By Ben Glickman
Shares of Jones Lang LaSalle rose Friday as the commercial real-estate company announced a renewed credit facility.
The stock was up 8.6%, to $151.50, in afternoon trading. Shares are down 4.9% this year.
Chicago-based JLL said Friday it now has $3.3 billion in borrowing capacity under its agreement. The company also has pushed out the maturity on the facility to November 2028 from April 2026.
It said the agreement continued to feature incentives tied to sustainability goals such as reducing greenhouse gas emissions and obtaining sustainability certifications.
The company said early Thursday that third-quarter profit and revenue sank due to the ongoing commercial real-estate slump.
Write to Ben Glickman at ben.glickman@wsj.com
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