British Columbia · CCAA
Application Record (Receivership)
Application / notice of application · 13 July 2026
What we verified from this filing2 verified
- secured creditorsnote: Pre-Filing Report of the Monitor separately describes this debt as 'approximately $175,000,000 owed... under first-ranking security' as of the CCAA Filing Date (May 1, 2026). CEEFC subsequently also became the CCAA DIP lender in these proceedings (a distinct, post-filing capacity). · page: 115 · as of: 2026-05-08 · amount: 175000000 · debtor: Arctic Canadian Diamond Company Ltd. (Borrower), guaranteed by Burgundy Diamonds (Canada) Limited and Burgundy Diamond Mines Ltd. · creditor: Canada Enterprise Emergency Funding Corporation (CEEFC), as lender, and as administrative agent and Australian security trustee · currency: CAD · security: First-ranking security under amended and restated agreement dated March 4, 2026 (term loan facilities) - 'Existing CEEFC Debt'
- secured creditorsnote: Pre-Filing Report of the Monitor separately describes this debt as 'approximately US$79,000,000 owed to various lenders under second-ranking security' as of the CCAA Filing Date (May 1, 2026). · page: 116 · as of: 2026-03-31 · amount: 78000000 · debtor: Arctic Canadian Diamond Company Ltd. (Borrower), guaranteed by Burgundy Diamonds (Canada) Limited and Burgundy Diamond Mines Ltd. · creditor: 2L Lenders (second lien lenders) under second lien credit agreement, administered by Alter Domus (US) LLC as administrative agent and collateral agent · currency: USD · security: Second-ranking security under second lien credit agreement dated February 3, 2021, as amended (amendment no.1 Dec 13, 2022; waiver/amendment no.2 June 30, 2023; amendment no.3 Oct 9, 2025; amendment no.4 Dec 17, 2025)