Timbercreek Financial Corp. closes extension of C$535M revolving credit facilities
May 10, 2021
535.00 Million CAD
On May 10, 2021, Timbercreek Financial Corp. entered into an amendment to its existing revolving credit facility to extend the term of the facility for an additional sixteen and a half months to May 10, 2023. The agreement also included an amendment of Timbercreek's option to increase the total revolving commitment of the lenders by way of an accordion feature of up to C$100 million. TD Bank is acting as sole lead arranger, sole book-runner and administration agent.
Timbercreek Financial is a leading non-bank, commercial real estate lender focused on providing shorter-duration, structured financing solutions to commercial real estate investors.
McCarthy Tétrault advised Timbercreek with a team led by D.J. Lynde that included Joyce Lee, Ian Mak, Mary Jeanne Phelan, Sarah Ferguson, Michael Alty, and Deb Kay (Business) and Tzen Goh (Real Estate).