IAM and its private corporate debt group, IAM Private Debt Group (“PDG”), announce the closing on December 31, 2016 of a senior loan to Spark Power Corp.
The capital raised by Spark Power Corp. will assist in working capital needs and asset purchase of New Electric Enterprises Inc.
Philip Robson, President of PDG said “We are thrilled to partner with Spark by providing long-term fixed rate capital in their acquisition of New Electric. Spark’s management has an excellent track record of evaluating opportunities and their growth has been tremendous.”
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