Timbercreek Financial Secures $600 Million Revolving Credit Facility

Core Insights - Timbercreek Financial Corp. has entered into a new credit agreement with a syndicate of nine lenders, increasing its revolving credit facilities to $600 million from the previous $510 million [1][2] - The new credit agreement includes a $100 million accordion feature for future expansion, providing additional flexibility for corporate activities [1][2] - The term of the new credit agreement is two years, maturing on August 7, 2027, with the Toronto-Dominion Bank acting as the sole lead arranger and administration agent [1] Company Overview - Timbercreek Financial is a non-bank commercial real estate lender that offers structured financing solutions to commercial real estate investors [3] - The company focuses on providing faster execution and more flexible terms compared to traditional Canadian financial institutions [3] - Timbercreek employs thorough underwriting, active management, and strong governance to target strong risk-adjusted returns for investors [3]