Integrated Asset Management Corp. (TSX:IAM) ("IAM") and its private corporate
debt group, Integrated Private Debt Corp.("IPD") announced today the closing of
a C$30 million long term financing for Brampton Brick Limited (TSX:BBL.A) The
term of the loan is 7 years with interest only for the first two years. Proceeds
will be used to repay a $20 million bank loan and for general corporate
purposes.


Brampton Brick Limited is Canada's second largest manufacturer of clay brick and
manufacturers concrete paving stones, retaining walls, garden walls and enviro
products in Canada and the US under the Oaks Concrete Products trade name. The
Company also manufactures a range of concrete masonry products including stone
veneer, window sills and concrete brick. Products are used for residential
construction, as well as industrial, commercial and institutional building
projects.


John Robertson, President of IPD, said "we are pleased to be supporting such a
strong management team with a history of proven success managing in a cyclical
industry through many economic cycles".


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
$2.1 billion in assets and committed capital under management in private debt,
private equity, managed futures, real estate and retail alternative investments.


International Parkside P... (TSXV:IPD)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more International Parkside P... Charts.
International Parkside P... (TSXV:IPD)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more International Parkside P... Charts.