Company: JLL
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001037976-25-000071
Chunk: 31

Company: JONES LANG LASALLE INC
Filing Date: 2025-11-05
Form: 10-Q
Item: Item 1
Chunk 31
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 as well as the corresponding, and largely offsetting, net change of our Warehouse facilities. This activity, in aggregate, is reflected as net cash flows from operating activities in our Consolidated Statements of Cash Flows.Nine Months Ended September 30,(in millions)20252024Origination of mortgage loans$(8,691.7)(6,130.5)Proceeds from the sales of mortgage loans8,524.7 4,741.5 Net increase in Warehouse facilities165.5 1,390.4 The following table provides details regarding our Warehouse facilities lines of credit.September 30, 2025December 31, 2024($ in millions)Outstanding BalanceMaximum CapacityOutstanding BalanceMaximum CapacityWarehouse facilities:SOFR plus 1.40%, expires September 14, 2026(1)$194.7 700.0 341.3 700.0 SOFR plus 1.30%, expires September 11, 2026(1)214.4 600.0 416.5 2,100.0 SOFR plus 1.40%, expires October 23, 2025(2)507.4 1,100.0 8.8 400.0 Fannie Mae ASAP(3) program, SOFR plus 1.25%91.1 n/a75.3 n/aGross warehouse facilities1,007.6 2,400.0 841.9 3,200.0 Debt issuance costs(1.1)n/a(0.9)n/aTotal warehouse facilities$1,006.5 2,400.0 841.0 3,200.0 (1) Warehouse facility has been amended since prior periods. Refer to our previous filings for specific terms of agreements. (2) In October 2025, we extended the term of the Warehouse facility to October 22, 2026. (3) As Soon As Pooled ("ASAP") funding program

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We have lines of credit established for the sole purpose of funding our Warehouse receivables. These lines of credit exist with financial institutions and are secured by the related Warehouse receivables. Pursuant to these facilities, we are required to comply with certain financial covenants regarding (i) minimum net worth, (ii) minimum servicing-related loans and (iii) minimum adjusted leverage ratios. We remained in compliance with all coven