Colliers International Group Inc. Announces US$300 Million Bought Deal Public Offering of Equity
TORONTO, Feb. 22, 2024 (GLOBE NEWSWIRE) — Colliers International Group Inc. (TSX and NASDAQ:CIGI) (“Colliers” or the “Company”) has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets and J.P. Morgan, under which the underwriters have agreed to buy on a “bought deal” basis 2,479,500 subordinate voting shares (the “Subordinate Voting Shares”), at a price of US$121.00 per Subordinate Voting Share for gross proceeds of approximately US$300 million (the “Offering”). Colliers has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any. The Offering is expected to close on or about February 28, 2024.