CB Richard Ellis (CBG) To Sell Up to $300M In Stock In ATM Offering
After the close, CB Richard Ellis Group, Inc. (NYSE: CBG) announced plans to sell shares of its Class A common stock, having an aggregate offering price of up to $300 million, from time to time, pursuant to an at-the-market offering program through BofA Merrill Lynch, as sales agent and/or principal.
The Company intends to use the net proceeds from the offering for general corporate purposes, which may include repayment of a portion of its outstanding indebtedness under its senior secured credit agreement.
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