FINANCE: CBRE is planning to offer up to $300m (£183m) of new senior notes to pay down outstanding debt.
The world’s largest property services firm said the new senior notes are expected to be issued by the company’s wholly owned subsidiary, CBRE Services, and guaranteed on a full and unconditional basis.
It added that it will use the proceeds from the offer, together with cash on hand, to redeem CBRE Services’ outstanding 6.62% senior notes due in 2020.
bridget.o’connell@estatesgazette.com
