Colliers International Group Inc. (CIGI) successfully completed a bought deal public offering, selling 2,479,500 subordinate voting shares at $164.25 (US$121.00) each, totaling $407,694,000 (US$300.0 million). The offering was led by a syndicate of underwriters, including BMO Capital Markets and J.P. Morgan as joint bookrunners, and featured other major financial institutions like Mizuho, National Bank Financial, and Goldman Sachs among others. An option for the underwriters to purchase an additional 15% of the offering to cover over-allotments was provided, valid for 30 days post-closing.

The proceeds from this offering are earmarked for repaying existing balances on the company’s credit facility. This financial maneuver is intended to bolster Colliers' capacity for future acquisitions, support growth initiatives, and cover general corporate expenses. The offering and its details, including the participation of various underwriters, highlight a strategic effort by Colliers to strengthen its financial position and expand its operational capabilities. The regulatory disclaimer clarifies that the offer or sale of these securities has not been approved or disapproved by securities regulatory authorities and emphasizes the legal conditions for the sale of these securities across various jurisdictions.