This website uses cookies for a range of purposes to help us understand your interests and improve the website. By using our website, you acknowledge the use of essential cookies and consent to the use of non-essential cookies, as described in our Cookie Policy. To understand more about how we use cookies or to change your preference and browser settings, please see our Cookie policy

Back toDeals, Cases & Projects
Advanced
Filters

Timbercreek Financial increases bought deal offering of convertible debentures to C$50M

Date Announced

June 22, 2021

Lead Office

Vancouver

Value

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.

 

People