CHICAGO, Nov. 8, 2023
/PRNewswire/ -- Jones Lang LaSalle Incorporated (NYSE: JLL)
("JLL" or the "Company") today announced that it has priced an
underwritten public offering (the "Offering") of $400.0 million aggregate principal amount of
6.875% Senior Notes due 2028 (the "Notes"). The Company expects
that the closing of the Offering will occur on November 13, 2023, subject to the satisfaction of
customary closing conditions.
JLL expects to use the net proceeds of the Offering for general
corporate purposes, including the repayment of outstanding
borrowings under its existing credit facility.
Wells Fargo Securities, LLC, J.P. Morgan Securities LLC, BofA
Securities, Inc., BMO Capital Markets Corp., and HSBC Securities
(USA) Inc. are acting as joint
book-running managers for the Offering. Barclays Capital Inc.,
NatWest Markets Plc, PNC Capital Markets LLC, ING Financial Markets
LLC, U.S. Bancorp Investments, Inc., ANZ Securities, Inc., Capital
One Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank
Securities Inc., SG Americas Securities, LLC and Standard Chartered
Bank are acting as co-managers for the Offering.
The Offering of the Notes is being made pursuant to an effective
shelf registration statement (including a prospectus and
preliminary prospectus supplement) (File No. 333-274557) filed with
the U.S. Securities and Exchange Commission (the "SEC"). These
documents are available at no charge by visiting EDGAR on the SEC
website at www.sec.gov. Alternatively, JLL, any underwriter or
any dealer participating in the Offering will arrange to send the
prospectus and the preliminary prospectus supplement (or, when
available, the prospectus supplement) if requested by contacting
JLL Investor Relations or Wells Fargo Securities, LLC, Attn: WFS
Customer Service, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, by email at
wfscustomerservice@wellsfargo.com, or by telephone at
1-800-645-3751; J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus
Department, or by telephone at 1-866-803-9204; BofA
Securities, Inc., NC1-022-02-25, 201 North Tryon Street,
Charlotte, NC 28255-0001, Attn:
Prospectus Department, or by email at
dg.prospectus_requests@bofa.com, or by telephone at 1-800-294-1322;
BMO Capital Markets Corp., 151 West 42nd Street, New York, NY 10036, Attn: Debt Capital Markets
Syndicate, or by email at IGSyndicate@bmo.com, or by telephone at
1-866-864-7760; or HSBC Securities (USA) Inc., Attn: Transaction Management Group,
452 Fifth Avenue, New York, NY
10018, or by telephone at 1-866-811-8049.
This press release shall not constitute an offer to sell or
purchase, or a solicitation of an offer to sell or purchase, the
Notes or any other security. No offer, solicitation, purchase or
sale will be made in any jurisdiction in which such an offer,
solicitation or sale would be unlawful.
Cautionary Note Regarding Forward-Looking Statements
This press release 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. You can generally identify forward-looking statements by
the use of forward-looking terminology such as "believe," "will,"
"may," "could," "project," "expect," "estimate," "assume,"
"intend," "anticipate," "target," "plan" and other words and terms
of similar meaning and expression in connection with any discussion
of future operating or financial performance, although not all
forward-looking statements contain such terms. All statements that
are not statements of historical facts are, or may be deemed to be,
forward-looking statements. These statements are likely to relate
to, among other things, statements about the expected timing of
completion of the Offering and the intended use of proceeds from
the proposed Offering and are based on current expectations and
involve inherent risks and uncertainties, including factors that
could delay, divert or change any of them, and could cause actual
outcomes to differ materially from current expectations. No
forward-looking statement can be guaranteed. Forward-looking
statements in this press release should be evaluated together with
the many risks and uncertainties that affect JLL's business and
market, particularly those identified in the cautionary statement
and risk factors discussion in the prospectus, preliminary
prospectus supplement, prospectus supplement and JLL's Annual
Report on Form 10-K for the year ended December 31, 2022, as updated by JLL's subsequent
Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and
other filings with the SEC. The forward-looking statements included
in this press release are made only as of the date of this document
and except as otherwise required by applicable law, JLL undertakes
no obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events,
changed circumstances or otherwise.
About JLL
For over 200 years, JLL (NYSE: JLL), a
leading global commercial real estate and investment management
company, has helped clients buy, build, occupy, manage and invest
in a variety of commercial, industrial, hotel, residential and
retail properties. A Fortune 500® company with annual revenue
of $20.9 billion and operations in
over 80 countries around the world, our more than 105,000 employees
bring the power of a global platform combined with local expertise.
Driven by our purpose to shape the future of real estate for a
better world, we help our clients, people and communities SEE A
BRIGHTER WAYSM. JLL is the brand name, and a registered
trademark, of Jones Lang LaSalle Incorporated.
For more information:
JLL Investor Relations
Phone: 1-312-252-8943
Email: JLLInvestorRelations@jll.com
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SOURCE JLL-IR