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SELECTED TRANSACTION DETAILS
Mizuho Bank Agents $125MM Credit Facility for Colliers International
Tuesday, April 16, 2019

Lenders/Participants Mizuho Bank [Agent]
Structure 364-Day A/R Facility
Amount $125.000 Million
Borrower(s) Colliers International Group
Description A structured accounts receivable facility to further diversify its capital structure. The AR Facility has committed availability of $125 million and includes selected US and Canadian trade accounts receivable, with an initial term of 364 days. Initial proceeds from the AR Facility, expected later this month, will be used to repay outstanding indebtedness under Colliers' multi-currency revolving credit facility. Colliers is the servicer under the AR Facility and clients will be unaffected. The AR Facility will reduce interest costs and reported financial leverage.
Industry Real Estate
Related Tags Mizuho Bank




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