Quebec · CCAA
Motion for the Issuance of (i) an Initial Order, (ii) an Amended and Restated Initial Order and (iii) an Order approving an investment and sale solicitation process (in french)
Application / notice of application · 13 January 2026
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What we verified from this filing9 verified
- courtCOUR SUPÉRIEURE
- provinceQUÉBEC
- applicantDuchesne et Fils Ltée
- statutory basisArticles 9, 11 et suivants de la Loi sur les arrangements avec les créanciers des compagnies
- appointeeErnst & Young inc.
- appointee rolecontrôleur
- financial positionnote: Document states total claims of $59,880,284 are 'répartis... entre les créanciers garantis et non garantis' but provides no separate dollar breakdown between secured and unsecured amounts; components given are balance-sheet categories only (current liabilities incl. short-term loan $7,686,680, accounts payable $10,839,332, current portion of long-term debt $866,549; long-term debt $27,224,946; future income taxes $13,262,777). Total assets figure appears at para 40 (page 12); total liabilities figure at para 41 (page 13). · page: 12 · as at: 2025-11-30 · basis: book value (valeur au livre), Duchesne's own management estimate · scope: Duchesne et Fils Ltée (single-entity, non-consolidated) · currency: CAD · total assets: 83943984 · total liabilities: 59880284
- secured creditorsnote: Endettement RBC of $5,750,234.00 (excluding accrued/future interest and fees) exceeds the Authorized Limit ($5,280,556.86) by a Temporary Excess of approx. $802,495, exceptionally authorized by RBC until 12 January 2026 to permit certain payments. RBC is also one of the two Interim Lenders (Prêteurs temporaires) providing CCAA DIP financing and is declared an unaffected creditor under the Initial Order. · page: 13 · as of: 2026-01-13 · amount: 5750234 · debtor: Duchesne et Fils Ltée (successor by amalgamation to 9457-2518 Québec Inc.) · creditor: Banque Royale du Canada (RBC) · currency: CAD · security: Convention de prêt (Convention RBC) dated 31 January 2022 - $17,000,000 revolving credit facility (facility limit, not balance); Authorized Limit currently $5,280,556.86; secured by: (a) immovable hypothec on the Yamachiche Immeuble dated 28 Jan 2022, registered at Land Registry #26 981 780 and RDPRM #22-0090829-0001; (b) movable hypothec on universality of movable property dated 27 Jan 2022, RDPRM #22-0085426-0001; (c) movable hypothec dated 27 Jan 2022, RDPRM #22-0089644-0001; (d) Notice of Intention to give security under s.427 Bank Act (26 Jan 2022); (e) Loans and Advances Agreement, Promise to give security, and Specific Security under s.427 Bank Act (1 Feb 2022)
- secured creditorsnote: Amounts shown ($26,000,000) are the registered hypothec ceiling / original facility amount disclosed in RBC's loan agreement schedules (2022 Convention RBC exhibits); current outstanding balance is not stated in the pages reviewed. BDC is also one of the two Interim Lenders (Prêteurs temporaires) providing CCAA DIP financing and is declared an unaffected creditor under the Initial Order. · page: 333 · debtor: 9457-2518 Québec Inc. (predecessor amalgamated into Duchesne et Fils Ltée) · creditor: Banque de développement du Canada (BDC) · currency: CAD · security: Movable hypothec registered at RDPRM #22-0069263-0001 for $26,000,000 on the universality of movable property; immovable hypothec registered at Land Registry #26 967 400 for $26,000,000 bearing interest at 25% per annum; Intercreditor Agreement between RBC and BDC registered at RDPRM #22-0102303-0001 and Land Registry #26 987 975