Firstservice Corp T.FSV

Alternate Symbol(s): FSV

FirstService Corporation is a provider of residential property management and other property services to residential and commercial customers. It operates through two segments: FirstService Residential and FirstService Brands. FirstService Residential segment provides a range of ancillary services primarily in the areas, such as on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, proprietary banking and insurance products, and energy conservation and management solutions. FirstService Brands segment provides a range of essential property services to residential and commercial customers in North America through franchise networks and Company-owned locations. The principal brands in this division include Paul Davis Restoration, First Onsite Property Restoration, California Closets, Century Fire Protection, CertaPro Painters, Pillar to Post Home Inspectors, and Floor Coverings International.

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Firstservice Corp

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Post by Betteryear2on Feb 17, 2022 7:19pm

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Post# 34440151

FirstService Increases Credit Facility to US$1.0 Billion

TORONTO, Feb. 17, 2022 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX: FSV; NASDAQ: FSV) ("FirstService") announced today that it has expanded and extended its revolving credit facility (the “Facility”), on an unsecured basis, for a new five-year term maturing in February 2027. Under the amended Facility, borrowing capacity has been increased to US$1.0 billion and, at any time during the term, FirstService also has the right to increase the Facility by up to US$250 million on the same terms and conditions as the original Facility. The Facility will be used to repay the remaining term loan balance of US$407 million under the prior credit facility, and will also continue to be utilized for working capital and general corporate purposes and to fund future tuck-under acquisitions.

FirstService Increases Credit Facility to US$1.0 Billion

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