Proceedings.

WYNIT Distribution, LLC, WD Navarre Canada, ULC, WD Navarre Distribution, LLC, WD Encore Software, LLC, WD Navarre Holdings, LLC, WD Navarre Digital Services, LLC, WYNIT Holdings, Inc.

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Active
Proceeding
Foreign recognition (CCAA)Companies' Creditors Arrangement Act, R.S.C. 1985, c. C 36, AS AMENDED
File
CV17-582329-00CL
Filings held54
Last activity18 Jan 2018
On the record3,287 days
Secured debt$76M
OverviewSummary updated

WYNIT Distribution, LLC and six affiliates, including Canadian local debtor WD Navarre Canada, ULC, are the subject of active CCAA recognition proceedings in the Ontario Superior Court of Justice, commenced September 21, 2017 under court file CV-17-582329-00CL, with KSV Kofman Inc. as Information Officer. The group's US petitions were filed September 8, 2017, when approximately US$76 million was outstanding to the Prepetition Senior Lenders, secured over all of the debtors' assets, including the Canadian assets, under the Ontario PPSA; Chaitons LLP confirmed that security valid and perfected. Interim DIP advances of US$3.5 million, authorised by the Interim DIP Order, were increased to US$8 million by a Second Interim DIP Order dated September 27, 2017, under a DIP facility committed up to $15 million and secured by a super-priority DIP Lender's Charge in both the United States and Canada.

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Case updates54 dated entries
#Report

The officer filed report no. Sixth Report. The report notes that over the course of the Chapter 11 proceedings the Debtors liquidated substantially all of their assets (inventory and accounts receivable) and have now ceased business operations, with the case converting from Chapter 11 to Chapter 7 and a Chapter 7 trustee appointed to wind up remaining matters.

Source: Sixth Report of the Information Officer dated January 18, 2018

Parties

Debtor

WYNIT Distribution, LLC, WD Navarre Canada, ULC, WD Navarre Distribution, LLC, WD Encore Software, LLC, WD Navarre Holdings, LLC, WD Navarre Digital Services, LLC, WYNIT Holdings, Inc.

Information officer

AlixPartners

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice MorawetzOntario Superior Court of Justice10 orders, Sep 2017 – Dec 2017130 cases on record
Justice HaineyOntario Superior Court of Justice2 orders, Sep 2017 – Oct 2017196 cases on record

Counsel of record

PartyCounselFirst seenSource
DebtorWYNIT Distribution, LLC, WD Navarre Canada, ULC, WD Navarre Distribution, LLC, WD Encore Software, LLC, WD Navarre Holdings, LLC, WD Navarre Digital Services, LLC, WYNIT Holdings, Inc.Stinson Leonard Street LLP20 Oct 2017Application · 20 Oct 2017
Foreign representativeGoldman Sloan Nash & Haber LLP8 Sep 2017Application · 8 Sep 2017
Foreign representativeLocalGoldman Sloan Nash & Haber LLP21 Sep 2017Order · 21 Sep 2017
CreditorFitbit, IncAkin Gump Strauss Hauer & Feld LLP · McMillan LLP30 Nov 2017Service list · 30 Nov 2017
CreditorForeignGoldman Sloan Nash & Haber LLP8 Sep 2017Application · 8 Sep 2017
Creditorinformation officerChaitons LLP30 Nov 2017Service list · 30 Nov 2017
CreditorLocalGoldman Sloan Nash & Haber LLP20 Sep 2017Factum · 20 Sep 2017
CreditorLocal and the ForeignGoldman Sloan Nash & Haber LLP23 Oct 2017Affidavit · 23 Oct 2017
CreditorLondonHooligans Entertainment LLP10 Nov 2017Application · 10 Nov 2017
CreditorWells Fargo Bank, as agentGoodmans LLP18 Jan 2018Service list · 18 Jan 2018
Capital structureAs asserted in the filings
USD · stated amounts, drawn to scale
#Priority classCreditorAmountSource
4SecuredPrepetition Senior Lenders (syndicate under Prepetition Credit Facility)as of date of filing of the petitions (September 8, 2017) — Security over all of the Debtors' assets, including all assets of the Local Debtor, registered under Ontario PPSA; independent security opinion obtained by Chaitons LLP confirming valid and perfected security interest — Approximately $76 million outstanding as at petition date; DIP Facility roll-up applies repayments first against this facility; security opinion confirmed valid and perfected (not merely pending) — debtor: All Debtors, including WD Navarre Canada, ULC (Local Debtor); WYNIT Holdings, Inc. as guarantor$76M USDFirst Report of the Information Officer dated September 29, 2017
4SecuredDIP Lenders (Wells Fargo Bank, N.A. as Agent, JPMorgan Chase Bank, N.A., SunTrust Robinson Humphrey, Inc., SunTrust Bank) · in 3 casesas of Interim DIP Order (September 13/14, 2017); increased to $8 million under Second Interim DIP Order dated September 27, 2017 — Super-priority DIP Lender's Charge in both US and Canada; DIP Facility commitment up to $15 million (facility limit, not balance); interim advances increased from $3.5 million to $8 million per Second Interim DIP Order — Post-filing financing (DIP), not pre-filing debt; included here for completeness of secured stack disclosed in document but represents postpetition, not pre-filing, capital structure — debtor: US Borrowers and WD Navarre Canada, ULC (Canadian Borro$3.5M USDFirst Report of the Information Officer dated September 29, 2017
4SecuredFitbit, Inc.Registered secured creditor under Ontario Personal Property Security Act (PPSA); blanket/all-property registrant — Only other secured creditor registered under PPSA besides Prepetition Senior Lenders; amount not stated; represented at First Day Motions hearing with input into Interim DIP Order — debtor: WD Navarre Canada, ULC (Local Debtor)First Report of the Information Officer dated September 29, 2017
8UnsecuredTop 20 unsecured creditors (aggregate as understood by Proposed Information Officer)as of September 18, 2017 (date of Pre-filing Report) — Document names no individual creditors; figure described as preliminary/approximate ('understands...approximately'); Debtors' Canadian creditor composition not fully finalized as of report date — debtor: WD Navarre Canada, ULC (Local Debtor)$11M USDFirst Report of the Information Officer dated September 29, 2017

