IAM Private Debt Group lends $12 mln to Georgian Aircraft

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).

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