Tricon Capital Group Inc., an asset manager and principal investor focused on the residential real estate industry in North America, announced it has increased its corporate revolving credit facility to $175 million from $105 million with RBC Capital Markets serving as lead arranger, sole bookrunner and administrative agent.  The facility included a syndicate of lenders comprised of Royal Bank of Canada, The Toronto-Dominion Bank, Bank of Montreal, JPMorgan Chase Bank, National Bank of Canada, Alberta Treasury Branches, Raymond James Bank, Canadian Western Bank and Laurentian Bank of Canada.  The credit facility may be increased to $200 million with the approval of the lenders.  The remaining key terms of the credit facility, including pricing and a maturity date of April, 2018, remain unchanged.

"We are pleased to complete this upsize in our corporate credit facility to $175 million, which was oversubscribed," stated David Berman, Tricon's Chief Executive Officer, "this facility is an important part of our overall financing strategy emphasizing financial flexibility, moderate corporate leverage and an ability to continue to achieve our growth objectives in the short and long term."

Tricon is an asset manager and principal investor focused on the residential real estate industry in North America with approximately $2.3 billion of assets under management.  Tricon owns, or manages on behalf of third party investors, a portfolio of investments in land and homebuilding assets, single-family rental homes, manufactured housing communities, and multi-family properties.