Jones Lang LaSalle amended its bank credit facility with a new five-year term that extends the maturity from May 2023 to April 2026. The borrowing capacity of the facility remains at $2.75 billion.
BMO Capital Markets and BofA Securities were joint lead arrangers for this transaction. In addition, HSBC Securities, JPMorgan Chase Bank and Wells Fargo Securities were joint bookrunners.
In addition, the facility includes incentives linked to achieving certain sustainability goals. These measures include:
- Reducing greenhouse gas emissions consistent with JLL’s previously announced science-based targets
- Ensuring JLL-occupied buildings of more than 10,000 square feet obtain sustainability certification by 2030
_x000D_
_x000D_
“We appreciate the continued support of our globally diversified relationship bank group and are proud to be an early adopter in the U.S. aligning our sustainability commitments with our financing arrangement,” Karen Brennan, CFO of JLL, said.
JLL is a professional services firm that specializes in real estate and investment management.
