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CBRE GROUP, INC. 8-K Report, Regulation FD Disclosure (Oct 31, 2006)

Reports
Regulation FD·Other Events·Exhibits & Filings
Filing Date
Filed October 31, 2006
Period End
October 30, 2006
Security
CBRE
In the record · 2016–202610-K1110-Q328-K149

CBRE filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 149 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’17Mar ’17
  2. Leadership change8-K · Apr ’19Apr ’19
  3. Material agreement8-K · Jul ’21Jul ’21
  4. Leadership change8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed October 31, 2006. Cited figures are marked; the original filing is the authoritative source.

CB Richard Ellis Group, Inc. (CBRE) filed an 8-K report on October 30, 2006, disclosing a significant acquisition and related financing.

The company announced an Agreement and Plan of Merger to acquire Trammell Crow Company (TCC) for $49.51a in cash per share. This acquisition, to be executed through a wholly-owned subsidiary, marks a substantial move to expand CBRE's market presence. To finance this acquisition, CBRE secured a commitment for a new credit facility totaling up to $2.8 billion, comprising senior secured term loan facilities and a senior secured replacement revolving credit facility.

Additionally, CBRE plans to launch a tender offer and consent solicitation for its subsidiary Services' 9-3/4%b Senior Notes due 2010, aiming to amend the associated indenture. The company also scheduled an investor conference call for October 31, 2006, to discuss these developments, with presentation materials furnished as part of this filing.

02—Key points

Key Highlights

  1. CBRE Group, Inc. entered into an Agreement and Plan of Merger to acquire Trammell Crow Company (TCC).
  2. The acquisition price for Trammell Crow Company is set at $49.51 per share in cash.
  3. The acquisition will be conducted via a merger of CBRE's wholly-owned subsidiary, A-2 Acquisition Corp., with and into Trammell Crow Company.
  4. CBRE has secured a commitment for a significant financing package totaling up to $2.8 billion, including term loan and revolving credit facilities.
  5. A tender offer and consent solicitation will be launched for CBRE Services' 9-3/4% Senior Notes due 2010.
  6. The company is holding an investor conference call on October 31, 2006, to discuss the transaction.

03—Questions

Frequently Asked Questions

  1. What is the primary purpose of this 8-K filing for CBRE Group, Inc.?

    The primary purpose of this 8-K filing is to announce CBRE Group, Inc.'s definitive agreement to acquire Trammell Crow Company and to disclose the related financing arrangements and plans.

  2. How much is CBRE Group, Inc. paying for Trammell Crow Company?

    CBRE Group, Inc. is acquiring Trammell Crow Company for $49.51 in cash per share of outstanding common stock.

  3. How is CBRE Group, Inc. financing this acquisition?

    CBRE Group, Inc. has secured a commitment for a new credit facility totaling up to $2.8 billion. This includes senior secured term loan facilities and a senior secured replacement revolving credit facility.

  4. What is the significance of the tender offer and consent solicitation for CBRE Services' Senior Notes?

    CBRE intends to launch a tender offer and consent solicitation for its subsidiary's Senior Notes due 2010 to obtain the necessary consent to amend the terms of the indenture. This is a separate but related event to the acquisition.

04—Continue

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