A private equity firm has pushed Atlantic Canadian media conglomerate Saltwire into solvency over a $32 million debt.

Fiera Private Debt Fund (FPD) financed the media company’s grand move to purchase most of the newspapers in the Maritimes.

Saltwire is reportedly unable to pay the private equity fund back and now FDP is suing to dissolve the media giant for not paying back the millions in debt.

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