THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, May 28, 2024 (GLOBE NEWSWIRE) -- Timbercreek Financial Corp. (TSX:TF) ("Timbercreek" or the "Company") is pleased to report that it has completed its previously announced bought deal offering of $40 million aggregate principal amount of 7.50% convertible unsecured subordinated debentures of the Company due June 30, 2029 (the "Debentures") with a syndicate of underwriters co-led by National Bank Financial Inc. and TD Securities Inc. and including CIBC World Markets Inc., RBC Dominion Securities Inc., Canaccord Genuity Corp., Raymond James Ltd., BMO Nesbitt Burns Inc., Scotia Capital Inc., iA Private Wealth Inc., ATB Securities Inc. and Manulife Wealth Inc. (collectively, the "Underwriters"). The Underwriters exercised in full the over-allotment option to purchase up to an additional $6 million aggregate principal amount of Debentures, resulting in the issuance by the Company of aggregate principal amount of $46 million of Debentures. The Debentures will trade on the Toronto Stock Exchange under the symbol "TF.DB.F". The Company intends to use the net proceeds of the offering to repay amounts owing under its secured revolving credit facility. The Company intends to subsequently draw on the credit facility for ...