“not stated” means the record names the claim without a figure; “” means not in the extracted record.

Sale processAs stated in the filings

5 transactions · 2 closed · 1 approved · 1 back-up bid · 1 not completedOrder authorizing sale of remaining inventory recognized by Canadian courtCourt Order dated December 5, 2017 re: Remaining Inventory and Vendor… · 5 Dec 2017

PurchaserPriceStatusSource
the LiquidatorStalking horseassets sold pursuant to the Agency and Sale Agreement · auctionnot statedThere have been no changes to the economic terms of the Stalking Horse Agreement described in the Second Report.ApprovedSupplement to the Second Report of Information…
GBH Wynit, LLCStalking horseany assets located in Canada sold by the Agent pursuant to the Sale Agreement (the "Canadian Assets") · asset sale · agreement 16 Oct 2017$48Mnet minimum guarantee amountClosed23 Oct 2017Fifth Report of the Information Officer dated…
Richdale Ventures, LLC and 3MG LLCthe Canadian Assets · asset sale$1.48M USDaggregate purchase price under the Back-Up Bidder APA per Schedule B, paragraph 41Back-up bid10 Nov 2017Court Order dated November 10, 2017
Sereno Ventures, LLCall of the Sellers' right, title and interest in and to the assets located in Canada and being sold pursuant to the Sale Agreement (the "Canadian Assets") · asset sale · agreement 9 Nov 2017$1.7MOrder recognizes U.S. sale order; global agreement price of $1,700,000 stated in U.S. Sale Order for Encore Assets (see Schedule B).Closed13 Nov 2017outside 13 Nov 2017Fifth Report of the Information Officer dated…
GBH Wynit, LLCRemaining Inventory (excluding Remaining Inventory subject to the Settlement Agreements) · auctionnot statedagency commission of 10% of gross sale proceeds; RI Agreement not approved by US CourtNot completedFifth Report of the Information Officer dated…
AdvisorsConway (sale agent); GBH Wynit, LLC (liquidator)Third Report of the Information Officer dated October 30, 2017
Closing termsvesting occurs upon Closing as defined in the Sale AgreementCourt Order dated November 10, 2017
Documents
54 filings
DateDocumentFile
Notice of Appearance dated January 18, 2018
  • Counsel McMillan LLP
PDF
Sixth Report of the Information Officer dated January 18, 2018
  • Operational summary The report notes that over the course of the Chapter 11 proceedings the Debtors liquidated substantially all of their assets (inventory and accounts receivable) and have now ceased business operations, with the case converting from Chapter 11 to Chapter 7 and a Chapter 7 trustee appointed to wind up remaining matters.
  • Report date 18 January 2018
  • Report no Sixth Report
PDF
Court Order dated December 5, 2017 re: Lease Rejection
  • Presiding officer Associate Judge Technology
PDF
Court Order dated December 5, 2017 re: Remaining Inventory and Vendor Settlements
  • Bid deadline 16 November 2017
  • Order date 5 December 2017
  • Sale advisor Conway MacKenzie Inc. (sale agent)
  • Sale outcome Sale approved — Order authorizing sale of remaining inventory recognized by Canadian court
PDF
Endorsement of Justice Morawetz dated December 5, 2017
  • Presiding officer Justice Morawetz
PDF
Second Supplemental Motion Record returnable December 5, 2017
  • Counsel Goldman Sloan Nash & Haber LLP
PDF
Supplemental Motion Record returnable December 5, 2017PDF
Fifth Report of the Information Officer dated December 1, 2017
  • Closing confirmed Closed · 23 Oct 2017 · GBH Wynit, LLC; Closed · 13 Nov 2017 · Sereno Ventures, LLC
  • Process results 50 solicited · 12 NDAs · 9 bids · as of 16 Nov 2017
