Alberta · Receivership (court-appointed)
First Report of the Receiver - Filed April 30, 2026
Court officer report · 30 April 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing2 verified
- secured creditorsnote: Underlying Guarantee (dated on or about April 14, 2025) is limited to a principal amount of $10,000,000.00 plus interest and costs (a facility/guarantee limit, not the outstanding balance); balance owing per affidavit of Alexandra Durstling sworn Oct 31, 2025 was $1,598,592.05 plus interest accruing at contractual default rate; 274's legal fees anticipated to be added but not confirmed as at report date · page: 5 · as of: 2025-10-31 · amount: 1598592.05 · debtor: WAM Red-L Limited Partnership · creditor: 2740805 Alberta Ltd. ("274") · currency: CAD · security: General Security Agreement and Securities Pledge Agreement pledging the Units held by WAM LP; rights assigned from ATB Financial via Bare Assignment of Debt and Security dated August 26, 2025; senior secured position
- secured creditorsnote: Second/subordinated position - security expressly subordinated to and ranks behind 274's senior security per Intercreditor and Subordination Agreement dated April 28, 2025 (section 2.3(a)) · page: 6 · as of: 2026-04-24 · amount: 65220434.62 · debtor: WAM Red-L Limited Partnership · creditor: ATB Financial (as agent for lending syndicate, formerly for ICE District Block BG Limited Partnership facility) · currency: CAD · security: Guarantee and security over the Units granted pursuant to syndicated credit agreement dated July 17, 2020; WAM LP executed unlimited joint and several guarantee