Integrated Asset Management Corp.
TSX : IAM

Integrated Asset Management Corp.

October 09, 2008 08:00 ET

Integrated Asset Management Corp. Announces $7.0 Million Term Loan Financing for Vista Resources Harmattan Inc.

TORONTO, ONTARIO--(Marketwire - Oct. 9, 2008) - Integrated Asset Management Corp. (TSX:IAM) ("IAM") and its private corporate debt group, Integrated Private Debt Corp.("IPD") announce a $7,000,000 participation in the total $12,000,000 Senior Secured Term Loan to Vista Resources Harmattan Inc.("Vista"), arranged and syndicated by Stonebridge Financial Corporation.

Vista Resources Inc., a private oil and gas company, was incorporated on October 21, 1999 in Alberta; Vista Resources Harmattan Inc. is a wholly owned subsidiary of Vista Resources Inc. Vista's business plan is to partner with institutional investors in the purchase and financing of producing oil and gas properties that have a clear record of production over a number of years and have an extensive record to verify production and operation costs.

Stonebridge Financial Corporation is a specialty financial services company, with a proven reputation and expertise in structuring financings for syndication in the institutional market.

IPD manages and provides funding from the $1 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.

John Robertson, President of IPD, said "We are pleased to be part of the growth of Vista with Michael Duggan and his team."

IAM is Canada's leading alternative asset management company, with approximately $3.5 billion in assets and committed capital under management in private corporate debt, private equity, managed futures, real estate and retail alternative investments.

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