Ontario · CCAA

Application Record of Royal Bank of Canada

Application / notice of application · 29 October 2024

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What we verified from this filing22 verified

secured creditorsnote: Listed on Service List under heading 'PPSA and UCC Registrants'; amount and security details not stated in this excerpt · page: 3 · debtor: Chesswood Group entities (unspecified) · creditor: Kolar Auto Collision Center Ltd. · security: PPSA/UCC registration (type and priority not stated)
secured creditorsnote: Listed on Service List under heading 'PPSA and UCC Registrants'; amount and security details not stated in this excerpt · page: 3 · debtor: Chesswood Group entities (unspecified) · creditor: Avenue Motors Ltd. · security: PPSA/UCC registration (type and priority not stated)
secured creditorsnote: Listed on Service List under heading 'PPSA and UCC Registrants'; amount and security details not stated in this excerpt · page: 3 · debtor: Chesswood Group entities (unspecified) · creditor: Bank of Montreal/Banque de Montreal · security: PPSA/UCC registration (type and priority not stated)
secured creditorsnote: Listed on Service List under heading 'PPSA and UCC Registrants'; shares Chesswood Group business address, suggesting related-party status; amount not stated · page: 3 · debtor: Chesswood Group entities (unspecified) · creditor: Chesswood Canadian Asset-Backed Credit Fund LP · security: PPSA/UCC registration (type and priority not stated)
secured creditorsnote: Listed on Service List under heading 'PPSA and UCC Registrants'; amount and security details not stated in this excerpt · page: 3 · debtor: Chesswood Group entities (unspecified) · creditor: Connect First Credit Union Ltd. · security: PPSA/UCC registration (type and priority not stated)
secured creditorsnote: Listed on Service List under heading 'PPSA and UCC Registrants'; amount and security details not stated in this excerpt · page: 3 · debtor: Chesswood Group entities (unspecified) · creditor: Deutsche Bank Trust Company Americas · security: PPSA/UCC registration (type and priority not stated)
secured creditorsnote: Listed on Service List under heading 'PPSA and UCC Registrants'; amount and security details not stated in this excerpt · page: 3 · debtor: Chesswood Group entities (unspecified) · creditor: Deutsche Bank AG, New York Branch, as Administrative Agent · security: PPSA/UCC registration (type and priority not stated)
secured creditorsnote: Listed on Service List under heading 'PPSA and UCC Registrants'; amount and security details not stated in this excerpt · page: 3 · debtor: Chesswood Group entities (unspecified) · creditor: Deutsche Bank Trust Company Americas, as Indenture Trustee · security: PPSA/UCC registration (type and priority not stated)
secured creditorsnote: Listed on Service List under heading 'PPSA and UCC Registrants'; shares Chesswood Group/Waypoint business address, suggesting related-party status; amount not stated · page: 4 · debtor: Chesswood Group entities (unspecified) · creditor: Waypoint Private Credit Fund LP · security: PPSA/UCC registration (type and priority not stated)
secured creditorsnote: Listed on Service List under heading 'PPSA and UCC Registrants'; amount and security details not stated in this excerpt · page: 4 · debtor: Chesswood Group entities (unspecified) · creditor: VersaBank · security: PPSA/UCC registration (type and priority not stated)
secured creditorsnote: Listed on Service List under heading 'PPSA and UCC Registrants'; amount and security details not stated in this excerpt · page: 4 · debtor: Chesswood Group entities (unspecified) · creditor: UMB Bank, National Association, as Administrative Agent · security: PPSA/UCC registration (type and priority not stated)
secured creditorsnote: Listed on Service List under heading 'PPSA and UCC Registrants'; amount and security details not stated in this excerpt · page: 4 · debtor: Chesswood Group entities (unspecified) · creditor: Truist Bank, as Administrative Agent · security: PPSA/UCC registration (type and priority not stated)
secured creditorsnote: Listed on Service List under heading 'PPSA and UCC Registrants'; amount and security details not stated in this excerpt · page: 4 · debtor: Chesswood Group entities (unspecified) · creditor: The Bancorp Bank, N.A. · security: PPSA/UCC registration (type and priority not stated)
