Montfort Capital Announces New C$200 Million Credit Facility for Brightpath

About this update from Montfort Capital Corp

[{"type":"text","content":"\n \n \n \n Montfort Capital Announces New C$200 Million Credit Facility for Brightpath\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n OR TO US PERSONS OR FOR DISTRIBUTION TO US NEWSWIRE SERVICES. THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR AN INVITATION TO PURCHASE ANY SECURITIES DESCRIBED IN IT./\n \n \n \n \n \n Credit Facility provided by Atalaya Capital will enable Brightpath's continued growth in the\n \n Ontario\n \n and\n \n British Columbia\n \n markets\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 22, 2024\n \n \n /CNW/ -\n \n Montfort Capital Corporation (\"Montfort\" or the \"Company\")\n \n (TSXV: MONT) (OTCQB: MONTF), a trusted provider of focused private credit strategies for institutional investors, family offices, and wealth managers, today announced an up to\n \n C$200 million\n \n senior secured, revolving credit facility (the \"Credit Facility\") for its wholly-owned subsidiary Brightpath Capital Corporation (\"Brightpath\") from funds managed by Atalaya Capital Management LP (\"Atalaya\"). Brightpath intends to use the credit facility to finance its current portfolio and future originations. The Credit Facility provides for an initial commitment of\n \n C$100 million\n \n , which Brightpath has the option to increase to\n \n C$200 million\n \n , subject to consent of Atalaya. The Credit Facility has a term of 36 months.\n \n \n \"Brightpath has built an impressive origination and servicing platform in the Canadian mortgage market. Brightpath has a unique business model and generates attractive assets that provide utility to underserved Canadian consumers,\" said\n \n Daniel Rosato\n \n , Managing Director at Atalaya. \"We look forward to supporting Brightpath's growth plans with this credit facility.\"\n \n \n \"This partnership with Atalaya aligns Brightpath with a highly-regarded global asset manager,\" said\n \n Blake Albright\n \n , CEO of Brightpath and Chief Capital Officer of M...

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