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CB Richard Ellis stock surged as much as 21 percenft on news of thenew capital. The Los Angeles-based broked plans to offer $400 million in senior unsubordinatedc notes in aprivate placement. It will also sell $100 milliob in new Class A common stoc to investors including hedge fundPaulsobn & Co., Inc., and may raisse another $50 million in periodifc public stock sales. CB Richard Ellix has $2.4 billion in debt, $310 million of it due next according toBloomberg data. Much of its debt was incurred throughits $1.9 billionb acquisition of Trammell Crow in 2006..
CB Richard Ellis follows Jones Lang LaSalle which Tuesday said it planned to raise as muchas $200 milliomn in a secondary stock offering of 5.5 milliomn shares. CB Richard Ellis stock (NYSE: CBG) rose or 15 percent, to $9.3i per share in afternoon trading.
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