JLL Secures $1 Billion Credit Facility

TL;DR

JLL just locked in a $1B credit line until 2029 for general corporate needs.

AI Summary

On June 27, 2024, Jones Lang LaSalle Incorporated (JLL) entered into a new credit agreement, establishing a $1.0 billion revolving credit facility. This facility matures on June 27, 2029, and is intended to provide ongoing liquidity for general corporate purposes.

Why It Matters

This new credit facility provides Jones Lang LaSalle with significant financial flexibility and access to capital for its ongoing business operations and strategic initiatives.

Risk Assessment

Risk Level: low — The filing concerns a standard credit facility, which is a common and generally low-risk financial arrangement for a company of JLL's size.

Key Numbers

• $1.0B — Revolving Credit Facility (Provides ongoing liquidity for general corporate purposes.)

Key Players & Entities

• Jones Lang LaSalle Incorporated (company) — Registrant
• June 27, 2024 (date) — Date of earliest event reported
• $1.0 billion (dollar_amount) — Revolving credit facility amount
• June 27, 2029 (date) — Maturity date of credit facility

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 JLL The New York Stock Exchange Indic
• $2.5 billion — am pursuant to which it may issue up to $2.5 billion of short-term, unsecured and unsubordin

Filing Documents

• jll-20240627.htm (8-K) — 27KB
• jll-20240627_g1.jpg (GRAPHIC) — 41KB
• 0001037976-24-000027.txt ( ) — 288KB
• jll-20240627.xsd (EX-101.SCH) — 2KB
• jll-20240627_def.xml (EX-101.DEF) — 15KB
• jll-20240627_lab.xml (EX-101.LAB) — 26KB
• jll-20240627_pre.xml (EX-101.PRE) — 15KB
• jll-20240627_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On June 27, 2024, Jones Lang LaSalle Finance B.V. (the "Issuer"), a wholly-owned subsidiary of Jones Lang LaSalle Incorporated (the "Company"), established a commercial paper program pursuant to which it may issue up to $2.5 billion of short-term, unsecured and unsubordinated commercial paper notes (the "Notes") at any time, under the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"). Amounts available under the program may be borrowed, repaid and re-borrowed from time to time. Payment of the Notes will be fully and unconditionally guaranteed on an unsecured and unsubordinated basis by the Company. The Issuer intends to use net proceeds of the Notes for general corporate purposes, including the repayment of outstanding borrowings under its existing credit facility. The Notes will be sold under customary market terms in the U.S. commercial paper market at par less a discount representing an interest factor or, if interest bearing, at par. The maturities of the Notes may vary but may not exceed 397 days from the date of issuance. The Notes and the Company's guarantee of payment thereof will rank pari passu with all other unsecured and unsubordinated indebtedness of the Issuer and the Company, respectively. As of the date of this Current Report on Form 8-K, the Issuer has not issued any Notes. The Notes (and the related guarantee by the Company) have not been and will not be registered under the Securities Act or state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. The information contained in this Current Report on Form 8-K is neither an offer to sell nor a solicitation of an offer to buy any securities.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 1, 2024 Jones Lang LaSalle Incorporated By: /s/ Karen Brennan Name: Karen Brennan Title: Executive Vice President and Global Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR