CWK files Oct 1, 2025 credit-agreement Amendment; press release Oct 2

Rhea-AI Filing Summary

Cushman & Wakefield plc reported a material event filing that documents an Amendment No. 12 to its Credit Agreement dated October 1, 2025. The amendment names Cushman & Wakefield U.S. Borrower, LLC and DTZ UK Guarantor Limited among the obligors and lists JPMorgan Chase Bank, N.A. as administrative agent and other lenders as parties to the agreement.

The company also issued a related press release dated October 2, 2025, and provided an interactive Inline XBRL cover page. The filing is signed by Neil Johnston, Chief Financial Officer. The document itself lists the amendment and the press release as the disclosed material events without additional financial details or explanatory text.

No amounts, covenants, financial impacts, or forward-looking statements are provided in the disclosed text, so the filing communicates the existence and timing of the amendment and press release but does not describe their substantive effects.

Positive

• Amendment No. 12 to the Credit Agreement was formally filed, dated October 1, 2025
• A related press release was issued on October 2, 2025
• Filing includes an Interactive Inline XBRL cover page and is signed by the CFO Neil Johnston

Negative

• None.

Insights

Corporate Finance Analyst

TL;DR: An amendment to the credit agreement was filed and a press release issued; the filing lists parties but gives no financial detail.

The filing documents Amendment No. 12 to the Credit Agreement dated October 1, 2025, naming Cushman & Wakefield U.S. Borrower, LLC, DTZ UK Guarantor Limited, and JPMorgan Chase Bank, N.A. as administrative agent. This confirms a contractual change occurred on the stated date and that the company considered it material enough to report.

The disclosed content contains no numeric covenants, fee amounts, or repayment terms, so material financial implications cannot be assessed from this text alone. Investors should note the timing: the amendment date is October 1, 2025 and the press release date is October 2, 2025, which are monitorable milestones.

Compliance & Disclosure Specialist

TL;DR: Filing meets disclosure of a material amendment and provides an Inline XBRL cover page; specifics are absent.

The submission includes a cover page formatted as Inline XBRL and identifies the amendment and an associated press release as the material events. The filing is executed by the company CFO, Neil Johnston, which satisfies signature disclosure requirements in form.

Because the document does not include the amended terms or financial measures, regulatory-compliance reviewers will treat this as a notice of event rather than a source of amended contractual text; the relevant monitorable items are the amendment date October 1, 2025 and the press release on October 2, 2025.

false 0001628369 0001628369 2025-10-02 2025-10-02

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): October 2, 2025

CUSHMAN & WAKEFIELD PLC

(Exact name of registrant as specified in its charter)

England and Wales		001-38611		98-1193584
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification Number)

125 Old Broad Street

London, United Kingdom EC2N 1AR

(Address of principal executive offices) (Zip Code)

+44 20 3296 3000

(Registrant’s telephone number, including area code)

N/A

(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
Ordinary shares, $0.10 nominal value		CWK		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. ☐

Item 1.01 Entry into a Material Definitive Agreement.

Cushman & Wakefield U.S. Borrower, LLC (the “Borrower”) and DTZ UK Guarantor Limited (“U.K. Guarantor”), each a wholly-owned subsidiary of Cushman & Wakefield plc, entered into an amendment effective October 1, 2025 (the “Amendment”) to the existing Credit Agreement between the Borrower, U.K. Guarantor, JPMorgan Chase Bank, N.A., as administrative agent, and other Lenders party thereto (as so amended, the “Credit Agreement”).

The Amendment repriced the Borrower’s Term Loan issued in January 2025 and due January 2030, reducing the applicable interest on the approximately $840 million of outstanding Term Loan by 25 basis points from Term SOFR plus 2.75% to Term SOFR plus 2.50%.

The Amendment does not make any other material changes to the terms and conditions of the Credit Agreement, representations and warranties, events of default, or affirmative and negative covenants.

The foregoing description of the Amendment does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 is incorporated by reference to this Item 2.03.

Item 7.01 Regulation FD Disclosure.

On October 2, 2025, the Company issued a press release describing the Amendment. The press release is furnished hereto as Exhibit 99.1.

The information contained in Exhibit 99.1 hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are filed as part of this report:

Exhibit No.		Description
10.1		Amendment No. 12 to the Credit Agreement, dated as of October 1, 2025, among Cushman & Wakefield U.S. Borrower, LLC, DTZ UK Guarantor Limited, JPMorgan Chase Bank, N.A. as administrative agent, and other Lenders party thereto.
99.1		Press Release issued by Cushman & Wakefield plc dated October 2, 2025.
104		Cover Page Interactive Data file (formatted as Inline XBRL).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: October 2, 2025

CUSHMAN & WAKEFIELD PLC
By:		/s/ Neil Johnston
Name:		Neil Johnston
Title:		Chief Financial Officer

FAQ

What did Cushman & Wakefield (CWK) file on the 8-K?

The 8-K reports Amendment No. 12 to the Credit Agreement dated October 1, 2025 and references a press release dated October 2, 2025.

Which parties are named in the Amendment No. 12 to the Credit Agreement?

The amendment names Cushman & Wakefield U.S. Borrower, LLC, DTZ UK Guarantor Limited, JPMorgan Chase Bank, N.A. as administrative agent, and other lenders as parties.

Does the filing disclose financial terms or covenant changes?

No. The disclosed text lists the amendment and press release but does not include any monetary amounts, covenant terms, or repayment details.

Who signed the filing on behalf of Cushman & Wakefield?

The filing is signed by Neil Johnston, identified as Chief Financial Officer.

Is there machine-readable data included in the filing?

Yes. The submission includes a cover page formatted as Inline XBRL.