FirstService Increases Credit Facility to US$1.75 Billion
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FirstService Corporation has expanded its unsecured revolving credit facility to $1.75 billion, with a new five-year term maturing in 2030. This facility can be increased by an additional $250 million and will be used for working capital, corporate purposes, and future acquisitions.
February 26, 2025 | 6:00 pm
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FirstService Corporation has increased its credit facility to $1.75 billion, extending the term to 2030. This move enhances its financial flexibility for working capital and potential acquisitions.
The expansion of the credit facility provides FirstService with increased financial resources and flexibility, which is positive for its growth strategy and potential acquisitions. This is likely to be viewed favorably by investors, potentially leading to a positive short-term impact on the stock price.
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