CBIZ EXPANDS ITS UNSECURED CREDIT FACILITY TO $600 MILLION AND EXTENDS MATURITY DATE THROUGH 2027
"In 2021, CBIZ saw exceptional growth in revenue and that momentum has continued through the first quarter of this year. Our growth is the result of the substantial strategic investments that we have made in our people, systems, processes and acquisitions," said
"We value the support of our banking partners and we are pleased to achieve the increased size and flexibility of the amended credit facility," added
About CBIZ
CBIZ is a leading provider of financial, insurance and advisory services to businesses throughout
Forward-Looking Statements
Forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include, but are not limited to, the impact of COVID-19 on the Company's business and operations and those of our clients; the Company's ability to adequately manage and sustain its growth; the Company's dependence on the current trend of outsourcing business services; the Company's dependence on the services of its CEO and other key employees; competitive pricing pressures; general business and economic conditions; and changes in governmental regulation and tax laws affecting the Company's insurance business or its business services operations. A more detailed description of such risks and uncertainties may be found in the Company's filings with the
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SOURCE
Lori Novickis, Director, Corporate Relations, CBIZ, Inc., Cleveland, Ohio, (216) 447-9000