CBRE completes debt refinancing  

CBRE Group has agreed a five-year, $2.8bn (£2.5bn) revolving credit facility and a five-year $750m delayed draw loan facility as the company completes its debt refinancing. Loans under the new revolver bear interest at an initial rate equal to the London interbank offered rate (LIBOR) plus 1% with a facility fee of 0.15%. Loans under the new term loan bear interest at an initial rate equal to LIBOR plus 1.15%. The prior revolver had a current interest rate of LIBOR plus 0.95% with a facility fee of 0.2%, and the two existing term loans had a weighted average current interest