CB Richard Ellis Group has raised $800 million of new term loans under its credit agreement. The U.S. real estate company intends to use the proceeds to fund the acquisition of ING Group’s real estate investment management businesses.
The California-based secured $400 million seven-year senior secured term loans and another $400 million eight and one-half year senior secured term loans. Credit Suisse and Merrill Lynch, Pierce, Fenner & Smith ledthefinancing.
Click here for the release from CB Richard Ellis.