Home Capital renews C$500 million funding facility for one year

By Wendy Van Sickle

Columbus, Ohio, June 29 – Home Capital Group Inc. renewed the C$500 million committed standby secured funding facility between its subsidiary Home Trust Co. and Bank of Montreal and Royal Bank of Canada for one year.

Home Capital does not plan to draw on the credit facility in the ordinary course of business as its liquidity profile provides sufficient funding for its business activities, the company said in a news release.

The Toronto-based company provides Canadians a range of credit products including mortgages, credit cards and deposit services.

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