Integrated Asset Management Corp. and Integrated Private Debt Corp. Announce $25.4 Million Financing for N-Viro Sudbury LP
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 07/15/13 -- Integrated Asset Management Corp. ("IAM") (TSX: IAM) and its private corporate debt group, Integrated Private Debt Corp. ("IPD"), announce the closing on June 13, 2013 of a $25.4 million senior loan to N-Viro Sudbury LP ("N-Viro"). The loan comprises a $13.4 construction only financing and a $12.0 million fixed rate construction and term loan. Laurentian Bank is participating in the IPD loan.
The capital raised by N-Viro will be used to assist with the design and construction of a biosolids management facility to be owned by the City of Sudbury and operated by N-Viro.
N-Viro is owned by N-Viro Systems Canada LP, a private Canadian biosolids management company, specializing in the design, build and operation of Canadian based organics management facilities. The Sudbury facility, when completed, will be operated by N-Viro under a long term agreement with the City of Sudbury.
Philip Robson, President of IPD said "We welcome this opportunity to provide N-Viro with long term fixed rate financing. IPD is pleased to have been invited by N-Viro to assist it with the building of assets on behalf of the City of Sudbury. We are especially pleased to include N-Viro in our portfolio, recognizing it to be one of Canada's leading designers and operators of waste organics treatment facilities.
IPD manages and provides funding from the $1.1 billion Integrated Private Debt Fund LPs on behalf of a number of Canadian 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 $1.9 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.
Michael LeClair
Managing Director
416-367-9627
Integrated Private Debt Corp.
Philip S. Robson
President
416-367-3972
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Datum: 15.07.2013 - 12:30 Uhr
Sprache: Deutsch
News-ID 278264
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