Integrated Asset Management Corp. Announces $ 30 Million Financing for Canlan Ice Sports Corp.

Integrated Asset Management Corp. (TSX: IAM) ("IAM") and its private corporate debt group, Integrated Private Debt Corp.("IPD") announced today the closing of a $30 million financing for Canlan Ice Sports Corp. (TSX: ISE) ("Canlan") The financing is a senior secured note with a 10 year term. Proceeds of the fixed rate loan will be used to refinance $30 million of Canlan's total $50 million credit facility.

 

Canlan, headquartered in Burnaby, B.C., is one of the largest private sector operators of recreational ice sports facilities in North America, with 63 playing surfaces at 21 facilities.

John Robertson, President of IPD, said "Our relationship with Canlan dates back to 1996. The company has made tremendous progress in the last five years and we are delighted to once again be one of their senior lenders."

IPD manages and provides funding from the $1.0 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, plant expansion or modernization, project financing and management buyouts.

IAM is Canada's leading alternative asset management company, with approximately $3.3 billion in assets and committed capital under management in private corporate debt, private equity, managed futures, real estate and retail alternative investments.

Contacts:
Integrated Private Debt Corp
B. Frank Duffy
Managing Director
(416) 367-9626
Email: [email protected]
Website: www.iamgroup.ca