Colliers International Group Inc. announced that it has extended and increased its unsecured multi-currency revolving credit facility for a new five-year term maturing in May 2027. The prior credit facility had a maturity of April 2024. Borrowing capacity under the new Credit Facility has been increased to $1.5 billion, up from $1.0 billion.

Financial covenants under the Credit Facility remain unchanged. The new Credit Facility is sustainability-linked and includes pricing adjustments tied to the achievement of performance targets over time aligned with Colliers' Elevate the Built Environment framework. These targets include: reducing greenhouse gas emissions consistent with the Science-Based Targets initiative (“SBTi”); increasing female representation in management roles and ensuring Colliers-occupied offices obtain the WELL Health-Safety certification.

The new Credit Facility was led by Bank of Montreal and was syndicated to ten additional banks including HSBC Bank, JP Morgan Chase Bank, Mizuho Bank, U.S. Bank, Toronto-Dominion Bank, Bank of America, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Wells Fargo Bank and National Bank of Canada. The Credit Facility ranks pari passu with Colliers' existing privately placed fixed rate senior notes maturing in 2028 and 2031.