TORONTO, Dec. 05, 2017 (GLOBE NEWSWIRE) -- Greypoint Capital Inc. (“Greypoint”), a Canadian alternative lender for middle market companies, is pleased to announce the closing of four transactions with an aggregate value of $160 million.
The first transaction, which closed in February 2017, consisted of a $50 million term loan issued to a private industrial company based in Hamilton, Ontario. Proceeds from the loan were used to expand the existing business and for general corporate purposes.
The second transaction, which closed in August 2017, consisted of a $60 million bridge loan issued to a Canadian company. Proceeds from the loan were used to expand the company’s assets.
The third transaction, which closed in September 2017, consisted of a $40 million bridge loan issued to CFFI Ventures Inc., based in Bedford, Nova Scotia. Proceeds from the loan were used in the privatization of a publicly listed portfolio company on the Toronto Stock Exchange.
The fourth transaction, which closed in November 2017, consisted of a $10 million secured term loan issued to Bri-Chem Corp., based in Acheson, Alberta. Proceeds from the loan were used to refinance a maturing credit facility.
“We are delighted to support four strong Canadian companies by giving them the capital needed to effectively grow their businesses, while providing management with a tailored credit structure that enables them to operate the business their way,” said Holly Allen, President and CEO, at Greypoint. “We look forward to partnering with more great Canadian companies in the future and helping them to thrive and reach their fullest potential.”
Launched in 2013 to help Canadian middle market companies with their financing needs, Greypoint’s debt offerings include term loans, bridge loans, and mezzanine loans, among others. Greypoint is currently seeking Canadian companies that are actively looking for credit products between $10 million to $100 million. Please contact a member of the Greypoint team to discuss your business’ needs.
Contact Information:
Greypoint Capital
www.greypoint.ca
Andrew Spinner
Vice President
andrew.spinner@greypoint.ca