  • Purchaser GBH Wynit, LLC · Owned Inventory and other assets, excluding the Encore Assets and the Remaining Inventory · asset sale · $48M · closed; Sereno Ventures, LLC · Encore's business and assets ('Encore Assets') · asset sale · $1.7M · closed; GBH Wynit, LLC · Remaining Inventory (excluding Remaining Inventory subject to the Settlement Agreements) · auction · not completed
  • Sale advisor Conway MacKenzie, Inc. (financial advisor)
  • + 1 more extracted fact
PDF
Motion Record returnable November 30, 2017 Volume 1 of 2PDF
Motion Record returnable November 30, 2017 Volume 2 of 2PDF
Service List as at November 30, 2017
  • Counsel McMillan LLP
PDF
Court Order dated November 10, 2017
  • Bid deadline 7 November 2017
  • Closing terms vesting occurs upon Closing as defined in the Sale Agreement
  • Order date 10 November 2017
  • Outside date 13 November 2017
  • + 4 more extracted facts
PDF
Endorsement of Justice Morawetz dated November 10, 2017
  • Presiding officer Justice Morawetz
PDF
Motion Record returnable November 10, 2017 - Part 1 of 2
  • Counsel Stinson Leonard Street LLP
PDF
Motion Record returnable November 10, 2017 - Part 2 of 2
  • Counsel Hooligans Entertainment LLP
PDF
Supplemental Affidavit of Mario Forte sworn November 10, 2017PDF
Fourth Report of Information Officer dated November 9, 2017PDF
Endorsement of Justice Morawetz dated November 1, 2017
  • Presiding officer Justice Morawetz
PDF
Final DIP Order dated November 1, 2017
  • Presiding officer Justice Morawetz
PDF
Motion Record returnable November 1, 2017PDF
Third Amended and Restated Supplemental Order dated November 1, 2017PDF
Third Report of the Information Officer dated October 30, 2017
  • Closing confirmed Closed · 23 Oct 2017 · GBH Wynit, LLC
  • Purchaser GBH Wynit, LLC (stalking horse) · the Debtors' assets (excluding the assets of Encore) (the 'Assets') · asset sale · closed
  • Sale advisor GBH Wynit, LLC (liquidator)
  • Sale outcome Sale closed — The Transaction closed on October 23, 2017.
  • + 1 more extracted fact
PDF
Second Amended and Restated Supplemental Order dated October 24, 2017PDF
Affidavit of Jordan Barris sworn October 23, 2017
  • Counsel Goldman Sloan Nash & Haber LLP
PDF
Bid Procedures and Sale Order dated October 23, 2017
  • Bid deadline 16 October 2017
  • Break fee $500K USD
  • Order date 23 October 2017
  • Presiding officer Justice Morawetz
  • + 4 more extracted facts
PDF
Court Order re Expansion of Proceedings dated October 23, 2017
  • Presiding officer Justice Morawetz
PDF
Endorsement of Justice Morawetz re: Bid Procedures and Sale Order dated October 23, 2017
  • Presiding officer Justice Morawetz
PDF
Endorsement of Justice Morawetz re: Expansion of Proceedings dated October 23, 2017
  • Presiding officer Justice Morawetz
PDF
Bid Procedures and Sale Order Recognition Motion returnable October 20, 2017 Part 1 of 3
  • Counsel Stinson Leonard Street LLP
PDF
Bid Procedures and Sale Order Recognition Motion returnable October 20, 2017 Part 2 of 3PDF
Bid Procedures and Sale Order Recognition Motion returnable October 20, 2017 Part 3 of 3PDF
Expansion of Proceedings Motion Record returnable October 20, 2017 Part 1 of 2PDF
Expansion of Proceedings Motion Record returnable October 20, 2017 Part 2 of 2
  • Counsel Goldman Sloan Nash & Haber LLP
PDF
Supplement to the Second Report of Information Officer dated October 19, 2017
  • Process results 9 bids · as of 17 Oct 2017
  • Purchaser the Liquidator (stalking horse) · assets sold pursuant to the Agency and Sale Agreement · auction · approved
  • Sale advisor Conway (auctioneer)
