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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of report (Date of earliest event reported): June 8, 2007
JONES LANG LASALLE INCORPORATED
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(Exact name of registrant as specified in its charter)
Maryland 001-13145 36-4150422
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(State or other juris- (Commission File (IRS Employer
diction of incorporation) Number) Identification
No.)
200 East Randolph Drive, Chicago, IL 60601
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (312) 782-5800
Not Applicable
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On June 6, 2007, Jones Lang LaSalle Incorporated (the "Company"),
closed on its Amended and Restated Multicurrency Credit Agreement, dated as
of June 6, 2007 among Jones Lang LaSalle Finance B.V., a subsidiary of the
Company, the Company and certain of its other subsidiaries, as guarantors,
the banks party thereto, and Bank of Montreal, as Administrative Agent (the
"Credit Agreement").
The Credit Agreement is the Company's unsecured revolving credit
facility for working capital, investments and other general corporate
purposes. The amendment and restatement increased the limit of the
facility from $450.00 million to $575.00 million and extended the term to
June 6, 2012. Initial pricing under the amended facility is expected to
begin at LIBOR + 0.475% compared to previous pricing of LIBOR + 0.55%.
Under the Agreement, the Company has the authority to borrow up to an
additional $100.00 million under local facilities. In addition, certain of
the covenants contained in the Agreement, were modified to provide the
Company with more operating flexibility. Specifically, leverage ratio
increased to 3.50x from 3.25x.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
The following Exhibit is included with this Report:
99.1 Amended and Restated Multicurrency Credit Agreement,
dated as of June 6, 2007
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The forward-looking statements contained in this report are based on
current expectations, estimates, projections and assumptions made by
management. While the Company's management believes the assumptions
underlying its forward-looking statements are reasonable, such information
is subject to uncertainties and may involve certain risks, many of which
are difficult to predict and beyond management's control. As such, these
statements are not guarantees of future performance, results or events.
The Company assumes no obligation to update or supplement forward-looking
statements that become untrue because of subsequent events.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
each registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date: June 8, 2007 JONES LANG LASALLE INCORPORATED
By: /s/ Gordon G. Repp
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Name: Gordon G. Repp
Its: Assistant Secretary
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EXHIBIT INDEX
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EXHIBIT NO. DESCRIPTION
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99.1 Amended and Restated Multicurrency Credit Agreement,
dated as of June 6, 2007
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