Le Lézard
Classified in: Business
Subject: FINANCING AGREEMENTS

Integrated Asset Management Corp. and IAM Private Debt Group Announce Financings for Kinectrics Inc. and Kinectrics Enterprises Inc.


TORONTO, Jan. 15, 2018 (GLOBE NEWSWIRE) --

Integrated Asset Management Corp. ("IAM") (TSX:IAM) and its private corporate debt group, IAM Private Debt Group ("IAM PDG"), announce the closing of senior loans to Kinectrics Inc. ("Kinectrics") and to Kinectrics Enterprises Inc.

The capital provided to Kinectrics Inc. will be used to fund the acquisition of Wood Group's (formerly AMEC Foster Wheeler's) Nuclear Americas business ("Wood AN").

Wood AN is a provider of project management, engineering design, technical consulting, safety services and lifecycle management for nuclear power infrastructure.

The proceeds of the Kinectrics Enterprises financing will be used to fund the construction of two facilities, one near the Bruce Power facility and another in Teeswater, ON.

Kinectrics is a leading provider of life cycle management solutions to the nuclear and electric utilities industries. The company offers comprehensive engineering services to help design and implement new technologies for generation, transmission, distribution, and environmental applications.

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. IAM 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 $2.5 billion in assets and committed capital under management in real estate, infrastructure debt and private debt.

For further information, please contact

      Brian Ko     
Managing Director 
IAM Private Debt Group
T: 416-367-3492
E: [email protected]
      or       Philip S. Robson
President
IAM Private Debt Group
416-367-3972   
[email protected] 

www.iamgroup.ca


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