Ontario · CCAA
Amended Joint Motion Record of Royal Bank of Canada, as Administrative Agent, Bank of Montreal and BMO Bank N.A. (updated), dated October 23, 2026
Application / notice of application · 30 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 filing7 verified
- secured creditorsnote: No amount stated in these pages. DIP Lenders' Charge is subordinate to (i) third-party financers' perfected security in specific vehicle and lease collateral and proceeds, (ii) valid registered third-party mortgages, and (iii) until and including April 19, 2024 (extendable), Triumph Financial Services LLC's security in the Property of Arnold Transportation Services, Inc. up to a maximum of $3 million. Charge amounts for the Administration Charge ($3 million max), Intercompany Advances Charge, and Directors' Charge ($7.4 million max) are priority court-ordered charges, not pre-filing debt. · page: 132 · debtor: Pride Entities (DIP Borrowers) · creditor: DIP Agent and DIP Lenders (Administrative Agent and Syndicate Lenders; RBC is administrative agent per the cover page) · currency: CAD · security: DIP Lenders' Charge on the Property, ranking third among the CCAA Charges (after Administration Charge and Intercompany Advances Charge); also pre-filing Security under the Existing Credit Agreement, and security granted by certain Intercompany Creditors over their personal property including intercompany claims.
- secured creditorsnote: The $3 million is a stated MAXIMUM amount of the security interest to which the DIP Lenders' Charge/Directors' Charge are subordinate, not a stated outstanding balance. Subordination applies only until and including April 19, 2024, extendable by further Order. The Endorsement refers to a 'difference between CDN $3 million and USD $3 million', indicating the cap may be USD; currency is not stated in the Order itself. · page: 132 · amount: 3000000 · debtor: Arnold Transportation Services, Inc. · creditor: Triumph Financial Services LLC · currency: USD · security: Validly perfected and enforceable security interest in the Property of Arnold Transportation Services, Inc.
- secured creditorsnote: Aggregate class; no amount stated in these pages. · page: 132 · debtor: Pride Entities · creditor: Third-party financers in specific vehicle and lease collateral (PPSA equipment financiers (PMSI class)) · currency: CAD · security: Validly perfected and enforceable security interests in specific vehicle and lease collateral and proceeds; rank ahead of the DIP Lenders' Charge and Directors' Charge
- secured creditorsnote: No outstanding balance stated in these pages. Validity/enforceability subject to Monitor's counsel opinion before distribution of sale proceeds. · page: 159 · debtor: Certain DIP Borrowers (mortgagors of the Roynat Mortgage Pool properties) · creditor: Roynat Inc. - Roynat Mortgage Pool · currency: CAD · security: Mortgages over real estate acquired with Roynat financing (Canada and U.S.), cross-collateralized within the pool; separate offers of finance per acquisition. Ranks ahead of the DIP Lenders' Charge and Directors' Charge on the Properties.
- unsecured creditorsnote: Intercompany claims (not third-party). Certain Intercompany Creditors have granted the Administrative Agent a security interest over these claims, and the claims are subject to the DIP Charge and other CCAA Charges. No amount stated. · page: 159 · basis: Preservation Protocol background: Intercompany Indebtedness among DIP Borrowers · debtor: Certain DIP Borrowers in the Mortgage Pools · creditor: Intercompany Creditors (DIP Borrowers owed Intercompany Indebtedness by other DIP Borrowers) · currency: CAD
- unsecured creditorsnote: No individual creditors or amounts named in these pages; claims are preserved in the proceeds pool pursuant to the Intercompany and Unsecured Claims Preservation Protocol. · page: 159 · basis: Preservation Protocol background: 'Certain of the DIP Borrowers in the Mortgage Pools are and may become indebted to third parties on an unsecured basis' · debtor: Certain DIP Borrowers in the BMO and Roynat Mortgage Pools · creditor: Other Creditors (third-party unsecured creditors of DIP Borrowers in the Mortgage Pools, aggregate) · currency: CAD
- secured creditorsnote: No outstanding balance stated in these pages. Validity/enforceability of the security must be confirmed by a Monitor's counsel opinion before any sale proceeds are distributed to BMO (Preservation Protocol). Protocol background expressly not determinative of quantum, validity or priority. · page: 160 · debtor: Certain DIP Borrowers (mortgagors of the BMO Mortgage Pool properties) · creditor: Bank of Montreal (BMO) - BMO Mortgage Pool · currency: CAD · security: Mortgages over acquired real estate in Canada and the U.S. plus other security, cross-collateralized within the pool; delayed-draw real estate facility (BMO Real Estate Line Term Sheet dated June 21, 2022; Credit Agreement dated August 29, 2022). Ranks ahead of the DIP Lenders' Charge and Directors' Charge on the Properties.