Quebec · NOI
First Trustee's report (In french only)
Court officer report · 18 December 2024
What we verified from this filing2 verified
- financial positionnote: Table shows components only: secured debts (3,300) and unsecured/ordinary claims (1,741), with the fibre-optic network/equipment value listed as 'À déterminer' (not yet valued) and excluded from the stated asset total of 2,056; an estimated deficit of ~$2,985 (000$) before realization costs is noted by the Syndic. Government subsidies receivable ($1,490) may be reduced pending final confirmation from provincial/federal governments. · page: 4 · as at: 2024-11-27 · basis: Management-prepared estimated realization value of the Project (in thousands CAD, per Annex/table 'Valeur de réalisation estimée liée au Projet en date de l'AI'); total liabilities figure is the approximate aggregate obligations stated in the NOI creditor list ('environ 5 M$, soit 3,3 M$ de créances garanties et 1,7 M$ de créances non garanties') — an approximation, not a summed figure computed by the Syndic. · scope: Entity-level - La TACTIC (the Debtor), limited to Project-related assets and total obligations as of the NOI filing date · currency: CAD · total assets: 2056000 · total liabilities: 5000000
- secured creditorsnote: Balance stated as $3,300,000 outstanding on the revolving credit as of Dec 15, 2024 (para 23); prose in para 12 gives an approximate 'solde actuel' of 3,3 M$. Desjardins is NOT stayed by the NOI: it issued a prior notice of intention to exercise a hypothecary remedy before the NOI filing, to which the Debtor waived the notice period. The revolving credit is also guaranteed (cautionnement) by the MRC de Coaticook for up to $7,500,000 covering all present/future debts of TACTIC to Desjardins (municipal/related guarantor, not itself listed as a separate creditor). · page: 5 · as of: 2024-12-15 · amount: 3300000 · debtor: La Table d'action en communication et technologies de l'information de la MRC de Coaticook (La TACTIC) · creditor: Caisse Desjardins des Verts-Sommets de l'Estrie ("Desjardins") · currency: CAD · security: Hypothèque mobilière de premier rang, registered/facility ceiling of $7,500,000, grevant l'universalité des biens meubles et actifs mobiliers de TACTIC (revolving credit facility limit, not the balance)