Private Debt Partners finances the term debt of Simple Spaces
TORONTO, January 19, 2022 /CNW/ – Private Debt Partners (“PDP“) is pleased to announce that it has funded a term loan to Home Solutions Corporation (“Simple spacesProceeds will fund a refinancing of Schedule A bank indebtedness and provide the company with working capital. January 12and, 2022 from the PDP Senior Opportunity Fund.
President Simple Spaces Andre Davidson commented: “We appreciate the efforts of the Private Debt Partners team to understand our business and provide a structure that suits our needs. We believe that the debt solution provided by PDP will be an important catalyst for Simple Space’s growth strategy.
Jeffrey Deacon, Managing Partner of PDP, said, “We are delighted to partner with Simple Spaces and expect the improved cash flow resulting from this loan structure to support their expansion into alberta.”
This transaction demonstrates the continued deployment of PDP’s Senior Opportunities Fund (“FOS“). The SOF had a first closure on April 15and, 2021 and PDP is actively working to deploy long-term financing solutions to growing companies in the Canadian middle market.
ABOUT SIMPLE SPACES
Simple Spaces is a Calgarymanufacturer of glass products and shelves installed in residential homes. The Company has a 30-year operational tenure serving from Calgary leading real estate developers. Simple Spaces maintains its own tempering furnace and installation team to provide customers with high quality products and efficient service. Simple Spaces has partnered with PDP to consolidate debt and facilitate management’s growth strategy through 2022.
ABOUT PRIVATE DEBT PARTNERS
Private Debt Partners is a private debt firm focused solely on Canadian middle market opportunities. PDP originates and structures senior secured loans to high quality businesses. PDP was co-founded by Jeffrey Deacon, Greg Dimmer and Jean-Christophe Greck who together bring over 35 years of fundraising, origination, portfolio management and underwriting experience. Major investors include Stephen Lister and Thomas Macmillan. Additional information about the PDP is available at www.privatedet.com
SOURCE Private Debt Partners
For further information: Media contact: Jeffrey Deacon, [email protected]