Nov 5, 5:00 PM ET
CBRE Services, a wholly-owned subsidiary of CBRE Group, completed a $1 billion offering of senior notes in two $500 million tranches due 2032 and 2037. The Company intends to use the proceeds for general corporate purposes, including repaying commercial paper borrowings and funding the pending acquisition of Onnec Group Limited, which adds debt that shareholders will need to service.
- $500 million of 5.650% Senior Notes due January 15, 2032, with semi-annual interest beginning January 15, 2027
- $500 million of 5.900% Senior Notes due January 15, 2037, with semi-annual interest beginning January 15, 2027
- Notes are fully and unconditionally guaranteed on a senior unsecured basis by CBRE Group, Inc.
- Proceeds intended for commercial paper repayment and the pending acquisition of Onnec Group Limited
Read the filing on SEC.gov ↗
Oct 28, 5:13 PM ET
CBRE Group and its subsidiary CBRE Services entered an underwriting agreement on October 27, 2026, for the sale of $1 billion in senior notes in two tranches: $500 million of 5.650% notes due 2032 and $500 million of 5.900% notes due 2037. The closing is expected November 5, 2026. The company plans to use the proceeds for general corporate purposes, including repaying commercial paper borrowings and funding its acquisition of Onnec Group Limited, which adds new debt to the balance sheet.
- $500 million of 5.650% senior notes due 2032 and $500 million of 5.900% senior notes due 2037
- Underwriting agreement dated October 27, 2026; closing expected November 5, 2026
- Proceeds for general corporate purposes, including commercial paper repayment and funding the Onnec Group Limited acquisition
Read the filing on SEC.gov ↗
Oct 22, 7:03 AM ET
CBRE Group reported third-quarter 2026 results on October 22, 2026, with revenue of $11.5 billion, up 13% from a year earlier. GAAP earnings per diluted share rose 26% to $1.52, and core earnings per share rose 28% to $2.05, so the headline profit and revenue measures both improved for shareholders.
- GAAP EPS of $1.52 for Q3 2026, up from $1.21 in Q3 2025; core EPS of $2.05, up from $1.60
- Revenue of $11,517 million, up from $10,221 million; Building Operations & Experience revenue rose 17% to $6,856 million
- Free cash flow of $1.8 billion for the 12 months ended September 30, 2026; nearly $1.2 billion of shares repurchased year to date
- Net leverage ratio of 1.36x as of September 30, 2026; total liquidity of $5.0 billion
Read the filing on SEC.gov ↗
Oct 20, 5:04 PM ET
CBRE Group announced a definitive agreement to acquire Onnec Group Limited, a data center infrastructure services provider in Europe and Asia Pacific, for an initial cash price of £460 million (approximately $610 million), plus a multi-year earnout of up to £300 million (approximately $400 million) tied to growth thresholds. The company says the deal is immediately accretive to core earnings per share, and completion is expected around the end of 2026, subject to customary regulatory approvals.
- Initial cash purchase price of £460 million (approximately $610 million), with an earnout of up to £300 million (approximately $400 million) subject to Onnec meeting growth thresholds
- Onnec expected to generate approximately £370 million ($498 million) in revenue and more than £50 million ($67 million) of core EBITDA in 2027
- Onnec will join the Critical Infrastructure Services business line, which CBRE expects to generate nearly $4.5 billion of total revenue in 2027, including Onnec
- Transaction expected to be completed around the end of the year, subject to customary regulatory approvals
Read the filing on SEC.gov ↗
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