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Crown Capital Partners Announces Repayment of Loan by Canadian Helicopters
Crown Capital Partners Announces Repayment of Loan by Canadian Helicopters Canada ...
About this update from Crown Capital Partners, Inc.
[{"type":"text","content":"\n\n\n\nCrown Capital Partners Announces Repayment of Loan by Canadian Helicopters\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, July 29, 2019\n\n\n\nCALGARY, July 29, 2019 /CNW/ - Crown Capital Partners Inc. (\"Crown\") (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced the full repayment by Canadian Helicopters Limited (\"Canadian Helicopters\") of an $8 million term loan from Crown Capital Partner Funding, LP (\"Crown Partners Fund\"). Canadian Helicopters is the largest helicopter transportation services company in Canada with a network of 28 strategically located fixed bases to support operations throughout the country. \n\"Canadian Helicopters has been a solid performer and we wish Don and his team continued success,\" said Chris Johnson, President and CEO of Crown. \"This was another successful investment for Crown Partners Fund.\" \nDon Wall, President & CEO of Canadian Helicopters, said: \"Crown has been a strong financial partner and we appreciated their support and responsiveness.\" \nCanadian Helicopters has prepaid this loan in full, including principal, interest, fees and other payments. The Canadian Helicopters loan was held by Crown Partners Fund, an investment fund managed by Crown and in which Crown holds an effective interest of 37%. The realized Gross IRR on Crown Partners Fund's aggregate investment in Canadian Helicopters was 23.8%.\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 \"...