Ontario · CCAA
Joint Motion Record of Royal Bank of Canada, as Administrative Agent, Bank of Montreal and BMO Bank N.A., dated October 23, 2026
Application / notice of application · 23 October 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 filing7 verified
- secured creditorsnote: Aggregate class; no amounts stated on these pages. · page: 132 · creditor: Third-party financiers in specific vehicle and lease collateral (PPSA equipment financiers (PMSI class)) · currency: CAD · security: Validly perfected and enforceable security interests in specific vehicle and lease collateral and proceeds; DIP Lenders' Charge and Directors' Charge are subordinate to them
- secured creditorsnote: Amount is the stated maximum of the priority carve-out, not an outstanding balance. The Initial Order endorsement notes a difference between CDN $3 million and USD $3 million; currency per that discussion, not confirmed in the Order text itself. · page: 132 · amount: 3000000 · debtor: Arnold Transportation Services, Inc. · creditor: Triumph Financial Services LLC · currency: USD · security: Validly perfected and enforceable security interest in the Property of Arnold Transportation Services, Inc.; DIP Lenders' Charge and Directors' Charge subordinate to it up to the stated maximum, until and including April 19, 2024 (extendable by further Order)
- secured creditorsnote: Pre-filing balance not stated on these pages. The DIP Lenders' Charge (DIP Agent and DIP Lenders) is a separate post-filing charge, not pre-filing debt. · page: 159 · debtor: Pride Entities · creditor: Administrative Agent and Syndicate Lenders (Royal Bank of Canada, as administrative agent) · currency: CAD · security: 'Security' under the Existing Credit Agreement; rank ahead of the Directors' Charge. The Agent also holds security in the personal property of certain Intercompany Creditors, including their claims for Intercompany Indebtedness.
- secured creditorsnote: Outstanding balance not stated in these pages; to be repaid from sale proceeds of Properties in the pool upon Monitor's counsel's security opinion and court order. · page: 159 · debtor: certain DIP Borrowers (BMO Mortgage Pool mortgagors) · creditor: Bank of Montreal (BMO) · currency: CAD · security: Mortgages over acquired real estate in Canada and the U.S. plus other security, cross-collateralized within the BMO Mortgage Pool; delayed-draw facility under BMO Real Estate Line Term Sheet dated June 21, 2022 and Credit Agreement dated August 29, 2022. Mortgages rank ahead of the DIP Lenders' Charge and Directors' Charge.
- secured creditorsnote: Outstanding balance not stated in these pages; to be repaid from sale proceeds of Properties in the pool upon Monitor's counsel's security opinion and court order. · page: 159 · debtor: certain DIP Borrowers (Roynat Mortgage Pool mortgagors) · creditor: Roynat Inc. · currency: CAD · security: Mortgages over acquired real estate in Canada and the U.S. plus other security, cross-collateralized within the Roynat Mortgage Pool; separate offers of finance per acquisition. Mortgages rank ahead of the DIP Lenders' Charge and Directors' Charge.
- unsecured creditorsnote: Amounts not stated. Certain Intercompany Creditors have granted the Administrative Agent security over these claims. Background statements are expressly not determinative of quantum, existence, validity or priority. · page: 159 · basis: Intercompany Indebtedness as described in the Intercompany and Unsecured Claims Preservation Protocol background · debtor: certain DIP Borrowers in the Mortgage Pools · creditor: Intercompany Creditors (DIP Borrowers owed Intercompany Indebtedness by other DIP Borrowers) · currency: CAD
- unsecured creditorsnote: No individual creditors or amounts named on these pages. · page: 159 · basis: Protocol background: 'are and may become indebted to third parties on an unsecured basis' · debtor: certain DIP Borrowers in the Mortgage Pools · creditor: Other Creditors (third-party unsecured creditors of DIP Borrowers in the Mortgage Pools) · currency: CAD