Le Lézard
Classified in: Business
Subject: FINANCING AGREEMENTS

Flow Capital Announces Completion of Follow-On Investment by Flow Priority Return Fund II LP


TORONTO, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Flow Capital Corp. (TSXV: FW) ("Flow Capital" or the "Company") announces that it has completed a second close of $2.6 million towards an aggregate investment of $19.6 million, through Flow Priority Return Fund II LP ("PRF II"), in consideration for the grant of an additional royalty interest to PRF II in certain of Flow Capital's existing investments.

A collection of arm's-length institutional and high net worth investors have subscribed for 2.08 million senior F units of PRF II, in the current closing. Pursuant to the terms of PRF II, the Company has subscribed for 0.52 million subordinated units, equal to 25% of the capital raised in senior units issued.

For further details on PRF II, please refer to the Company's press release dated October 15, 2020, which can be found on the Company's SEDAR profile at www.sedar.com or on the Company's website at www.flowcap.com.

About Flow Capital

Flow Capital Corp. is a diversified alternative asset investor, specializing in providing minimally dilutive capital to high-growth businesses. To apply for financing, visit www.flowcap.com.

For further information, please contact:

Flow Capital Corp.

Alex Baluta
Chief Executive Officer
[email protected]

1 Adelaide Street East, Suite 3002,
PO Box 171,
Toronto, Ontario M5C 2V9



These press releases may also interest you

at 08:47
Kunes Auto & RV Group, a Midwest automotive group, is continuing its company growth with the opening of its new store in Beloit, Rock County, Wisconsin. Purchased from Finley GMC, the new automotive store will operate as Kunes GMC of Beloit starting...

at 08:43
WIN (Women In Negotiation) is pleased to announce Walmart Connect as its presenting sponsor - for its eighth annual WIN Summit to be held Thursday, May 30, 2024 in New York City....

at 08:38
Staffing Industry Analysts announced its 2024 Best Staffing Firms to Work For list this week, honoring Omaha-based healthcare company Fusion as a winner in the category of staffing firms with more than 500 employees. SIA's Best Staffing Firms to...

at 08:37
In a landmark move, Greenlight Commercial Funding (GCF) has announced its support for Audacity Zone Developments, INC. through an $11 million Series A Preferred Equity Offering. This underscores the company's unwavering commitment to fostering...

at 08:36
Brody's Crafted Cocktails, the highly-acclaimed premium ready-to-serve craft cocktails, proudly announces its latest addition to an ambitious 2024 expansion strategy in collaboration with Savannah Distributing Company. This family-operated wholesale...

at 08:35
SatixFy Communications Ltd. (the "Company" or "SatixFy") , a pioneering force in next-generation satellite communication systems driven by in-house developed chipsets, has released its consolidated financial results for the full year period ended...



News published on and distributed by: