Integrated Asset Management Corp.
TSX : IAM

Integrated Asset Management Corp.

June 29, 2009 16:30 ET

Integrated Asset Management Corp. Announces $30 Million Financing for Brampton Brick Limited

TORONTO, ONTARIO--(Marketwire - June 29, 2009) - 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.

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