The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
April 13, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC...
Printer-friendly Version   Email an Associate
Avison Young Enters into Deleveraging Transaction with Its Financial Partners

2/27/24

Avison Young has agreed to a comprehensive deleveraging transaction with its current financial partners that better positions Avison Young for the future. Through this transaction, Avison Young has reduced its financial obligations by more than half and has secured additional capital to advance its strategic goals.

Avison Young enters into this transaction with a group representing substantially all of the company’s existing lenders and capital partners. Through this arrangement, Avison Young has better stabilized its financial foundation and secured additional resources to invest in the people and solutions that will improve the company’s ability to serve its clients and partners well into the future. The transaction preserves Avison Young’s culture as a principal-led and owned firm, with principals and management retaining a significant majority ownership stake in the company.

As part of the transaction process, Avison Young entered into an agreement with its lenders through which the company was not required to make certain payments on its term loan. The company has made all required payments during this process. The transaction is expected to close in March.

Centerview Partners LLC, Kobre Capital LLC, and Long Castle Advisors, Corp. served as financial advisors, Stikeman Elliott LLP (Canada), McDermott Will & Emery LLP (US), and DLA Piper LLP (US and UK) served as legal advisors, and C Street Advisory Group served as communications advisor to Avison Young.





Return to the Archive page


 
 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media