cbre group inc cbre disclosed the pricing of a 1 billion senior notes offering due in 2034 the notes priced at 98174 of their face value have an interest rate of 5950 per annum cbre expects to settle the note on june 23 2023 upon satisfactory customary closing conditions the company projects net proceeds of around 973 million from the offering after deducting the underwriters discounts and estimated offering expenses cbre plans to use the proceeds for outstanding debt repayments and other corporate purposes in april cbre reported q1 2023 revenues of 741 billion beating the consensus of 709 billion and core eps of 092 surpassing the consensus of 086 as of march 31 2023 cbre had total liquidity of around 37 billion comprising around 12 billion of cash and approximately 25 billion under its revolving credit facilities net of any outstanding letters of credit the net leverage ratio was 056x as of march 31 2023 vs the companys primary debt covenant of 425x price action cbre shares closed lower by 112 at 7694 on tuesday