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AIG Global Investment Group Completes $47 Million Mezzanine Debt Investment in Fasteners for Retail, Inc.

AIG Global Investment Group ("AIGGIG") has provided $47 million of debt financing for Cortec Group Fund III, L.P.’s buyout of Fasteners For Retail, Inc. (”FFr”), a leading provider of point-of-purchase merchandising and display solutions for retail applications. Founded in 1962 and based in Cleveland, Ohio, FFr has developed the industry’s most comprehensive product offering, consisting of a wide variety of products in each of the following key product categories: shelf management systems, sign holders, product merchandisers, ceiling displays, literature holders, and custom displays and components.

AIGGIG’s investment takes the form of senior and junior subordinated notes and warrants. The FFr buyout is the third transaction in which AIGGIG has provided financing support to Cortec Group in its role as lead equity sponsor.

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