TORONTO, May 27, 2022 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) ("Colliers") announced today that it has extended and increased its unsecured multi-currency revolving credit facility (the “Credit Facility”) for a new five-year term maturing in May 2027. The prior credit facility had a maturity of April 2024. Borrowing capacity under the new Credit Facility has been increased to $1.5 billion, up from $1.0 billion. Financial covenants under the Credit Facility remain unchanged. The new Credit Facility is sustainability-linked and includes pricing adjustments tied to the achievement of performance targets over time aligned with Colliers’ Elevate the Built Environment framework. These targets include: 1) reducing greenhouse gas emissions consistent with the Science-Based Targets initiative (“SBTi”); 2) increasing female representation in management roles and 3) ensuring Colliers-occupied offices obtain the WELL Health-Safety certification.
Read more at globenewswire.comColliers extends and increases credit facility to US$1.5 billion
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