Golf Town

Golf Town commenced CCAA proceedings in the Ontario Superior Court of Justice at Toronto on September 14, 2016, under court file CV-16-11527-00CL, on an initial order made that day. The proceeding is closed. A Statement of Affairs on Form 78 for Golf Town Canada Inc., as stated and estimated by the officer as at May 30, 2018, put liabilities at $154,909,677.77 against assets of nil, a deficiency in the same amount. Secured claims accounted for $109,892,125.00 — a single List B entry for the 10.5% Senior Second Lien Notes due 2018 c/o BNY Trust Company of Canada, on security given July 24, 2014, with the estimated value of that security stated as nil. Unsecured creditors totalled $45,017,552.77, led by TaylorMade Adidas Golf Canada at $8,783,411.91, Callaway Golf Canada Ltd. at $5,867,065.52 and Nike Canada Ltd. at $5,846,991.05.