Simpson Thacher represented CBRE Services, Inc. in connection with its entry into (i) a new five-year senior unsecured revolving credit agreement, which provides for a senior unsecured revolving credit facility with commitments in an aggregate principal amount of up to $3.5 billion and (ii) a new 364-day senior unsecured revolving credit agreement, which provides for a senior unsecured revolving credit facility with commitments in an aggregate principal amount of up to $1 billion. Wells Fargo Bank, National Association acted as administrative agent under each revolving credit agreement.
CBRE Group, 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 company has more than 140,000 employees (including Turner & Townsend employees) servicing clients in more than 100 countries.
The Simpson Thacher team included Eli Isak, Callie Robins, Mark Marzziotti, Kate Burns and Andrew Han (Banking & Credit); Michael Mann (Tax); Ryan Stott (ECEB) and Ryan Stalnaker (Regulatory); Summer Associate Nicholas Williams provided valuable assistance.