CHICAGO, June 10 /PRNewswire-FirstCall/ -- Jones Lang LaSalle Incorporated
(NYSE: JLL) today announced the pricing of a public offering of 6,500,000
shares of its common stock at a price of $35.00 per share. In connection with
the offering, the Company has granted the underwriters a 30-day option to
purchase up to 975,000 additional shares of common stock to cover
overallotments. Subject to customary conditions, the offering is expected to
close on or about June 16, 2009. Merrill Lynch & Co. is serving as
book-running manager and BMO Capital Markets, ABN AMRO Incorporated and
Barclays Capital are acting as lead managers for the offering.
The Company intends to use the net proceeds from the offering to repay
outstanding indebtedness under its unsecured revolving credit facility and for
general corporate purposes.
The offering is being conducted as a public offering under the Company's shelf
registration statement filed with the Securities and Exchange Commission. Any
offer of securities will be made by means of a prospectus supplement and
accompanying prospectus. When available, copies of the final prospectus
supplement and accompanying prospectus can be obtained by contacting: Merrill
Lynch & Co., Attention: Prospectus Department, 4 World Financial Center, New
York, NY 10080.
This communication shall not constitute an offer to sell or the solicitation
of an offer to buy, nor shall there be any sale of these securities in any
state or other jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state or other jurisdiction.
Safe Harbor Statement
Statements in this press release regarding, among other things, the common
stock offering may be considered forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. Such statements
involve known and unknown risks, uncertainties and other factors which may
cause actual results, performance, achievements, plans and objectives of Jones
Lang LaSalle to be materially different from those expressed or implied by
such forward-looking statements. Factors that could cause actual results to
differ materially include those discussed under "Risk Factors," "Business,"
"Management's Discussion and Analysis of Financial Condition and Results of
Operations," "Quantitative and Qualitative Disclosures about Market Risk," and
elsewhere in Jones Lang LaSalle's Annual Report on Form 10-K for the year
ended December 31, 2008 and in other reports filed with the Securities and
Exchange Commission. There can be no assurance that future dividends will be
declared since the actual declaration of future dividends, and the
establishment of record and payment dates, remains subject to final
determination by the Company's Board of Directors. Statements speak only as of
the date of this release. Jones Lang LaSalle expressly disclaims any
obligation or undertaking to update or revise any forward-looking statements
contained herein to reflect any change in Jones Lang LaSalle's expectations or
results, or any change in events.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE: JLL) is a financial and professional services firm
specializing in real estate. The firm offers integrated real estate and
investment management services on a local, regional and global level to owner,
occupier and investor clients. Jones Lang LaSalle serves clients in 60
countries from 750 locations worldwide, including 180 corporate offices.
SOURCE Jones Lang LaSalle
Lauralee Martin, Chief Operating and Financial Officer, +1-312-228-2073; Gayle
Kantro, Director of Corporate Communications, +1-312-228-2795, both of Jones
Lang LaSalle
