Integrated Asset Management Corp. and Integrated Private Debt Corp. Announce $25.4 Million Financing for N-Viro Sudbury LP
July 15 2013 - 7:30AM
Marketwired Canada
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Integrated Private Debt Corp.
Michael LeClair
Managing Director
416-367-9627
mleclair@iamgroup.ca
Integrated Private Debt Corp.
Philip S. Robson
President
416-367-3972
probson@iamgroup.ca
www.iamgroup.ca
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