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: Amount stated is the Loan Limit (lesser of $277,000,000 or 23% of Total Project Costs), a facility limit, not an outstanding balance; secured non-revolving term facility · page: 4 · as of: Effective Date (facility limit) · amount: 277000000 · debtor: Varennes Cellulosic Ethanol LP · creditor: Canada Infrastructure Bank (Lender) · currency: CAD · security: All Encumbrances/Security described in Section 10 of Credit Agreement over Collateral (all immovable/moveable property, Project Accounts, partnership units, etc.); first ranking priority subject to Permitted Encumbrances
- secured creditorsnote: IQ Debt facility limit per sources table, not outstanding balance; secured creditor ranking pari passu with CIB per Intercreditor Agreement · page: 4 · as of: Effective Date (facility limit) · amount: 150000000 · debtor: Varennes Cellulosic Ethanol LP · creditor: Investissement Québec (IQ Credit) · currency: CAD · security: Encumbrances pari passu/subordinate arrangements per Intercreditor Agreement; pari passu first ranking with Lender on insurance