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| 8-K - FORM 8-K DEBT ISSUANCE - JONES LANG LASALLE INC | debtissuance2017.htm |
News Release
JLL Issues €350 Million of Senior Unsecured Notes
Reinforces strong financial profile with the Euro-denominated issuance of 1.96% notes
due 2027 and 2.21% notes due 2029
CHICAGO, June 29, 2017 – Jones Lang LaSalle Incorporated (NYSE: JLL) today announced that it
strengthened its solid financial position by issuing an aggregate principal amount of €350 million of
Senior Unsecured Notes. The private debt issuance included €175 million of 1.96%, 10-year notes due
2027 and €175 million of 2.21%, 12-year notes due 2029. JLL intends to use the net proceeds from the
offering for general corporate purposes and to reduce the outstanding borrowings under its revolving
credit facility.
“We took advantage of the attractive interest rate environment to extend our debt maturities and increase
our fixed-debt profile,” said Christie B. Kelly, Chief Financial Officer of JLL. “This private placement
aligns funding with our European business mix and furthers our commitment to financial strength and
investment-grade ratings for the long-term benefit of our clients and investors.”
The notes offered in the private placement have not been registered under the Securities Act of 1933, as
amended, or state securities laws. They may not be offered or sold in the United States absent
registration with the U.S. Securities and Exchange Commission or an applicable exemption from such
registration requirements.
This news release is for informational purposes only and does not constitute an offer to sell or a
solicitation of an offer to buy the notes described in this news release, nor shall there be any sale of the
notes in any state or jurisdiction in which such an offer, sale or solicitation would be unlawful prior to
registration or qualification under the securities laws of such jurisdiction.
- ends -
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment
management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve
their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on
behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales
acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of
2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of
more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real
estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang
LaSalle Incorporated. For further information, visit www.jll.com.
Connect with us
Contact: Gayle Kantro
Phone: +1 312 228 2795
Email: Gayle.Kantro@am.jll.com
FORWARD-LOOKING STATEMENTS
Statements in this news release regarding, among other things, future financial results and performance,
achievements, plans and objectives, and dividend payments may be considered forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements
involve known and unknown risks, uncertainties, and other factors which may cause our actual results,
performance, achievements, plans and objectives, and dividend payments to be materially different from
those expressed or implied by such forward-looking statements. For additional information concerning
risks, uncertainties, and other factors that could cause actual results to differ materially from those
anticipated in forward-looking statements, and risks to our business in general, please refer to those
factors discussed under “Business,” “Management’s Discussion and Analysis of Financial Condition and
Results of Operations,” “Quantitative and Qualitative Disclosures about Market Risk,” and elsewhere in
our Annual Report on Form 10-K for the year ended December 31, 2016, in our Quarterly Report on
Form 10-Q for the quarter ended March 31, 2017, and in other reports filed with the Securities and
Exchange Commission (the “SEC”). There can be no assurance that future dividends will be declared
since the actual declaration of future dividends, and the establishment of record and payment dates,
remains subject to final determination by our Board of Directors. Any forward-looking statements speak
only as of the date of this release, and except to the extent required by applicable securities laws, we
expressly disclaim any obligation or undertaking to publicly update or revise any forward-looking
statements contained herein to reflect any change in our expectations or results, or any change in
events.