Cushman & Wakefield units amend credit agreement to add SOFR

By Wendy Van Sickle

Columbus, Ohio, June 30 – Cushman & Wakefield plc subsidiaries Cushman & Wakefield U.S. Borrower, LLC and DTZ UK Guarantor Ltd. amended their credit agreement with JPMorgan Chase Bank, NA as administrative agent on June 28.

The amendment replaces the Libor-based interest rate option with a reference interest rate option based on term SOFR plus an applicable credit spread adjustment, according to an 8-K filed with the Securities and Exchange Commission.

Cushman & Wakefield is a Chicago-based commercial real estate services company.

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