Ontario · NOI
Motion Record of the Field Entities dated June 6, 2026 - Volume I of III
Application / notice of application · 6 June 2026
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What we verified from this filing6 verified
- applicantField Aviation Company Inc. and Field Aviation East Ltd.
- courtSUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)
- financial positionnote: Figures described as 'approximately'; Field East is a non-operating subsidiary with no operating income and its own assets/liabilities are not quantified (only STCs as assets and Wells guarantee as liability). · page: 14 · as at: 2026-03-31 · basis: most recently prepared balance sheet and statement of profit and loss (Exhibit D); approximate figures as stated by affiant · scope: Field Aviation Company Inc. (Field Canada) entity-level only · currency: CAD · total assets: 11900000 · total liabilities: 17200000
- secured creditorspage: 14 · amount: 151747.3 · debtor: Field Aviation Company Inc. · creditor: VW Credit Canada Inc. · currency: CAD · security: PPSA registration (Ontario), Equipment/Other/Motor Vehicle included, registered September 14, 2023, expiring September 14, 2028; V.I.N. WUAPCBF23PN905522
- secured creditorsnote: Field East is guarantor of the Secured Indebtedness owed by Field Canada/ASES under the Credit Agreement; no separate balance stated for Field East. Affidavit states Wells is Field East's sole secured creditor. · page: 15 · debtor: Field Aviation East Ltd. · creditor: Wells Fargo Bank, National Association (Wells Capital, as secured party) · currency: CAD · security: General security interest in all present and after-acquired personal property (PPSA registration, Ontario and Alberta, registered June 2, 2026, expiring June 2, 2031); Field East executed Joinder to the Security Agreements on June 5, 2026 as Guarantor
- secured creditorsnote: Amount is a floor: Loan Parties acknowledge indebtedness 'in the aggregate principal amount of not less than $4,395,153.14' as of close of business June 5, 2026, plus accruing interest, fees and costs. Notice of Motion (para. 7) describes the same 'Secured Indebtedness' in round prose terms as 'approximately $6.1 million'. Credit Agreement facility ceiling (not a balance) is up to US$10 million senior asset-based revolving facility. Sole secured lender per affidavit. · page: 122 · as of: 2026-06-05 · amount: 4395153.14 · debtor: Field Aviation Company Inc. (joint and several with ASES, LLC, U.S. co-borrower) · creditor: Wells Fargo Bank, National Association (as Agent), together with Wells Fargo Capital Finance Corporation of Canada (Canadian lender) and Wells Fargo Bank, N.A. (U.S. lender) · currency: CAD · security: General security interest in all present and after-acquired personal property (PPSA registration, Ontario and Alberta, registered January 6, 2021, expiring January 6, 2031); Canadian and U.S. Guaranty and Security Agreements dated January 29, 2021