Montfort Capital Secures Major Credit for Growth
Company Announcements

Montfort Capital Secures Major Credit for Growth

TIMIA Capital (TSE:MONT) has released an update.

Montfort Capital Corporation has announced a new senior secured revolving credit facility for its subsidiary, Brightpath Capital Corporation, with an initial commitment of C$100 million and an option to increase to C$200 million provided by Atalaya Capital Management LP. The funds will fuel Brightpath’s growth in the Canadian mortgage market, specifically in Ontario and British Columbia, with a term of 36 months. Atalaya’s partnership is seen as a significant step for Brightpath to scale its operations and capture market opportunities in Canada.

For further insights into TSE:MONT stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskMontfort Capital Sells TIMIA to Round13 for $6.5M
TipRanks Canadian Auto-Generated NewsdeskMontfort Capital Declares Quarterly Dividends
TipRanks Canadian Auto-Generated NewsdeskMontfort Capital Faces Challenges Yet Optimistic
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App