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FirstService Increases Credit Facility to US$450 Million

April 11, 2019 By Globenewswire Tagged With: TSX:FSV

TORONTO, April 11, 2019 (GLOBE NEWSWIRE) — FirstService Corporation (TSX: FSV; NASDAQ: FSV) (“FirstService“) announced today that it has expanded its revolving credit facility (the “Facility”) by US$100 million, to a total borrowing capacity of US$450 million. The amended Facility supersedes the prior Facility, effected in January 2018 and which had a borrowing capacity which totaled US$350 million (comprised of an original US$250 million plus a US$100 million accordion feature which was recently exercised in full). The maturity date of the Facility remains January 2023. The Facility will continue to be utilized for working capital and general corporate purposes and to fund our tuck-under acquisition program.

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