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
- secured creditorsnote: 1903 Credit Agreement dated December 20, 2024, entered as replacement financing that paid out the prior RBC Credit Agreement syndicate in full; no dated outstanding balance stated in these pages. CCAA Interim Lender's Charge of up to $15,000,000 sought for post-filing advances under this facility (post-filing, not a pre-filing balance). · page: 8 · debtor: Peavey Industries LP (borrower) · creditor: 1903P Loan Agent, LLC (as Administrative Agent for Lenders led by 1903 Partners, LLC) under the 1903 Credit Agreement · currency: CAD · security: Guarantee by Peavey GP, Guys and TSC GP; Pledge and Security Agreement (blanket over Peavey/Peavey GP/Guys/TSC GP property); Limited Recourse Guarantees and Pledges of Peavey LP partnership units by MFT, Peavey Industries and Peavey GP; Uncertificated Securities Control Agreement; Trademark Security Agreement; Blocked Account Agreements (ATB and RBC); Landlord Waivers. Revolving Loan Facility limit $105,000,000 (to April 1, 2025) then $90,000,000 (facility limit, not balance); Term Loan Facility limit $30,000,000 (facility limit, not balance)
- secured creditorsnote: DISCHARGED - syndicate paid out in full upon funding of the 1903 Credit Agreement on December 20, 2024 · page: 8 · as of: 2024-12-20 · debtor: Peavey Industries LP (borrower) · creditor: Royal Bank of Canada, as agent for a syndicate of lenders (RBC Credit Agreement) · currency: CAD · security: Amended and restated credit agreement dated December 18, 2020, guaranteed by Peavey GP and TSC GP
- secured creditorspage: 248 · debtor: Peavey Industries General Partner Limited; Peavey Industries LP · creditor: ATB Financial - Equipment Finance · currency: CAD · security: PPSA registration #302300990 (Saskatchewan) - assets related to capital expenditure for Peavey Mart stores in Alberta and Saskatchewan
- secured creditorsnote: Aggregated per-lease/PMSI balances as of November 30, 2024 disclosed in Schedule 6.02 (Existing Permitted Indebtedness) to the 1903 Credit Agreement; individual line-item balances range from $694 to $2,191,878 · page: 249 · as of: 2024-11-30 · amount: 9091738.21 · debtor: Peavey Industries LP / Guys Freightways Ltd. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Purchase money security interests / equipment, vehicle and leasehold-improvement leases per Schedule 6.02 to the 1903 Credit Agreement (lessors: ATB, BMO, Coast Capital, Dell Financial, DLL, First Capital, Grenke, Hyundai, Kubota, Landlord (leasehold improvements), Meridian, Royal Bank of Canada, TD, Toyota)
- secured creditorsnote: Related party loan; subordinated to the 1903 Credit Agreement Agent's rights pursuant to a Subordination and Postponement Agreement dated December 20, 2024 (Exhibit 12) · page: 251 · as of: 2024-11-30 · amount: 9313920 · debtor: Peavey Industries LP · creditor: Origin Story Inc. · currency: CAD · security: Loan Agreements dated July 29, 2022 and July 31, 2023