Loan & DebtMay 4, 2026, 07:02 AM
Cushman & Wakefield to Redeem $100M of 2028 Senior Secured Notes
AI Summary
Cushman & Wakefield U.S. Borrower, LLC, a wholly-owned subsidiary of Cushman & Wakefield Ltd., has elected to partially redeem $100 million of its outstanding $650 million 6.750% Senior Secured Notes due May 2028. The redemption will be completed on May 15, 2026, at 100% of the principal amount plus accrued and unpaid interest. This action reduces the company's overall debt obligations.
Key Highlights
- Cushman & Wakefield U.S. Borrower to partially redeem $100 million of its 2028 Senior Secured Notes.
- The outstanding amount of 2028 Notes was $650 million prior to this redemption.
- The partial redemption is scheduled for May 15, 2026.
- Redemption price is 100% of the principal amount plus accrued and unpaid interest.
- The notes carry a 6.750% interest rate and are due in May 2028.