Nova Scotia · CCAA
Affidavit of Brittany Bartlett sworn June 5, 2026
Affidavit · 5 June 2026
What we verified from this filing2 verified
- secured creditorsnote: Original debt/advance totaled $41.26 million (original principal, not current balance, per para 14); outstanding principal balance stated as approximately $28.5 million as of May 31, 2026; interest payments up-to-date; Cormorant intends to further reduce indebtedness by approximately $4 million via a pending real property sale expected to close on/about July 31, 2026; debt automatically accelerated upon CFFI's CCAA filing per ARCA s.7.2 · page: 3 · as of: 2026-05-31 · amount: 28500000 · debtor: Cormorant Utility Services Limited (CFFI Ventures Inc. as Parent Guarantor under the ARCA) · creditor: SAF (SFPC Quantum LP) · currency: CAD · security: First-priority security interest in CFFI's shares in Cormorant and first-priority direct security on the assets and property of Cormorant (per SFPC Quantum's counsel, Exhibit letter, p.10); secured under the Amended and Restated Credit Agreement (ARCA)
- secured creditorsnote: SISP requires Qualified Bids to provide consideration sufficient to repay in full and in cash all amounts outstanding under the Note Purchase Agreement (or lower amount agreed by HPS Secured Creditors); HPS Secured Creditors entitled to credit bid the 'HPS Debt' if no Qualified Bid received; exact balance not disclosed on these pages · page: 15 · debtor: CFFI Ventures Inc. · creditor: HPS Secured Creditors (Note Purchase Agreement) · security: Note Purchase Agreement (referred to in SISP as basis for 'HPS Debt'); no aggregate outstanding amount stated in this document