Nova Scotia · NOI
Second Report of MNP
Court officer report · 19 August 2021
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: Company advised it will remain within limits of current TD operating facility; no balance stated · page: 5 · debtor: Atlantic Crane & Material Handling Limited, Labrador Cranes 2005 Limited, LCB Rentals Limited · creditor: Toronto Dominion Bank · currency: CAD · security: Interests in the Company (operating/demand loan facility referenced as TD operating facility)
- secured creditorsnote: Discussions held with BMO's solicitors regarding their interests in the Company and insolvency proceedings; no amount stated · page: 5 · debtor: Atlantic Crane & Material Handling Limited, Labrador Cranes 2005 Limited, LCB Rentals Limited · creditor: Bank of Montreal · currency: CAD
- secured creditorsnote: Purchase price under Stalking Horse APA is $1,250,000 plus payment or assumption of sums due to BDC secured by this mortgage; balance not stated · page: 28 · debtor: LCB Rentals Limited · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Mortgage of real property (Permitted Encumbrance) over LCB Rentals Limited's real property
- purchaserRussell Industries Corp.
- sale advisorMNP Ltd.
- sale outcometext: Company applied for a Stalking Horse and Bidding Procedures Order to pursue a sale process · scope: whole_business · status: process_approved
- stalking horseRussell Industries Corp.