Cushman & Wakefield cuts $948M term loan spread by 50bps

Cushman & Wakefield cuts $948M term loan spread by 50bps

Cushman & Wakefield (NYSE: CWK) has successfully completed a repricing of its term loan debt, reducing the applicable interest rate by 50 basis points. The repricing, announced on July 21, 2025, lowers the interest rate on the $948 million Term Loan from Term SOFR plus 3.25% to Term SOFR plus 2.75%. The maturity of the loan remains unchanged, and other terms are substantially the same.

The company also reported that it has prepaid $25 million of its Term Loan due in 2030, bringing the total year-to-date debt repayment to $50 million. This move is part of Cushman & Wakefield's strategy to enhance its capital structure and balance capital allocation.

Neil Johnston, Chief Financial Officer of Cushman & Wakefield, expressed satisfaction with the successful repricing, stating, "We’re pleased to have completed another successful repricing of our term loan debt, locking in the lowest margin on our term loans since going public. This, along with our continued focus on debt reduction, balanced capital allocation, and disciplined growth, reflects the strong momentum behind our strategy to enhance our capital structure."

Cushman & Wakefield is a leading global commercial real estate services firm with approximately 52,000 employees in nearly 400 offices and 60 countries. The firm reported revenue of $9.4 billion in 2024 across its core service lines of Services, Leasing, Capital Markets, and Valuation and other.

References:
[1] https://www.stocktitan.net/news/CWK/cushman-wakefield-successfully-completes-term-loan-hd11vmjbihy9.html