Structurlam Mass Timber Corporation, et al
FollowActive
- Proceeding
- Foreign recognition (CCAA)section 46 of the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36
- File
- S 233209
Filings held53
Last activity6 Oct 2025
On the record1,243 days
OverviewSummary updated
Structurlam Mass Timber Corporation and the related debtors have been the subject of a foreign recognition proceeding under section 46 of the Companies' Creditors Arrangement Act since April 28, 2023, on an application by SLP Holdings Ltd. in the Supreme Court of British Columbia, file S 233209, with Alvarez & Marsal Canada Inc. as information officer. The prepetition secured debt, approximately $20.5 million CAD and US$34.9 million in principal at the petition date, and the DIP facility of up to $7,500,000 were both paid in full on or about June 20, 2023. Under the combined disclosure statement and plan filed October 17, 2023, general unsecured claims are estimated at US$99,780,470 for SMTU, recovering 21.1%, US$80,687,555 for SLP, recovering nothing, and US$19,010,126 for SMTC, recovering 21.2%.
Proceedings AIAsk this case — answers cite the filings
Case updates48 dated entries · 5 undated
#Report
The officer filed report no. Sixth Report. The Petitioners' assets were transferred to the Liquidating Trust on the Plan's Effective Date (January 11, 2024), and after completing their fiduciary obligations the Petitioners are to be dissolved; the Information Officer now seeks its own discharge and termination of the CCAA proceedings.
#Filing
Notice of Application set for Friday, November 17, 2023 — Application / notice of application
#Order
Order (Recognition of Foreign Orders) made June 1, 2023 was filed.
Source: Order (Recognition of Foreign Orders) made June 1, 2023
#Filing
d Notice of Application set for Thursday, June 1st as 10:00 am before Justice Fitzpatrick — Application / notice of application
#Filing
Application Record (Bidding Sales Procedures Order) for May 16, 2023 — Application / notice of application
#Filing
SLP Holdings Ltd. applied on April 28, 2023 for British Columbia recognition of the Structurlam debtors' foreign proceeding, opening file S 233209.
Source: Notice of Application - recognition of Bidding Procedures Order - Filed April 28, 2023
#Filing
Application - Recognition of Bidding Procedures Order - Filed April 28, 2023 — Application / notice of application
Undated filings5 — no date appears on the document · show
—
—
—
—
—
Parties
Debtor
Structurlam Mass Timber Corporation, et al
Information officer
Alvarez & Marsal
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Fitzpatrick | Supreme Court of British Columbia | 6 orders, Apr 2023 – Jan 2024 | 49 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| CreditorBank of Montreal | Blake, Cassels & Graydon LLP | 4 Jan 2024 | Service list · 4 Jan 2024 |
| CreditorGalina Pentecost (former employee) | Kornfeld LLP | 4 Jan 2024 | Service list · 4 Jan 2024 |
| CreditorInformation Officer | Dla Piper LLP | 4 Jan 2024 | Service list · 4 Jan 2024 |
| CreditorMercer International Inc | Sangra Moller LLP | 4 Jan 2024 | Service list · 4 Jan 2024 |
| CreditorSwayback Holdings (1983) Ltd | Gehlen Dabbs Cash LLP | 4 Jan 2024 | Service list · 4 Jan 2024 |
| CreditorUnsecured ' Committee (US Pleadings) | Goodmans LLP | 4 Jan 2024 | Service list · 4 Jan 2024 |
Capital structureAs asserted in the filings
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | Class 1 - Other Secured Claims (aggregate, estimated)as of estimate as of Combined DS and Plan filing (October 17, 2023) — Debtors estimate aggregate amount of Allowed Other Secured Claims will be $0.00; satisfied in full through proceeds from Winning Bid — debtor: SMTU, SMTC, SLP, Natural (Debtors, collectively) | $0 USD | Fourth Report - Information Officer |
