MidCap Financial provided a $85 million senior secured credit facility to Avison Young. The MidCap credit facility is part of a comprehensive financial recapitalization transaction. The transaction reinforces the Company’s financial foundation by reducing its financial obligations by more than half and securing additional capital to advance its strategic goals. Proceeds from the credit facility were used to refinance the Company’s existing credit facility and will support Avison Young’s ongoing working capital needs.

Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.