Park Lawn Corporation, the funeral industry consolidator out of Toronto, Canada, announced yesterday in this press release that they have obtained additional credit facilities which will poise them for further growth.  The company announced a $125 million facility with the National Bank of Canada as the lead lender and participation from the Bank of Montreal and Toronto Dominion Bank.  The credit is arranged as follows:

• $75 million in committed credit
• $50 million in accordian credit
• All under a 5 year revolving facility

Park Lawn Corporation announced that this facility will be used to give it flexibility in their growth strategy.  Park Lawn Corporation operates 89 funeral industry related facilities in the United States and Canada.

Funeral Director Daily take:  This move reaffirms our suspicions that Park Lawn Corporation will be very aggressive in acquiring businesses to add to their portfolio.

[wpforms id=”436″ title=”true” description=”true”]