CBRE Completes $750 Million Offering of 4.900% Senior Notes Due 2033

"Simpson Thacher represented CBRE Group, Inc. and CBRE Services, Inc. in the offering by CBRE Services of $750 million aggregate principal of 4.900% Senior Notes due 2033. Net proceeds will repay commercial paper borrowings used in connection with the acquisition of Pearce Services, LLC and for other corporate purposes."

Simpson Thacher represented CBRE Group, Inc. and CBRE Services, Inc. in the transaction. The transaction involved an offering by CBRE Services, Inc. of $750 million in aggregate principal amount of 4.900% Senior Notes due 2033. The net proceeds of the offering will be used to repay borrowings under CBRE’s commercial paper program that were incurred in connection with the acquisition of Pearce Services, LLC and for other corporate purposes. CBRE Group, a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm based on 2024 revenue. Simpson Thacher represented CBRE Group, Inc. and CBRE Services, Inc. with a team composed by: William Brentani (Capital Markets); Kelli Schultz-Panas (Capital Markets); Anna LeGrett (Capital Markets); Sabrina Suen (Capital Markets); and Jonathan Cantor (Tax).

CBRE Completes $750 Million Offering of 4.900% Senior Notes Due 2033

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