Ontario · CCAA
Third Report of the Monitor (September 25, 2026)
Court officer report · 25 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 filing5 verified
- secured creditorsnote: Outstanding pre-filing balance not stated on these pages. Counsel to the Monitor has opined BMO holds a valid and enforceable first mortgage over the Commercial Plaza. DIP facility is separate: Interim Financing Term Sheet increased from $3,500,000 to $5,000,000 maximum (a limit, not a balance); cumulative interim financing balance forecast at $5,000,000 by week of 2026-10-23 per the cash flow forecast. Floor plan principal balance not stated. · page: 12 · debtor: Trinity Auto Group (the Companies) · creditor: Bank of Montreal (BMO) · currency: CAD · security: Senior secured lender; floor plan facilities; holds a first mortgage over the Commercial Plaza (222 Advance Blvd, Brampton) per counsel opinion; Interim Financing Charge (super-priority DIP charge) on all property of the Companies
- secured creditorsnote: The Monitor is working with parties claiming security over the Commercial Plaza to complete a security review; the review concerns a subordinate mortgage. Validity not yet confirmed; amount and identity not stated. · page: 12 · debtor: 1000493417 Ontario Inc. (Commercial Plaza) · creditor: Subordinate mortgagee on Commercial Plaza (unnamed) · currency: CAD · security: Subordinate mortgage over the Commercial Plaza, 222 Advance Blvd, Brampton, ON
- process resultsndas: 15 · note: Teaser letter distributed to approximately 259 parties; 15 non-disclosure agreements entered into; non-binding expressions of interest due Friday, October 9, 2026. · solicited: 259
- sale advisorBDO Canada Transaction Advisory Services Inc.
- sale outcometext: SISP approved on September 10, 2026 and being implemented by the Sales Agent; non-binding expressions of interest due October 9, 2026; no bid yet selected. · scope: whole_business · status: process_approved