02:36 PM EST, 02/26/2025 (MT Newswires) -- FirstService Corporation ( FSV ) was at last look up a modest 0.15% on the TSX this Wednesday afternoon after it expanded and extended its unsecured revolving credit facility for a new five-year term maturing in February 2030, replacing the prior facility set to expire in February 2027.

A statement noted that under the amended credit facility borrowing capacity has been increased to US$1.75 billion up from the previous US$1.25 billion and, at any time during the term, FirstService ( FSV ) also has the right to increase the credit facility by up to an additional US$250 million on the same terms and conditions as the original one. It said the credit facility will continue to be utilized for working capital and general corporate purposes and to fund future tuck-under acquisitions.

The financing was substantially oversubscribed by its syndicate of 11 banks.

FSV was at last look up 0.41 at $253.51.

Price: 253.55, Change: +0.41, Percent Change: +0.16