Tag: funding

Quarter Sales of $191.9 million, up 74% from a year earlier,

TORONTO, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Timbercreek Financial Corp. (TSX: TF) ("Timbercreek Financial" or the "Company") is pleased to announce a significant update to its credit facilities. On August 7, 2025, Timbercreek Financial entered into a second amending agreement to the third amended and restated credit agreement (the "New 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 August 7, 2027. The Toronto-Dominion Bank will continue to act as sole lead arranger, sole book-runner, and administration agent.

TORONTO, Aug. 07, 2025 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust ("CAPREIT") (TSX: CAR.UN) announced today its operating and financial results for the three and six months ended June 30, 2025. Management will host a conference call to discuss the financial results on Friday, August 8, 2025 at 9:00 a.m. ET.