FreshBooks secures $100 million syndicated debt facility

By Marisa Wong

Los Angeles, Aug. 3 – FreshBooks announced it has secured a $100 million syndicated debt facility with BMO Financial Group and JPMorgan.

The facility also includes an uncommitted accordion feature of $25 million, for a total borrowing capacity of up to $125 million, according to a press release.

BMO is the bookrunner and administrative agent.

The company said the facility enables it to continue its rapid global expansion plans, including strategic acquisitions and investment into more regulated markets.

FreshBooks is an accounting software company based in Toronto.

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