TIMIA Capital (TSE:MONT) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
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.