CBRE Group (NYSE: CBRE) prices $750M 5.250% senior notes due 2036

Rhea-AI Filing Summary

CBRE Group, Inc. entered into an underwriting agreement to issue and sell $750,000,000 aggregate principal amount of 5.250% Senior Notes due 2036. The notes are being offered under an existing shelf registration and related prospectus supplement dated April 27, 2026.

The sale is expected to close on May 4, 2026, subject to customary closing conditions. CBRE intends to use the net proceeds to repay borrowings under its commercial paper program, effectively terming out a portion of its short‑term debt with longer‑dated fixed-rate financing.

Insights

Credit and capital-structure analyst

CBRE refinances short-term borrowings with $750M 10-year notes.

CBRE Group, Inc. is issuing $750,000,000 of 5.250% Senior Notes due 2036 under an underwriting agreement with several major banks. The notes are issued off an existing shelf registration and are expected to close on May 4, 2026, subject to customary conditions.

The company intends to use the net proceeds to repay borrowings under its commercial paper program. That shifts funding from short-term commercial paper to longer-term fixed-rate debt, reducing refinancing frequency but at a stated coupon of 5.250%. Overall leverage impact depends on existing debt levels, which are not detailed here.

The use of proceeds makes this primarily a liability-structure move rather than new-money growth financing. Future filings, including the Form 10-Q or 10-K for periods after May 4, 2026, will show how interest expense and the commercial paper balance change after this transaction.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Senior notes principal: $750,000,000 aggregate principal amount Coupon rate: 5.250% fixed interest rate Maturity year: 2036 +1 more

4 metrics

Senior notes principal $750,000,000 aggregate principal amount 5.250% Senior Notes due 2036

Coupon rate 5.250% fixed interest rate Senior Notes due 2036

Maturity year 2036 Senior Notes maturity

Issue date May 4, 2026 Expected closing of notes offering

Key Terms

underwriting agreement, aggregate principal amount, Senior Notes, prospectus supplement, +1 more

5 terms

underwriting agreement financial

"entered into an underwriting agreement (the “Underwriting Agreement”) with Wells Fargo Securities, LLC"

An underwriting agreement is a contract where a company selling new stocks or bonds hires financial firms to buy those securities and resell them to investors. It matters because the agreement sets the offering price, number of securities, fees and which party bears the risk if sales fall short—think of it as a promise that the sale will happen and a roadmap investors can use to understand how the new securities reach the market.

aggregate principal amount financial

"issuance and sale of $750,000,000 aggregate principal amount of 5.250% Senior Notes"

The aggregate principal amount is the total amount of money borrowed through a bond or loan that the borrower promises to repay. It’s like the original price tag on a loan or bond, showing how much money is involved in the deal. This number matters because it indicates the size of the debt and helps investors understand the scale of the borrowing.

Senior Notes financial

"5.250% Senior Notes due 2036 (the “Notes”)"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

prospectus supplement financial

"as supplemented by the prospectus supplement, dated April 27, 2026"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

commercial paper program financial

"use the net proceeds from this offering to repay borrowings under its commercial paper program"

A commercial paper program is a formal way a company issues very short-term IOUs to raise quick cash, typically for days to months, without using a bank loan. Investors care because it shows how the company manages short-term funding and how trustworthy it appears—like watching whether someone keeps using and repaying a credit card; frequent use or higher costs can signal cash strain, while smooth issuance suggests healthy liquidity.

Understanding 8-K Material Events →

false000113811800011381182026-04-272026-04-27

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 27, 2026

CBRE GROUP, INC.

(Exact name of Registrant as Specified in Its Charter)

Delaware	001-32205	94-3391143
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)
2121 North Pearl Street Suite 300 Dallas, Texas		75201
(Address of Principal Executive Offices)		(Zip Code)

(214) 979-6100

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock, $0.01 par value per share		“CBRE”		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

This Current Report on Form 8-K is filed by CBRE Group, Inc., a Delaware corporation (the “Company”), in connection with the matters described herein.

