Park Lawn increases revolving credit facility to C$225 million

By Sarah Lizee

Olympia, Wash., Jan. 22 – Park Lawn Corp. increased its revolving credit facility to C$225 million from C$150 million, according to a press release.

Bank of America was added to the banking syndicate, which is led by National Bank of Canada and also includes Bank of Montreal and Toronto-Dominion Bank.

The company said the additional credit will provide it with further flexibility as it continues to pursue its growth strategy.

The facility includes a C$50 million accordion facility.

Based in Toronto, Park Lawn owns and operates cemeteries.

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