  • Sale outcome Successful bid selected — Auction held, no superior bid, Liquidator declared Successful Bidder
  • + 1 more extracted fact
PDF
Second Report of Information Officer dated October 17, 2017PDF
Endorsement of Justice Hainey dated October 2, 2017
  • Presiding officer Justice Hainey
PDF
First Amended and Restated Supplemental Order dated October 2, 2017PDF
Motion Record returnable October 2, 2017 Part 1 of 3PDF
Motion Record returnable October 2, 2017 Part 2 of 3PDF
Motion Record returnable October 2, 2017 Part 3 of 3PDF
Second Interim DIP Order dated October 2, 2017PDF
First Report of the Information Officer dated September 29, 2017
  • Secured creditors Note: Only other secured creditor registered under PPSA besides Prepetition Senior Lenders; amount not stated; represented at First Day Motions hearing with input into Interim DIP Order · Page: 18 · Debtor: WD Navarre Canada, ULC (Local Debtor) · Creditor: Fitbit, Inc. · Security: Registered secured creditor under Ontario Personal Property Security Act (PPSA); blanket/all-property registrant
  • Unsecured creditors $11M USD · Note: Document names no individual creditors; figure described as preliminary/approximate ('understands...approximately'); Debtors' Canadian creditor composition not fully finalized as of report date · Page: 14 · As of: September 18, 2017 (date of Pre-filing Report) · Basis: Proposed Information Officer's understanding based on limited information received on Canadian creditor composition; Debtors still working to provide additional details · Debtor: WD Navarre Canada, ULC (Local Debtor) · Creditor: Top 20 unsecured creditors (aggregate as understood by Proposed Information Officer)
PDF
Amended and Restated Application Record returnable September 21, 2017 - Part 1 of 4
  • Counsel Goldman Sloan Nash & Haber LLP
PDF
Amended and Restated Application Record returnable September 21, 2017 - Part 2 of 4PDF
Amended and Restated Application Record returnable September 21, 2017 - Part 3 of 4PDF
Amended and Restated Application Record returnable September 21, 2017 - Part 4 of 4PDF
Endorsement of Justice Hainey dated September 21, 2017PDF
Initial Recognition Order dated September 21, 2017
  • Applicant WYNIT Distribution, LLC
  • Appointee KSV Kofman Inc.
  • Appointee role Information Officer
  • Commencement date 21 September 2017
  • + 6 more extracted facts
PDF
Supplemental Order dated September 21, 2017PDF
Amended Factum of the Applicant dated September 20, 2017
  • Counsel Goldman Sloan Nash & Haber LLP
PDF
Brief of Authorities dated September 20, 2017PDF
Report of the Proposed Information Officer dated September 18, 2017PDF
Interim Stay Order dated September 8, 2017
  • Presiding officer Justice Morawetz
PDF
Notice of Application dated September 8, 2017
  • Applicant WYNIT Distribution, LLC
  • Commencement date 8 September 2017
  • Counsel Goldman Sloan Nash & Haber LLP
  • Court SUPERIOR COURT OF JUSTICE COMMERCIAL LIST
  • + 3 more extracted facts
PDF

Filing titles, dates, and extracted key facts are public.

CiteProceedings., “WYNIT Distribution, LLC, WD Navarre Canada, ULC, WD Navarre Distribution, LLC, WD Encore Software, LLC, WD Navarre Holdings, LLC, WD Navarre Digital Services, LLC, WYNIT Holdings, Inc.” (Foreign recognition (CCAA)), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/wynit-distribution-llc-wd-navarre-canada-ulc-wd-navarre-distribution-llc-wd-enco

Sources last checked · summary updated 19 August 2026 · Report a correction · Printed from proceedings.ca/case/wynit-distribution-llc-wd-navarre-canada-ulc-wd-navarre-distribution-llc-wd-enco

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.