Credit facility capacity at $3.3
billion, maturity extended to 2028
CHICAGO, Nov. 3, 2023
/PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL) amended
its bank credit facility to maintain the company's operating
flexibility and support its growth strategy. The borrowing capacity
will be $3.3 billion and the new
five-year term extends the maturity from April 2026 to November
2028.
The facility will continue to include incentives linked to
achieving certain sustainability goals. These measures include: 1)
reducing greenhouse gas emissions consistent with JLL's previously
announced Science Based Targets and 2) ensuring JLL-occupied
buildings over 10,000 square feet obtain sustainability
certification by 2030.
"We are pleased with the success of our latest refinancing and
appreciate the continued support of our globally diversified
relationship bank group," said Karen
Brennan, Chief Financial Officer of JLL. "The extension of
the maturity profile of our credit facility provides significant
liquidity and flexibility to support our ongoing strategic business
operations. By continuing to embed sustainability goals, we further
bolster our commitment to shaping the future of real estate for a
better world."
BMO Capital Markets Corp. and BofA Securities, Inc. were Joint
Lead Arrangers for this transaction. In addition, HSBC
Securities (USA) Inc., JPMorgan
Chase Bank, N.A. and Wells Fargo Securities, LLC were Joint
Bookrunners for this transaction.
About JLL
For over 200 years, JLL (NYSE: JLL), a
leading global commercial real estate and investment management
company, has helped clients buy, build, occupy, manage and invest
in a variety of commercial, industrial, hotel, residential and
retail properties. A Fortune 500® company with annual revenue of
$20.9 billion and operations in over
80 countries around the world, our more than 105,000 employees
bring the power of a global platform combined with local expertise.
Driven by our purpose to shape the future of real estate for a
better world, we help our clients, people and communities SEE A
BRIGHTER WAYSM. JLL is the brand name, and a registered
trademark, of Jones Lang LaSalle Incorporated. For further
information, visit ir.jll.com.
Connect with us
https://www.linkedin.com/company/jll
https://www.facebook.com/jll
https://twitter.com/jll
Contact: Gayle Kantro
Phone: +1 312 228 2795
Email: Gayle.Kantro@am.jll.com
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SOURCE JLL-IR