Cushman refinancing to include $500 million secured debt

By Paul A. Harris

Portland, Ore., Aug. 7 – Cushman & Wakefield plans to use proceeds from $500 million of secured debt as part of a refinancing undertaken on Monday, according to market sources.

The debt, which is expected to materialize as a bond offer, comes alongside a $700 million term loan B, via JPMorgan, that launched on a Monday lender call.

The Chicago-based commercial real estate services company plans to use the proceeds to refinance a portion of the term loan B due 2025.

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