CB Richard Ellis offering aims to raise $550M - Atlanta Business Chronicle:

http://www.speak-voices.com/2000/soundinfofiles.html
The company will use the proceeds to reduce itssizable debt. The Los Angeles-baseds broker plans to offerf $400 million in senior unsubordinated notes in a private It also willsell $100 million in new Class A commonb stock to investors that include hedgre fund Paulson & Co. Inc. CB Richarcd Ellis may raise another $50 million in periodic publicstock sales. CB Richard Ellis has $2.4 billion in $310 million of which is due next year, accordinhg to Bloomberg data. Much of its debt was incurrer throughits $1.9 billion acquisition of Trammell Crow in 2006.
The move by CB Richardr Ellis (NYSE:CBG) follows a similar initiative by On Jones LangLaSalle (NYSE: JLL) said it plannedr to raise as much as $200 million in a secondary stoco offering of 5.5 million shares. CB Richarfd Ellis is the world’s largest commercialo real estateservices firm. It has more than 29,000 employeexs worldwide. The Kansas City Business Journal ranke d CB Richard Ellis asthe area’s fourthg most-active commercial real estate company, basee on 371 local transactions closed in 2008. It was No. 6 amonbg the area’s largest commercial real estate companies, with 27 locall agents at the time the list was publisheein February.