Alberta · CCAA
Pre-Filing Report of the Proposed Monitor dated March 6, 2025
Pre-filing report · 6 March 2025
What we verified from this filing5 verified
- financial positionnote: Comprises secured obligations of approx. $31.69 million (TEC) and unsecured obligations totaling $10.95 million; figure is a stated floor, quoted as 'in excess of'. Separately, the Company's internal balance sheet as at June 30, 2024 (a different date) lists approximately $33.61 million in asset retirement obligations (regulatory quasi-debt, ARO), not included in the $42.64 million liabilities figure. · page: 34 · as at: 2024-10-01 · basis: Company's listed liabilities per books and records (unaudited); stated as a floor ("in excess of $42.64 million") · scope: entity - Erikson National Energy Inc. · currency: CAD · total liabilities: 42640000
- secured creditorsnote: TEC is agent for the Lenders under the pre-filing working capital facility; TEC also separately acts as Interim Lender/Agent for post-filing DIP financing (Interim Lender's Charge), which is excluded here as a court-ordered charge rather than pre-filing debt. · page: 34 · as of: Filing Date (October 1, 2024) · amount: 31696602 · debtor: Erikson National Energy Inc. · creditor: Third Eye Capital Corporation (TEC), as agent for Third Eye Capital Alternative Credit Trust, Ninepoint-TEC Private Credit Fund, and MBI/TEC Private Debt Opportunities Fund II, L.P. (the Lenders) · currency: CAD · security: Security agreement dated October 15, 2019 pursuant to credit agreement dated October 15, 2019 (TEC Credit Agreement/TEC Facility)
- secured creditorsnote: Amount not stated in document; registration only. · page: 34 · as of: Filing Date (October 1, 2024) · debtor: Erikson National Energy Inc. · creditor: Canadian Natural Resources, A General Partnership · currency: CAD · security: PPSA registrations (Alberta/BC Personal Property Registry) related to various Operating Agreements relating to a sub-set of Erikson's wells and related infrastructure
- secured creditorsnote: Amount not stated in document; registration only. · page: 34 · as of: Filing Date (October 1, 2024) · debtor: Erikson National Energy Inc. · creditor: ATB Financial · currency: CAD · security: PPSA registrations over specific accounts
- secured creditorsnote: Serialized-equipment/vehicle lease financier; amount not stated. · page: 34 · as of: Filing Date (October 1, 2024) · debtor: Erikson National Energy Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: PPSA registrations re various vehicle leases (Calmont Leasing Ltd.)