Timbercreek Financial increases bought deal offering of convertible debentures to C$50M
June 22, 2021
50.00 Million CAD
On June 22, 2021, Timbercreek Financial Corp. (Timbercreek) announced that, it has increased the size of the previously announced bought deal offering to C$50 million aggregate principal amount of 5.25% convertible unsecured subordinated debentures of Timbercreek due July 31, 2028. Timbercreek entered into an agreement with a syndicate of underwriters led by National Bank Financial Inc. and TD Securities Inc.
Timbercreek 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 Joyce Lee that included Michael Eldridge, Gerald Gaunt, Michael Alty, Patrick McCay, Mike Hegedus, Justin Shoemaker, DJ Lynde, Angela Lizotte, Jordan Chu and Micky Hoskin.