03:41 AM EDT, 07/02/2024 (MT Newswires) -- Jones Lang LaSalle ( JLL ) said Monday it has launched a new program that will allow it to issue up to $2.5 billion of short-term, unsecured, and unsubordinated commercial paper.

The program will provide the real estate investment management firm with short-term capital to diversify its balance sheet, the firm said. It added that it will use the net proceeds from the offering for general corporate purposes that include the repayment of outstanding debt.