0001171843-14-002580.txt : 20140528 0001171843-14-002580.hdr.sgml : 20140528 20140528163341 ACCESSION NUMBER: 0001171843-14-002580 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20140528 FILED AS OF DATE: 20140528 DATE AS OF CHANGE: 20140528 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRSTSERVICE CORP CENTRAL INDEX KEY: 0000913353 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-24762 FILM NUMBER: 14873138 BUSINESS ADDRESS: STREET 1: 1140 BAY STREET STREET 2: SUITE 4000 CITY: TORONTO STATE: A6 ZIP: M5S 2B4 BUSINESS PHONE: (416) 960-9500 MAIL ADDRESS: STREET 1: 1140 BAY STREET STREET 2: SUITE 4000 CITY: TORONTO STATE: A6 ZIP: M5S 2B4 6-K 1 f6k_052814.htm FORM 6-K f6k_052814.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 
FORM 6-K

 
REPORT OF FOREIGN PRIVATE ISSUER
 
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
 THE SECURITIES EXCHANGE ACT OF 1934


For the month of: May 2014
Commission file number 0-24762

 
FIRSTSERVICE CORPORATION
(Translation of registrant’s name into English)

 
1140 Bay Street, Suite 4000
Toronto, Ontario, Canada
M5S 2B4
(Address of principal executive office)


Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F [  ]                                                                Form 40-F [X]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [  ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [  ]

Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes [  ]                                                      No [X]

If “Yes” is marked, indicate the file number assigned to the Registrant in connection with Rule 12g3-2(b):  N/A
 
 

 
SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 
  FIRSTSERVICE CORPORATION
     
     
Date: May 28, 2014  /s/ John B. Friedrichsen  
  Name: John B. Friedrichsen
  Title: Senior Vice President and Chief Financial Officer
 
 
 
 
 
 

 
EXHIBIT INDEX

 
Exhibit Description of Exhibit
   
99.1
Press release dated May 28, 2014
99.2
Second Amendment to Sixth Amended and Restated Credit Agreement
 
                                
 
EX-99.1 2 exh_991.htm EXHIBIT 99.1 FirstService Increases Credit Facility to $500 Million

EXHIBIT 99.1

FirstService Increases Credit Facility to $500 Million

TORONTO, May 28, 2014 (GLOBE NEWSWIRE) -- FirstService Corporation (Nasdaq:FSRV) (TSX:FSV) today announced that it has increased its revolving credit facility to $500 million from $350 million. The $150 million increase was substantially oversubscribed by its syndicate of banks including TD Bank, J.P Morgan Chase Bank, Bank of Montreal, Bank of Nova Scotia, HSBC Bank Canada, Bank of America, US Bank, Canadian Imperial Bank of Commerce, National Bank of Canada and The Royal Bank of Canada.

The increased facility will be utilized for general corporate purposes and otherwise all terms and conditions remained unchanged.

"This substantial increase in our revolver will provide greater flexibility and financial capacity to fund our growth objectives and complements the long-term debt capital of $150 million raised privately in January of last year," said John B. Friedrichsen, Senior Vice President & CFO. "We are delighted with the support we have received from our lenders and the confidence they have in our long-term strategy of creating value for our shareholders," he added.

"Securing $150 million of additional debt capital is a strong endorsement of FirstService and our financial strength, diversification, and historical track record of success," said Jay S. Hennick, Founder & CEO. "This increase together with our ambitious, but disciplined growth strategy, proven business model, and focus on global real estate services, will allow us to continue to deliver strong returns for our shareholders in the future as we have done since becoming a public company in 1993," he concluded.

ABOUT FIRSTSERVICE CORPORATION

FirstService Corporation is a global leader in the rapidly growing real estate services sector, one of the largest markets in the world. FirstService manages more than 2.5 billion square feet of residential and commercial properties through its three industry-leading service platforms: Colliers International - one of the largest global players in commercial real estate services; 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$2.3 billion in annual revenues and has more than 24,000 employees world-wide. With significant insider ownership and an experienced management team, FirstService has a long-term track record of creating value and superior returns for shareholders since becoming a publically listed company in 1993. The common shares of FirstService trade on the NASDAQ under the symbol "FSRV" and on the Toronto Stock Exchange under the symbol "FSV". More information is available at www.firstservice.com.

FORWARD-LOOKING STATEMENTS

Certain statements included in this release contain words such as "could", "expects", "expectations", "may", "anticipates", "believes", "intends", "estimates" and "plans" (and similar expressions) and constitute "forward-looking statements" within the meaning of applicable securities law. These statements are based on FirstService's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which FirstService and its subsidiaries operate. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which are difficult to predict and may cause the actual results, performance or achievements of FirstService, or outcomes or results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions which will, among other things, impact demand for the FirstService's services, service industry conditions and capacity and the cost of providing services; the ability of FirstService to implement its business strategy, including FirstService's ability to acquire suitable acquisition candidates on acceptable terms and successfully integrate newly acquired businesses with its existing businesses; changes in or the failure to comply with government regulations (especially safety and environmental laws and regulations); and other factors which are described in FirstService's filings with the U.S. Securities and Exchange Commission and Canadian regulatory authorities. These statements, although considered reasonable by FirstService at the date of this press release, may prove to be inaccurate and consequently FirstService's actual results could differ materially from its expectations as set out or implied in this release. Unless otherwise required by applicable securities laws, FirstService disclaims any intention or obligation to update or revise any forward-looking statements.

