Colliers International completes US$700 million revolving credit facility
On January 18, 2017, Colliers International Group Inc. ("Colliers International") announced that it expanded and extended its multi-currency revolving credit facility. Borrowing capacity has been expanded to US$700 million, from US$525 million, and the maturity date extended to January 2022 from June 2020. The new unsecured facility reflects Colliers' proven long-term growth strategy, increased scale, geographic and service line diversification, high level of insider ownership, and investment-grade balance sheet.
TD Securities acted as lead arranger for the financing. The Toronto-Dominion Bank acted as administration agent. HSBC Bank and Bank of Montreal acted as syndication agents while JP Morgan Chase Bank, The Bank of Nova Scotia and U.S. Bank acted as documentation agents. Additional bank participants include Royal Bank of Canada, Bank of America, Canadian Imperial Bank of Commerce, National Bank of Canada, and Wells Fargo Bank.
Colliers International is an industry leading global real estate services company with more than 16,000 skilled professionals operating in 66 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.
Further information can be found on Colliers' website.