Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Cushman & Wakefield Announces an Amendment and Extension of Credit Facility

BusinessWire_EN 
0 0 29.04.22
Cushman & Wakefield Announces an Amendment and Extension of Credit Facility: https://mms.businesswire.com/media/20191105006169/en/669112/5/CW_Logo_Color_%28002%29.jpg
 

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced that the firm has amended its current Credit Agreement to increase the revolving commitments from $1.0 billion to $1.1 billion and has also extended the maturity date for the revolving credit facility from August 21, 2023 to April 28, 2027. All other terms are substantially similar to the existing credit facility.

In addition, the amendment reflects Cushman & Wakefield’s commitment to environmental, social and governance (ESG) by adding incentives linked to sustainability features based on the firm’s greenhouse gas (GHG) emission targets. These targets include:

  • Reducing GHG emissions across our corporate offices and operations 50% by 2030.
  • Partnering with the firm’s clients (representing 70% of its scope 3 value chain emissions) to set their own science-based targets by 2025.

“We are pleased to have completed the amendment of our credit facility and appreciate the strong support and commitment from our bank partners,” said Neil Johnston, Chief Financial Officer of Cushman & Wakefield. “Additionally, we are proud to align our sustainability commitments with our credit facility, demonstrating our commitment to ESG and the vital role we play in shaping a sustainable future for the commercial real estate industry.”

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220428006334/en/

Cushman & Wakefield PLC Stock

€11.00
3.770%
A very strong showing by Cushman & Wakefield PLC today, with an increase of €0.40 (3.770%) compared to yesterday's price.
Cushman & Wakefield PLC is currently one of the favorites of our community with 6 Buy predictions and no Sell predictions.
With a current price of 11.0 € Cushman & Wakefield PLC is right around the predicted target price of 11 €.
Show more
Like: 0
Share
BusinessWire_EN 
Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Investor relations, public relations, public policy and marketing professionals rely on Business Wire for secure and accurate distribution of market-moving news and multimedia.

Legal notice

Comments

Not a member yet? Sign up for free!