CBRE Group (NYSE: CBRE) Establishes $3.5 Billion Commercial Paper Program

On December 2, 2024, CBRE Services, Inc., a wholly-owned subsidiary of CBRE Group, Inc., announced the establishment of a commercial paper program allowing for the issuance of up to $3.5 billion in short-term, unsecured, and unsubordinated commercial paper notes. These notes, referred to as the “Notes,” may be issued at any time under the exemption from registration outlined in Section 4(a)(2) of the Securities Act of 1933, as amended.

The Notes will be guaranteed on an unsecured and unsubordinated basis by CBRE Group. The proceeds from the Notes, intended for general corporate use, will be raised under standard market terms in the U.S. commercial paper market. The maturities of the Notes can vary but will not exceed 397 days from the date of issuance.

It’s important to note that as of the filing date of this Form 8-K report, no Notes have been issued. The commercial paper program is supported by the available capacity under the Issuer’s unsecured revolving credit facility. Both the Notes and CBRE Group’s guarantee of payment have not been registered under the Securities Act or state securities laws.

The Company clarified that the offer and sale of these Notes will be in compliance with exemptions from registration requirements of the Securities Act and relevant state securities laws. The details disclosed in this Form 8-K do not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor will there be any sale of the Notes in jurisdictions where such actions would be unlawful.

CBRE Group, Inc. submitted this Current Report on Form 8-K to provide clarity and transparency regarding the establishment of this commercial paper program. Emma E. Giamartino, the Chief Financial Officer of CBRE Group, signed the report on behalf of the Company on December 3, 2024.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read CBRE Group’s 8K filing here.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.