CB Richard Ellis Group, Inc. Establishes a New $700 Million Revolving Credit Facility

CB Richard Ellis Group, Inc. CBG today announced that it has completed the refinancing of its credit agreement. As part of its refinancing, CB Richard Ellis:

• repaid approximately $460 million of existing debt with cash;
• refinanced $650 million of existing term loans;
• established a new $700 million revolving credit facility (with less than $25 million initially drawn), and
• secured a reusable $800 million accordion facility, which can be further expanded, subject to certain conditions.