Reported Earlier, Jones Lang LaSalle Unveils $2.5B Commercial Paper Initiative for Corporate Flexibility
Portfolio Pulse from Benzinga Newsdesk
Jones Lang LaSalle Incorporated (NYSE:JLL) has announced a $2.5 billion commercial paper program to enhance corporate flexibility and strengthen its balance sheet. The program will provide short-term capital for general corporate purposes, including repayment of existing borrowings.
July 02, 2024 | 7:09 am
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Jones Lang LaSalle (NYSE:JLL) has launched a $2.5 billion commercial paper program to provide short-term capital and diversify its balance sheet. This move follows recent credit facility renewals and public bond issuances, indicating a strategic effort to strengthen financial flexibility.
The introduction of a $2.5 billion commercial paper program by JLL is a significant step to enhance its financial flexibility and strengthen its balance sheet. This move is likely to be viewed positively by investors as it provides additional short-term capital and diversifies the company's funding sources.
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