Colliers International Group Inc. announced the expansion and extension of its unsecured multi-currency revolving credit facility to $2.25 billion from $1.75 billion. The updated facility has a new five-year term, maturing in November 2029, replacing the previous agreement set to mature in May 2027.
This expansion provides Colliers with over $1 billion of capacity specifically designated for investment in new growth initiatives. Financial covenants and other key terms of the credit facility remain unchanged.
Christian Mayer, Chief Financial Officer, stated that the expanded and extended Credit Facility enhances the company's capacity and flexibility to support ongoing global growth, both organically and through acquisitions.
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