Transaction|May 12, 2025
Avenue Living establishes C$250 million revolving credit facility
Torys acted as counsel to Avenue Living with a team that included Kevin Fougere, Tyrel Henderson and Megan Funke (lending) and Steve Marshall (tax).
On May 12, 2025, Avenue Living (2014) LP (“Avenue Living”) announced the establishment of a new revolving credit facility of C$250 million with a Canadian Schedule I bank, reinforcing its strong liquidity position.
The credit facility was announced concurrently with its inaugural offering of C$250 million aggregate principal amount of Series A senior unsecured notes, maturing May 12, 2030.
Further information can be found on Globe Newswire’s website.
Avenue Living is a property owner/operator with over C$7.4 billion in assets under management across more than 50 markets in Canada and the United States.