CBRE GROUP, INC.

$1bn committed across 1 active facility, next covenant test Sep 30, 2026. CBRE

Real Estate

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Jun 23, 2026CBRE GROUP, INC. signs $1bn 364-DAY REVOLVING CREDIT AGREEMENT, matures Jun 2027 SEC ↗

Total leverage: when the limit steps, and which way the company's ratio has been moving.

CovenantTestedHeadroomLimit now

Tested quarterly31.8%ratio 2.90x, estimated, vs 4.25x limit in force at Jun 30, 20264.25x

Holdings will not permit the Leverage Ratio on the last day of any fiscal quarter to be greater than (i) 4.25 to 1.00 or (ii) for the first four full fiscal quarters following the consummation of a Qualified Acquisition, 4.75 to 1.00.

Read the filing on sec.gov ↗

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364-DAY REVOLVING CREDIT AGREEMENT

Signed Jun 23, 2026

Committed: $1bn
Matures: Jun 2027
Agent: Wells Fargo Bank, National Association

Tranche	Size	Matures	Margin
Revolving credit facility	$1bn	Jun 2027	65–113 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

Level	Condition	Margin	Unused fee
Level I	Debt Ratings: S&P ≥A; Fitch ≥A; Moody’s ≥A2	65 bps	6 bps
Level II	Debt Ratings: S&P A-; Fitch A-; Moody’s A3	74 bps	7 bps
Level III	Debt Ratings: S&P BBB+; Fitch BBB+; Moody’s Baa1	83 bps	8 bps
Level IV	Debt Ratings: S&P BBB; Fitch BBB; Moody’s Baa2	89 bps	11 bps
Level V	Debt Ratings: S&P ≤BBB-; Fitch ≤BBB-; Moody’s ≤Baa3	113 bps	13 bps

Lenders: Wells Fargo Securities, LLC

No amendments on file yet.

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