TORONTO, June 13, 2017 /CNW/ - Mattamy Group Corporation ("Mattamy"), North America's largest privately owned homebuilder, today announced that it has entered into a new three-year, $300 million senior unsecured credit facility with Bank of America, N.A. The facility was used to refinance the Company's prior $285 million senior secured credit facility.
"The additional liquidity from our expanded facility provides us with the capacity to continue delivering on our growth initiatives," stated Bill Tofflemire, Chief Financial Officer. "We were especially pleased to establish this facility on an unsecured basis while maintaining very attractive terms to Mattamy. We appreciate the continued support of our bank partners and their confidence in our strategic plan."
About Mattamy Homes
Mattamy Homes is the largest privately owned homebuilder in North America, with operations across the United States and Canada. Mattamy has sold 90,000 homes in hundreds of communities. In the United States, the company is represented in nine metropolitan areas –Charlotte, Phoenix, Tucson, Jacksonville, Orlando, Tampa, Sarasota, Naples and Southeast Florida – and in Canada, those communities stretch across the Greater Toronto Area, as well as in Ottawa, Calgary and Edmonton. Visit www.mattamyhomes.com for more information.
SOURCE Mattamy Homes Limited
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