What we verified from this filing3 verified
- secured creditorsnote: Counsel (Stikeman Elliott) describes them as the 'First Secured Lenders'; together with the Ad Hoc Committee they comprise the 'Senior Secured Lenders', stated to represent '100% of the first secured lenders of the Company and almost 90% of the Company's remaining secured creditors' · page: 1 · debtor: Baffinland Iron Mines Corporation and Baffinland Iron Mines LP · creditor: Oaktree Capital Management, L.P. and Hartree Partners, LP ("First Secured Lenders") · security: Pre-filing senior secured credit facility (referred to in the DIP Loan Agreement as the "Senior Credit Agreement"); no principal or outstanding balance figure disclosed on these pages
- secured creditorsnote: Ad Hoc Committee holds approximately 70% of outstanding notes; represented by Cassels Brock & Blackwell LLP (Canada) and Akin Gump Strauss Hauer & Feld LLP (US); together with First Secured Lenders forms 'Senior Secured Lenders' · page: 1 · debtor: Baffinland Iron Mines Corporation and Baffinland Iron Mines LP · creditor: Ad Hoc Committee of holders of 8.750% Senior Secured Notes due 2026 · security: 8.750% Senior Secured Notes issued under Senior Secured Notes Indenture dated June 27, 2018 (Wilmington Trust, National Association as Indenture Agent/trustee); no aggregate outstanding note amount stated
- secured creditorsnote: Described by the Senior Secured Lenders' counsel as the Company's remaining approximately 10% pre-filing secured creditor; EDC is also the proposed 'Third Party DIP Lender'; Senior Secured Lenders offered 'Secured Creditor Protections' to EDC to preserve its pre-filing secured position without prejudice · page: 24 · debtor: Baffinland Iron Mines Corporation and Baffinland Iron Mines LP · creditor: Export Development Canada (EDC) · security: EDC Credit Agreement dated October 7, 2022 (as amended September 27, 2023, March 26, 2024, May 27, 2025 and November 24, 2025), by and among the Borrowers and EDC as lender; no outstanding balance disclosed on these pages