Alberta · CCAA
Pre-Filing Report of the Proposed Monitor
Pre-filing report · 27 January 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 filing1 verified
- secured creditorsnote: Amount is the sum demanded in s.244 BIA demand letters/notices of intention to enforce security served Jan 16, 2025 (plus legal/professional fees, costs, charges, disbursements and expenses, not quantified). Debt replaced/repaid the prior RBC Credit Agreement (Amended and Restated Credit Agreement dated Dec 18, 2020) in full on Dec 20, 2024; RBC facility is discharged and not a pre-filing secured creditor as of the filing date. Per the Cash Flow Statement (Appendix A), pre-filing secured debt opening balance under this facility was $65,660,000 (C$000s) as of Jan 26, 2025 (start of forecast period) - a rounded/forecast-model figure distinct from the exact dated demand amount. · page: 7 · as of: 2025-01-16 · amount: 66414413.41 · debtor: Peavey Industries LP, by its general partner Peavey Industries General Partner Limited (borrower); guaranteed by Peavey GP, TSC Stores GP Inc. and Guy's Freightways Ltd. · creditor: 1903 Partners, LLC (Lenders), by 1903P Loan Agent, LLC as Agent · currency: CAD · security: 1903 Credit Agreement dated December 20, 2024 comprising: GB Revolving Loan Facility (maximum $105,000,000 until April 1, 2025, then $90,000,000, borrowing-base secured against eligible accounts, inventory and credit card receivables) and GB Term Loan Facility (maximum $30,000,000, borrowing-base secured against eligible accounts, inventory, credit card receivables and equipment); secures substantially all present and future assets, property and undertaking of the Applicants