Manitoba · CCAA
Pre-Filing Report of the Proposed Monitor
Pre-filing report · 9 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 filing5 verified
- financial positionnote: Current assets approximately $68.4 million and current liabilities approximately $75.0 million. Balance sheet attached to Nguyen Affidavit as Exhibit I. Material secured debt stated as totalling approximately $72.5 million (BMO, FCC, CLAAS, AGCO). · page: 11 · as at: 2026-08-31 · basis: Unaudited consolidated balance sheet; total net book values, stated as approximate. Report notes the net book values 'may differ materially from their realizable value'. · scope: Consolidated: AgWest Ltd., 10159642 Manitoba Ltd. and 10159646 Manitoba Ltd. · currency: CAD · total assets: 75800000 · total liabilities: 73700000
- secured creditorsnote: Stated as approximately $34.3 million, including accrued interest and excluding accrued legal fees or charges. Loan Agreement dated May 1, 2023 provided seven credit facilities. BMO demanded repayment and issued a BIA s.244(1) notice on July 30, 2026. 642 is parent and guarantor (related party). · page: 11 · as of: 2026-10-07 · amount: 34300000 · debtor: AgWest Entities (AgWest Ltd., 10159642 Manitoba Ltd., 10159646 Manitoba Ltd.) · creditor: Bank of Montreal (BMO) · currency: CAD · security: Limited recourse guarantee and pledge agreement from 642; first charge collateral mortgage over lands in Elie and Neepawa, Manitoba; general assignment of rents and leases; general security agreements from each AgWest Entity; assignment of insurance policies and material agreements
- secured creditorsnote: Stated as approximately $10.0 million. · page: 12 · as of: 2026-09-30 · amount: 10000000 · debtor: AgWest Entities · creditor: Farm Credit Canada (FCC) · currency: CAD · security: First charge collateral mortgage over lands in Brandon and Russell, Manitoba
- secured creditorsnote: Stated as approximately $7.4 million. Equipment financier (PMSI class). · page: 12 · as of: 2026-09-30 · amount: 7400000 · debtor: AgWest Entities · creditor: Claas of America Inc. (CLAAS) · currency: CAD · security: Registrations against specific, serial-numbered CLAAS equipment
- secured creditorsnote: Stated as approximately $20.8 million. Equipment financier (PMSI class). · page: 12 · as of: 2026-09-30 · amount: 20800000 · debtor: AgWest Entities · creditor: AGCO Canada Ltd. (AGCO) · currency: CAD · security: Registrations against specific, serial-numbered AGCO equipment