Toronto, Canada, October 2, 2009– Constellation Software Inc. (“Constellation”) (TSX: CSU) announced today it has entered into a restated credit agreement to increase its credit facility from U.S.$130 million to U.S.$160 million. The facility will be available for both working capital and acquisitions and matures on September 30, 2012.
“Having completed eight acquisitions in the third quarter, we are reasonably optimistic about the acquisition environment. The amendment to our credit facility, which increases our syndicate from three to five banks, provides us increased capacity to explore further acquisition opportunities” said John Billowits, Chief Financial Officer of Constellation.
About Constellation
Constellation’s common shares are listed on the Toronto Stock Exchange under the symbol “CSU”. Constellation Software is an international provider of market leading software and services to a number of industries across both the public and private sectors. The Company acquires, manages and builds vertical market software businesses that provide mission-critical software solutions to address the specific needs of its customers in those industries.