Quebec · CCAA
Application for the issuance of an Approval Vesting Order
Application / notice of application · 8 October 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 filing1 verified
- secured creditorsnote: Outstanding balance owed to FGI is not stated in this document. Sale proceeds (cash surrender value plus 5%) are to be applied in reduction of the FGI secured debt; FGI agrees with / does not oppose the Transaction. · page: 5 · debtor: La Cie Canada Tire Inc. / Canada Tire Company Inc. · creditor: FGI Worldwide LLC (as agent and lender) · currency: CAD · security: Revolving credit and guarantee agreement dated December 18, 2025, including a deed of hypothec dated March 9, 2026, over the universality of Canada Tire's movable property (the "FGI Security"); charges Canada Tire's rights in the six life insurance policies. Application states FGI is the only creditor with security over the Life Insurance Policies and ranks ahead of all other claims on them.