TORONTO, Sept. 16 /CNW/ - MMV Financial Inc. today announced that it has
secured an additional $25 million of financing under its existing revolving
senior credit facility to be contributed by ROI Capital Inc. thereby
increasing the total facility to USD $100 million.
The senior revolving credit facility is administered by Wells Fargo
Foothill and includes a syndicate of U.S. and Canadian banks.
"We are extremely happy to have secured this additional financing
considering the current market conditions for financial services companies"
stated Minhas Mohamed, CEO of MMV Financial "which is a direct recognition of
our business model and single focused approach to our business" added Mr.
Over its 10 year history, MMV Financial has invested in excess of
$500 million in over 125 companies across the North American footprint.
"We see the investment in MMV Financial as a key component of our
investment strategy to invest in private-placement lending with above average
returns and lower overall risk as a result of the diverse portfolio of private
lending held by MMV Financial" added John Sterling, CEO ROI Capital.
About MMV Financial
MMV Financial is a Toronto-based specialty finance company with offices
in Toronto, Montreal and New York providing creative debt solutions directly
to technology, life sciences and renewable energies companies across North
America. MMV is backed by top U.S. and Canadian private equity firms and
financial institutions including CCP Equity Partners, Caisse de Dépôt et
placement du Québec, Fonds de Solidarité des Travailleurs du Québec, HSBC
Canada, NewStar Financial Inc., ROI Capital and Wells Fargo Company.
For further information, please visit the MMV Financial website at
www.mmvf.com or contact:
Michel Beland, COO and CFO (416) 977 9718 x228
About ROI Capital Ltd.
ROI Capital specializes in private-placement lending. Private placement
loans are made to established companies who pay back principal and interest.
This form of investment is uncorrelated to the public markets, and can be
found within all of ROI Capital's Family of Funds: ROI Fund, ROI Canadian
Retirement Fund, ROI Global Retirement Fund, ROI Sceptre Retirement Growth
Fund, the ROI Private Placement Fund and the ROI High Yield Private Placement
Fund. ROI Capital is the first company to bring this strong investment
combination to the retail market. ROI has also partnered with three leading
institutional managers: Sceptre Investment Counsel, Wentworth, Hauser, &
Violich and Johnston Asset Management. By combining private and public
investments, ROI Capital is able to offer investors more diversification than
exists with typical mutual funds.
For further information please visit the ROI Capital website at
www.roicapital.ca, or contact:
Jasmina Jhooti, Director of Operations at (416) 361-6162
For further information:
For further information: Michel Beland, COO and CFO, (416) 977-9718
x228, E-mail: email@example.com; Jasmina Jhooti, Director of Operations at