BMO led a $250 million increase in the total commitments under Colliers’ unsecured multi-currency revolving credit facility to a total borrowing capacity of $1.75 billion. The facility will still mature in May 2027 and the cost of borrowing and financial covenants of the facility remain unchanged.
In addition to being led by BMO, the credit facility is syndicated to 10 Canadian, U.S. and international banks. The credit facility ranks pari passu with Colliers’ existing privately placed fixed rate senior notes maturing in 2028 and 2031.
Colliers is a services and investment management company.