January 29, 2018 / 9:42 PM / in 6 months

BRIEF-Timbercreek Financial Announces $40 Mln Public Offering Of Common Shares

Jan 29 (Reuters) - Timbercreek Financial Corp:

* TIMBERCREEK FINANCIAL ANNOUNCES $40 MILLION PUBLIC OFFERING OF COMMON SHARES AND INTENTION TO EXERCISE PORTION OF ACCORDION FEATURE OF ITS CREDIT AGREEMENT

* TIMBERCREEK FINANCIAL CORP - ‍UNDERWRITERS WILL PURCHASE 4.3 MILLION COMMON SHARES OF CO AT $9.30 PER COMMON SHARE​

* TIMBERCREEK FINANCIAL - ‍PROVIDED NOTICE UNDER CREDIT AGREEMENT THAT IT INTENDS TO EXERCISE A PORTION OF $100 MILLION ACCORDION FEATURE​

* TIMBERCREEK FINANCIAL CORP - ‍EXERCISE OF ACCORDION FEATURE WILL INCREASE TOTAL REVOLVING COMMITMENT OF LENDERS BY $40 MILLION Source text for Eikon: Further company coverage:

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