Baylin Technologies Inc. (TSX:BYL) announced a private placement of a term loan for gross proceeds of CAD 33,000,000 on January 17, 2018. The transaction included participation from new lenders, Crown Capital Fund IV, LP, a fund managed by Crown Capital Partners Inc. (TSX:CRWN) for CAD 30,000,000 and NWM Private Equity Fund, a fund managed by Nicola Wealth Management Ltd. and Portland Private Income Fund, a fund managed by Portland Investment Counsel Inc for CAD 3,000,000. The loan carries a fixed interest rate of 9% per annum and matures in 60 months. The company also issued 682,500 warrants to the investors.