Colliers announces $250 million increase to Credit Facility
April 28 2023 - 2:45PM
Colliers International Group Inc. (TSX and NASDAQ: CIGI)
("Colliers") announced today that it has increased the total
commitments under its unsecured multi-currency revolving credit
facility maturing May 2027 (the “Credit Facility”) by US$250
million, resulting in total borrowing capacity of US$1.75 billion.
The cost of borrowing, maturity date, and financial covenants
remain unchanged.
The Credit Facility is led by Bank of Montreal
and is syndicated to 10 major Canadian, US and international banks.
The Credit Facility ranks pari passu with Colliers’ existing
privately placed fixed rate senior notes maturing in 2028 and
2031.
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading
diversified professional services and investment management
company. With operations in 65 countries, our 18,000 enterprising
professionals work collaboratively to provide expert real estate
and investment advice to clients. For more than 28 years, our
experienced leadership with significant inside ownership has
delivered compound annual investment returns of approximately 20%
for shareholders. With annual revenues of $4.5 billion and $98
billion of assets under management, Colliers maximizes the
potential of property and real assets to accelerate the success of
our clients, our investors, and our people. Learn more
at corporate.colliers.com,
Twitter @Colliers or LinkedIn.
COMPANY CONTACT:
Christian MayerChief Financial Officer(416)
960-9500
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