Ogier, working alongside Torys LLP and Norton Rose Fulbright Canada LLP, advised on the extension and increase of the credit facility.
Colliers International Group Inc. (TSX:CIGI) (NASDAQ:CIGI) has extended and increased its unsecured multi-currency revolving credit facility for a new five-year term maturing in May 2027.
The new facility has increased Colliers’ borrowing capacity from US$1 billion to US$1.5 billion, with an extended maturity date for an additional five year term. The facility was also modified to (a) make it sustainability-linked, and (b) include pricing adjustments tied to the achievement of certain performance targets, including: the reduction of greenhouse gas emissions, increased female representation in management roles, the securing of WELL Health-Safety certification for Colliers-occupied offices.
The prior credit facility had a maturity of April 2024.
The Ogier team comprised of associate Tiffany Tolliss and partner Ray Wearmouth (Picture).
Law Firms: Ogier LLP;
Clients: Colliers International;