Item 1.01 Entry into a Material Definitive Agreement.

On April 27, 2026, the Company and CBRE Services, Inc. (“Services”), a Delaware corporation and wholly-owned subsidiary of the Company, entered into an underwriting agreement (the “Underwriting Agreement”) with Wells Fargo Securities, LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and Scotia Capital (USA) Inc. on behalf of the several underwriters listed in Schedule A thereto, providing for the issuance and sale of $750,000,000 aggregate principal amount of 5.250% Senior Notes due 2036 (the “Notes”).

The Notes were offered pursuant to the Company’s Registration Statement on Form S-3 (File No. 333-276141) filed with the Securities and Exchange Commission (the “SEC”), as supplemented by the prospectus supplement, dated April 27, 2026. The closing of the sale of the Notes is expected to occur on May 4, 2026 (the “Issue Date”), subject to customary closing conditions.

The Company intends to use the net proceeds from this offering to repay borrowings under its commercial paper program.

The foregoing description of the Underwriting Agreement is not complete and is qualified in its entirety by reference to the complete text of the Underwriting Agreement, attached as Exhibit 1.1 hereto.

The underwriters and their affiliates have in the past provided and from time to time in the future may provide the Company and its affiliates with certain commercial banking, financial advisory, investment banking and other services in the ordinary course of business, for which they have received and may receive customary payments of interest, fees and commissions.

Item 9.01 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 April 27, 2026, among CBRE Group, Inc., CBRE Services, Inc. and Wells Fargo Securities, LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and Scotia Capital (USA) Inc., for themselves and on behalf of the several underwriters listed therein.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

“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 closing of the sale of the Notes, the use of proceeds from the offering of the Notes and future transactions between the Company and its affiliates and the underwriters and their respective affiliates. These forward-looking statements involve known and unknown risks, uncertainties and other factors discussed in the Company’s filings with the SEC. Any forward-looking statements speak only as of the date of this current report and, except to the extent required by applicable securities laws, the Company 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 the Company 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 the Company’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, 2025.

SIGNATURE

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: April 28, 2026				CBRE GROUP, INC.
				By:		/s/ EMMA E. GIAMARTINO
						Emma E. Giamartino
						Chief Financial Officer and Chief Investment Officer

FAQ

What debt securities is CBRE (CBRE) issuing in this 8-K?

CBRE is issuing $750,000,000 aggregate principal amount of 5.250% Senior Notes due 2036. These fixed-rate notes are being sold under an underwriting agreement and offered pursuant to CBRE’s existing shelf registration and related prospectus supplement dated April 27, 2026.

What will CBRE (CBRE) do with the $750 million senior notes proceeds?

CBRE intends to use the net proceeds from its $750,000,000 5.250% Senior Notes due 2036 to repay borrowings under its commercial paper program. This shifts a portion of its funding from short-term commercial paper to longer-term fixed-rate debt maturing in 2036.

When is the closing date for CBRE’s new 5.250% Senior Notes due 2036?

The closing of the sale of CBRE’s 5.250% Senior Notes due 2036 is expected to occur on May 4, 2026, referred to as the Issue Date. Completion is subject to customary closing conditions specified in the underwriting agreement.

Which banks are underwriting CBRE’s $750 million senior notes offering?

The underwriting agreement for CBRE’s $750,000,000 5.250% Senior Notes due 2036 is with Wells Fargo Securities, BofA Securities, Citigroup Global Markets, and Scotia Capital (USA), acting on behalf of the several underwriters listed in Schedule A to the agreement.

Under which registration statement is CBRE offering the 5.250% Senior Notes?

CBRE is offering the 5.250% Senior Notes due 2036 under its Registration Statement on Form S-3 (File No. 333-276141), as supplemented by a prospectus supplement dated April 27, 2026 filed with the U.S. Securities and Exchange Commission.

Filing Exhibits & Attachments

2 documents

Other Documents

• EX-1.1 EX-1.1 340.5 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 32.3 KB