CONTACT: COMPANY CONTACTS:

         Jay S. Hennick
         Founder & CEO
         FirstService Corporation
         (416) 960-9500

         John B. Friedrichsen
         Senior Vice President & CFO
         FirstService Corporation
         (416) 960-9500
EX-99.2 3 exh_992.htm EXHIBIT 99.2 exh_992.htm
EXHIBIT 99.2
 
 
Execution Version
 
 
SECOND AMENDMENT TO AGREEMENT
 
Reference is made to the Sixth Amended and Restated Credit Agreement dated as of March 1, 2012 by and among, amongst others, FirstService Corporation, as Canadian Borrower (the Borrower), FirstService (USA), Inc. (together with the Canadian Borrower, the Borrowers) and FirstService Delaware, LP, as U.S. Borrowers, the Wholly-Owned Subsidiaries named on the execution pages thereof, as Unlimited Guarantors, the banks named on the execution pages thereof, as Lenders (the Lenders), TD Securities, as Lead Arranger and Bookrunner, The Toronto-Dominion Bank, as Collateral Agent (the Collateral Agent) and Canadian Administration Agent and Toronto Dominion (Texas) LLC, as U.S. Administration Agent (collectively with the Collateral Agent, the Agents), as amended by the First Amendment to Agreement dated as of January 16, 2013 and as the same may be further amended, supplemented, revised, restated or replaced from time to time, (the Agreement).
 
THIS SECOND AMENDMENT TO AGREEMENT (the Amendment) is executed as of the 22nd day of May, 2014 (the Amendment Date), by the Borrowers, the Guarantors (as defined in the Agreement), the Lenders and the Agents;
 
WHEREAS the Borrowers have requested the Canadian Administration Agent to increase the Revolving Facilities, in an aggregate principal amount of U.S.$500,000,000;
 
AND WHEREAS the Lenders have agreed to increase the Revolving Facilities, subject to the provisions and delivery of this Second Amendment, to the Borrowers by increasing their overall Commitments under the Credit Agreement as current Lenders under the Credit Agreement;
 
AND WHEREAS the Borrowers have requested the Collateral Agent, and the Collateral Agent has agreed, subject to the consent of the Lenders, to amend certain provisions of the Agreement, but only to the extent and subject to the limitations set forth herein;
 
NOW THEREFORE, for good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereby agree as follows:
 
Capitalized terms referred to and not defined herein shall have the meanings ascribed thereto in the Agreement.
 
1
Amendment
 
Effective as of the Amendment Date,
 
(a)
Section 1.1 of the Agreement is hereby amended as follows:
 
 
(i)
By deleting the definition of “Canadian Revolving Facility Commitment” in its entirety and replacing it with the following:
 
““Canadian Revolving Facility Commitment” means the Commitments of the Canadian Lenders to make Advances to the Canadian Borrower up to the Cdn.$ Equivalent Amount of U.S.$390,000,000; provided that the aggregate outstanding Borrowings under the Canadian Facilities shall not exceed the Total Canadian Commitments at any time.”
 
 
(ii)
By deleting the definition of “Participation” in its entirety and replacing it with the following:
 
““Participation” of a Lender means that Lender’s pro rata share of the Commitments as indicated on Schedule “L”.”
 
 
(iii)
By deletion the definition of “Shareholders’ Equity” in its entirety and replacing it with the following:
 
 
1

 
““Shareholders’ Equity” means the sum of the shareholders’ equity, preferred stock and non-controlling interest as shown in the consolidated financial statements of the Canadian Borrower and its Subsidiaries prepared in accordance with GAAP.”
 
 
(iv)
By deleting the definition of “Total Canadian Commitments” in its entirety and replacing it with the following:
 
““Total Canadian Commitments” means the Equivalent Amount of U.S.$390,000,000 and includes the Canadian Revolving Facility Commitment, and the Canadian Swingline Commitment and the HSBC Sponsor Commitment which may be increased or decreased as the result of a reallocation made in accordance with Section 6.6.”
 
 
(v)
By deleting the definition of “Total Commitments” in its entirety and replacing it with the following:
 
““Total Commitments” means the aggregate for all Facilities from time to time of the Lenders’ Commitments from time to time to a maximum aggregate amount of U.S.$500,000,000.”
 
 
(vi)
By deleting the definition of “Total U.S. Commitments” in its entirety and replacing it with the following:
 
““Total U.S. Commitments” means U.S.$110,000,000 and includes the U.S. Revolving Facility Commitment and the U.S. Swingline Commitment which may be increased or decreased as the result of a reallocation made in accordance with Section 6.6.”
 
 
(vii)
By deleting the definition of “U.S. Revolving Facility Commitment” in its entirety and replacing it with the following:
 
““U.S. Revolving Facility Commitment” means Commitments of the U.S. Lenders to make Advances to the U.S. Borrower up to U.S.$110,000,000; provided that the aggregate outstanding Borrowings under the U.S. Facilities shall not exceed the Total U.S. Commitments at any time.”
 
 
(viii)
By deleting the definition of “U.S. Swingline Commitment” in its entirety and replacing it with the following:
 
““U.S. Swingline Commitment” means the Commitment of the U.S. Swingline Lender to make Advances to the U.S. Borrower up to U.S.$20,000,000 which Commitment constitutes a subcommitment of the Total U.S. Commitments of JPMorgan Chase Bank, N.A.; provided that the aggregate outstanding Borrowings under the U.S. Facilities shall not exceed the Total U.S. Commitments at any time.”
 
 
(ix)
By deleting the definitions of “Incremental Commitment”, Incremental Facility”, “Incremental Lender” and “Lender’s Incremental Commitment”.
 
(b)
Section 2.14 of the Agreement is amended by deleting it in its entirety and replacing it with the following:
 
Section 2.14       Intentionally Deleted
 
(c)
Section 8.4(a)(iii) of the Agreement is amended by deleting it in its entirety and replacing it with the following:
 
“(iii)           minimum Shareholders’ Equity of:
 
 
2

 
 
(A) 
US$270,000,000; plus
 
 
(B)
the amount equal to the sum of 50% of the Consolidated Earnings for each Fiscal Year of the Canadian Borrower commencing with the Fiscal Year ending December 31, 2013 (but only if the Consolidated Earnings for such Fiscal Year is a positive number); plus
 
 
(C)
100% of the net proceeds received by the Canadian Borrower from a sale of its capital stock (whether or not made pursuant to a public offering) or a capital contribution or other equity injection of any kind, in each case made after January 16, 2013 but only if the aggregate net proceeds from all such sales, capital contributions and equity injections exceeds US$10,000,000, provided that the net proceeds of any sale of a debt security that is convertible into or exchangeable for capital stock of the Canadian Borrower, or a debt security that is issued with a warrant or other instrument to purchase capital stock of the Canadian Borrower, shall not be required to be added pursuant to this clause (C) unless and until such debt security is converted into or exchanged for, or such warrant or other instrument is exercised for, capital stock of the Canadian Borrower.”
 
