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Crown Capital Comments on Solo Liquor Holdings Limited
Crown Capital Comments on Solo Liquor Holdings Limited Canada NewsWire CALGARY, ...
About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n\n\n\nCrown Capital Comments on Solo Liquor Holdings Limited\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 1, 2019\n\n\n\nCALGARY, May 1, 2019 /CNW/ - Crown Capital Partners Inc. (\"Crown\" or the \"Corporation\") (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, advises that ATB Financial (\"ATB\"), which provides credit facilities to Solo Liquor Holdings Limited and Solo Liquor Stores Ltd. ( collectively \"Solo\"), has demanded immediate repayment of all amounts owing under its credit facilities and recently filed an application with the Court of Queen's Bench of Alberta to appoint a receiver of Solo. The Court has approved the appointment of FTI Consulting Canada Inc. as receiver.\nCrown Capital Partner Funding, LP (\"Crown Partners Fund\") has a $15 million loan outstanding to Solo. Crown is the manager of the fund and has an effective interest of approximately 37% in Crown Partners Fund.  Crown is working diligently to recover funds from Solo and will provide further updates when we have sufficient information to estimate the value that is likely to be recovered.\nAbout Crown Capital Partners (TSX:CRWN) Founded in 2000, Crown is a leading specialty finance company that provides growth capital to a diversified group of successful mid-market companies that are seeking alternatives to banks and private equity funds. Crown provides customized solutions in the form of loans, royalties, and other structures with minimal or no ownership dilution. In addition to deploying capital as a principal investor, Crown develops, manages and co-invests in alternative investment funds, including Crown Partners Fund and Crown Capital Power Fund.\nFORWARD-LOOKING STATEMENTS\nThis news release contains certain \"forward looking statements\" and certain \"forward looking information\" as defined under applicable Canadian and U.S. securities laws. Forward-looking statements can generally be identified by the use of forward-looking terminology such as \"may\", \"will\", \"expect\", \"intend\", \"estimate\", \"...