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JLL extends, reprices $2.75B credit facility

Real estate services company Jones Lang LaSalle Inc. extended the maturity date of its $2.75 billion credit facility to May 2023 from June 2021 and amended its pricing.

The facility now bears interest at the London Interbank Offered Rate plus 0.875% to 1.35%, depending on the company's gross cash flow leverage ratio.

BMO Capital Markets Corp. and Bank of America Merrill Lynch were joint lead arrangers and book runners for the facility, with Barclays, NatWest Bank PLC, Wells Fargo Bank NA, JPMorgan Chase Bank NA and HSBC Securities (USA) Inc. also serving as joint lead arrangers.