Data inks deal to buy Bolder Graphics, raises $5 mln in debt

Data Communications Management Corp has agreed to acquire Bolder Graphics, a Calgary-based marketing communications specialist. Data, a Brampton, Ontario-based business communication solutions provider, agreed to pay about $4.9 million in cash, a common shares issue, a note, and the assumption of debt. In connection with the acquisition, expected to close next month, Data arranged for a $5 million senior credit facility with IAM Private Debt Group, an affiliate of Canadian alternative asset manager Integrated Asset Management Corp (TSX: IAM).

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