30, 2016 /CNW/ - Crown Capital Partners Inc. ("Crown") ( CRN.TO ), which provides growth capital to successful mid-market companies, today announced that it has entered an agreement for a $35.0 million senior secured revolving credit facility ("Credit Facility") with Alberta Treasury Branches ("ATB") and Business Development Bank of Canada ("BDC"). Crown will use the Credit Facility to fund investments in mid-market companies. "This new facility diversifies our sources of funding and increases our capacity to continue to build the portfolio while also enhancing returns for Crown's shareholders," said Chris Johnson, Crown's President & CEO. "We value the support of ATB and BDC and look forward to working with them as we execute on our business plan. We continue to see strong demand for our financing solutions." The Credit Facility provides financing at a variable interest rate based on the Bankers Acceptance rate plus 375bps to 425bps and has a customary set of covenants. The Credit Facility matures in three years and is subject to extension annually. ABOUT CROWN Crown ( CRN.TO ) 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.
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