CB Richard Ellis to raise $550M - Pacific Business News (Honolulu):

http://www.hidenseek.me/2010/12/10/choosing-the-right-wood-flooring-for-your-home/
The company will use the proceeds to reduce itssizabl debt. The Los Angeles-based broker planes to offer $400 million in seniof unsubordinated notes in a private It also willsell $100 million in new Class A common stock to investors that include hedge fund Paulsonj & Co. Inc. CB Richard Ellis may raisre another $50 million in periodic publiccstock sales. CB Richard Ellia has $2.4 billion in debt, $310 million of whichh is due next year, according to Bloomberg Much of its debt was incurred throughits $1.9 billio acquisition of Trammell Crow in 2006.
The move by CB Richardx Ellis (NYSE:CBG) follows a similard initiative byOn Tuesday, Jones Lang LaSalle said it planned to raise as much as $200 millionm in a secondary stock offering of 5.5 millionb shares. CB Richard Ellis is the world's largestr commercial real estate servicesa firm andand Hawaii's largesty commercial broker.