Integrated Asset Management Corp.

Integrated Asset Management Corp.

March 20, 2007 08:00 ET

Integrated Asset Management Corp. and Integrated Private Debt Corp. Announce $15 Million Participation in the Financing for The Brick Warehouse LP, a Member of The Brick Group Income Fund

TORONTO, ONTARIO--(CCNMatthews - March 20, 2007) - Integrated Asset Management Corp. (TSX VENTURE:IAM) ("IAM") and its private corporate debt group, Integrated Private Debt Corp.("IPD") announce participation of $15,000,000 in an offering of 6.431 % senior secured notes ("the Notes") in the aggregate principal amount of $83,000,000 to The Brick Warehouse LP, a member of The Brick Group Income Fund (TSX:BRK.UN)("The Brick Group"). The Notes have a maturity date of March 14, 2014 and were sold on a private placement basis through TD Securities Inc.

Headquartered in Edmonton, Canada, The Brick Group is one of Canada's largest volume retailers of household furniture, mattresses and home electronics, operating under four banners: The Brick, United Furniture Warehouse, The Brick Superstore and The Brick Mattress Store.

The net proceeds of the offering of Notes will be used to repay in full all amounts outstanding under the Brick Group's existing $70 million term loan, its existing senior secured mortgages of approximately $10 million, and for liquidity and general corporate purposes.

John Robertson, President of IPD, said "we are delighted to welcome The Brick Group as a client. This transaction provides IPD with more exposure in the syndicated private debt market and we are pleased to again work with TD Securities Inc. on a private placement transaction".

IPD provides funding from and manages the $600 million Integrated Private Debt Fund LP on behalf of a number of pension funds and other institutional investors. IPD offers fixed rate term loans to mid-market companies for such purposes as refinancing existing debt, business expansion and project finance. Loan origination, underwriting, structuring, management and administration are provided by IPD.

IAM is Canada's leading alternative asset management company, with approximately $3 billion in assets and committed capital under management in private debt, private equity, managed futures, real estate and hedge funds.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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