CBRE Group, Inc. Announces Pricing of $800 Million of 5.00% Senior Unsecured Notes Due 2023

  CBRE Group, Inc. Announces Pricing of $800 Million of 5.00% Senior Unsecured
  Notes Due 2023

Business Wire

LOS ANGELES -- March 11, 2013

CBRE Group, Inc. (NYSE:CBG) today announced the pricing of its offering of
$800 million in aggregate principal amount of 5.00% senior notes due 2023 (the
“Notes”). The Notes will have an interest rate of 5.00% per annum and are
being issued at a price equal to 100% of their face value. The Notes will be
issued by the Company’s wholly-owned subsidiary, CBRE Services, Inc., and
guaranteed by the Company and the subsidiaries that guarantee its senior
secured credit facility, on a full and unconditional basis.

The Company estimates that the net proceeds from the offering will be
approximately $785.2 million, after deducting the underwriters’ discounts and
estimated offering expenses. The Company intends to use the net proceeds from
such offering of the Notes to repay a portion of its outstanding indebtedness
under its senior secured credit facilities.

BofA Merrill Lynch, J.P. Morgan, Credit Suisse, Wells Fargo Securities, HSBC,
Scotiabank, Barclays Capital and RBS are acting as joint book-running managers
for the offering of the Notes.

The Notes are being offered pursuant to an effective shelf registration
statement that the Company previously filed with the Securities and Exchange
Commission (the “SEC”). The offering of the Notes will be made only by means
of a prospectus supplement and accompanying base prospectus, which may be
obtained for free by visiting EDGAR on the SEC’s website at www.sec.gov.
Alternatively, copies may be obtained from: BofA Merrill Lynch, 222 Broadway,
11th Floor, New York, NY 10038, Attention: Prospectus Department, or email:
dg.prospectus_requests@baml.com.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of the Notes, in any
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such
jurisdiction.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act 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 offering of the Notes and the
anticipated use of proceeds therefrom. These forward-looking statements
involve known and unknown risks, uncertainties and other factors discussed in
CBRE Group, Inc.’s filings with the SEC. Any forward-looking statements speak
only as of the date of this press release and, except to the extent required
by applicable securities laws, CBRE Group, Inc. expressly disclaims any
obligation to update or revise any of them to reflect actual results, any
changes in expectations or any change in events. If CBRE Group, Inc. does
update one or more forward-looking statements, no inference should be drawn
that it will make additional updates with respect to those or other
forward-looking statements. For additional information concerning risks,
uncertainties and other factors that may cause actual results to differ from
those anticipated in the forward-looking statements, and risks to CBRE Group
Inc.’s business in general, please refer to its SEC filings, including its
Annual Report on Form 10-K for the fiscal year ended December 31, 2012.

Contact:

CBRE Group, Inc.
Gil Borok
Chief Financial Officer
310.405.8909
or
Nick Kormeluk
Investor Relations
949.809.4308
or
Steve Iaco
Corporate Communications
212.984.6535
 
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