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FirstService exercises $250 million incremental facility
By Wendy Van Sickle
Columbus, Ohio, Dec. 6 – FirstService Corp. entered into a $250 million incremental facility under its credit agreement with TD Securities and lead arranger and bookrunner, according to an exhibit filing with the Securities and Exchange Commission.
The amount represents the full accordion amount provided for under the credit agreement.
Proceeds may be used for working capital, capital expenditures and general corporate purposes.
The maturity date of the credit agreement is Feb. 17, 2027.
Toronto-based FirstService is a property manager for residential and commercial properties.
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