(d)
Schedule “L” to the Agreement is hereby amended by deleting same in its entirety and substituting therefor Schedule “L” annexed as Exhibit “A” to this Amendment.
 
2
Lenders’ Acknowledgment
 
Each of the Lenders acknowledges and agrees that:
 
(a)
Notwithstanding the Participations referenced in the signature pages of all Lenders under the Agreement in accordance with the definition of Participation (prior to its amendment hereto), the Participations of each of the Lenders shall be as referenced and adjusted (in accordance with, and as permitted by, the Agreement) in Schedule “L” to the Agreement (as amended by this Amendment and annexed hereto as Exhibit “A”).
 
(b)
 
 
 
(i)
Subject to Section 2(b)(ii) of this Amendment, no adjustments will be made to Advances by way of Libor Loans or Bankers' Acceptances that are outstanding as of the date of this Amendment to reflect the revised Commitments of the Lenders that result from this Amendment; and
 
 
(ii)
If and to the extent that any Advance by way of a Libor Loan or a Bankers' Acceptance that is outstanding as of the date of this Amendment is subsequently rolled over as a new Advance by way of a Libor Loan or a Bankers' Acceptance or converted to another form of Advance, each applicable Lender shall fund such new Libor Loan or Bankers' Acceptances or other form of Advance, as applicable, based on such Lender’s revised Commitment that results from this Amendment.
 
3
Borrowers’ Acknowledgment
 
Each Borrower acknowledges and agrees that, upon and after the Amendment Date, (i) it shall have no further right to request an increase in the Revolving Facilities pursuant to Section 2.14 of the Agreement, and (ii) Section 2.14 of the Agreement shall cease to have any further force and effect.
 
 
3

 
 
4
Reaffirmation of Obligations
 
Each of the Borrowers and each of the Guarantors:
 
(a)
reaffirms its obligations under the Agreement; and
 
(b)
confirms that its obligations remain in full force and effect with respect to the Agreement,
 
in each case as of the Amendment Date.
 
5
Reaffirmation of Representations and Warranties
 
Each of the Borrowers and each of the Guarantors hereby represent and warrant that as of the date of the execution of this Amendment:
 
(a)
there exists no Default or Event of Default under the Agreement; and
 
(b)
its representations and warranties contained in Article VIII of the Agreement are true and correct as of such dates, except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty shall be true and correct on and as of such earlier date.
 
6
No Other Amendment
 
Except to the limited extent set forth herein:
 
(a)
no additional amendment of any other term, condition, covenant, agreement or any other aspect of the Agreement is intended or implied; and
 
(b)
except for the specific period of time and circumstances covered by this agreement, no other aspect of the covenants referred to herein is amended, including without limitation for any other period or circumstance, and no such amendment is intended or implied.
 
This Amendment is therefore limited exclusively to the specific purposes and time period for which it is given.
 
7
Conditions to Effectiveness
 
This Amendment shall become effective upon:
 
(a)
delivery to the Collateral Agent of five (5) originally executed copies of this Amendment, dated the Amendment Date, as executed by the Borrowers, the Guarantors the Administrative Agents and the Lenders;
 
(b)
the Collateral Agent having received consent from the Lenders and any other consents necessary in connection with this Amendment;
 
(c)
the Collateral Agent having received such other certificates, documentation and opinions as the Collateral Agent may request, acting reasonably; and
 
(d)
the Collateral Agent being satisfied that all representations and warranties contained in Article VIII of the Agreement shall remain true and accurate following the Amendment.
 
 
4

 
8
Guarantors’ Acknowledgement
 
The Guarantors (a) consent to and approve the execution and delivery of this Amendment by the parties hereto, (b) agree that this Amendment does not and shall not limit or diminish in any manner the obligations of the Guarantors under the guarantees pursuant to the Agreement (the Guarantees) and under the Agreement as amended hereunder, and that such obligations would not be limited or diminished in any manner even if the Guarantors had not executed this Amendment, (c) agree that this Amendment shall not be construed as requiring the consent of the Guarantors in any other circumstance, (d) reaffirm their obligations, representations and warranties under the Guarantees and under the Agreement, and (e) agree that the Guarantees and the Agreement remain in full force and effect and are hereby ratified, continued and confirmed.
 
9
Security
 
By signing this Amendment, the Borrowers and Guarantors confirm that all security delivered to or for the benefit of the Collateral Agent on behalf of the Lenders pursuant to the Agreement remains in full force and secures all indebtedness, liabilities and obligations of the Borrowers and Guarantors under the Agreement.
 
10
No Novation
 
This Amendment will not discharge or constitute novation of any debt, obligation, covenant or agreement contained in the Agreement or any of the documents or security delivered pursuant thereto but same shall remain in full force and effect save to the extent same are amended by the provisions of this Amendment.
 
11
Expenses
 
All reasonable expenses of the Collateral Agent in connection with this Amendment and the related documentation, including all reasonable legal fees and disbursements incurred by the Collateral Agent, shall be for the account of the Borrowers.
 
12
Benefit of Agreement
 
This Amendment enures to the benefit of and binds the parties and their respective successors and permitted assigns.
 
13
Further Assurances
 
Each party shall from time to time promptly execute and deliver all further documents and take all further action necessary to give effect to the provisions and intent of this Amendment.
 
