British Columbia · CCAA

This report is requesting an extension of the stay of proceedings until November 30, 2018

Court officer report · 13 November 2018

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

operational summaryThe proposed DIP lender declined to proceed with the Credit Agreement over environmental publicity concerns. The Monitor expects to find an alternative DIP lender within two weeks and believes HFRO has sufficient liquidity to fund its obligations without DIP financing until at least November 30, 2018, so it recommends extending the Stay Period to that date.
report date13 November 2018
report noSecond Report of the Monitor