Park Lawn closed a new bank financing arrangement with National Bank of Canada.

The five-year financing arrangement more than doubles PLC’s borrowing capacity to $32.5 million. The additional credit will provide PLC with further flexibility as it continues to pursue its growth strategy. In particular, the revolving credit facility will support PLC’s ability to capitalize on new acquisition opportunities as they arise and continue to make strategic investments in its existing group of companies while maintaining a prudent approach to leverage.

“We are pleased to be expanding our relationship with National Bank, which has long been a strong supporter of PLC’s strategic vision. I am confident that this transaction will enhance our success as we continue to grow our business in both Canada and the U.S.,” said Andrew Clark, chairman and CEO of Park Lawn.

Toronto-based Park Lawn provides goods and services associated with the disposition and memorialization of human remains.