14
Counterparts
 
This Amendment may be executed in one or more counterparts, including by way of facsimile, or electronically, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument.
 
15
Governing Law
 
This Amendment shall be interpreted and the rights and liabilities of the parties hereto shall be determined in accordance with the laws of the Province of Ontario and the federal laws of Canada applicable therein.
 
[Signature pages commence on the following page.]
 
 
5

 
IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to Agreement to be executed as of the date first above written.
 
 
FIRSTSERVICE CORPORATION,
as Canadian Borrower
 
FIRSTSERVICE (USA), INC.,
as a U.S. Borrower
     
Per:
/s/ John B. Friedrichsen
 
Per:
/s/ John B. Friedrichsen
  Name:
John B. Friedrichsen
    Name:
John B. Friedrichsen
  Title:
Senior Vice President and Chief Financial Officer
    Title:
Secretary
             
       
I have the authority to bind the Corporation

 
BRANDPOINT SERVICES, INC.,
an Ontario Corporation, as an Unlimited Guarantor
 
2156593 ONTARIO LIMITED,
as an Unlimited Guarantor
     
Per:
/s/ John B. Friedrichsen
 
Per:
/s/ John B. Friedrichsen
  Name:
John B. Friedrichsen
    Name:
John B. Friedrichsen
  Title:
Authorized Signor
    Title:
Chief Financial Officer
             
I have the authority to bind the Corporation
 
I have the authority to bind the Corporation

 
FIRSTSERVICE RESIDENTIAL ALBERTA LTD.,
as an Unlimited Guarantor
 
FIRSTSERVICE RESIDENTIAL MANAGEMENT CANADA INC.,
as an Unlimited Guarantor
     
Per:
/s/ John B. Friedrichsen
 
Per:
/s/ John B. Friedrichsen
  Name:
John B. Friedrichsen
    Name:
John B. Friedrichsen
  Title:
Authorized Signor
    Title:
Director
             
I have the authority to bind the Corporation
 
I have the authority to bind the Corporation

 
FS PROPERTY SERVICES INC.,
as an Unlimited Guarantor
 
   
Per:
/s/ John B. Friedrichsen
 
  Name:
John B. Friedrichsen
 
  Title:
Treasurer
 
       
I have the authority to bind the Corporation
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement

 
 

 
 
   
FIRSTSERVICE ADMINISTRATION GP,
as Guarantor
FFI PREMIUMS, INC.,
   
as Guarantor
  By: 2156593 Ontario Limited,
       
its Partner
         
Per:
/s/ John B. Friedrichsen
 
Per:
/s/ John B. Friedrichsen
  Name:
John B. Friedrichsen
    Name:
John B. Friedrichsen
  Title:
Authorized Signor
    Title:
Chief Financial Officer
             
I have the authority to bind the Corporation
 
I have the authority to bind the Corporation

 
FIRSTSERVICE CAM HOLDINGS, INC.,
as Guarantor
 
FIRSTSERVICE DELAWARE CAM, INC.,
as Guarantor
     
Per:
/s/ John B. Friedrichsen
 
Per:
/s/ John B. Friedrichsen
  Name:
John B. Friedrichsen
    Name:
John B. Friedrichsen
  Title:
Secretary
    Title:
Secretary
             
I have the authority to bind the Corporation
 
I have the authority to bind the Corporation

 
FIRSTSERVICE FINANCIAL, INC.,
as Guarantor
 
SERVICE AMERICA ENTERPRISE, INC.,
as Guarantor
     
Per:
/s/ John B. Friedrichsen
 
Per:
/s/ John B. Friedrichsen
  Name:
John B. Friedrichsen
    Name:
John B. Friedrichsen
  Title:
Authorized Signor
    Title:
Authorized Signor
             
I have the authority to bind the Corporation
 
I have the authority to bind the Corporation

 
FS PROPERTY SERVICES (U.S.) INC.,
as Guarantor
 
FS INSURANCE BROKERS, INC.,
as Guarantor
     
Per:
/s/ John B. Friedrichsen
 
Per:
/s/ John B. Friedrichsen
  Name:
John B. Friedrichsen
    Name:
John B. Friedrichsen
  Title:
Treasurer
    Title:
Authorized Signor
             
I have the authority to bind the Corporation
 
I have the authority to bind the Corporation

 
FS INSURANCE BROKERS OF NEW YORK, LLC,
as Guarantor
 
   
Per:
/s/ John B. Friedrichsen
 
  Name:
John B. Friedrichsen
 
  Title:
Authorized Signor
 
       
I have the authority to bind the Corporation
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
CERTA PRO PAINTERS LTD.,
as an Unlimited Guarantor
 
TELELINK SERVICES INC.,
as an Unlimited Guarantor
     
Per:
/s/ John B. Friedrichsen
 
Per:
/s/ John B. Friedrichsen
  Name:
John B. Friedrichsen
    Name:
John B. Friedrichsen
  Title:
Authorized Signor
    Title:
Authorized Signor
             
I have the authority to bind the Corporation
 
I have the authority to bind the Corporation

 
FS BRANDS CANADA, INC.,
as an Unlimited Guarantor
 
   
Per:
/s/ John B. Friedrichsen
 
  Name:
John B. Friedrichsen
 
  Title:
Authorized Signor
 
       
I have the authority to bind the Corporation
 

 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
/s/ Paul de Haan

FIRSTSERVICE INTERNATIONAL HOLDINGS S.à.r.l.
Société à responsabilité limitée
11, rue de Nassau
L-2213 Luxembourg
Grand Duchy of Luxembourg
Share Capital: USD 40,000
RCS Number: B 170.656
Represented by:
Name: Paul de Haan
Title: Manager
 
 
 
 
 
 
 
 

 
 
