Park Lawn Corporation Announces Upsize to Credit Facility
CIBC Joins PLC's Banking Syndicate
TORONTO, ONTARIO--(November 25, 2019) - Park Lawn Corporation (TSX:PLC) (“PLC”) is pleased to announce an increase to its syndicated bank financing arrangement as well as the addition of CIBC to the syndicate led by National Bank of Canada and including Bank of Montreal, Bank of America and The Toronto-Dominion Bank.
Park Lawn Corporation Recognized as TSX Top Performer
Listed among 30 companies with strongest share price appreciation in recent years
Park Lawn Corporation (TSX: PLC) (“PLC” or the “Company”), the largest publicly-traded, Canadian-owned funeral, cremation and cemetery provider, was recognized this morning as an inaugural member of the Toronto Stock Exchange’s TSX30. The TSX30 is a new program designed to celebrate the 30 top-performing TSX stocks over the last three years, based on dividend-adjusted share price appreciation.
Specialists in Memorialization, Cemetery and Funeral Services
Park Lawn Corporation (TSX: PLC) is the largest publicly traded Canadian-owned funeral, cremation and cemetery provider and is the fastest growing company in the industry in North America. Since 2013 PLC has grown from 6 cemetery properties in Toronto, Ontario to a diverse portfolio of properties and businesses operating across Canada and the US.
With a dynamic leadership team and innovative approach to our operations, PLC has a strategic advantage over the more traditional players in a stagnant industry resistant to change. As the company continues its strong growth both organically and through acquisition, PLC is changing the way products and services are delivered and how customers engage with the marketplace.
2 St. Clair Ave. W. Suite 1300 (Floor 12A) Toronto, ONM4V 1L5 Tel: 1-416-231-1462