Cushman & Wakefield retires $150 million of 2028 senior notes, leaving no maturities until 2030
Cushman & Wakefield redeemed the remaining $150 million of its 6.75 % senior secured notes that were due in May 2028, fully retiring the issue that originally amounted to $650 million. The redemption brings total debt repayments since 2024 to more than $800 million, including over $300 million repaid in the current year. Management said the move secured the lowest borrowing margin on its term loan since the company went public and extended the firm’s maturity profile to 2030. The company also reported $10.3 billion of revenue for 2025 and received credit‑rating upgrades from S&P and Moody’s.
Why it matters
The company now faces no scheduled debt repayments until 2030, which should improve cash‑flow flexibility and reduce refinancing risk, according to the press release. The lower borrowing margin and rating upgrades may lower future financing costs, as noted by management.
Key facts
- 1Redemption amount was $150 million of 6.75 % senior secured notes due May 2028. investing.com
- 2The notes originally had a principal amount of $650 million. investing.com
- 3Total debt repayments since 2024 exceed $800 million. investing.com
- 4More than $300 million of debt was repaid in the current year. investing.com
- 5The firm now has no debt maturities until 2030. investing.com
- 6Revenue for 2025 was $10.3 billion. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.