 
THE TORONTO-DOMINION BANK,
as Collateral Agent
   
 
Per:
/s/ Wayne M. Shiplo
    Name:
Wayne M. Shiplo
    Title:
Vice President Loan Syndications
 
 
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
 
THE TORONTO-DOMINION BANK,
as Canadian Administration Agent
   
 
Per:
/s/ Wayne M. Shiplo
    Name:
Wayne M. Shiplo
    Title:
Vice President Loan Syndications
 
 
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
 
TORONTO-DOMINION (TEXAS) LLC,
as U.S. Administration Agent
   
 
Per:
/s/ Alice Mare
    Name:
Alice Mare
    Title:
Authorized Signatory
 
 
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
CANADIAN LENDER   COMMITMENT  
       
       
THE TORONTO-DOMINION BANK   Total Commitments: US$59,150,000
    (Pro-rata for all  
    Canadian Facilities)  
       
       
    Participation for all  
    Canadian Facilities: ­­­­­15.1667%
 
 
 
 
 
Per:
/s/ Tim Thomas
 
    Name:
Tim Thomas
 
    Tel:
416 307-3869
 
    Fax:
416 944-5164
 
    Email:
tim.thomas@tdsecurities.com
 
    Address:
66 Wellington Street West, 8th Floor
TD Tower
Toronto, ON M5K 1A2
 
 
 
 
     
 
Per:
/s/ Richard Robarts
 
    Name:
Richard Robarts
 
    Tel:
416 307-7900
 
    Fax:
416 308-4481
 
    Email:
richard.robarts@tdsecurities.com
 
    Address:
66 Wellington Street West, 10th Floor
TD Tower
Toronto, ON M5K 1A2
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
CANADIAN LENDER   COMMITMENT  
       
       
JPMORGAN CHASE BANK, N.A.,   Total Commitments: US$32,500,000
TORONTO BRANCH   (Pro-rata for all  
    Canadian Facilities)  
       
       
    Participation for all  
    Canadian Facilities: 8.3333%
 
 


 
Per:
/s/ Jeffrey Coleman
 
    Name:
Jeffrey Coleman
 
    Tel:
416-981-2327
 
    Fax:
416-981-9278
 
    Email:
jeffrey.s.coleman@jpmorgan.com
 
    Address:
Royal Bank Plaza, South Tower
200 Bay Street, Suite 1800
Toronto, Ontario, M5J 2J2
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
CANADIAN LENDER   COMMITMENT  
       
       
BANK OF MONTREAL   Total Commitments: US$39,000,000
    (Pro-rata for all  
    Canadian Facilities)  
       
       
    Participation for all  
    Canadian Facilities: 10.0000%
 
 
 
 
 
 
Per:
/s/ Sean P. Gallaway
 
    Name:
Sean P. Gallaway
 
    Tel:
(416) 359-6830
 
    Fax:
(416) 359-7796
 
    Email:
sean.gallaway@bmo.com
 
    Address:
100 King St., West, 4th Floor
Toronto, ON M5X 1H3
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
CANADIAN LENDER   COMMITMENT  
       
       
HSBC BANK CANADA   Total Commitments: US$39,000,000
    (Pro-rata for all  
    Canadian Facilities)  
       
       
    Participation for all  
    Canadian Facilities: 10.0000%
 
 
 
 
 
 
Per:
/s/ Jesse MacMasters
 
    Name:
Jesse MacMasters
 
    Tel:
416-868-8194
 
    Fax:
416-350-1248
 
    Email:
Jesse_MacMasters@hsbc.ca
 
    Address: 70 York Street, 4th Floor, Toronto, ON, M5J 1S9  

 
 
 
Per:
/s/ Andrew Sclater
 
    Name:
Andrew Sclater
 
    Tel:
416-868-8074
 
    Fax:
416-350-1248
 
    Email:
andrew.r.sclater@hsbc.ca
 
    Address:
70 York Street, 4th Floor, Toronto, ON, M5J 1S9
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
CANADIAN LENDER   COMMITMENT  
       
       
THE BANK OF NOVA SCOTIA   Total Commitments: US$39,000,000
    (Pro-rata for all  
    Canadian Facilities)  
       
       
    Participation for all  
    Canadian Facilities: 10.0000%
 
 
 
 
 
Per:
/s/ Steve Holyman
 
    Name:
Steve Holyman
 
    Tel:
416.866.6418
 
    Fax:
416.866.2010
 
    Email:
steve.holyman@scotiabank.com
 
    Address:
40 King Street West, Scotia Plaza, 62nd Floor
Toronto, ON, M5W 2X6
 

 
 
 
Per:
/s/ Katherine Hogg
 
    Name:
Katherine Hogg
 
    Tel:
416.607.0004
 
    Fax:
416.866.2010
 
    Email:
Katherine.hogg@scotiabank.com
 
    Address:
40 King Street West, Scotia Plaza, 62nd Floor
Toronto, ON, M5W 2X6
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
CANADIAN LENDER   COMMITMENT  
       
       
BANK OF AMERICA, N.A.,   Total Commitments: US$35,100,000
CANADA BRANCH   (Pro-rata for all  
    Canadian Facilities)  
       
       
    Participation for all  
    Canadian Facilities: 9.0000%
 
 
 
 
 
Per:
/s/ Jason Hoogenboom
 
    Name:
Jason Hoogenboom
 
    Tel:
416-369-3972
 
    Fax:
416-369-8148
 
    Email:
jason.hoogenboom@baml.com
 
    Address:
181 Bay Street, Suite 400
Toronto, ON, M5J 2V8, Canada
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
CANADIAN LENDER   COMMITMENT  
       
       
CANADIAN IMPERIAL   Total Commitments: US$33,150,000
BANK OF COMMERCE   (Pro-rata for all  
    Canadian Facilities)  
       
       
    Participation for all  
    Canadian Facilities: 8.5000%
 
 
 

 
Per:
/s/ Jordan Spellman
 
    Name:
Jordan Spellman, Director
 
   
Tel:
 
