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Brookfield Residential Announces New $675 Million North American Unsecured Revolving Credit Facility

Mar 08, 2018

CALGARY, Alberta, Mar 08, 2018 (GLOBE NEWSWIRE via COMTEX News Network) -- Brookfield Residential Properties Inc. and Brookfield Residential US Corporation (collectively, "Brookfield Residential" or the "Company") today announced that the Company has finalized a new North American unsecured revolving credit facility, to allow borrowings in an aggregate amount of up to $675 million. The unsecured facility, which closed today and matures in March 2021, eliminated the Company's existing C$505 million secured Canadian bank facilities and replaced the $275 million revolving U.S. credit facility, which was scheduled to mature in August 2018.

Brookfield Residential Properties Inc. is a leading land developer and homebuilder in North America. We entitle and develop land to create master-planned communities, build and sell lots to third-party builders, and conduct our own homebuilding operations. We also participate in select, strategic real estate opportunities, including infill projects, mixed-use developments, and joint ventures. We are the flagship North American residential property company of Brookfield Asset Management, a leading global alternative asset manager with approximately $285 billion of assets under management. Further information is available at or or contact:

Investor Relations

Tel: 855.234.8362


(C) Copyright 2018 GlobeNewswire, Inc. All rights reserved.

SOURCE: Comtex

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