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CBRE Group Amends, Extends $2.8B Revolving Credit Facility

March 22, 2016, 07:56 AM
Filed Under: Real Estate

CBRE Group, Inc. announced that it has extended the maturity on its revolving credit facility to March 2021 and increased its borrowing capacity under this facility by $200 million, to $2.8 billion. At year-end 2015, the company had no outstanding borrowings on its revolving credit facility, which currently has an interest rate of LIBOR+95 basis points and a facility fee of 20 basis points.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide.

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