Cushman & Wakefield Ltd. 8K

Cushman & Wakefield amended its credit agreement on June 12, 2026 to refinance its 2025-2 term loans into a new $1.2 billion 2026-1 term loan facility and to redeem $350 million of 2020 senior secured notes, with JPMorgan and other banks arranging and funding the transaction.

On June 12, 2026, Cushman & Wakefield U.S. Borrower, LLC and DTZ UK Guarantor Limited entered into Amendment No. 14 to their existing Credit Agreement, under which the company refinanced all outstanding 2025-2 Term Loans into a new tranche of 2026-1 Term Loans totaling $847.5 million and simultaneously upsized the facility by an additional $352.5 million of incremental term commitments, resulting in an aggregate $1.2 billion 2026-1 Term Loan. JPMorgan Chase Bank, N.A. acted as administrative agent and the additional 2026-1 term lender, funding $479.7 million of the new loans, with other institutions serving as joint lead arrangers and co-managers. The amendment also updates the credit agreement to reflect the new term loan structure and extends all existing guarantees and collateral liens to secure the 2026-1 Term Loans. Proceeds from the additional term loan are to be used to repay non-converted 2025-2 Term Loans, redeem $350 million of 2020 senior secured notes, and for general corporate purposes, and the company delivered customary representations, opinions, solvency and officer certificates as conditions to effectiveness.

Filing Facts

CIK

1628369

Ticker

-

Form

8K

Source Type

sec

Accession

0001628369-26-000102

Alert Tier

7