Quebec · CCAA
Pre-Filing Report of the Proposed Monitor (in french)
Pre-filing report · 14 January 2026
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What we verified from this filing3 verified
- financial positionnote: Figures reproduced from the Report's own summary tables of assets and liabilities per the unaudited financial statements for the 11-month period ended November 30, 2025 (also presented in full in Annexe A). · page: 7 · as at: 2025-11-30 · basis: unaudited interim financial statements (non-auditées), presented in thousands of dollars in the Report · scope: Entity-level – Duchesne et Fils Ltée (Debtor) · currency: CAD · total assets: 83944000 · total liabilities: 59881000
- secured creditorsnote: Balance approximate ('sauf à parfaire') as of the date of the Report; two loan agreements dated December 23, 2021 and February 22, 2023, with original term loans totalling $30M advanced (facility amount, not balance). · page: 8 · as of: 2026-01-14 · amount: 28300000 · debtor: Duchesne et Fils Ltée · creditor: Banque de Développement du Canada (BDC) · currency: CAD · security: First-ranking hypothecs on the land and buildings; hypothec on the universality of all present and future movable property, corporeal and incorporeal, subordinated to BRC
- secured creditorsnote: ABL loan agreement dated January 31, 2022, originally with a maximum authorized amount of $17M (facility limit, not balance). Balance approximate ('sauf à parfaire') as of the date of the Report; authorized maximum was reduced to $8.1M in December 2025 and further to $5.3M as of January 6, 2026; balance expected to be reduced accordingly to $5.3M. · page: 8 · as of: 2026-01-14 · amount: 5800000 · debtor: Duchesne et Fils Ltée · creditor: Banque Royale du Canada (RBC/BRC) · currency: CAD · security: Hypothecs on the universality of all present and future movable property, corporeal and incorporeal; hypothecs on the land and buildings of the Debtor