On October 3, 2025, Cushman & Wakefield announced the completion of a $840 million term‑loan repricing on its January 2025 loan due January 2030, lowering the interest rate from Term SOFR + 2.75% to Term SOFR + 2.50%. The repricing reduces the loan’s cost by 25 basis points, translating to roughly $21 million in annual interest savings.
The move follows a $150 million prepayment made on August 5, 2025, and is part of a broader debt‑reduction program that has already repaid $400 million since the start of 2024. By maintaining the loan’s maturity while cutting its cost, the company strengthens its balance sheet and preserves financial flexibility for future growth initiatives.
CFO Neil Johnston said the repricing “achieves the lowest margin on our term loans since going public in 2018,” underscoring the company’s disciplined approach to capital management and its commitment to reducing interest expense as part of its strategic transformation.
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