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Park Lawn increases revolving credit facility to C$250 million
By Wendy Van Sickle
Columbus, Ohio, Nov. 25 – Park Lawn Corp. increased its revolving credit facility to C$250 million from C$175 million, according to a press release.
Additionally, the maturity date was extended to Jan. 18, 2025.
CIBC was added to the banking syndicate, which is led by National Bank of Canada and also includes Bank of Montreal, Bank of America 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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