Mr. Christian Mayer reports

COLLIERS EXPANDS CREDIT FACILITY TO US$2.25 BILLION

Colliers International Group Inc. has expanded and extended its unsecured multicurrency revolving credit facility for a new five-year term, maturing November, 2029. The updated credit facility replaces the previous agreement, which was set to mature in May, 2027, and increases borrowing capacity to $2.25-billion from $1.75-billion. With this expansion, Colliers has over $1-billion of capacity to invest in new growth initiatives. Financial covenants and other key terms remain unchanged.

The transaction was led by Bank of Montreal and was syndicated to 12 additional banks, including JP Morgan Chase Bank, U.S. Bank, Mizuho Bank, Bank of America, HSBC Bank, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Toronto-Dominion Bank, Royal Bank of Canada, National Bank of Canada, Wells Fargo Bank and Desjardins. The credit facility ranks pari passu with Colliers's existing privately placed fixed-rate senior notes maturing in 2028 and 2031.

"The expanded and extended credit facility enhances our capacity and flexibility to support Colliers's ongoing global growth, both organically and through acquisitions," said Christian Mayer, chief financial officer. "We appreciate the continued support and confidence of our relationship banking group as we execute on our long-term growth strategy," he concluded.

About Colliers International Group Inc.

Colliers is a leading global diversified professional service company, specializing in commercial real estate services, engineering consultancy and investment management. With operations in 70 countries, its 22,000 enterprising professionals provide exceptional service and expert advice to clients. For nearly 30 years, its experienced leadership -- with substantial inside ownership -- has consistently delivered approximately 20-per-cent compound annual investment returns for shareholders. With annual revenues exceeding $4.5-billion and $99-billion of assets under management, Colliers maximizes the potential of property, infrastructure and real assets to accelerate the success of its clients, investors and people.

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