IAM lends $45 mln to seafood producer Cooke Aquaculture
Integrated Asset Management Corp (IAM) has provided a $45 million loan to fund an operating lease package for Cooke Aquaculture Inc, a Black’s Harbour, New Brunswick-based seafood company. The loan is being provided through Lighthouse Finance, a U.S. seafood operational leasing and asset management firm, to finance a portfolio of marine vessels and aquaculture equipment. Established in 1985, the family-owned Cooke Aquaculture is the largest producer of farmed salmon in North America. In January, IAM, a Canadian alternative asset management firm, closed its sixth private corporate debt fund, raising $843 million.
6 March 2019•2 mins read