 
   
Fax:
 
 
   
Address:
   

 
 
 
Per:
/s/ Steve Nishimura
 
    Name:
Steve Nishimura, Managing Director
 
   
Tel:
 
 
   
Fax:
 
 
   
Address:
   
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
CANADIAN LENDER   COMMITMENT  
       
       
NATIONAL BANK OF CANADA   Total Commitments: US$33,150,000
    (Pro-rata for all  
    Canadian Facilities)  
       
       
    Participation for all  
    Canadian Facilities: 8.5000%
 
 
 


 
Per:
/s/ Richard Lo
 
    Name:
Richard Lo
 
    Tel:
416-507-9200
 
    Fax:
416-869-6545
 
    Email:
richard.lo@nbc.ca
 
    Address:
The Exchange Tower
130 King Street W., Suite 3200
Toronto ON M5X 1J9
 

 
 
 
Per:
/s/ David Torrey
 
    Name:
David Torrey
 
    Tel:
416-869-6550
 
    Fax:
416-869-6545
 
    Email:
david.torrey@nbc.ca
 
    Address:
The Exchange Tower
130 King Street W., Suite 3200
Toronto ON M5X 1J9
 
 
 

Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
CANADIAN LENDER   COMMITMENT  
       
       
U.S. BANK NATIONAL ASSOCIATION   Total Commitments: US$33,150,000
CANADA BRANCH   (Pro-rata for all  
    Canadian Facilities)  
       
       
    Participation for all  
    Canadian Facilities: 8.5000%
 
 
 

 
 
Per:
/s/ Joseph Rauhala
 
    Name:
Joseph Rauhala, Principal Officer
 
    Tel:
416-306-3507
 
    Fax:
416-306-3545
 
    Email:
joseph.rauhala@usbank.com
 
    Address:
Suite 2300, 120 Adelaide St. West
Toronto, ON, M5H 1T1
 
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
CANADIAN LENDER   COMMITMENT  
       
       
ROYAL BANK OF CANADA   Total Commitments: US$31,200,000
    (Pro-rata for all  
    Canadian Facilities)  
       
       
    Participation for all  
    Canadian Facilities: 8.0000%
 
 
 
 
 
 
Per:
/s/ Michael G. Wang
 
    Name:
Michael Wang
 
    Tel:
416-842-9877
 
    Fax:
416-842-4090
 
    Email:
Michael.wang@rbccm.com
 
   
Address:
 
 
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
CANADIAN LENDER   COMMITMENT  
       
       
BANKUNITED N.A.   Total Commitments: US$15,600,000
    (Pro-rata for all  
    Canadian Facilities)  
       
       
    Participation for all  
    Canadian Facilities: 4.0000%

 
 
 
 
Per:
/s/ Charles J. Klenk
 
    Name:
Charles J. Klenk
 
    Tel:
305.698.4113
 
    Fax:
305.818.1364
 
    Email:
cklenk@bankunited.com
 
    Address:
7765 NW 148th Street
 
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
U.S. LENDER   COMMITMENT  
       
       
TORONTO DOMINION   Total Commitments: US$5,850,000
(TEXAS) LLC   (Pro-rata for all U.S.  
    Facilities)  
       
       
    Participation for all  
    U.S. Facilities: 5.3182%
 
 
 
 
 
Per:
/s/ Alice Mare
 
    Name:
Alice Mare, Authorized Signatory
 
   
Tel:
   
   
Fax:
   
   
Email:
   
   
Address:
   
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
U.S. LENDER   COMMITMENT  
       
       
JPMORGAN CHASE BANK, N.A.   Total Commitments: US$20,000,000
    (Pro-rata for all U.S.  
    Facilities)  
       
       
    Participation for all  
    U.S. Facilities: 18.1818%
 
 

 
 
Per:
/s/ Jeffrey Coleman
 
    Name:
Jeffrey Coleman
 
    Tel:
416-981-2327
 
    Fax:
416-981-9278
 
    Email:
jeffrey.s.coleman@jpmorgan.com
 
    Address:
Royal Bank Plaza, South Tower
200 Bay Street, Suite 1800
Toronto, Ontario, M5J 2J2
 
 

 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
U.S. LENDER   COMMITMENT  
       
       
BANK OF MONTREAL   Total Commitments: US$11,000,000
CHICAGO BRANCH   (Pro-rata for all  
    U.S. Facilities)  
       
       
    Participation for all  
    U.S. Facilities: 10.0000%
 
 
 

 
Per:
/s/ Yacouba Kane
 
    Name:
Yacouba Kane
 
    Tel:
312-461-2747
 
    Fax:
312-293-4948
 
    Email:
yacouba.kane@bmo.com
 
    Address:
115 South LaSalle St, 25th FL West,
Chicago, IL 60603
 
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
U.S. LENDER   COMMITMENT  
       
       
HSBC BANK CANADA
 
Total Commitments:
US$11,000,000
    (Pro-rata for all  
    U.S. Facilities)  
       
       
    Participation for all  
    U.S. Facilities: 10.0000%
 

 
 
 
Per:
/s/ Jesse MacMasters
 
    Name:
Jesse MacMasters
 
    Tel:
416-868-8194
 
    Fax:
416-350-1248
 
    Email:
Jesse_MacMasters@hsbc.ca
 
    Address:
70 York Street, 4th Floor, Toronto, ON, M5J 1S9
 

 
 
 
Per:
/s/ Andrew Sclater
 
    Name:
Andrew Sclater
 
    Tel:
416-868-8074
 
    Fax:
416-350-1248
 
    Email:
andrew.r.sclater@hsbc.ca
 
    Address:
70 York Street, 4th Floor, Toronto, ON, M5J 1S9
 
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
U.S. LENDER   COMMITMENT  
       
       
THE BANK OF NOVA SCOTIA   Total Commitments: US$11,000,000
    (Pro-rata for all U.S.  
    Facilities)  
       
