Quebec · CCAA
2025-02-12 Deuxième OIAR (en anglais seulement)
Amended and restated initial order · 12 February 2025
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 filing17 verified
- applicantELNA MEDICAL GROUP INC. / GROUPE MÉDICAL ELNA INC.
- appointeeRaymond Chabot Inc.
- appointee roleMonitor
- commencement date11 December 2024
- courtSUPERIOR COURT
- court file no500-11-065011-245
- provinceQUÉBEC
- statutory basisCompanies’ Creditors Arrangement Act, RSC 1985, c C-36, as amended
- secured creditorsnote: Treated as unaffected creditor; claims/rights not compromised by Plan; also DIP Interim Lender · page: 5 · debtor: Applicants (including Gestion Privamed Inc.) · creditor: National Bank of Canada (NBC) · currency: CAD · security: Credit agreement security; also acting as Interim (DIP) Lender
- secured creditorsnote: Treated as unaffected creditor with respect to Gestion Privamed Inc. only · page: 5 · debtor: Gestion Privamed Inc. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Credit agreement security
- secured creditorsnote: DIP facility limit $5,000,000 outstanding at any time; DIP Charge secures aggregate $6,000,000 (principal, interest, expenses); priority 4th among CCAA Charges · page: 10 · debtor: Applicants · creditor: National Bank of Canada (as Interim/DIP Lender) · currency: CAD · security: DIP Charge over all Property of the Applicants, aggregate amount not exceeding $6,000,000
- secured creditorsnote: Related party (directors/officers); priority 6th (last) among CCAA Charges · page: 12 · amount: 1600000 · debtor: Applicants · creditor: Directors and Officers of the Applicants · currency: CAD · security: D&O Charge over Property
- secured creditorsnote: Priority 2nd among CCAA Charges (with respect to Medicentres' Property only) · page: 12 · amount: 3000000 · debtor: Medicentres Canada Inc. and Elna Acquisitions Inc. · creditor: Medicentres' doctors and other individual healthcare providers (MRP beneficiaries) · currency: CAD · security: MRP Charge on Medicentres' Property
- secured creditorsnote: Priority 5th among CCAA Charges · page: 13 · amount: 250000 · debtor: Applicants · creditor: Employees designated in ELNA KERP · currency: CAD · security: ELNA KERP Charge on Property
- secured creditorsnote: Priority 3rd among CCAA Charges (with respect to Medicentres' Property only) · page: 13 · amount: 250000 · debtor: Applicants (Medicentres' Property) · creditor: Employees designated in Medicentres KERP · currency: CAD · security: Medicentres KERP Charge on Property
- secured creditorsnote: Priority 1st (highest) among CCAA Charges; secures professional fees/disbursements · page: 19 · amount: 1000000 · debtor: Applicants · creditor: Raymond Chabot Grant Thornton & Co LLP (Monitor), Monitor's legal counsel, CFO, Applicants' legal counsel · currency: CAD · security: Administration Charge on Property
- presiding officerJustice Martin F. Sheehan