Ontario · CCAA
Tenth Report of the Monitor
Court officer report · 12 December 2025
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: Pre-filing secured financing relationship; PTC is described as 'principal source of secured financing' predating the CCAA filing (Nov 9, 2023). The document only discloses a combined 'PTC Indebtedness' figure of approximately $261.7 million as at Dec 6, 2025, which aggregates the pre-filing Loan Agreements balance with the post-filing DIP Facility and the Acknowledged Debt under the CLA Release Agreement; the pre-filing-only balance is not separately stated. Osler and local counsel opinions confirm valid, enforceable, perfected security (opinions confirmed, not pending). · page: 10 · as of: 2025-12-06 · debtor: Crown Crest Financial Corp., Crown Crest Funding Corp. (as trustee of Crown Crest Capital Trust), Crown Crest Capital Management Corp., Simply Green Home Services Inc., Simply Green Home Services Corp. (the Simply Green Debtors) · creditor: Peoples Trust Company (PTC) · currency: CAD · security: Three warehouse loan agreements and secured debenture facilities (the 'Loan Agreements'); general security agreements registered in Ontario, British Columbia and Alberta and via local agents in Saskatchewan, Manitoba, Nova Scotia, New Brunswick, PEI and Newfoundland and Labrador; Concurrent Lease Agreements (CLAs) giving PTC beneficial title/lessee interests in specific consumer rental agreement portfolios
- process resultsbids: 4 · note: figure carried from the Ninth Report describing the SISP
- purchaser1001363332 Ontario Inc.
- sale advisorCanadian Imperial Bank of Commerce
- sale outcometext: Transaction approved by Approval and Vesting Order, closing anticipated December 15, 2025 · scope: whole_business · status: approved