Global professional services firm Colliers International Group has increased the total commitments under its unsecured multi-currency revolving credit facility maturing in May 2027 by $250 mln (€227 mln), resulting in total borrowing capacity of $1.75 bn.
The cost of borrowing, maturity date, and financial covenants remain unchanged, the firm reported.
The credit facility is led by Bank of Montreal and is syndicated to 10 major Canadian, US and international banks.
According to the firm, the credit facility ranks pari passu with Colliers’ existing privately placed fixed rate senior notes maturing in 2028 and 2031.
Colliers, which currently has operations in 65 countries, generates annual revenues of $4.5 bn and has $98 bn of assets under management.
