FirstService Increases Credit Facility to US$1.75 Billion

Core Points - FirstService Corporation has expanded and extended its unsecured revolving credit facility for a new five-year term maturing in February 2030, increasing borrowing capacity to US$1.75 billion from US$1.25 billion [1] - The financing was oversubscribed by a syndicate of 11 banks, led by The Toronto-Dominion Bank [2] - The Chief Financial Officer stated that the transaction enhances the company's capacity and financial flexibility for future growth initiatives [3] Company Overview - FirstService Corporation is a leader in the North American property services sector, operating through two main platforms: FirstService Residential and FirstService Brands [4] - The company generates over US$5.2 billion in annual revenues and employs approximately 30,000 people across North America [5] - FirstService's common shares trade on NASDAQ and the Toronto Stock Exchange under the symbol "FSV" and are included in the S&P/TSX 60 Index [5]