Atrium Mortgage Investment Corporation Increases Its Revolving Operating Credit Facility to $80 Million
11 October 2013 - 7:40AM
Atrium Mortgage Investment Corporation (TSX:AI) today increased its
revolving operating credit facility to $80 million, from $50
million previously. The term of the facility is for one year. The
lead arranger for the renewed credit facility is The
Toronto-Dominion Bank. The syndicate of lenders consists of The
Toronto-Dominion Bank and National Bank of Canada.
"This increased facility was warranted as a result of the growth
in our business since the company's successful TSX listing in
September, 2012, and subsequent public offerings totaling $95
million of common shares and convertible debt," noted Robert
Goodall, President and CEO. He continued, "With our offices in
Ontario, Alberta and British Columbia, we have grown our mortgage
portfolio by approximately 35% since the beginning of 2013."
A copy of the credit facility is available on SEDAR at
www.sedar.com.
About Atrium
As a mortgage investment corporation, Atrium is a non-bank
provider of residential and commercial mortgages that lends in
major urban centres in Canada where the stability and liquidity of
real estate are high. Atrium's objectives are to provide its
shareholders with stable and secure dividends and preserve
shareholders' equity by lending within conservative risk
parameters.
CONTACT: Robert G. Goodall
President and Chief Executive Officer
Jeffrey D. Sherman
Chief Financial Officer
(416) 607-4200
ir@atriummic.com
www.atriummic.com
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