FWP

0001193125-15-281313.txt : 20150806 0001193125-15-281313.hdr.sgml : 20150806 20150806172636 ACCESSION NUMBER: 0001193125-15-281313 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150806 DATE AS OF CHANGE: 20150806 GROUP MEMBERS: CB/TCC GLOBAL HOLDINGS LTD GROUP MEMBERS: CB/TCC HOLDINGS LLC GROUP MEMBERS: CB/TCC, LLC GROUP MEMBERS: CBRE BUSINESS LENDING, INC. GROUP MEMBERS: CBRE CAPITAL MARKETS INC GROUP MEMBERS: CBRE CAPITAL MARKETS OF TEXAS LP GROUP MEMBERS: CBRE CLARION CRA HOLDINGS, INC. GROUP MEMBERS: CBRE CLARION REI HOLDING, INC. GROUP MEMBERS: CBRE CONSULTING INC GROUP MEMBERS: CBRE GLOBAL INVESTORS, INC. GROUP MEMBERS: CBRE GLOBAL INVESTORS, LLC GROUP MEMBERS: CBRE GOVERNMENT SERVICES, LLC GROUP MEMBERS: CBRE LJM MORTGAGE CO LLC GROUP MEMBERS: CBRE LJM NEVADA INC GROUP MEMBERS: CBRE PARTNER, INC. GROUP MEMBERS: CBRE TECHNICAL SERVICES, LLC GROUP MEMBERS: CBRE, INC. GROUP MEMBERS: INSIGNIA ESG CAPITAL CORP GROUP MEMBERS: POLACHECK COMPANY, INC. GROUP MEMBERS: TRAMMELL CROW COMPANY, LLC GROUP MEMBERS: TRAMMELL CROW DEVELOPMENT & INVESTMENT, INC. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CBRE SERVICES, INC. CENTRAL INDEX KEY: 0000852203 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 521616016 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-201126-22 FILM NUMBER: 151034297 BUSINESS ADDRESS: STREET 1: 400 SOUTH HOPE STREET STREET 2: 25TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-613-3333 MAIL ADDRESS: STREET 1: 400 SOUTH HOPE STREET STREET 2: 25TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: CB RICHARD ELLIS SERVICES, INC. DATE OF NAME CHANGE: 20110928 FORMER COMPANY: FORMER CONFORMED NAME: CB RICHARD ELLIS SERVICES INC DATE OF NAME CHANGE: 19980522 FORMER COMPANY: FORMER CONFORMED NAME: CB COMMERCIAL REAL ESTATE SERVICES GROUP INC DATE OF NAME CHANGE: 19980521 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CBRE GROUP, INC. CENTRAL INDEX KEY: 0001138118 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 943391143 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 400 SOUTH HOPE STREET STREET 2: 25TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-613-3333 MAIL ADDRESS: STREET 1: 400 SOUTH HOPE STREET STREET 2: 25TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: CB RICHARD ELLIS GROUP INC DATE OF NAME CHANGE: 20040217 FORMER COMPANY: FORMER CONFORMED NAME: CBRE HOLDING INC DATE OF NAME CHANGE: 20010411 FWP 1 d15176dfwp.htm FWP FWP

Filed Pursuant to Rule 433
File No. 333-201126

Pricing Term Sheet

CBRE Services, Inc.

$600,000,000 4.875% Senior Notes due 2026

August 6, 2015

The following information, filed pursuant to Rule 433, supplements the Preliminary Prospectus Supplement dated August 6, 2015, Registration Statement No. 333-201126


Issuer:		CBRE Services, Inc. (the “Issuer”)

Expected Ratings (Moody’s/S&P):*		Baa3/BBB

Guarantors:		CBRE Group, Inc. and the subsidiaries of the Issuer that guarantee its senior credit facility

Title of Securities:		4.875% Senior Notes due 2026 (the “Notes”)

Principal Amount:		$600,000,000

Trade Date:		August 6, 2015

Settlement Date (T+5):		August 13, 2015

Final Maturity Date:		March 1, 2026

Interest Payment Dates:		March 1 and September 1, commencing March 1, 2016

Record Dates:		February 15 and August 15

Coupon:		4.875%

Benchmark Treasury:		UST 2.125% due May 15, 2025

Benchmark Treasury Price / Yield:		99-06 / 2.218%

Spread to Benchmark Treasury:		+ 275 basis points

Yield to Maturity:		4.968%

Public Offering Price:		99.240% of the principal amount

Net Proceeds to Issuer (before expenses):		$591,540,000

Optional Redemption Provisions:

Make-Whole Premium:		Prior to December 1, 2025, the Issuer will be entitled, at the Issuer’s option, to redeem all or a portion of the Notes at a redemption price equal to the greater of (1) 100% of the principal amount of the Notes to be redeemed and (2) the sum of the present values of the remaining scheduled payments of principal and interest thereon to December 1, 2025 (not including any portions of payments of interest accrued as of the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate (T+45 basis points). In the case of each of clauses (1) and (2), accrued and unpaid interest, if any, will be payable to, but not including, the date of redemption.



Par Call:		From and after December 1, 2025, the Issuer will be entitled, at the Issuer’s option, to redeem all or a portion of the Notes at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but not including, the date of redemption.

CUSIP/ISIN:		12505BAD2 / US12505BAD29

Joint Book-Running Managers:		J.P. Morgan Securities LLC HSBC Securities (USA) Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Wells Fargo Securities, LLC Credit Suisse Securities (USA) LLC Mitsubishi UFJ Securities (USA), Inc. RBS Securities Inc. Scotia Capital (USA) Inc.

Co-Managers:		Santander Investment Securities Inc. BNY Mellon Capital Markets, LLC Mizuho Securities USA Inc. U.S. Bancorp Investments, Inc. ANZ Securities, Inc. PNC Capital Markets LLC

*Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time.

The Issuer has filed a registration statement including a prospectus and a prospectus supplement with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus and prospectus supplement in that registration statement and other documents the Issuer has filed with the SEC for more complete information about the Issuer and this offering. You may obtain these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, copies may be obtained by calling J.P. Morgan Securities LLC collect at 1-212-834-4533, HSBC Securities (USA) Inc. at 1-866-811-8049, Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1-800-294-1322 or by emailing dg.prospectus_requests@baml.com, Wells Fargo Securities, LLC toll free at 1-800-645-3751 or Credit Suisse Securities (USA) LLC at 1-800-221-1037.