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CBRE GROUP, INC. 8-K Report, Corporate Update (Nov 12, 2009)

Reports
Other Events·Exhibits & Filings
Filing Date
Filed November 12, 2009
Period End
November 10, 2009
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 November 12, 2009. Cited figures are marked; the original filing is the authoritative source.

CB Richard Ellis Group, Inc. (CBRE) has filed an 8-K report announcing the successful completion of an "at-the-market" public stock offering program initiated on November 3, 2009.

The offering, which concluded on November 11, 2009, resulted in the sale of approximately 28.3 million shares of Class A common stock. This program generated aggregate gross proceeds of approximately $300 milliona. This event is significant for investors as it indicates the company's ability to raise substantial capital in the public markets during a challenging economic period.

The proceeds from this offering are expected to bolster the company's financial position, potentially for general corporate purposes or strategic initiatives. Investors should monitor how these funds are utilized to understand their impact on future growth and profitability.

02—Key points

Key Highlights

  1. CBRE completed an "at-the-market" public stock offering, raising approximately $300 million in gross proceeds.
  2. A total of 28,289,960 shares of Class A common stock were sold.
  3. The offering was conducted through open market trading and direct placements.
  4. Merrill Lynch, Pierce, Fenner & Smith Incorporated acted as the sales agent for the offering.
  5. The company announced the completion of the offering via a press release dated November 11, 2009.
  6. The earliest event reported is November 10, 2009, with the filing date being November 11, 2009.
  7. The funds raised are intended for general corporate purposes, though specific uses are not detailed in this filing.

03—Questions

Frequently Asked Questions

  1. What was the primary purpose of this Form 8-K filing?

    This Form 8-K was filed to announce the completion of CB Richard Ellis Group, Inc.'s at-the-market public stock offering, which successfully raised approximately $300 million.

  2. How much capital did CBRE raise through this offering?

    CBRE raised approximately $300 million in gross proceeds by selling 28,289,960 shares of its Class A common stock.

  3. What is an "at-the-market" offering, and why might a company use it?

    An "at-the-market" offering allows a company to sell shares of its stock on public exchanges over a period of time at prevailing market prices. Companies often use this method to raise capital opportunistically without significantly impacting the stock price, especially during periods of market volatility or when they need to access funds efficiently.

  4. What does the company intend to do with the $300 million raised?

    The filing indicates the proceeds are for general corporate purposes. Investors should refer to subsequent SEC filings for potential details on how these funds are deployed, which could include acquisitions, debt reduction, or other strategic investments.

04—Continue

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