Item 1.01 Entry into a Material Definitive Agreement

On July 9, 2021, the Company, CBRE Services, Inc., a subsidiary of the Company ("Services" or the "U.S. Borrower"), CBRE Limited (a subsidiary of Services or, the "U.K. Borrower"), the lenders party thereto, and Credit Suisse AG ("Credit Suisse"), as administrative agent, entered into an Incremental Assumption Agreement (the "Assumption Agreement") with respect to that certain Credit Agreement, dated as of October 31, 2017 (as previously amended, the "Credit Agreement"), among the Company, Services, certain subsidiaries of Services, the lenders party thereto and Credit Suisse, as administrative agent.

The Assumption Agreement was entered into for purposes of increasing the revolving credit commitments (the "Revolving Credit Commitments") available under the Credit Agreement by an aggregate principal amount of $350 million. Such increase is comprised of (i) an increase in Domestic Revolving Credit Commitments (as defined in the Credit Agreement) by an aggregate principal amount of $330 million (bringing the Domestic Revolving Credit Commitments to $2.63 billion in total) and (ii) and an increase of the U.K. Revolving Credit Commitments (as defined in the Credit Agreement) by an aggregate amount of $20 million (bringing the U.K. Revolving Credit Commitments to $320 million in total).

Other Terms

The increased Revolving Credit Commitments are subject to the same terms relating to interest rates, fees, guarantees, mandatory prepayments and covenants that are currently applicable to the Company's existing revolving credit facility under the Credit Agreement prior to giving effect to the Assumption Agreement.

The description of the Assumption Agreement is a summary and is qualified in its entirety by the Assumption Agreement, filed as Exhibit 10.1 to this Current Report on Form 8-K, and incorporated herein by reference.

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 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.

Item 9.01 Financial Statements and Exhibits.




(d) Exhibits



Exhibit
  No.                                    Description

10.1          Incremental Assumption Agreement, dated as of July 9, 2021, among
            CBRE Group, Inc., CBRE Services, Inc., CBRE Limited, the lenders party
            thereto and Credit Suisse AG, Cayman Islands Branch, as administrative
            agent.

104         Cover Page Interactive Data File (embedded within the Inline XBRL
            document).

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