Commercial real estate and investment management company Jones Lang LaSalle (JLL) amended its bank credit facility to maintain the company’s operating flexibility and support its growth strategy. The borrowing capacity of the facility is now $3.3 billion and the facility’s 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 reducing greenhouse gas emissions consistent with JLL’s previously announced science-based targets and ensuring JLL-occupied buildings of more than 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,” Karen Brennan, CFO of JLL, said. “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 and BofA Securities were joint lead arrangers for this transaction. In addition, HSBC Securities., JPMorgan Chase and Wells Fargo Securities were joint bookrunners for this transaction.