       
    Participation for all  
    U.S. Facilities: ­­­­­10.0000%
 
 
 

 
Per:
/s/ Steve Holyman
 
    Name:
Steve Holyman
 
    Tel:
416.866.6418
 
    Fax:
416.866.2010
 
    Email:
steve.holyman@scotiabank.com
 
    Address:
40 King Street West, Scotia Plaza, 62nd Floor
Toronto, ON, M5W 2X6
 

 
 
 
Per:
/s/ Katherine Hogg
 
    Name:
Katherine Hogg
 
    Tel:
416.607.0004
 
    Fax:
416.866.2010
 
    Email:
Katherine.hogg@scotiabank.com
 
    Address:
40 King Street West, Scotia Plaza, 62nd Floor
Toronto, ON, M5W 2X6
 
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
U.S. LENDER   COMMITMENT  
       
       
BANK OF AMERICA, N.A.,   Total Commitments: US$9,900,000
CANADA BRANCH   (Pro-rata for all  
    U.S. Facilities)  
       
       
    Participation for all  
    U.S. Facilities: 9.0000%
 
 
 
 
 
Per:
/s/ Jason Hoogenboom
 
    Name:
Jason Hoogenboom
 
    Tel:
416-369-3972
 
    Fax:
416-369-8148
 
    Email:
jason.hoogenboom@baml.com
 
    Address:
181 Bay Street, Suite 400
Toronto, ON, M5J 2V8, Canada
 

 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
 
U.S. LENDER   COMMITMENT  
       
       
CANADIAN IMPERIAL BANK OF   Total Commitments: US$9,350,000
COMMERCE, NEW YORK BRANCH   (Pro-rata for all  
    U.S. Facilities)  
       
       
    Participation for all  
    U.S. Facilities: 8.5000%
 
 
 

 
Per:
/s/ Andrew Campbell
 
    Name:
Andrew Campbell
 
    Tel:
212 856-3918
 
    Fax:
212-856-3991
 
    Address:
425 Lexington, 4th floor, NY, NY, 10017
 
 
 
 
 
Per:
/s/ Dominic Sorresso
 
    Name:
Dominic Sorresso
 
    Tel:
212-856-4133
 
    Fax:
212-856-3991
 
    Address:
425 Lexington, 4th floor, NY, NY, 10017
 
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
U.S. LENDER   COMMITMENT  
       
       
NATIONAL BANK OF CANADA   Total Commitments:  US$9,350,000
    (Pro-rata for all  
    U.S. Facilities)  
       
       
    Participation for all  
    U.S. Facilities: 8.5000%
 
 
 
 
 
Per:
/s/ Richard Lo
 
    Name:
Richard Lo
 
    Tel:
416-507-9200
 
    Fax:
416-869-6545
 
    Email:
richard.lo@nbc.ca
 
    Address:
The Exchange Tower
130 King Street W., Suite 3200
Toronto ON M5X 1J9
 

 
 
 
Per:
/s/ David Torrey
 
    Name:
David Torrey
 
    Tel:
416-869-6550
 
    Fax:
416-869-6545
 
    Email:
david.torrey@nbc.ca
 
    Address:
The Exchange Tower
130 King Street W., Suite 3200
Toronto ON M5X 1J9
 
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
U.S. LENDER   COMMITMENT  
       
       
U.S. BANK N.A.   Total Commitments: US$9,350,000
    (Pro-rata for all  
    U.S. Facilities)  
       
       
    Participation for all  
    U.S. Facilities: 8.5000%
 

 
 
 
Per:
/s/ Carlos Munoz
 
    Name:
Carlos Munoz
 
    Tel:
858-334-0718
 
    Fax:
858-334-0800
 
    Email:
carlos.munoz@usbank.com
 
    Address:
4747 Executive Drive 3rd Floor
San Diego, CA 92121
 
 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement

 
 

 
 
U.S. LENDER   COMMITMENT  
       
       
ROYAL BANK OF CANADA   Total Commitments: US$8,800,000
    (Pro-rata for all U.S.  
    Facilities)  
       
       
    Participation for all  
    U.S. Facilities: 8.0000%
 
 
 
 
 
Per:
/s/ Michael G. Wang
 
    Name:
Michael Wang
 
    Tel:
416-842-9877
 
    Fax:
416-842-4090
 
    Email:
Michael.wang@rbccm.com
 
   
Address:
 
 
     
 
 
         
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
 
U.S. LENDER   COMMITMENT  
       
       
BANKUNITED N.A.   Total Commitments: US$4,400,000
    (Pro-rata for all  
    U.S. Facilities)  
       
       
    Participation for all  
    U.S. Facilities: 4.0000%
 
 
 
 
 
Per:
/s/ Charles J. Klenk
 
    Name:
Charles J. Klenk
 
    Tel:
305.698.4113
 
    Fax:
305.818.1364
 
    Email:
cklenk@bankunited.com
 
    Address:
7765 NW 148th Street
Miami Lakes, FL 33016
 

 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 

EFFECTIVE DATE ISSUING BANK (CANADA AND U.S.)


 
 
THE TORONTO-DOMINION BANK
 
     
 
Per:
/s/ Tim Thomas
 
    Name:
Tim Thomas
 
    Tel:
416 307-3869
 
    Fax:
416 944-5164
 
    Email:
tim.thomas@tdsecurities.com
 
    Address:
66 Wellington Street West, 8th Floor
TD Tower
Toronto, ON M5K 1A2
 
 
 
 

 
Per:
/s/ Richard Robarts
 
    Name:
Richard Robarts
 
    Tel:
416 307-7900
 
    Fax:
416 308-4481
 
    Email:
richard.robarts@tdsecurities.com
 
    Address:
66 Wellington Street West, 10th Floor
TD Tower
Toronto, ON M5K 1A2
 


 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
EFFECTIVE DATE ISSUING BANK (U.S.)


