Timbercreek Financial Corp. re-establishes C$90M at-the-market equity program
Date Closed
March 12, 2024
Lead Office
Vancouver
Value
90.00 Million CAD
On March 12, 2024, Timbercreek Financial Corp. ("Timbercreek") filed a base shelf prospectus and launched an at-the-market equity program for the sale of up to C$90 million of its common shares. Timbercreek intends to use any net proceeds for general investment and working capital purposes, including repaying amounts owing under its secured revolving credit facility.
Timbercreek, headquartered in Toronto, Ontario, is a leading non-bank, commercial real estate lender focused on providing shorter-duration, structured financing solutions to commercial real estate investors.
McCarthy Tétrault advised Timbercreek with a team led by Joyce Lee that included Gerald Gaunt, Jordan Chu, Matthew Yensen, Angela Lizotte (Business), Patrick McCay, Jeremy Ho, and Kathryn Walker (Tax).
