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Tricon Capital Group boosts corporate revolver to $500M

Tricon Capital Group Inc said in its second-quarter earnings release that it amended its corporate revolving credit facility with a syndicate of lenders.

Under the amended revolver, the size of the credit facility was increased by $135 million to $500 million; the due date was extended to July 31, 2022; and the interest rates and standby fees were reduced by up to 50 basis points and up to 21.25 basis points, respectively.