Intertape Polymer Group Inc. announced that it has raised $2,000,000 in a round of funding on June 15, 2022. The transaction included participation from Audax Credit BDC Inc., a fund managed by Audax Management Company (NY), LLC. The company received Senior Secured Initial Term Loan (First Lien), maturing on July 31, 2029.

The interest on Loan is based on SOFR plus 4.50%. The principal amount of loan is $2,000,000. The current interest rate on loan is 5%.