Cushman & Wakefield (CWK) has issued an announcement.
Cushman & Wakefield U.S. Borrower, LLC and its U.K. counterpart have successfully renegotiated the terms of their $1.0 billion Term Loan, achieving a modest but notable reduction in interest rates. The amendment, effective from June 2024, lowers the interest by 0.25%, a move that maintains the original agreement’s conditions while easing the financial burden on the subsidiaries. This strategic financial maneuver was publicized in a recent press release, highlighting the company’s proactive approach to managing its debt obligations.
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