IAM to provide $40 mln secured loan to Fortress Bioenergy
Fortress Bioenergy Ltd, a subsidiary of Fortress Paper Ltd (TSX: FTP), has entered into an agreement with IAM Infrastructure Private Debt Fund LP to receive a $40 million secured loan. Fortress, a Canadian producer of specialty pulp and security papers products, said the loan's proceeds will be used to repay convertible debentures, among other things. IAM Infrastructure Private Debt Fund LP is managed by IAM Private Debt Group, a division of Toronto-based Integrated Asset Management Corp. The fund raised $347 million last September.
23 January 2017•3 mins read
