IAM Private Debt Group lends $12 mln to Georgian Aircraft


Copyright© 2017 · Air Georgian Limited. All Rights Reserved

IAM Private Debt Group has provided a $12 million senior loan to Georgian Aircraft Corp, a Mississauga, Ontario-based provider of aircraft leasing and management services. The funds raised by the company will be used to refinance existing aircraft loans. Georgian has a 50 percent stake in Air Georgian Ltd, an airline that operates regional domestic and U.S. transborder commercial passenger flights on behalf of Air Canada. IAM Private Debt Group is an affiliate of Canadian alternative asset manager Integrated Asset Management Corp (TSX: IAM).

PRESS RELEASE

Integrated Asset Management Corp. and IAM Private Debt Group Announce Debt Refinancing for Georgian Aircraft Corp.

TORONTO, Oct. 04, 2017 (GLOBE NEWSWIRE) — Integrated Asset Management Corp. (“IAM”) (TSX:IAM) and its private corporate debt group, IAM Private Debt Group (“PDG”), announce the closing of a $12,000,000 senior loan to Georgian Aircraft Corp. (“GAC”). The capital raised by GAC will be used to refinance existing aircraft loans.

GAC is a provider of aircraft leasing and management services. The Company has a 50% ownership in Air Georgian Limited (“AGL”) which is a Canadian airline that operates regional domestic and United States transborder commercial passenger flights on behalf of Air Canada, the largest airline in Canada, with whom AGL has been a regional partner for the past 18 years.

IAM Private Debt Group manages and provides funding from Integrated Private Debt Fund LPs on behalf of a number of pension funds and other institutional investors. IAM PDG offers fixed rate, investment grade term loans to mid-market companies for such purposes as refinancing existing debt, acquisitions, plant expansion or modernization, project financing and management buyouts.

IAM is one of Canada’s leading alternative asset management companies with approximately $2.5 billion in assets and committed capital under management in real estate, infrastructure debt and private debt.

For further information, please contact

Brian Ko
Managing Director
IAM Private Debt Group
T: 416-367-3492
E: [email protected]

or

Philip S. Robson
President
IAM Private Debt Group
416-367-3972
[email protected]

www.iamgroup.ca

Photo courtesy of Air Georgian Ltd

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