4.73% fixed rate senior unsecured notes
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Colliers Completes C$550 Million Senior Notes Issuance
Globenewswire· 2026-03-25 20:01
Core Viewpoint - Colliers International Group Inc. has successfully completed a private placement of C$550 million (approximately US$400 million) in fixed-rate senior unsecured notes due 2033, aimed at strengthening its balance sheet and enhancing financial flexibility [1][4]. Group 1: Financial Details - The private placement consists of 4.73% fixed-rate senior unsecured notes issued by Colliers Macaulay Nicolls Inc., a subsidiary of Colliers, and fully guaranteed by Colliers [2]. - The payment obligations under the notes rank equally with all other unsecured and unsubordinated indebtedness of the issuer and Colliers, including the senior unsecured revolving credit facility and existing senior unsecured notes [2]. Group 2: Use of Proceeds - Colliers intends to utilize the proceeds from the notes for general corporate purposes, specifically for repaying outstanding borrowings under its revolving credit facility [3]. Group 3: Management Commentary - The Vice President of Finance & Treasurer stated that this financing will further strengthen the company's balance sheet and enhance financial flexibility while executing its long-term growth strategy. The strong support from institutional investors reflects confidence in the company's performance and disciplined capital management approach [4]. Group 4: Company Overview - Colliers is a global diversified professional services and investment management company with over 30 years of consistent growth, generating $5.6 billion in annual revenues and managing $108 billion in assets [7].