Timbercreek Financial amended its existing revolving credit facilities to extend the term of the facility for an additional year to December 18, 2021.
A syndicate of lenders provides the company’s existing revolving credit facilities in the aggregate principal amount of $500 million with TD Bank acting as sole lead arranger, sole book-runner and administration agent.
The amendment also amends the terms of the company’s second amended and restated credit agreement to provide an option for the company to request each lender to extend the maturity date in respect of their respective commitment from the new maturity date of December 18, 2021 to December 18, 2022 or a later date, at the option of each lender.
Timbercreek Financial is a non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors.
