Form 8-K · Current Report · Filed 2024-12-03
CBRE Services Establishes Commercial Paper Program
On December 2, 2024, CBRE Services, Inc., a subsidiary of CBRE Group, Inc., established a commercial paper program to issue up to $3.5 billion of short-term, unsecured commercial paper notes for general corporate purposes.
- Filer
- CBRE Group Inc. CBRE · NYSE
- Filed
- Accession
- 0001193125-24-270000
- CIK
- 0001138118
- Signal
- High impactReal Estate
- Source
- Official filing on sec.gov ↗
Details
The program is exempt from registration under the Securities Act of 1933 and is backed by the Issuer's unsecured revolving credit facility. The Company fully and unconditionally guarantees the payment of these notes.
Items reported
Creation of a Direct Financial Obligation
Other Events
Market reaction
Close before filing
$138.39
Next session
-0.5%
Since filing
+6.1%
Latest close
$146.81
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from CBRE reporting the same item, with the next session's move:
About CBRE Group Inc.
CBRE Group Inc. operates as a leading commercial real estate services and investment firm globally. The company's primary purpose is to offer a broad array of real estate solutions, sector-driven insights, and advisory services to a diverse clientele that includes corporations, property owners, investors, and developers. CBRE provides expertise in property management, strategic consulting, valuation, project management, and capital markets operations. Known for its vast geographic presence, CBRE serves numerous industries, encompassing sectors such as retail, industrial, office, and healthcare. With comprehensive service offerings, the firm plays a vital role in shaping urban landscapes and responding to market dynamics. Headquartered in Dallas, Texas, CBRE Group Inc. leverages its extensive global network and local market expertise to drive innovation and sustainable practices, profoundly influencing how real estate industry challenges are addressed across the world.
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