Crown Capital Partners Announces Repayment of Loan by Canadian Helicopters

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Crown Capital Partners Announces Repayment of Loan by Canadian Helicopters

Canada NewsWire

CALGARY, 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.

"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."

Don Wall, President & CEO of Canadian Helicopters, said: "Crown has been a strong financial partner and we appreciated their support and responsiveness."

Canadian 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%.

About 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.

FORWARD-LOOKING STATEMENTS

This 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", "anticipate", "believe", "continue", "plans" or similar terminology. Forward-looking statements are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements are subject to various risks and uncertainties concerning the specific factors identified in the Crown's periodic filings with Canadian securities regulators. See Crown's most recent annual information form for a detailed discussion of the risk factors affecting Crown. In addition, Crown's dividend policy will be reviewed from time to time in the context of the Corporation's earnings, financial requirements for its operations, and other relevant factors and the declaration of a dividend will always be at the discretion of the board of directors of the Corporation. Crown undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

SOURCE Crown Capital Partners Inc.

View original content: http://www.newswire.ca/en/releases/archive/July2019/29/c5785.html

Copyright CNW Group 2019

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