Integrated Asset Management Corp. and Integrated Private Debt Corp. Announce $33 Million Financing for All Seniors Care Living Centres
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 06/28/12 -- Integrated Asset Management Corp. ("IAM") (TSX: IAM) and its private corporate debt group, Integrated Private Debt Corp. ("IPD"), announce the closing of a $33 million senior loan to All Seniors Care Living Centres ("All Seniors") on June 26, 2012.
The capital raised by All Seniors will be used to repay construction financing for its Ottawa based Beacon Heights Retirement Residence.
All Seniors, based in Toronto, was formed in 2005 by George Kuhl, the former Vice-Chairman and Co-CEO of Retirement Residences REIT. In seven years, All Seniors has grown to 21 properties across Alberta, Saskatchewan, Manitoba, Ontario and Quebec. All Seniors operates its residences primarily as independent supportive living residences.
Philip Robson, President of IPD said "We are delighted to have this opportunity to provide All Seniors with long term fixed rate capital. All Seniors is a well managed company with an excellent track record of generating positive cash flows."
IPD manages and provides funding from its $1.1 billion Integrated Private Debt Fund on behalf of a number of pension funds and other institutional investors. IPD offers fixed rate, investment grade term loans to mid-market companies for such purposes as refinancing existing debt, acquisitions, plant expansion or modernization, project financing and management buyouts.
IAM is one of Canada's leading alternative asset management companies, with approximately $2.0 billion in assets and committed capital under management in private corporate debt, real estate, managed futures, global bonds, private equity and retail alternative investments.
Contacts:
Integrated Private Debt Corp.
Michael LeClair
Managing Director
416-367-9627
Integrated Private Debt Corp.
Philip S. Robson
President
416-367-5972
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Datum: 28.06.2012 - 08:05 Uhr
Sprache: Deutsch
News-ID 1128832
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