Cushman & Wakefield (C&W) has refinanced a $500 million credit facility, PropertyEU reports. C&W added a $150 million senior secured term loan and refinanced its existing $350 million senior secured revolving credit facility. The new facility has an extended term and matures in June 2016, as opposed to the previous term of May 2012. The refinancing was led by Merrill Lynch, Pierce, Fenner & Smith and JP Morgan Securities. Bank of America was the administrative agent, adds Citybiz Real Estate.
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