FirstService draws on existing revolver to buy Roofing Corp

Chicago, Dec. 18 – FirstService Corp. is using cash on hand and funds under an existing revolving credit facility for the $413 million acquisition of Roofing Corp of America, according to a press release.

The facility has a total capacity of $1.25 billion after a recent exercise of the $250 million accordion feature.

Toronto-based FirstService is a property manager for residential and commercial properties.

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