CBIZ expanded its unsecured credit facility
from $214m to $275m last week.

CBIZ said the new credit facility will enable
it to grow by acquisition and provide greater flexibility with the
refinancing of $100m in subordinated convertible notes.

The new credit facility, which expires in June
2014, involves seven banks and is led by Bank of America. 

CBIZ is a New York Stock Exchange-listed US
firm and member of Kreston International. The company has a market
capitalisation of $411 million.