CBiz Inc. (NYSE: CBZ) said it has amended its $275 million unsecured credit line.

The provider of accounting and other business services said the amendment serves to reduce borrowing costs for the company by one percentage point and extends the June 2014 maturity date by an additional year.

“We are pleased to have such strong support from our bank group to improve the terms of the credit facility, Ware Grove, CBiz senior vice president and chief financial officer, said in a statement. CBiz’s cash flow from operations remains strong and the amended credit facility will continue to provide the company with the ability to grow through strategic acquisitions.”

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