CB Richard Ellis (CBG) To Sell Up to $300M In Stock In ATM Offering
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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.
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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