Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when CBRE files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsCBRE renews up to $1B revolving credit facility with Wells Fargo for 364-day term
Filed June 23, 2026 · Period ending June 23, 2026 · ~1 min read
Key Changes
-
medium
CBRE entered a new up to $1 billion senior unsecured revolving credit facility maturing June 22, 2027, replacing the prior facility that expired June 23, 2026.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
medium
Borrowings bear interest at Term SOFR plus 0.645% to 1.125% based on credit rating, with facility fees of 0.055% to 0.125% on total commitment whether drawn or undrawn.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
medium
The facility requires CBRE to maintain a maximum leverage ratio at each quarter-end, limiting debt capacity relative to earnings.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
Summary
CBRE renewed its short-term liquidity facility on June 23, 2026, replacing an expiring up to $1 billion revolving credit line with a new 364-day facility under substantially similar terms. The renewal maintains the company's access to working capital and operational flexibility through June 2027.
Pricing remains tied to CBRE's credit rating, with interest rates ranging from Term SOFR plus 0.645% to 1.125% and facility fees from 0.055% to 0.125%. This is a routine refinancing with no material change to CBRE's capital structure. The company continues to operate under a leverage covenant that caps its debt-to-earnings ratio at quarter-end, a standard provision for investment-grade borrowers.
The 364-day term is typical for supplemental liquidity facilities that complement longer-term credit lines. Retail holders should view this as maintenance of existing financial flexibility rather than a strategic shift.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
Item 1.01 — Entry into a Material Definitive Agreement filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
The applicable rate for borrowings under the 364-Day Revolving Credit Agreement will generally bear interest at an annual rate equal to Term SOFR plus between 0.645% and 1.125%, depending on the Company’s credit rating. The base rate spread for borrowings under the 364-Day Revolving Credit Agreement will generally bear interest at a rate between 0% and 0.10%, depending on the Company’s credit rating. In addition to paying interest on outstanding principal under the 364-Day Revolving Credit Agreement, Services is required to pay a facility fee of between 0.055% and 0.125% to the lenders under the 364-Day Revolving Credit Agreement (whether drawn or undrawn), which facility fee is based on the Company’s credit rating.
Borrowings under the new facility bear interest at Term SOFR plus 0.645% to 1.125% (or base rate plus 0% to 0.10%), depending on CBRE's credit rating. The company also pays a facility fee of 0.055% to 0.125% on the total commitment, whether drawn or undrawn. Pricing is tied to credit rating, providing incentive to maintain strong ratings.
Added in current filing · verify on EDGAR →
The 364-Day Revolving Credit Agreement includes a financial covenant requiring the Company and its subsidiaries to maintain a specified maximum leverage ratio on the last day of each fiscal quarter.
The facility requires CBRE to maintain a maximum leverage ratio at each quarter-end. The specific ratio threshold is not disclosed in the 8-K body but would be detailed in the credit agreement exhibits. This covenant limits how much debt CBRE can carry relative to its earnings.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jun 23, 2026 · How we verify