Ontario · CCAA
Application Record - Returnable May 13, 2026
Application / notice of application · 6 May 2026
Also filed as: Application Record - Returnable May 13, 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 filing9 verified
- financial positionnote: Total assets table appears at original page 36; total liabilities table appears at original page 42. Audited/reviewed 2024 Financial Statements (year ended September 30, 2024) are also referenced (Exhibit C) but not summarized on the pages provided. · page: 36 · as at: 2026-03-31 · basis: Unaudited book value per Interim Financials, prepared by management for internal reporting purposes; not audited or reviewed by the Applicant's external accountants · scope: The EBF Group Ltd. (Applicant), entity-level · currency: CAD · total assets: 28002409 · total liabilities: 28499477
- secured creditorsnote: Figure reflects the Fourth A&R Vyner Loan Agreement (Dec 6, 2024) principal facility limit (lesser of $5,750,000 and the Margin Limit), matching the book value shown in Liabilities table ('Secured Loans - Vyner') as at March 31, 2026. Also supported by Vyner Guarantee/postponement from Frederick J. Paatz (related party) and Vyner Postponement. Brian Vyner also personally holds PPSA registration File No. 776319165 (registered Sept 13, 2021) over blanket collateral. · page: 42 · as of: 2026-03-31 · amount: 5750000 · debtor: The EBF Group Ltd. · creditor: Vyner (Brian Vyner, as trustee for beneficial owners) · currency: CAD · security: Vyner GSA dated September 15, 2021 - general security agreement over all present and after-acquired personal property, assets and undertaking of the Applicant (all-asset)
- secured creditorsnote: Approximate remaining principal balance of $3,000,000 per June 11, 2025 letter agreement extension (facility had been increased to $4,250,000, then reduced by a $1,250,000 principal repayment); this matches the book value shown in the Liabilities table as at March 31, 2026. Also supported by the 196 Guarantee - personal guarantee and postponement of claim from Frederick J. Paatz (affiant; related party) dated June 10, 2021. · page: 42 · as of: 2026-03-31 · amount: 3000000 · debtor: The EBF Group Ltd. · creditor: 196 Ontario · currency: CAD · security: 196 Ontario GSA dated June 10, 2021 - general security agreement over all present and after-acquired personal property, assets and undertaking of the Applicant (all-asset)
- secured creditorsnote: Aggregated per PPSA search results (Exhibit E) as at April 14, 2026; no balances stated. · page: 43 · as of: 2026-04-14 · debtor: The EBF Group Ltd. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Vehicle-specific PPSA registrations: Royal Bank of Canada (2021 Mazda CX-9, File No. 501270084); Hyundai Capital Lease Inc. (2025 Hyundai Palisade, File No. 518125437); Toyota Credit Canada Inc. (2025 Toyota 4Runner, File No. 518341932)
- secured creditorsnote: Individual secured creditor per PPSA search results (Exhibit E); no balance stated. · page: 43 · as of: 2026-04-14 · debtor: The EBF Group Ltd. · creditor: Melissa Bird · currency: CAD · security: PPSA registration File No. 518936364 (registered August 5, 2025, expires August 5, 2030) over Goods Inventory, Equipment, Accounts, Other, Motor Vehicle
- secured creditorsnote: Related party (Frederick J. Paatz, the affiant, is trustee). Registration subordinated to Brian Vyner's registration (File No. 757300788) pursuant to a postponement and subordination agreement dated November 5, 2019 among the Debtor, the Secured Party, Frederick J. Paatz and Brian Vyner; no balance stated. · page: 43 · as of: 2026-04-14 · debtor: The EBF Group Ltd. · creditor: Paatz 2016 Family Trust · currency: CAD · security: PPSA registration File No. 757288755 (registered November 5, 2019, expires November 5, 2029) over Goods Inventory, Equipment, Accounts, Other, Motor Vehicle
- secured creditorsnote: No balance stated in PPSA search results; elsewhere referenced as a party subordinated to other lenders (e.g., under FHHL-Rumble Note subordination arrangements). · page: 43 · as of: 2026-04-14 · debtor: The EBF Group Ltd. · creditor: 1968328 Ontario Inc. (Harcap) · currency: CAD · security: PPSA registration File No. 773283492 (registered June 8, 2021, expires June 8, 2026) over Goods Inventory, Equipment, Accounts, Motor Vehicle
- secured creditorsnote: Stated as 'aggregate amount outstanding under all FHHL Financing Arrangements' (para 97). Comprised of components including the FHHL $2.5M Note (~$2,648,187 incl. $148,187 accrued interest, as at March 31, 2026) and Summit Bulge Funding (~$1,329,517 incl. $79,517 accrued interest, as at March 31, 2026). The Liabilities table separately shows book value of $13,114,188 for 'Secured Loans - FHHL and related facilities' as at March 31, 2026, a different figure/scope than the FHHL Financing Arrangements aggregate. FHHL's security is subordinated to 196 Ontario's security under the FHHL-196 Ontario Intercreditor Agreement, except for FHHL Priority Assets up to the outstanding principal of the FHHL-Summit Note. FHHL also holds 'senior tranche' participation interests (JNR Farms, Project X, Summit Bulge Facility) under Participation Agreements, structured via trust rather than direct GSA. · page: 54 · as of: 2026-03-31 · amount: 13911814 · debtor: The EBF Group Ltd. · creditor: Fred Hageman's Holdings Limited (FHHL) · currency: CAD · security: FHHL GSA dated September 27, 2024 - general security agreement over all present and after-acquired personal property, assets and undertaking of the Applicant (all-asset), securing the FHHL Revolving Note; also secured by assignment of debt and security re: the Rumble Facility (FHHL-Rumble Note, $4,700,000 principal), guaranteed by Bancorp Commercial Finance Inc. (Bancorp Guarantee), which is itself secured by a second mortgage on the Bracebridge Property subsequent to the CIBC Mortgage; PPSA registrations File Nos. 500821641 (Accounts and Other) and 509822199 (Inventory, Equipment, Accounts, Other, Motor Vehicle)
- secured creditorsnote: Registration/mortgage ceiling of $350,000 stated in the FHHL-Rumble Note (Exhibit P); not a stated outstanding balance. Ranks in priority ahead of the Bancorp Guarantee's second mortgage on the same property. · page: 300 · debtor: The EBF Group Ltd. · creditor: Canadian Imperial Bank of Commerce (CIBC) · currency: CAD · security: First charge/mortgage of land (the 'CIBC Mortgage') over the Bracebridge Property (Con. 12 Lot 31, PCL 21726) owned by the Applicant, in an amount not to exceed $350,000