Integrated Asset Management Corp. and Integrated Private Debt Corp. Announce $30 Million Financing for Tembec
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 07/05/12 -- Integrated Asset Management Corp. ("IAM") (TSX: IAM) and its private corporate debt group, Integrated Private Debt Corp. ("IPD"), announce the closing on June 29, 2012 of a $30 million senior loan to Tembec Energy LP, a subsidiary of Tembec Inc. ("Tembec") (TSX: TMB).
The funding provided by IPD comprises the senior debt component of the $190 million co-generation facility at Tembec's Temiscaming, QC specialty cellulose facility.
Tembec is a manufacturer of forest products - lumber, pulp, paper, and specialty cellulose - and a global leader in sustainable forest management practices. Principal operations are in Canada and France. Tembec has some 4,000 employees and annual sales of approximately $2 billion. Tembec is listed on the TSX (TMB). Additional information on Tembec is available on its website at .
Philip Robson, President of IPD said "We are excited to be a part of this significant investment that Tembec is making in its world class specialty cellulose manufacturing facility by providing long term fixed rate financing. This project represents commitments from Tembec, Hydro Quebec, Investissement Quebec and IPD and we look forward to the opportunity to grow our presence in the province by providing funding to more companies in the near future."
IPD manages and provides funding from the $1.1 billion Integrated Private Debt Fund LPs 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, private equity and retail alternative investments.
Contacts:
Integrated Private Debt Corp.
Greg Dimmer
Managing Director
416-202-6673
Integrated Private Debt Corp.
Philip S. Robson
President
416-367-5972
Integrated Asset Management Corp.
70 University Avenue, Suite 1200
Toronto, Ontario M5J 2M4
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Datum: 05.07.2012 - 06:30 Uhr
Sprache: Deutsch
News-ID 1130381
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