Toronto advised TD Bank on US$890m credit facility related to the acquisition by FirstService

September 26, 2019

Client: The Toronto-Dominion Bank

Our Toronto office advised The Toronto-Dominion Bank in connection with a senior US$890m amended and restated credit facility comprised of the existing US$450m revolving credit facility and a new US$440m term loan, certain proceeds of which were used in connection with the acquisition by FirstService Corporation of approximately 95% of Global Restoration Holdings, LLC.

FirstService Corporation remains a North American leader in the property services sector, serving its customers through two industry-leading service platforms: FirstService Residential, North America's largest manager of residential communities; and FirstService Brands, one of North America's largest providers of essential property services delivered through individually branded franchise systems and company-owned operations.

FirstService generates more than US$2bn in annual revenues and has more than 22,000 employees across North America. With significant insider ownership and an experienced management team, FirstService has a long-term track record of creating value and superior returns for shareholders. The Common Shares of FirstService trade on the NASDAQ and the Toronto Stock Exchange are under the symbol “FSV”.

The team included David Amato, Mike Moher and Russell Dufault.