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JLL renews $2.75B credit facility

Jones Lang LaSalle Inc. amended its bank credit facility to extend the maturity to April 2026 from May 2023, while keeping the borrowing capacity at $2.75 billion.

The real estate service giant said the amended facility will allow it to maintain operating flexibility and support its growth initiative. The facility includes incentives tied to achieving certain sustainability goals through such measures as reducing greenhouse gas emissions and working to achieve sustainability certification at JLL-occupied buildings over 10,000 square feet by 2030.

BMO Capital Markets Corp. and BofA Securities Inc. were joint lead arrangers, while HSBC Securities (USA) Inc., JPMorgan Chase Bank NA and Wells Fargo Securities LLC were joint bookrunners for the transaction.

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