The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Newsfile Corp

Atrium Mortgage Investment Corporation Increases Its Revolving Operating Credit Facility to $80 Million

Thursday, October 10, 2013

Atrium Mortgage Investment Corporation Increases Its Revolving Operating Credit Facility to $80 Million

16:36 EDT Thursday, October 10, 2013

Toronto, Ontario--(Newsfile Corp. - October 10, 2013) - 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.

For further information, please contact

Robert G. Goodall Jeffrey D. Sherman
President and Chief Executive Officer Chief Financial Officer

 

(416) 607-4200
ir@atriummic.com
www.atriummic.com

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections