Constellation Software Inc.
TSX : CSU

Constellation Software Inc.

May 01, 2008 17:28 ET

Constellation Software Announces New Credit Facility

TORONTO, ONTARIO--(Marketwire - May 1, 2008) - Constellation Software Inc. ("Constellation") (TSX:CSU) announced today it has established a new syndicated revolving credit facility for U.S.$105 million to replace its current U.S.$50 million facility. The new facility is available for both working capital and future acquisitions.

"After deploying over $50 million on acquiring new companies in 2007, we continue to remain optimistic about our acquisition prospects in 2008. Although we don't have an immediate need for the additional funds, this facility provides us increased capacity to make acquisitions should the opportunities arise." 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.

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