Colliers Completes C$550M Senior Notes Issuance

Colliers International Group has completed a private placement of C$550 million (about US$400 million) of 4.73% fixed-rate senior unsecured notes due 2033. The notes were issued by Colliers Macaulay Nicolls Inc., a subsidiary of Colliers, and are fully guaranteed by Colliers.

The notes rank equally with Colliers’ other unsecured and unsubordinated indebtedness, including its senior unsecured revolving credit facility and existing senior unsecured notes. Colliers plans to use proceeds for general corporate purposes, including repaying outstanding borrowings under its revolving credit facility.