| 4 | Secured | DIP Lender (Prepetition Lender) · in 4 casesDIP Facility in aggregate principal amount of up to $7,500,000 (CAD), with up to $4,000,000 (CAD) available upon interim approval — Facility limit, not a balance; DIP Facility paid in full on or about June 20, 2023 (discharged); related party as also the Prepetition Lender — debtor: SLP, SMTC, SMTU, Natural (Debtors) | — | Fourth Report - Information Officer |
| 4 | Secured | SMTU's largest customer (guarantor)Limited Guarantee up to the amount of $13,500,000 (USD) in favor of the Prepetition Lender — This is a guarantee limit, not a balance; guarantor is a customer, not the primary secured creditor — debtor: SMTU | — | Fourth Report - Information Officer |
| 4 | Secured | Prepetition Lender (under Prepetition Credit Agreement - BMO)as of Petition Date — Approx. $34.9 million (USD) principal outstanding under Committed, Reducing, Non-Revolving Term Credit Facility; also Revolving Letter of Credit Facility $300,000 (USD) outstanding — Prepetition Credit Facilities; paid in full on or about June 20, 2023 (discharged); as of Petition Date secured debt liabilities totaled approx. $20.5 million CAD and $34.9 million USD in principal amount — debtor: SMTC (borrower); SLP, SMTU, Natural (guarantors) | — | Fourth Report - Information Officer |
| 8 | Unsecured | SMTU General Unsecured Creditors (aggregate as reported)as of General Claims Bar Date (July 10, 2023) / Combined DS and Plan filing October 17, 2023 — Class 3A General Unsecured Claims; document names no individual creditors; estimated recovery 21.1% — debtor: SMTU | $99.8M USD | Fourth Report - Information Officer |
| 8 | Unsecured | SLP General Unsecured Creditors (aggregate as reported)as of General Claims Bar Date (July 10, 2023) / Combined DS and Plan filing October 17, 2023 — Class 3B General Unsecured Claims; document names no individual creditors; estimated recovery 0% — debtor: SLP | $80.7M USD | Fourth Report - Information Officer |
| 8 | Unsecured | SMTC General Unsecured Creditors (aggregate as reported)as of General Claims Bar Date (July 10, 2023) / Combined DS and Plan filing October 17, 2023 — Class 3C General Unsecured Claims; document names no individual creditors; estimated recovery 21.2% — debtor: SMTC | $19M USD | Fourth Report - Information Officer |
| 8 | Unsecured | Class 2 - Priority Claims (aggregate as reported)as of estimate as of Combined DS and Plan filing (October 17, 2023) — preferred/priority class ranking ahead of general unsecured claims; unimpaired, deemed to accept, 100% recovery — debtor: SMTU, SMTC, SLP, Natural (Debtors, collectively) | $41.8K USD | Fourth Report - Information Officer |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Sale processAs stated in the filings
3 transactions · 2 not completed · 1 closed — the sale transaction to Mercer International Inc. was approved and recognized by the Canadian courtSixth Report of the Information Officer · 26 Aug 2025
| Purchaser | Price | Status | Source |
|---|---|---|---|
| All-Fab Building Componentssome of the Petitioners' equipment located in Canada · asset sale · ResidualCo: Liquidating Trust | $200K USD | Not completed | Second Report - Information Officer |
| Weyerhaeuser Companysubstantially all assets of the Debtors related to their United States operations · asset sale | $80 USDBack-up Bid for Structurlam's U.S. assets; stated amount not found on page | Not completed | Third Report of the Information Officer |
| Mercer International Inc.Stalking horsesubstantially all of the Debtors' assets · asset sale · agreement 21 Apr 2023 | $84 USD (mixed consideration)the highest and best value for the Debtors' Estates was offered by the Stalking Horse Bidder in the amount of $83.5 million USD, representing a cash bid of $81.1 million USD and breakup fee and expense reimbursement credits totaling $2.4 million USD | Closed1 Jun 2023 | Sixth Report of the Information Officer |
AdvisorsStifel, Nicolaus & Company, Incorporated and Miller Buckfire (financial advisor); Miller Buckfire & Co. LLC and Stifel, Nicolaus & Co., Inc. (financial advisor)Order (Recognition and Confirmation Order)
