Atrium Mortgage Investment Corporation Increases Its Revolving Operating
Credit Facility to $80 Million
TORONTO, Oct. 10, 2013 (GLOBE NEWSWIRE) -- 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.
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
CONTACT: Robert G. Goodall
President and Chief Executive Officer
Jeffrey D. Sherman
Chief Financial Officer
Press spacebar to pause and continue. Press esc to stop.