CBRE mulls increase in revolver to $2.5 billion, term loan A refinance

By Toni Weeks

San Luis Obispo, Calif., Nov. 21 – CBRE Group, Inc. said it is in discussions with its lenders about potentially amending its revolving credit facility and tranche A term loan under its existing credit agreement.

The amendment would increase the revolver to $2.5 billion and refinance the existing tranche A term loan with a new $500 million tranche A term loan, according to a press release.

As of Sept. 30, there was a $149.2 million balance under the existing revolver and a $443.7 million balance on the existing tranche A term loan.

CBRE is a Los Angeles-based commercial real estate services and investment firm.

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