Integrated Asset Management Corp.
TSX VENTURE : IAM

Integrated Asset Management Corp.

October 24, 2005 11:05 ET

Integrated Asset Management Corp. and Integrated Private Debt Corp. Announce $5 Million Financing for Atlantic Yarns Inc.

TORONTO, ONTARIO--(CCNMatthews - Oct. 24, 2005) - Integrated Asset Management Corp. (TSX VENTURE:IAM) ("IAM") and its private corporate debt group, Integrated Private Debt Corp.("IPD") announced today that IPD has provided a $5 million long-term loan to Atlantic Yarns Inc. This financing, which is in addition to a $24 million financing previously arranged and managed by IPD, will be used to augment working capital.

IPD provides funding from and manages the $600 million Integrated Private Debt Fund LP. The fund is managed by IPD 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 undertaken by IPD.

Atlantic Yarns Inc., owned by the Sunflag Group headquartered in London, England, operates from a recently constructed state-of the-art 380,000 square foot plant in northern New Brunswick. The Atlantic facility is technologically one of the most modern such plants operating in North America producing approximately 80 metric tons per day of highest quality cotton yarn using the open-end yarn spinning method.

IAM is Canada's leading alternative asset management company, with approximately $3 billion in assets and commitments 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.

Contact Information

  • Integrated Private Debt Corp.
    Frank Duffy
    Managing Director
    (416) 367-9626
    fduffy@iamgroup.c
    www.iamgroup.ca