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| JLL > SEC Filings for JLL > Form 8-K on 19-Dec-2008 | All Recent SEC Filings |
19-Dec-2008
Entry into a Material Definitive Agreement, Financial Statements and Exhib
On December 19, 2008, the Company, proactively executed each of (i) a second amendment (the "Multicurrency Agreement Amendment") to its Amended and Restated Multicurrency Credit Agreement and (ii) a first amendment (the "Term Loan Amendment") to its Term Loan Agreement, both among Jones Lang LaSalle Finance B.V., a subsidiary of the Company, the Company and certain of its other subsidiaries, as guarantors, the banks party thereto, and Bank of Montreal, as Administrative Agent and BMO Capital Markets and Bank of America NA as co-lead arrangers on the amendments. Both the Multicurrency Agreement Amendment and Term Loan Amendment, among other things, (i) increase the maximum allowable Leverage Ratio from 3.25X to 3.50X through September 2009; (ii) provide additions to Adjusted EBITDA for certain non- recurring charges; (iii) adjust certain other definitions in the agreements; and (iv) adjust the initial pricing to be LIBOR + 3.00 percent.
The maturity of both agreements remains June 2012.
(c) Exhibits
The following Exhibits are included with this Report:
99.1 Second Amendment dated as of December 19, 2008 to Amended and Restated Multicurrency Credit Agreement
99.2 First Amendment dated as of December 19, 2008 to Term Loan Agreement
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