Le Lézard
Classified in: Business

Brookfield Residential Announces New $675 Million North American Unsecured Revolving Credit Facility

CALGARY, Alberta, March 08, 2018 (GLOBE NEWSWIRE) -- Brookfield Residential Properties Inc. and Brookfield Residential US Corporation (collectively, "Brookfield Residential" or the "Company") today announced that the Company has finalized a new North American unsecured revolving credit facility, to allow borrowings in an aggregate amount of up to $675 million. The unsecured facility, which closed today and matures in March 2021, eliminated the Company's existing C$505 million secured Canadian bank facilities and replaced the $275 million revolving U.S. credit facility, which was scheduled to mature in August 2018.

Brookfield Residential Properties Inc. is a leading land developer and homebuilder in North America. We entitle and develop land to create master-planned communities, build and sell lots to third-party builders, and conduct our own homebuilding operations. We also participate in select, strategic real estate opportunities, including infill projects, mixed-use developments, and joint ventures. We are the flagship North American residential property company of Brookfield Asset Management, a leading global alternative asset manager with approximately $285 billion of assets under management. Further information is available at BrookfieldResidential.com or Brookfield.com or contact:

Investor Relations
Tel: 855.234.8362
Email: investor.relations@brookfieldrp.com

These press releases may also interest you

at 13:54
Aldridge Minerals Inc. ("Aldridge" or the "Company") today announced that it has entered into an agreement (the "Amending Agreement") to amend the terms of the previously announced arrangement agreement (the "Arrangement Agreement") between Aldridge...

at 13:50
The Yield Growth Corp. , is pleased to announce that it has appointed Mr. Thomas Bond to the Yield Growth Board of Directors and appointed him as Chairman of the Board of Urban Juve Provisions Inc., which is 100% owned by Yield Growth. Thomas Bond...

at 13:48
Pure Multi-Family REIT LP ("Pure Multi-Family") announced today that the Board of Directors of Pure Multi-Family REIT (GP) Inc., the governing general partner of Pure Multi-Family, has approved a cash distribution of US$0.03125 per unit for the...

at 13:46
Preston Argus has launched the Sustainability Scorecard, a tool that museums, historic sites and organizations, zoos, aquariums, planetariums, botanic gardens, and museum and history associations can use to compare or benchmark themselves with their...

at 13:38
The opioid crisis is devastating individuals, families and communities across the country. Without increased access to effective, evidence-based treatment options, people with substance use disorder will continue to be at risk for overdose. Today,...

at 13:36
Today, Dole Packaged Foods teamed up with FOOD Share (a Feeding America food bank) to announce the theme of its ninth annual Rose Parade® Float, Rhythm of Paradise. The 2019 Rose Parade Float, Rhythm of Paradise,...

News published on 8 march 2018 at 19:03 and distributed by: