Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

CBRE GROUP, INC. Capital/Financing Update 2014

Sep 24, 2014

30026_rns_2014-09-24_6774c057-328d-4553-9353-9d6106f8185a.zip

Capital/Financing Update

Open in viewer

Opens in your device viewer

Filed Pursuant to Rule 433 File No. 333-178800

Pricing Term Sheet

CBRE Services, Inc.

$300,000,000 5.25% Senior Notes due 2025

September 23, 2014

The following information supplements the Preliminary Prospectus Supplement dated September 23, 2014 filed pursuant to Rule 433, Registration Statement No. 333-178800.

Issuer: CBRE Services, Inc. (the “Issuer”)
Title of Securities: 5.25% Senior Notes due 2025 (the “Notes”)
Principal Amount: $300,000,000
Gross Proceeds: $300,000,000
Net Proceeds to Issuer (before expenses): $297,000,000
Final Maturity Date: March 15, 2025
Issue Price: 100%
Coupon: 5.25%
Yield to Maturity: 5.25%
Spread to Treasury: + 276 basis points
Benchmark: UST 7.625% due February 15, 2025
Interest Payment Dates: March 15 and September 15
First Interest Payment Date: March 15, 2015
Record Dates: March 1 and September 1
Optional Redemption: From and after December 15, 2024, the Issuer will be entitled, at the Issuer’s option, to redeem all or a portion of the Notes at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus
accrued and unpaid interest, if any, to, but excluding, the date of redemption.
Make-Whole Premium: Prior to December 15, 2024, the Issuer will be entitled, at the Issuer’s option, to redeem all or a portion of the Notes at a redemption price equal to the greater of (1) 100% of the principal amount of the Notes to be redeemed
and (2) the sum of the present values of the remaining scheduled payments of principal and interest thereon to December 15, 2024 (not including any portions of payments of interest accrued as of the date of redemption) discounted to the date of
redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate (T+50 basis points). In the case of each of clause (1) and (2), accrued and unpaid interest, if any, will be payable to, but
excluding, the date of redemption.
Joint Book-Running Managers: J.P. Morgan Securities LLC
Credit Suisse Securities (USA) LLC
Merrill Lynch, Pierce, Fenner & Smith Incorporated
HSBC Securities (USA) Inc.
Wells Fargo Securities, LLC
Scotia Capital (USA) Inc.
RBS Securities Inc.
Barclays Capital Inc.
Co-Managers: Mitsubishi UFJ Securities (USA), Inc.
BNY Mellon Capital Markets, LLC
ANZ Securities, Inc.
Comerica Securities, Inc.
Trade Date: September 23, 2014
Settlement Date: September 26, 2014 (T+3)
CUSIP/ISIN Numbers: 12505B AC4 / US12505BAC46
Trustee for the Notes: Wells Fargo Bank, National Association

The Issuer has filed a registration statement including a prospectus and a prospectus supplement with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus and prospectus supplement in that registration statement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, copies may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY, or by calling 1-866-803-9204.