CBRE Reports Material Agreements, Financial Obligations, and Officer Changes

TL;DR

**CBRE just dropped an 8-K detailing new material agreements, financial obligations, and executive compensation changes.**

AI Summary

CBRE Group, Inc. filed an 8-K on February 23, 2024, reporting events from February 20, 2024. The filing indicates an entry into a material definitive agreement, the creation of a direct financial obligation, and compensatory arrangements for certain officers. It also includes information on the departure or election of directors or officers, and Regulation FD disclosure.

Why It Matters

This filing signals significant corporate actions at CBRE, potentially impacting its financial structure, strategic direction, and executive leadership.

Risk Assessment

Risk Level: medium — The filing mentions new financial obligations and material agreements, which could introduce new risks or opportunities depending on their nature, though specific details are not provided in this summary.

Key Players & Entities

• CBRE GROUP, INC. (company) — Registrant
• February 20, 2024 (date) — Date of earliest event reported
• February 23, 2024 (date) — Filed as of date
• Delaware (location) — State of incorporation
• 001-32205 (other) — SEC File Number

FAQ

Key Financial Figures

• $0.01 — which registered Class A Common Stock, $0.01 par value per share " CBRE " New Yo
• $500 million — owned subsidiary of the Company, issued $500 million in aggregate principal amount of 5.500%

Filing Documents

• d788609d8k.htm (8-K) — 40KB
• d788609dex11.htm (EX-1.1) — 171KB
• d788609dex42.htm (EX-4.2) — 172KB
• d788609dex51.htm (EX-5.1) — 13KB
• d788609dex991.htm (EX-99.1) — 8KB
• g788609dsp6.jpg (GRAPHIC) — 10KB
• g788609dsp6a.jpg (GRAPHIC) — 3KB
• 0001193125-24-044484.txt ( ) — 638KB
• cbre-20240220.xsd (EX-101.SCH) — 2KB
• cbre-20240220_lab.xml (EX-101.LAB) — 18KB
• cbre-20240220_pre.xml (EX-101.PRE) — 11KB
• d788609d8k_htm.xml (XML) — 4KB

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits The following documents are attached as exhibits to this Current Report on Form 8-K: Exhibit No. Exhibit Description 1.1 Underwriting Agreement, dated as of February 20, 2024, among CBRE Group, Inc., CBRE Services, Inc. and Wells Fargo Securities, LLC, BofA Securities, Inc. and HSBC Securities (USA) Inc., for themselves and on behalf of the several underwriters listed therein 4.1 Indenture, dated as of March 14, 2013, among CBRE Group, Inc., CBRE Services, Inc., certain subsidiaries of CBRE Services, Inc. named therein and Wells Fargo Bank, National Association, as trustee (incorporated herein by reference from Exhibit 4.4(a) to the Form 10-Q filed by CBRE Group, Inc. on May 10, 2013 (File No. 001-32205)) 4.2 Ninth Supplemental Indenture, dated as of February 23, 2024, among CBRE Group, Inc., CBRE Services, Inc. and Computershare Trust Company, National Association, as successor to Wells Fargo Bank, National Association, as trustee, for the issuance of 5.500% Senior Notes due 2029, including the Form of 5.500% Senior Notes due 2029 5.1 Legal Opinion of Simpson Thacher & Bartlett LLP 23.1 Consent of Simpson Thacher & Bartlett LLP (included in Exhibit 5.1 hereto) 99.1* Press Release announcing the appointment of Guy A. Metcalfe as a Director of the Company, dated February 23, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Furnished herewith. "Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995: This current report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements related to the use of proceeds from the offering of the Notes and future transactions between the Company and its affiliates and the underwriters and

View Full Filing

View this 8-K filing on SEC EDGAR