Ontario · Receivership (court-appointed)
VOL I OF IV - APPLICATION RECORD - APPLICANTS
Application / notice of application · 28 August 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 filing3 verified
- secured creditorsnote: Listed as a secured party on the service list with security exhibits referenced in the table of contents; no balance stated on the pages provided · page: 3 · debtor: Allen-Vanguard Corporation and/or Allen-Vanguard Ltd. · creditor: Export Development Canada · currency: CAD · security: Export Development Canada Security Agreement dated December 18, 2009; Export Development Canada Debenture dated December 18, 2009; Export Development Canada Securities Pledge Agreement dated December 18, 2009; Export Development Canada U.S. Security and Pledge Agreement dated December 18, 2009; subject to Intercreditor Agreement dated December 18, 2009
- secured creditorsnote: Total indebtedness under Credit Agreement approx. US$80,309,624.64 as of June 30, 2026 (prose approximation); exact component balances: $32,724,954.54 owing under Revolving Credit Facility and $47,584,670.10 owing under Term Loan Facility as of same date (page 34). UK registrations for the Debentures appear discharged in 2019 but Lenders not aware of documentation confirming termination of the Debentures themselves (page 21). Guaranteed by Allen-Vanguard Ltd., AV Investments, LLC and AVI (related party/affiliate guarantees, not personal guarantees). · page: 15 · as of: 2026-06-30 · amount: 80309624.64 · debtor: Allen-Vanguard Corporation and Allen-Vanguard Ltd. · creditor: Contego AV Funding II, LLC and Contego AV Funding II-A, LLC (as senior secured lenders, via CFS Administrative Agency Canada Corp. as Agent) · currency: USD · security: General Security Agreement dated May 6, 2008 (all present and after-acquired property of Borrower); two Debentures dated May 6, 2008 and December 18, 2009 (all present and after-acquired property of Allen-Vanguard Ltd. and pledge of its shares); Securities Pledge Agreement dated December 18, 2009 (pledge of Borrower's shares); Security Agreement Supplement dated December 18, 2009 (AV Investments, LLC present and after-acquired property); Reaffirmation of Credit Documents dated March 22, 2013. Revolving Credit Facility limit $17,500,000; Term Loan Facility limit $25,844,403.97 (facility limits, not balances).
- secured creditorsnote: Applicants intend to provide notice of these Receivership Proceedings to these other secured parties; no names or amounts given · page: 16 · debtor: Allen-Vanguard Corporation and Allen-Vanguard Ltd. · creditor: Other secured parties with registrations against the Property (unnamed) · currency: CAD · security: Registrations against the Property; nature and priority not specified