Quebec · CCAA
04 - Fifth Report of the Monitor - May 27, 2025
Court officer report · 27 May 2025
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What we verified from this filing10 verified · 1 withheld
- cash on handnote: Ending cash balance from cash flow variance report for the 7-week period ended May 16, 2025 (in $000s CAD) · as at: 2025-05-16 · amount: 7246000 · currency: CAD
- closing confirmedscope: the assets comprising the Rocky Mountain division of Industries RAD · outcome: completed · effective: 2025-05-09 · date basis: stated · approval order date: 2025-05-02; scope: the assets comprising the Industries Faucher division of Industries RAD · outcome: completed · effective: 2025-05-01 · date basis: stated · approval order date: 2025-04-11
- operational summaryFollowing the closing of the Faucher and Rocky Transactions, the Applicants no longer operate any business; remaining activities involve providing transition services to the Rocky Purchaser, winding down operations, collecting the Deferred Consideration, and completing an orderly wind-down.
- professional feesnote: Actual professional fees for the period were $0.2 million higher than forecast; figure from variance report (in $000s CAD) · party: Debtors' counsel, the Monitor, and the Monitor's counsel · amount: 897000 · period: seven-week period ended May 16, 2025 · currency: CAD
- purchaserprice: sealed: false · currency: CAD · scope: the assets comprising the Rocky Mountain division of Industries RAD · status: closed · name note: referred to as the Rocky Purchaser, unnamed in provided text · structure: assets · name source: recital · relationship: unstated; price: sealed: false · currency: CAD · scope: the assets comprising the Industries Faucher division of Industries RAD · status: closed · name note: purchaser of the Industries Faucher division assets, unnamed · structure: assets · name source: recital · relationship: unstated
- receipts cumulativenote: Total receipts for the 7-week period ended May 16, 2025, includes proceeds from Rocky and Faucher Transactions (in $000s CAD) · since: March 29, 2025 · amount: 38635000 · currency: CAD
- report date27 May 2025
- report noFifth Report
- sale advisorErnst & Young Orenda Corporate Finance Inc.
- sale outcometext: Both the Rocky Transaction and the Faucher Transaction have closed · scope: whole_business · status: closed
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.