November 28, 2007
Synergex Corporation (TSX:SYX) recently closed a $17 million long term fixed rate senior secured loan from Integrated Asset Management Corp. (TSX:IAM) and its private corporate debt group, Integrated Private Debt Fund LP (“IPD”) on November 28, 2007. The proceeds are intended to fund general corporate needs, future strategic acquisitions, and ongoing growth in Mexico, Central and South America.
IPD provides funding to a wide variety of industries from its $600 million Integrated Private Debt Fund LP. IPD offers senior secured fixed rate long term loans to mid-market companies for purposes such as business expansion, acquisition financing, and project finance. IPD will originate or participate, structure, underwrite, and administer the loan within IPD Debt Fund LP. Early in 2008, IPD is expected to close IPD Debt Fund LP II in an amount greater than $400 million. IPD Debt Fund LP II will operate under the same lending guidelines as IPD Debt Fund LP.
Wildeboer Dellelce LLP represented Integrated Private Debt Fund LP with a team that included Chris Partridge, Troy Pocaluyko and Lisa Cunningham (Banking and Finance).