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FirstService Increases Credit Facility to US$1.75 Billion

Feb 26, 2025•over 1 year ago

Contract Type

agreement

TorontoReal Estate

Description

FirstService Corporation announced the expansion and extension of its unsecured revolving credit facility to US$1.75 billion for a new five-year term, allowing for increased borrowing capacity and flexibility for future growth initiatives. The financing was substantially oversubscribed by a syndicate of 11 banks.

Company Information

Company

FirstService Corporation

Location

Toronto, Ontario, Canada

About

FirstService Corporation is a North American leader in the property services sector, generating more than US $5.2 billion in annual revenues and employing approximately 30,000 employees across North America. The company serves its customers through two industry-leading service platforms: FirstService Residential, which is North America's largest manager of residential communities, and FirstService Brands, one of North America's largest providers of essential property services delivered through individually branded company-owned operations and franchise systems.

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