Timbercreek extends C$500 million revolver by a year to 2021

By Wendy Van Sickle

Columbus, Ohio, Dec. 30 – Timbercreek Financial Corp. amended its C$500 million revolving credit facility to extend its term by one year to Dec. 18, 2021, according to a press release.

The revolver is led by Toronto-Dominion Bank acting as lead arranger, bookrunner and administration agent.

The amendment also amends the terms of the credit agreement to provide an option for the company to request each lender to extend the maturity date of its commitment to Dec. 18, 2022 or a later date, at the option of each lender.

Timbercreek is a Toronto-based mortgage investment company.

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