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TD Bank Arranges Revolving Credit Facility Extention for Timbercreek Financial

May 14, 2021, 07:27 AM
Filed Under: Lender Finance

On May 10, 2021, Timbercreek Financial Corp. entered into an amendment to its existing revolving credit facility to, among other things, extend the term of the facility for an additional sixteen and a half months to May 10, 2023 and amend the Company’s option to increase the total revolving commitment of the lenders by way of an accordion feature of up to $100 million.

A syndicate of lenders provides the Company’s existing revolving credit facility with a total commitment of $535 million (which includes a $20 million swingline facility), with The Toronto-Dominion Bank acting as sole lead arranger, sole book-runner and administration agent.

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