FirstService Closed US$225M in Financing Facilities

On September 6, 2007, FirstService Corporation, a global leader in the property services sector, closed US$225 million in financing facilities (including revolving credit and acquisition facilities) to support, inter alia, its acquisition of parallel businesses around the world. The transaction was entered into by FirstService Corporation as Canadian Borrower, FirstService (USA), Inc. and FirstService Delaware, LP as the US Borrowers, other FirstService entities acting as guarantors, The Toronto-Dominion Bank as agent and a syndicate of lenders.

The syndicate of lenders for the Canadian and US credit facilities are The Toronto-Dominion Bank, Royal Bank of Canada, Bank of Nova Scotia, Bank of Montreal, Bank of America, N.A., JP Morgan Chase Bank, N.A., United Overseas Bank Limited and HSBC Bank.

The agent and the lenders were represented by Ogilvy Renault LLP with a team consisting of Merie-Anne Beavis, David Amato and Aditya Rebbapragada. The Canadian and US Borrowers were represented in Canada by Fogler, Rubinoff LLP with a team consisting of David Oliver and Brian Gosse and in the United States by Ferrante & Associates with a team consisting of Santino Ferrante and Catherine Conneely.



Norton Rose Fulbright Canada LLP Fogler, Rubinoff LLP