Avison Young completes $75 million term loan at SOFR plus 700 bps

By Sara Rosenberg

New York, Aug. 23 – Avison Young placed a non-fungible $75 million incremental covenant-lite first-lien term loan due January 2026 at pricing of SOFR plus 700 basis points with a 0% floor and an original issue discount of 94, according to a market source.

The incremental term loan has 101 soft call protection for six months, the source said.

Credit Suisse Securities (USA) LLC is the lead arranger on the deal.

Proceeds will be used for acquisition financing.

Avison Young is a Toronto-based commercial real estate services firm.

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