JLL Launches $2.5 Billion Commercial Paper Program to Strengthen Balance Sheet

Jones Lang LaSalle Incorporated (JLL), a leading global commercial real estate and investment management company, has announced the establishment of its inaugural commercial paper program. This program will allow JLL, through one of its wholly-owned subsidiaries, to issue up to $2.5 billion of short-term, unsecured, and unsubordinated commercial paper notes.

The commercial paper program is part of JLL’s strategy to strengthen its balance sheet, following its successful credit facility renewal and public bond issuance announcements in 2023. By diversifying its balance sheet and accessing short-term capital through this program, JLL aims to further enhance its financial position.

The proceeds from the issuance of the commercial paper notes, also known as the “Notes,” will be utilized for general corporate purposes, including the repayment of outstanding borrowings under JLL’s existing credit facility. This move will provide JLL with additional flexibility and liquidity to support its ongoing operations and growth initiatives.

The Notes will be sold in the U.S. commercial paper market under customary market terms. They will be issued by Jones Lang LaSalle Finance B.V., a wholly-owned subsidiary of JLL, and fully and unconditionally guaranteed by the Company. It’s important to note that the Notes and the Guarantee offered under the commercial paper program have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without proper registration or an applicable exemption.

JLL’s decision to establish the commercial paper program reflects its commitment to maintaining a strong financial position and capitalizing on market opportunities. The Company’s forward-looking approach is driven by its purpose to shape the future of real estate for a better world.

With over 200 years of experience, JLL has established itself as a trusted partner for clients looking to buy, build, occupy, manage, and invest in various commercial, industrial, hotel, residential, and retail properties. As a Fortune 500 company operating in more than 80 countries, JLL combines global reach with local expertise to deliver exceptional results.

For more information about JLL’s commercial paper program, interested parties can contact JLL Investor Relations at 1-312-252-8943 or via email at JLLInvestorRelations@jll.com.

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