Mr. Blair Tamblyn reports
TIMBERCREEK FINANCIAL SECURES $600 MILLION REVOLVING CREDIT FACILITY
Timbercreek Financial Corp. has provided an update to its credit facilities. 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 totalling $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.
The upsized facility reflects the lenders' confidence in the company's financial position and strategic direction. Proceeds from the new credit agreement will be used for general corporate purposes, including financing 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.
About Timbercreek Financial Corp.
Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors. The company's sophisticated, service-oriented approach allows the company to meet the needs of borrowers, including faster execution and more flexible terms that are not typically provided by Canadian financial institutions. By employing thorough underwriting, active management and strong governance, the comapny is able to meet these needs while targeting strong risk-adjusted returns for investors.
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