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Crown Capital Announces Repayment of Loan by Distinct Infrastructure Group
Crown Capital Announces Repayment of Loan by Distinct Infrastructure Group Canada ...
About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n\n\n\nCrown Capital Announces Repayment of Loan by Distinct Infrastructure Group\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, May 26, 2017\n\n\n\nCALGARY, May 26, 2017 /CNW/ - Crown Capital Partners Inc. (\"Crown\" or the \"Corporation\") (TSX: CRWN), which provides growth capital to successful mid-market companies, today announced the repayment by Distinct Infrastructure Group Inc. (\"Distinct\") of a special situations loan managed by Crown. \n\nHeadquartered in Toronto, Distinct is a turnkey solutions firm providing design, engineering, construction and maintenance services to telecommunication firms, utilities and government bodies. Crown arranged a $20.0 million, five-year term loan to Distinct in November 2015 to support the company's growth. \n\n\"Distinct has done an excellent job of growing its business and creating value, by capitalizing on the growing market demand for high-speed fiber installation capabilities,\" said Chris Johnson, President and CEO of Crown. \"This performance enabled Distinct to secure an expanded facility with their existing senior lender, and we wish the team continued success.\"\n\n\"Crown has been an important financial partner to Distinct and their capital was instrumental in allowing us to successfully execute on our growth plan,\" said Alex Agius, Co-Chief Executive Officer of Distinct.\n\nDistinct has prepaid this loan in full, including principal, interest and fees. The Distinct loan was held by Crown Capital Fund IV, LP (\"CCF IV LP\"), an investment fund managed by Crown and in which Crown holds a 35% interest. CCF IV LP continues to own common shares of Distinct.\n\nABOUT CROWN\n\nCrown (TSX: CRWN) is a specialty finance company focused on providing capital to successful Canadian and select U.S. companies that are unwilling or unable to obtain suitable financing from traditional capital providers such as banks and private equity funds. Crown also manages capital pools, including some in which Crown has a direct ownership interest. Crown originates, structures and provides tailored...