What we verified from this filing2 verified
- secured creditorsnote: Outstanding principal balance stated as 'approximately $30.6 million', reduced from total committed facilities of approximately $41.26 million (a $36.1M Term Loan + $5.16M Delayed Draw Loan, a facility limit not a balance) following a $7.3 million permanent prepayment and application of approximately $13.3 million in Connect Atlantic disposition proceeds in December 2025; stated as outstanding and due 'as of the date of this affidavit' · page: 2 · as of: 2026-03-18 · amount: 30600000 · debtor: CFFI Ventures Inc. (guarantor); Cormorant Utility Services Limited (borrower) · creditor: SFPC Quantum LP ("Quantum") · currency: CAD · security: Amended and Restated Credit Agreement dated March 28, 2025 (as amended Sept 30, 2025 and Dec 30, 2025) - senior secured lender to Cormorant; CFFI Guarantee dated May 24, 2022; Securities Pledge Agreement dated May 24, 2022 granting first-priority security interest in CFFI's 4,949 common shares (54.8%) of Cormorant (Share Certificate No. 1), with HPS security in same collateral subordinated per Subordination Agreement dated May 24, 2022
- secured creditorsnote: Amount not stated; priority as to Cormorant shares is subordinated to Quantum per Subordination Agreement, but HPS holds first priority over CFFI's other assets · page: 3 · debtor: CFFI Ventures Inc. · creditor: HPS Investment Partners LLC · currency: CAD · security: Security interest in CFFI's Cormorant Securities Collateral (subordinated/junior to Quantum per Subordination Agreement dated May 24, 2022); holds first priority over all other CFFI assets