Ontario · CCAA
Ninth Report of the Monitor
Court officer report · 3 November 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 filing10 verified
- cash on handas at: 2025-10-25 · amount: 1900000 · currency: CAD · qualifier: approximately
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: kind: unstated · label: KPMG Fee Period · quote: The average hourly rate billed by the Monitor during the KPMG Fee Period is $553.85. · approval: state: unstated · averages: rate: 553.85 · quote: The average hourly rate billed by the Monitor during the KPMG Fee Period is $553.85. · currency: · invoices: · firm text: KPMG Inc. · firm quote: KPMG Inc. · context quote: NINTH REPORT OF KPMG INC., IN ITS CAPACITY AS MONITOR; form: prose · rows: · money: approximate: false · period: end: 2025-09-30 · kind: interim · label: Approval Period · quote: for the period from May 1, 2025, to September 30, 2025 (the ' Approval Period '). · start: 2025-05-01 · approval: quote: seeking, among other things, approval of the fees and disbursements of Osler in its capacity as legal counsel for the Monitor for the period from May 1, 2025, to September 30, 2025 (the ' Approval Period '). · state: sought · averages: rate: 969.76 · quote: Osler incurred a total of 617.10 hours in connection with this matter during the Approval Period at an average hourly rate of $969.76. · currency: · invoices: · firm text: Osler · firm quote: Osler in its capacity as legal counsel for the Monitor · hours total: quote: Osler incurred a total of 617.10 hours in connection with this matter during the Approval Period at an average hourly rate of $969.76. · value: 617.1 · context quote: 2025, by the Monitor for an Order seeking, among other things, approval of the fees and disbursements of Osler in its capacity as legal counsel for the Monitor for the period from May 1, 2025, to September 30, 2025 (the ' Approval Period ').
- operational summaryThe Debtors, under the CRO's stewardship and Monitor's supervision, continued operating in the ordinary course while the Monitor pursued approval of a sale transaction (the APA) resulting from the SISP, with the Buyer to acquire substantially all assets as a going concern.
- process resultsbids: 4 · lois: 9 · ndas: 29 · note: Phase 1: nine LOIs received; six met Phase 1 Qualified Bid requirements; Phase 2: four offers received from Phase 1 Qualified Bidders · as of: 2025-10-09 · solicited: 108 · qualified bids: 6
- professional feesnote: Excludes sales taxes; disbursements of $22,261.41 also stated separately. Osler (counsel) fees for the same period were $600,581.00 (including fixed fees), plus disbursements of $876.25, both excluding sales taxes. · party: KPMG Inc. (Monitor) · amount: 318020 · period: May 1, 2025 to September 30, 2025 · currency: CAD
- purchaser1001363332 Ontario Inc.
- report date3 November 2025
- report noNinth Report
- sale advisorCanadian Imperial Bank of Commerce
- sale outcometext: SISP resulted in Successful Bid selection and Transaction pending Approval Order · scope: whole_business · status: pending_approval