British Columbia · CCAA
Pre-Filing Report of the Proposed Monitor
Pre-filing report · 19 August 2022
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 filing2 verified
- secured creditorsnote: Approximate outstanding balance; mandatory prepayment of ~$7.5 million due Aug 17, 2022 was not made; matures September 2022 · page: 5 · as of: 2022-08-17 · amount: 84500000 · debtor: Trevali Mining Corporation / Trevali Mining (New Brunswick) Ltd. · creditor: Senior secured lender syndicate (RCF) · currency: USD · security: Secured revolving credit facility (RCF)
- secured creditorsnote: Related party: Glencore holds 26% equity interest in Trevali Corp., board appointment rights, and is sole offtake customer; facility matures September 2022 · page: 5 · amount: 13000000 · debtor: Trevali Mining Corporation / Trevali Mining (New Brunswick) Ltd. · creditor: Glencore International AG (and/or affiliates) · currency: USD · security: Junior secured lending facility (Glencore Facility)