 
 
JPMORGAN CHASE BANK, N.A.
 
     
 
Per:
/s/ Jeffrey Coleman
 
    Name:
         Jeffrey Coleman
 
    Tel:
         416-981-2327
 
    Fax:
         416-981-9278
 
    Email:
         jeffrey.s.coleman@jpmorgan.com
 
    Address:
Royal Bank Plaza, South Tower
200 Bay Street, Suite 1800
Toronto, Ontario, M5J 2J2
 

 
 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 
EFFECTIVE DATE ISSUING BANK (U.S.)


 
 
THE TORONTO-DOMINION BANK, NEW YORK BRANCH
 
     
 
Per:
/s/ Robyn Zeller
 
    Name:
Robyn Zeller, Vice President
 
   
Tel:
   
   
Fax:
   
   
Email:
   
   
Address:
 
 
 

 
 
Signature Page to Second Amendment to Sixth Amended and Restated Credit Agreement
 
 
 

 

 
EXHIBIT “A”
 

 
Please see attached
 
 
 
 
 
 
 
 
 
 
 
 

 
SCHEDULE "L" TO THE SIXTH AMENDED AND RESTATED CREDIT AGREEMENT DATED AS OF MARCH 1, 2012 BY AND AMONG, AMONGST OTHERS, FIRSTSERVICE CORPORATION, AS CANADIAN BORROWER, FIRSTSERVICE (USA), INC. AND FIRSTSERVICE DELAWARE, LP, AS U.S. BORROWERS, THE WHOLLY-OWNED SUBSIDIARIES NAMED ON THE EXECUTION PAGES THEREOF, AS UNLIMITED GUARANTORS, THE BANKS NAMED ON THE EXECUTION PAGES THEREOF, AS LENDERS, TD SECURITIES, AS SOLE LEAD ARRANGER AND SOLE BOOKRUNNER, THE TORONTO-DOMINION BANK, AS COLLATERAL AGENT, THE TORONTO-DOMINION BANK, AS CANADIAN ADMINISTRATION AGENT AND TORONTO DOMINION (TEXAS), LLC, AS U.S. ADMINISTRATION AGENT.
 
COMMITMENTS
 
FirstService Corporation
Commitments
 
 
Canadian Facilities
U.S. Facilities
   
Lenders
Canadian
Sponsor
Commitment
Canadian Swingline
Commitment
Canadian Revolving
Facility Commitment
Total Canadian
Commitment
%
U.S. Swingline
Commitment
U.S. Revolving
Facility
Commitment
Total U.S.
Commitment
%
Total
Commitments
Total %
The Toronto-Dominion Bank
 
$10,000,000
$49,150,000
$59,150,000
15.1667%
       
$59,150,000
11.83%
Toronto Dominion (Texas) LLC
           
$5,850,000
$5,850,000
5.3182%
$5,850,000
1.17%
JPMorgan Chase Bank, N.A., Toronto Branch
   
$32,500,000
$32,500,000
8.3333%
       
$32,500,000
6.50%
JPMorgan Chase Bank, N.A.
         
$20,000,000
 
$20,000,000
18.1818%
$20,000,000
4.00%
Bank of Montreal
   
$39,000,000
$39,000,000
10.0000%
       
$39,000,000
7.80%
Bank of Montreal, Chicago Branch
           
$11,000,000
$11,000,000
10.0000%
$11,000,000
2.20%
HSBC Bank Canada
$7,500,000
 
$31,500,000
$39,000,000
10.0000%
       
$39,000,000
7.80%
HSBC Bank Canada
           
$11,000,000
$11,000,000
10.0000%
$11,000,000
2.20%
The Bank of Nova Scotia
   
$39,000,000
$39,000,000
10.0000%
       
$39,000,000
7.80%
The Bank of Nova Scotia
           
$11,000,000
$11,000,000
10.0000%
$11,000,000
2.20%
Bank of America, N.A., Canada Branch
   
$35,100,000
$35,100,000
9.0000%
       
$35,100,000
7.02%
 
 
 
 

 
-2-
 
 
 
Canadian Facilities
U.S. Facilities
   
Lenders
Canadian
Sponsor
Commitment
Canadian Swingline
Commitment
Canadian Revolving
Facility Commitment
Total Canadian
Commitment
%
U.S. Swingline
Commitment
U.S. Revolving
Facility
Commitment
Total U.S.
Commitment
%
Total
Commitments
Total %
Bank of America, N.A., Canada Branch
           
$9,900,000
$9,900,000
9.0000%
$9,900,000
1.98%
Canadian Imperial Bank of Commerce
   
$33,150,000
$33,150,000
8.5000%
       
$33,150,000
6.63%
Canadian Imperial Bank of Commerce, New York Branch
           
$9,350,000
$9,350,000
8.5000%
$9,350,000
1.87%
National Bank of Canada
   
$33,150,000
$33,150,000
8.5000%
       
$33,150,000
6.63%
National Bank of Canada
           
$9,350,000
$9,350,000
8.5000%
$9,350,000
1.87%
U.S. Bank National Association Canada Branch
   
$33,150,000
$33,150,000
8.5000%
       
$33,150,000
6.63%
U.S. Bank N.A.
           
$9,350,000
$9,350,000
8.5000%
$9,350,000
1.87%
Royal Bank of Canada
   
$31,200,000
$31,200,000
8.0000%
       
$31,200,000
6.24%
Royal Bank of Canada
           
$8,800,000
$8,800,000
8.0000%
$8,800,000
1.76%
BankUnited N.A.
   
$15,600,000
$15,600,000
4.0000%
       
$15,600,000
3.12%
BankUnited N.A.
           
$4,400,000
$4,400,000
4.0000%
$4,400,000
0.88%
 
$7,500,000
$10,000,000
$372,500,000
$390,000,000
100.00%
$20,000,000
$90,000,000
$110,000,000
100.00%
$500,000,000
100.00%