JLL Amends $3.3 Billion Credit Facility, Extending Maturity to November 2028
Jones Lang LaSalle signed Amendment No. 5 to its multicurrency credit agreement on November 3, 2023, setting borrowing capacity at $3.3 billion and extending maturity from April 2026 to November 2028. The amendment also changed Adjusted EBITDA adjustments, the Canadian dollar index rate, and sustainability targets, and the company said the longer maturity provides liquidity and flexibility.
- Borrowing capacity under the Credit Agreement is $3.3 billion.
- Maturity extended from April 2026 to November 2028.
- Canadian dollar loans move from CDOR to the Canadian Overnight Repo Rate Average.
- Sustainability incentives now include greenhouse gas reduction targets and certification of JLL-occupied buildings over 10,000 square feet by 2030.