 Colliers International Group Inc. NASDAQ and TSX: CIGI Colliers announced today the closing of its previously announced offering of 4.00 convertible senior subordinated notes due 2025 the Notes pursuant to private placement exemptions the Offering for gross proceeds of US230 million including US30 million pursuant to the exercise of the initial purchasers over-allotment option. Colliers intends to use the net proceeds of the Offering to repay a portion of its indebtedness under its revolving credit facility, which will then be available to be drawn, as required, for working capital, acquisitions and associated contingent purchase consideration and general corporate purposes. The initial conversion rate for the Notes is 17.2507 subordinate voting shares the Subordinate Voting Shares per US1,000 principal amount of Notes, equivalent to an initial conversion price of approximately US57.97 per Subordinate Voting Share. 