FirstService expands credit facility to $1.75 billion for working capital and acquisitions

From GlobeNewswire: 2025-02-26 12:45:39

FirstService Corporation has extended and expanded its unsecured revolving credit facility, now totaling US$1.75 billion for working capital and acquisitions. The syndicate of 11 banks oversubscribed the financing, led by The Toronto-Dominion Bank and including JP Morgan Chase Bank. CFO Jeremy Rakusin expressed appreciation for the banking group’s support and confidence, enhancing the company’s financial flexibility and capacity for growth initiatives. FirstService Corporation, a North American property services leader, generates over US$5.2 billion in annual revenues and employs approximately 30,000 individuals. The company’s Common Shares trade on the NASDAQ and the Toronto Stock Exchange under the symbol “FSV”.



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