Jones Lang Closes $450M LOC

Jones Lang LaSalle Inc., a Chicago-based real estate services firm, has announced the closing of a $450 million, five-year unsecured revolving credit facility.Initial pricing under the new facility, which replaces a $325 million revolving facility, will be 55 basis points above the London interbank offered rate, a reduction of 45 bps, the company reported. Harris Nesbitt acted as lead arranger on the transaction. Jones Lang LaSalle can be found on the Web at http://www.joneslanglasalle.com.