Colliers extends US$2.25 billion credit facility to 2031 with US$250 million accordion
Colliers has extended the maturity of its US$2.25 billion revolving credit facility to February 2031 while maintaining the total facility size. It added a US$250 million accordion feature and extended sustainability-linked pricing metrics to bolster its acquisition strategy and long-term growth initiatives.
1. Credit Facility Amendment
Colliers amended its existing revolving credit facility, extending maturity to February 2031 and preserving the US$2.25 billion total commitment. The facility ranks pari passu with the company’s fixed-rate senior notes.
2. Accordion Feature and Flexibility
A new US$250 million accordion option allows Colliers to increase borrowing capacity for opportunistic investments and acquisitions. This flexibility aims to support rapid deployment of capital in target markets.
3. Sustainability-Linked Pricing
The amended facility retains sustainability-linked pricing metrics, aligning borrowing costs with environmental, social and governance targets. This extension reflects Colliers’ commitment to meeting its long-term sustainability objectives.
4. Strategic Implications
The extended facility reinforces Colliers’ strong balance sheet and the confidence of 13 major Canadian, U.S. and international banks. Enhanced liquidity supports the company’s acquisition strategy and ongoing growth initiatives across its professional services and investment management businesses.