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CBRE Group, Inc. Announces New Senior Secured Credit Facilities Proposal

LOS ANGELES—Targeting secured revolving credit of approximately $1 billion.

By David Phillips | Updated on March 06, 2013

LOS ANGELES—CBRE Group, Inc. says it is in discussions with its lenders about the potential to refinance the term loan debt outstanding under its credit agreement and to amend its credit agreement. The company expects that, after such refinancing, it would have approximately $715 million of term loans outstanding under its amended credit agreement. In connection with the refinancing and the amendment, the company is targeting secured revolving credit facilities in an aggregate principal amount of approximately $1 billion.

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