Cushman & Wakefield launches $200 million add-on term loan at Libor plus 325 bps at 99.28

By Paul A. Harris

Portland, Ore., March 2 – Cushman & Wakefield launched a $200 million add-on to its Libor plus 325 basis points first-lien term loan due November 2021 at 99.28, a market source said on Friday.

Commitments are due March 9.

The spread and a 1% Libor floor are identical to the outstanding loan paper.

The tap will increase the overall size to $2,586,000,000.

UBS is the lead left bookrunner. TPG, Barclays, Citigroup, Credit Suisse, Fifth Third, HSBC, JPMorgan, Bank of America Merrill Lynch and Mizuho are the joint bookrunners.

The Chicago-based commercial real estate services company plans to use the proceeds for general corporate purposes.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.