Colliers Extends Maturity and Enhances Flexibility of its US$2.25 Billion Credit Facility

Executive Summary

• Colliers amended its US$2.25 billion revolving credit facility, extending maturity to February 2031 and adding a US$250 million accordion feature.
• The amendment provides enhanced long‑term financial flexibility to support the company’s acquisition strategy and internal growth initiatives.
• Sustainability‑linked pricing metrics were extended, reinforcing Colliers’ commitment to its ESG goals.

Key Details

• Facility Size: Remains at US$2.25 billion total committed amount.
• Accordion Feature: New optional borrowing capacity of up to US$250 million.
• Maturity Extension: Original maturity pushed out to February 2031, giving an additional five‑year horizon.
• Purpose: To fund ongoing acquisition program and internal growth initiatives across Colliers’ three business lines (Commercial Real Estate, Engineering, Investment Management).
• Sustainability Linkage: Pricing metrics tied to sustainability targets were extended under the amended terms.
• Lead Arranger: Bank of Montreal; syndicated to 13 major Canadian, U.S., and international banks.
• Ranking: Facility ranks pari passu with existing privately placed fixed‑rate senior notes.
• Statement from Management: Michael Harding (Vice President, Finance & Treasurer) highlighted the amendment as evidence of a strong balance sheet and confidence from banking partners, emphasizing its role in supporting “high quality, recurring professional services” through acquisitions.

Notable Quotes

“This successful extension and amendment of our credit facility underscores the strength of our balance sheet and the confidence of our long‑standing banking partners in our global diversified platform and disciplined growth strategy,” – Michael Harding, Vice President, Finance & Treasurer, Colliers.