CBRE Group closes new term loan facility to fund acquisition

• The new $400M term loan facility includes a $270M term loan maturing in five year with an initial interest rate of Libor + 115 basis points, and a $130M term loan maturing in seven years with an initial interest rate of Libor + 160 basis points.
• This follows a sale of $600M of senior notes last month. The two combined to finance CBG's purchase of Global Workplace Solutions, which closed this week.
• Source: Press Release