secured creditorsnote: Listed on Service List under heading 'PPSA and UCC Registrants'; amount and security details not stated in this excerpt · page: 4 · debtor: Chesswood Group entities (unspecified) · creditor: Sun Life Assurance Company of Canada · security: PPSA/UCC registration (type and priority not stated)
secured creditorsnote: Listed on Service List under heading 'PPSA and UCC Registrants'; amount and security details not stated in this excerpt · page: 4 · debtor: Chesswood Group entities (unspecified) · creditor: Securcor Trust, c/o Securcor Corporation, as Administrative Agent · security: PPSA/UCC registration (type and priority not stated)
secured creditorsnote: No outstanding balance under the Existing Credit Agreement is stated in this excerpt. DIP Term Sheet condition precedent caps aggregate principal outstanding under the Existing Credit Agreement plus the DIP Facility at US$165,293,169.65 (a covenant ceiling, not a confirmed balance). Existing Lenders/Agent referred to collectively as 'Secured Creditors' under the Credit Documents. · page: 61 · debtor: Chesswood Group Limited (Borrower), guaranteed by Existing Guarantors (Chesswood Group subsidiaries) · creditor: Royal Bank of Canada, as Administrative Agent and Collateral Agent, for itself and the Lenders (The Toronto-Dominion Bank, Huntington National Bank, M&T Bank, Canadian Imperial Bank of Commerce, Laurentian Bank of Canada) under the Second Amended and Restated Credit Agreement dated January 14, 2022, as amended (including by the Sixth Amending Agreement dated June 21, 2024) · currency: USD · security: General Security Agreement (Borrower GSA) and Guarantor GSAs over all present and after-acquired property of the Borrower and Guarantors; syndicate total commitment of $215,000,000 (Tranche A $166,804,594.00 + Tranche B $48,195,406.00) applicable from September 30, 2024 to the Maturity Date per Schedule A to the Sixth Amending Agreement (facility commitment/limit, not a stated outstanding balance)
secured creditorsnote: Component of syndicated facility; commitment amount, not outstanding balance · page: 292 · debtor: Chesswood Group Limited · creditor: Laurentian Bank of Canada (Lender) · currency: USD · security: Tranche A Commitment $11,120,306.00 / Total Commitment $11,120,306.00 (September 30, 2024 to Maturity Date)
secured creditorsnote: Component of syndicated facility; commitment amount, not outstanding balance · page: 292 · debtor: Chesswood Group Limited · creditor: Canadian Imperial Bank of Commerce (Lender) · currency: USD · security: Tranche A Commitment $18,070,498.00 / Tranche B Commitment $6,027,206.00 / Total Commitment $24,097,704.00 (September 30, 2024 to Maturity Date)
secured creditorsnote: Component of syndicated facility; commitment amount, not outstanding balance · page: 292 · debtor: Chesswood Group Limited · creditor: M&T Bank (Lender) · currency: USD · security: Tranche A Commitment $18,070,498.00 / Tranche B Commitment $6,027,206.00 / Total Commitment $24,097,704.00 (September 30, 2024 to Maturity Date)
secured creditorsnote: Component of syndicated facility; commitment amount, not outstanding balance · page: 292 · debtor: Chesswood Group Limited · creditor: Huntington National Bank (Lender) · currency: USD · security: Tranche A Commitment $33,360,919.00 / Total Commitment $33,360,919.00 (September 30, 2024 to Maturity Date)
secured creditorsnote: Component of syndicated facility; commitment amount, not outstanding balance · page: 292 · debtor: Chesswood Group Limited · creditor: The Toronto-Dominion Bank (Lender) · currency: USD · security: Tranche A Commitment $41,701,148.00 / Tranche B Commitment $19,460,535.50 / Total Commitment $61,161,683.50 (September 30, 2024 to Maturity Date)
secured creditorsnote: Component of syndicated facility; commitment amount, not outstanding balance · page: 292 · debtor: Chesswood Group Limited · creditor: Royal Bank of Canada (Lender) · currency: USD · security: Tranche A Commitment $44,481,225.00 / Tranche B Commitment $16,680,458.50 / Total Commitment $61,161,683.50 (September 30, 2024 to Maturity Date)