Quebec · CCAA
Motion for Provisional Relief
Application / notice of application · 24 March 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 filing2 verified
- secured creditorsnote: CAD-denominated tranche of aggregate outstanding capital owed under the Credit Agreement; forbearance conditions imposed since August 2024 following event of default; Initial Order confirms these creditors remain 'unaffected creditors' entitled to enforce their security. · page: 7 · as of: 2025-03-18 · amount: 39976554.72 · debtor: Pelican International Inc., Pelican US Topco LLC, Confluence Outdoor Inc. · creditor: National Bank of Canada, as administrative agent, collateral agent and hypothecary representative, for a syndicate including National Bank of Canada, Bank of Montreal, Fédération des Caisses Desjardins du Québec and Toronto-Dominion Bank (the "Lenders") · currency: CAD · security: Syndicated secured loan under Credit Agreement; hypothecary/collateral security (NBC as hypothecary representative)
- secured creditorsnote: USD-denominated tranche of aggregate outstanding capital owed under the Credit Agreement; forbearance conditions imposed since August 2024 following event of default; Initial Order confirms these creditors remain 'unaffected creditors' entitled to enforce their security. · page: 7 · as of: 2025-03-18 · amount: 62670338.63 · debtor: Pelican International Inc., Pelican US Topco LLC, Confluence Outdoor Inc. · creditor: National Bank of Canada, as administrative agent, collateral agent and hypothecary representative, for a syndicate including National Bank of Canada, Bank of Montreal, Fédération des Caisses Desjardins du Québec and Toronto-Dominion Bank (the "Lenders") · currency: USD · security: Syndicated secured loan under Credit Agreement; hypothecary/collateral security (NBC as hypothecary representative)