Integrated Asset Management Corp. and IAM Private Debt Group Announce Acquisition and Working Capital Financing for SaltWire Network Inc.
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 04/25/17 -- Integrated Asset Management Corp. ("IAM") (TSX: IAM) and its private corporate debt group, IAM Private Debt Group ("PDG"), announce the closing on April 12, 2017 of a senior loan to SaltWire Network Inc.
The capital raised by SaltWire Network Inc. will assist in working capital needs and asset purchase of TC Transcontinental''s Atlantic Canada newspapers. "IPD''s strong support and professional team of analysts was instrumental in the success of the transaction," said SaltWire President and CEO Mark Lever.
IAM Private Debt Group manages and provides funding from Integrated Private Debt Fund LPs on behalf of a number of pension funds and other institutional investors. PDG 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 $2.6 billion in assets and committed capital under management in real estate and private debt.
Contacts:
Brian Ko
Managing Director
IAM Private Debt Group
416-367-3492
Doug Zinkiewich
Managing Director & Head of
Investment Management
IAM Private Debt Group
416-933-8288
Philip S. Robson
President
IAM Private Debt Group
416-367-3972
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Datum: 25.04.2017 - 08:20 Uhr
Sprache: Deutsch
News-ID 1500340
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