CBRE Group considers extending revolving facility, increasing capacity

By Tali Rackner

Norfolk, Va., Feb. 16 – CBRE Group, Inc. said it is in discussions with its lenders about extending the maturity on its revolving credit facility to five years from the closing of the facility amendment, according to a press release.

The proposed amendment would also accommodate up to $200 million of additional capacity under its existing revolving credit facility by increasing total capacity to up to $2.8 billion.

The company had no outstanding borrowings on its revolving credit facility at year-end 2015.

CBRE is a Los Angeles-based commercial real estate services and investment firm.

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