On Aug. 7, 2025, Timbercreek Financial entered into a second amending agreement to the third amended and restated credit agreement with a syndicate of nine lenders. The new credit agreement provides for revolving credit facilities totaling $600 million, including a $20 million swingline facility, up from the previous $510 million credit facility. The facility also includes a $100 million accordion feature for future expansion, subject to certain conditions. The term of the new credit agreement is two years, maturing on Aug. 7, 2027. The Toronto-Dominion Bank will continue to act as sole lead arranger, sole book-runner and administration agent.
Proceeds from the new credit agreement will be used for general corporate purposes, including funding net mortgage investments or future acquisitions. The $100 million accordion feature provides additional flexibility for future corporate activities without the cost of paying standby commitment fees.
