Quebec · NOI

Debtors’ Application for: (A) an Extension of the Stay of Proceedings, and (B) an increase in certain interim financing (in French)

Application / notice of application · 23 September 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: This $155,000 is the principal amount of interim financing authorized/in place (post-filing), not a pre-filing secured debt; the stated figure is the authorized capital, not a stated drawn balance. Additional increase amounts remain undetermined ([•]) pending the Trustee's fifth report and forecasts. Interim lender is a related-entity name (SSTM International) — relationship not stated. · page: 3 · amount: 155000 · debtor: Scierie St-Michel Inc. · creditor: SSTM International Inc. (interim lender, "Prêteur International") — Scierie St-Michel Inc. interim financing · currency: CAD · security: Interim financing already in place and court-approved; terms: interest 12%/year paid monthly; opening fee $7,500; professional fees; NO priority charge ('Charge prioritaire : aucune')
secured creditorsnote: Authorized interim capital amount (post-filing), not a pre-filing balance; stated total is $448,200 (163,700 + 284,500 as the document itself states). Further increase amounts to be determined. · page: 3 · amount: 448200 · debtor: SSTM Valorisation du Bois inc. · creditor: SSTM International Inc. (interim lender, "Prêteur International") — SSTM Valorisation du Bois inc. interim financing · currency: CAD · security: Interim financing: initial $163,700 plus capital increase of $284,500 authorized by the September 3, 2026 Order; same terms (12% interest, $7,500 opening fee, no priority charge)