Cleary Gottlieb represented Cushman & Wakefield in the refinancing of a portion of its existing term loan credit facility.
Pursuant to the transaction, Cushman & Wakefield applied the proceeds of new refinancing term loans in an aggregate principal amount of $1 billion to prepay its existing term loan facility. The refinancing transaction has meaningfully extended the maturity of Cushman & Wakefield’s debt profile.
The transaction closed on January 31, 2023.
Cushman & Wakefield is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 50,000 employees in approximately 400 offices and 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, valuation, and other services.