Quebec · CCAA
Pre-Filing Report of the Proposed Monitor
Pre-filing report · 17 July 2026
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What we verified from this filing9 verified
- appointeeMNP Ltd
- courtSUPERIOR COURT
- court file no***-**-******-***
- provinceQUEBEC
- statutory basisCompanies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended
- applicantCanada Tire Inc. and Canada supply & Tire NS Inc.
- appointee rolemonitor
- financial positionnote: More recent internal/unaudited YTD figures as at May 31, 2026 show total assets $26,267K and total liabilities $32,264K (equity deficit of $(5,997)K), versus FY25 equity deficit of $(3,739)K. · page: 9 · as at: 2025-12-31 · basis: Audited (FY23-FY25 columns marked 'Audited'; figures in '000$) · scope: Entity-level, Canada Tire Company Inc. (Company) · currency: CAD · total assets: 34112000 · total liabilities: 37852000
- secured creditorsnote: Outstanding amount borrowed per borrowing certificate as at June 30, 2026 was $13.6M (credit availability $14.1M); as at May 31, 2026 outstanding was $14.1M (availability $14.4M). Balance sheet reports 'Secured Operating Line of Credit' of $18,045K at FY25 (Dec 31, 2025) and $13,895K at YTD May 31, 2026 (internal). Lender also controls collections via blocked account/daily cash-sweep mechanism. · page: 11 · as of: 2026-06-30 · amount: 13600000 · debtor: Canada Tire Inc. · creditor: FGI Financial · currency: CAD · security: Asset-based operating line of credit secured against accounts receivable and inventory (borrowing base: 90% advance on eligible AR, ~55% on eligible inventory, capped at 300% of eligible AR)