Cushman & wakefield successfully completes term loan repricing; prepays additional $45 million in debt bringing full year repayment total to $100 million

Chicago--(business wire)-- #cre--cushman & wakefield (nyse: cwk) announced that it has successfully completed a repricing of approximately $1.0 billion of its term loan issued in january 2023 (“term loan”) due 2030. the repricing reduces the applicable interest rate on the term loan by 25 basis points from term sofr plus 3.25% to term sofr plus 3.00%. there are no changes to the maturity of the term loan following this repricing and all other terms are substantially unchanged. additionally, on jun.
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