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Timbercreek Financial Corporation completes C$46M bought deal offering of convertible debentures

Date Closed

December 03, 2021

Lead Office

Vancouver

Value

46.00 Million CAD

On December 3, 2021, Timbercreek Financial Corporation completed its bought deal offering of convertible debentures due December 31, 2028. Following the initial closing, the over-allotment option was exercised in full. Offering proceeds will be used to repay amounts owed under Timbercreek’s secured revolving credit facility and for general corporate purposes.

Timbercreek Financial is non-banking commercial real estate lender headquartered in Toronto, Canada.

McCarthy Tétrault LLP advised Timbercreek Financial, with a team led by Joyce Lee and Gerald Gaunt and that included Michael Eldridge, Geena Lee (Business), Angela Lizotte, and Kara Bodie.

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