PRESS RELEASE
24 June 2022

Ogier In BVI Advises On US$1.5 Billion Credit Facility Extension For Colliers Group

O
Ogier

Contributor

Ogier  logo
Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.
Ogier in the BVI has advised on the extension and increase of a multi-currency revolving credit facility made available by a consortium of banks, headed by Bank of Montreal...
British Virgin Islands

Ogier in the BVI has advised on the extension and increase of a multi-currency revolving credit facility made available by a consortium of banks, headed by Bank of Montreal, to Colliers International Group Inc (Colliers), a company listed on NASDAQ and TSX.

The new facility has increased Colliers' borrowing capacity from US$1 billion to US$1.5 billion, with an extended maturity date for an additional five year term. The facility was also modified to (a) make it sustainability-linked, and (b) include pricing adjustments tied to the achievement of certain performance targets, including:

  1. the reduction of greenhouse gas emissions
  2. increased female representation in management roles
  3. the securing of WELL Health-Safety certification for Colliers-occupied offices

The Ogier transactional team was led by associate Tiffany Tolliss with partner Ray Wearmouth. Ogier worked alongside Torys LLP and Norton Rose Fulbright Canada LLP.

Contributor

Ogier  logo
Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.

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