RecoveriesAs stated in the filings
Unsecured creditors: 21.1 %.Under the planFourth Report - Information Officer · 24 Oct 2023
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | Class 1 - Other Secured Claims | $0 USDestimated | paid in full | Under the planper the monitor | Fourth Report - Information Officer · 24 Oct 2023 |
| Preferred | Class 2 - Priority Claims | $41.8K USDestimated | paid in full | Under the planper the monitor | Fourth Report - Information Officer · 24 Oct 2023 |
| Unsecured | Class 3A - SMTU General Unsecured Claims | $99.8M USDestimated | 21.1 % | Under the planper the monitor | Fourth Report - Information Officer · 24 Oct 2023 |
| Equity | Class 4 - Equity Interests | — | no distribution | Under the planper the monitor | Fourth Report - Information Officer · 24 Oct 2023 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
Estate financialsReported figures — never derived
Professional fees to date
$115K
As at 26 Aug 2025Sixth Report of the Information Officer
Documents
53 filings
| Date | Document | File |
|---|---|---|
| Notice of Application | ||
| Affidavit #1 of Colin Brousson | ||
| Affidavit #1 of Anthony Tillman | ||
Sixth Report of the Information Officer
| ||
Order (stay extension to January 31, 2024)
| ||
Service List
| ||
| Form of Order | ||
Order (Recognition and Confirmation Order)
| ||
| Revised Form of Order | ||
| Revised Form of Order – black to Form of Order | ||
| Affidavit #6 of Shawn Turkington | ||
Fifth Report - Information Officer
| ||
| Notice of Application set for Friday, November 17, 2023 | ||
Order (Recognition Order)
| ||
| Affidavit of Shawn Turkington #5, sworn November 10, 2023 | ||
Fourth Report - Information Officer
| ||
| d Notice of Application | ||
| d Affidavit of Shawn Turkington #4 | ||
| Order made After Application - WEPPA | ||
Stay Extension Order – June 21, 2023
| ||
| d Notice of Application – WEPPA | ||
Third Report of the Information Officer
| ||
| d Affidavit of Shawn Turkington #3, sworn June 19, 2023 | ||
| Application Record and Index | ||
| Approval and Vesting Order | ||
| Blacklined copy of Approval and Vesting Order from Model Order | ||
Order (Recognition of Foreign Orders) made June 1, 2023
| ||
Second Report - Information Officer
| ||
| Affidavit of Kevin Haggard #2, sworn May 30, 2023 | ||
| d Affidavit of Michele Hay #3, sworn May 30, 2023 | ||
| d Notice of Application set for Thursday, June 1st as 10:00 am before Justice Fitzpatrick | ||
| Application Record (Bidding Sales Procedures Order) for May 16, 2023 | ||
| Recognition of Bidding Procedures Order | ||
First Report - Information Officer
| ||
| Sworn Affidavit of Kevin Haggard #1 (filed) | ||
| Sworn Affidavit of S. Turkington #2 (filed) | ||
| d Affidavit of Michele Hay #2 | ||
| Application - Recognition of Bidding Procedures Order - Filed April 28, 2023 | ||
Notice of Application - recognition of Bidding Procedures Order - Filed April 28, 2023
| ||
| Pre-filing Report - Proposed Information Officer | ||
Initial Recognition Order of Justice Fitzpatrick
| ||
| Supplemental Recognition Order of Justice Fitzpatrick | ||
d Petition
| ||
| Proposed form of Approval and Vesting Order | ||
| Proposed form of Order of Recognition of Foreign Orders | ||
| d Affidavit of Michele Hay #1 | ||
| d Affidavit of S. Turkington #1 (1 of 5) | ||
| d Notice of Hearing | ||
| d Affidavit of S. Turkington #1 (2 of 5) | ||
| d Affidavit of S. Turkington #1 (3 of 5) | ||
| d Affidavit of S. Turkington #1 (4 of 5) | ||
| d Affidavit of S. Turkington #1 (5 of 5) | ||
| d Notice of Application – Stay Extension | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Structurlam Mass Timber Corporation, et al” (Foreign recognition (CCAA)), Supreme Court of British Columbia. Retrieved 20 September 2026, https://proceedings.ca/case/structurlam-mass-timber-corporation-et-al