Quebec · CCAA
Second Report of the Monitor, dated November 10, 2024
Court officer report · 10 November 2024
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 filing6 verified
- cash on handnote: Expressed in CA$000s; the ending cash balance as at November 1, 2024 · as at: 2024-11-01 · amount: 1102000 · currency: CAD
- disbursementsnote: From Appendix A, cumulative five-week period Actual total cash outflows, in CA$000s · since: October 1, 2024 · amount: 6588000 · currency: CAD
- operational summaryValeo continues to operate in the ordinary course while pursuing the SISP sale process, having drawn on its interim financing facility and remaining in compliance with financing covenants; the Monitor is seeking an extended stay to January 20, 2025 to allow completion of the SISP.
- receipts cumulativenote: From Appendix A, cumulative five-week period Actual from October 1, 2024, to November 1, 2024, in CA$000s · since: October 1, 2024 · amount: 7530000 · currency: CAD
- report date10 November 2024
- report noSecond Monitor's Report