Chartwell Announces Two New Credit Facilities Totalling $300 Million
MISSISSAUGA, ON--(Marketwired - May 29, 2017) - Chartwell Retirement Residences ("Chartwell") (TSX: CSH.UN) announced today that it has entered into agreements with a syndicate of Canadian financial institutions, led by Bank of Montreal and The Toronto-Dominion Bank, for two new credit facilities (the "Credit Facilities") totalling $300 million with accordion options for an additional $150 million. The new Credit Facilities replace the existing $200 million and $50 million credit facilities maturing in June 2018.
