Crown Capital provides $15 mln in sub-debt funding to Petrowest
Crown Capital Partners, which recently secured $100 million for the initial close of its fourth fund, has provided $15 million in subordinated debt funding to Petrowest Corp (TSX: PRW). Headquartered in Grande Prairie, Alberta, Petrowest was founded in 2006. Businesses that operate under its umbrella provide pre-drilling and post-completion services to the energy industry, as well as general contracting and earth moving, transportation services, contract aggregate crushing, and heavy equipment rentals. Crown Capital, a Canadian specialty finance firm, extended $25 million in debt refinancing to Petrowest in June 2011.
30 September 2015•3 mins read
