- Timbercreek Financial (TF) is pleased to announce that the underwriters of its bought deal offering have exercised their over-allotment option raising the total amount issued to $46 million
- The debentures are listed on the Toronto Stock Exchange under the symbol TF.DB.E
- The net proceeds from the exercise of the over-allotment option to repay its secured revolving credit facility and for general corporate purposes
- Timbercreek Financial is a non-bank commercial real estate lender
- Timbercreek Financial Corp. (TF) opened trading at C$9.52 per share
Timbercreek Financial (TF) is pleased to announce that the underwriters of its bought deal offering have fully exercised their over-allotment option.
Timbercreek issued an additional $6 million aggregate principal amount of debentures, increasing the total aggregate amount issued to $46 million.
The debentures are listed on the Toronto Stock Exchange under the symbol TF.DB.E.
The syndicate of underwriters was co-led by National Bank Financial Inc. and TD Securities Inc. and included RBC Dominion Securities Inc., CIBC World Markets Inc., Canaccord Genuity Corp., Raymond James Ltd., BMO Nesbitt Burns Inc., Scotia Capital Inc., iA Private Wealth Inc., Manulife Securities Incorporated and Stifel Nicolaus Canada Inc.
The net proceeds from the exercise of the over-allotment option to repay amounts owing under its secured revolving credit facility and for general corporate purposes.
Timbercreek Financial is a leading non-bank, commercial real estate lender providing shorter-duration, structured financing solutions to commercial real estate investors.
Timbercreek Financial Corp. (TF) opened trading at C$9.52 per share.