Cushman & Wakefield (CWK) has provided an update.
Cushman & Wakefield successfully renegotiated the terms of their existing credit agreement, achieving a quarter-point interest rate reduction on their $1 billion term loan, now at Term SOFR plus 3.75%. This savvy financial move, effective from April 2024, signals the company’s proactive steps in managing its debt without altering the original agreement’s primary conditions. The news, released in a press announcement, underscores the firm’s commitment to financial optimization and shareholder value, although it’s not officially filed for regulatory purposes.
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