FirstService amends agreements for 6.4%, 8.06% guaranteed senior notes

By Lisa Kerner

Charlotte, N.C., July 29 - FirstService Corp. amended a pair of note agreements with its noteholders on June 24 to restate the definition of "fixed charge coverage ratio," according to a form 8-K filed with the Securities and Exchange Commission.

The company issued $50 million of its 6.4% guaranteed senior secured notes due 2015 under a Sept. 29, 2003 agreement to Prudential Insurance Co. of America, Baystate Investments, LLC, Mutual of Omaha Life Insurance Co. and United of Omaha Life Insurance Co.

FirstService issued $100 million of its 8.06% guaranteed senior secured notes due 2011 under a June 21, 2001 agreement to Prudential, Hartford Life Insurance Co. and Medica Health Plan.

Toronto-based FirstService provides commercial and residential real estate property services.

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