Jones Lang LaSalle extends credit facility maturity to 2028

By Marisa Wong

Los Angeles, Nov. 3 – Jones Lang LaSalle Inc. (JLL) said it amended its bank credit facility to maintain its operating flexibility and support its growth strategy.

The borrowing capacity will be $3.3 billion, and the new five-year term extends the maturity to November 2028 from April 2026, according to a press release.

The facility will continue to include incentives linked to achieving certain sustainability goals. These measures include (i) reducing greenhouse gas emissions consistent with the company’s previously announced Science Based Targets and (ii) ensuring JLL-occupied buildings over 10,000 square feet obtain sustainability certification by 2030.

BMO Capital Markets Corp. and BofA Securities, Inc. were joint lead arrangers for this transaction. In addition, HSBC Securities (USA) Inc., JPMorgan Chase Bank, NA and Wells Fargo Securities, LLC were joint bookrunners.

“We are pleased with the success of our latest refinancing and appreciate the continued support of our globally diversified relationship bank group,” chief financial officer Karen Brennan said in the press release.

“The extension of the maturity profile of our credit facility provides significant liquidity and flexibility to support our ongoing strategic business operations. By continuing to embed sustainability goals, we further bolster our commitment to shaping the future of real estate for a better world,” Brennan added.

JLL is a Chicago-based global commercial real estate and investment management company.

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