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Simpson Thacher Represents CBRE in $300 Million Senior Notes Offering

01 Oct 2014

Simpson Thacher recently represented CBRE Group, Inc. in connection with the offering of $300 million aggregate principal amount of 5.25% Senior Notes due 2025 (the “Notes”).  The Notes were issued by CBRE Services, Inc., a wholly-owned subsidiary of CBRE Group, Inc., and are guaranteed by CBRE Group, Inc. and the subsidiaries that guarantee its senior secured credit facility.  The Notes are being offered pursuant to an effective shelf registration statement that CBRE Group, Inc. previously filed with the Securities and Exchange Commission.  The net proceeds of the offering, together with cash on hand, are being used to redeem CBRE Services, Inc.’s outstanding 6.625% Notes due 2020.

CBRE Group, Inc. is a leading global commercial real estate services and investment firm based in Los Angeles. 

The Simpson Thacher team included William Brentani, Kelli Schultz, Emiko Kurotsu and Jacob Mayers (Capital Markets); and Katharine Moir and Noah Metz (Tax).

Matter Type
Banking & Finance - Capital Markets: Debt
Industry
Real Estate & Construction
News Category
Banking & Finance
Real Estate & Construction