Fairstone Financial increases three-year revolver to $1.85 billion

By Sarah Lizee

Olympia, Wash., Nov. 6 – Fairstone Financial Inc. completed an optimization of its three-year revolving securitization facility, lifting the borrowing capacity to $1.85 billion and eliminating the high-cost mezzanine tranche, according to a press release.

The facility was led by a syndicate comprised of Canadian and international banks. National Bank of Canada acted as the structuring lead to the credit facility.

Fairstone is a Montreal-based financial services company.

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