CBRE Completes $1.1 Billion Notes Offering
05.13.25
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Simpson Thacher represented CBRE Group, Inc. (“CBRE”) in connection with the offering by CBRE Services, Inc. (“Services”) of $600 million in aggregate principal amount of 4.800% Senior Notes due 2030 and $500 million in aggregate principal amount of 5.500% Senior Notes due 2035. The net proceeds of the offering will be used to redeem Services’ 4.875% Senior Notes due 2026, to repay borrowings under CBRE’s commercial paper program and for other general corporate purposes.
CBRE (NYSE: CBRE), 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).
The Simpson Thacher team included William Brentani, Kelli Schultz-Panas, Anna LeGrett and Sabrina Suen (Capital Markets); and Jonathan Cantor (Tax).