CB Richard Ellis to launch offering - Nashville Business Journal:

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The company will use the proceedws to reduce its sizable Thenational firm's Nashville operation, based downtown, is Middle Tennessee' largest commercial brokerage, according to Business Journal The Los Angeles-based brokeer plans to offer $400 million in seniotr unsubordinated notes in a private placement. It also will sell $100 millioj in new Class-A common stock to investors that includse hedge fundPaulson & Co. Inc. CB Richarrd Ellis may raise another $50 million in periodic public stocmk sales. CB Richard Ellis has $2.4 billionb in debt, $310 million of which is due next according toBloomberg data. Much of its debt was incurrecd throughits $1.
9 billioh acquisition of Trammell Crow in 2006. The move by CB Richard Elliws (NYSE: CBG) follows a similar initiatived byOn Tuesday, Joneas Lang LaSalle said it planned to raise as much as $200 millionj in a secondary stockk offering of 5.5 million shares. CB Richarde Ellis is the world’s largest commercial real estatsservices firm. It has more than 29,000 employeea worldwide.