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Constellation Increases Credit Facility(March 13, 2012)
TORONTO, ONTARIO -- (Marketwire) -- 03/13/12 -- Constellation Software Inc. ("Constellation") (TSX:CSU) announced today it has finalized an amendment to increase its credit facility from U.S. $160 million to U.S. $300 million with a syndicate of new and existing institutions. The facility, which expires in 2016, is available for general corporate purposes including acquisitions, working capital, and distributions.
"We are pleased with the size, flexibility and duration of the increased facility," said John Billowits, Chief Financial Officer of Constellation. "The new facility will enable us to take advantage of acquisitions in excess of our operating cash flow, should the opportunities arise."
Constellation acquires, manages and builds vertical market software businesses that provide mission critical software solutions. Constellation's common shares are listed on the Toronto Stock Exchange under the symbol "CSU". Further information about Constellation may be obtained from the Company's web site at http://www.csisoftware.com.
Constellation Software Inc.
Chief Financial Officer
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