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What we verified from this filing6 verified
- secured creditorsnote: Facility limit stated, not a drawn/outstanding balance · page: 9 · as of: CWB LC Facility Agreement dated May 12, 2021 · debtor: Mantle Materials Group, Ltd. · creditor: Canadian Western Bank (CWB) · currency: CAD · security: Letter of credit facility in the aggregate amount of $1,000,000; 11 letters of credit issued to Alberta Environment and Parks as security for Environmental Reclamation Obligations
- secured creditorsnote: Amounts are facility/original principal amounts, not stated current outstanding balances; advances deemed already made and allocated 87.41% ($11,818,944.71) by Fund V and 12.59% ($1,701,685.29) by Fund VI · page: 9 · as of: Fiera Loan Agreement dated April 26, 2021, as amended October 19, 2022 and June 12, 2023 · debtor: Mantle Materials Group, Ltd. · creditor: Fiera Private Debt Fund VI LP and Fiera Private Debt Fund V LP (collectively "Fiera") · currency: CAD · security: Prior ranking security against equipment and the JMB/216 interests in the Aggregate Pits; four non-revolving credit facilities: Facility A original principal $3,550,000 (interest-bearing), Facility B original principal $6,125,000 (non-interest bearing), Facility C original estimated principal $3,695,630 (based on estimated equipment value), Facility D original principal $150,000 (fixed rate term)
- secured creditorsnote: Original advance amount, not a stated current balance · page: 9 · as of: Travelers Loan Agreement dated October 8, 2021, as amended October 15, 2022 · debtor: Mantle Materials Group, Ltd. · creditor: Travelers Restructuring Capital Inc. · currency: CAD · security: Loan and security agreement secured against the Flasha Equipment; original loan amount $1,700,000, 36-month initial term maturing October 15, 2024
- secured creditorsnote: Related party: RLF Lender is a wholly owned subsidiary of Resource Land Fund V, LP, Mantle's ultimate indirect parent fund · page: 10 · as of: RLF Debenture dated October 19, 2022 · debtor: Mantle Materials Group, Ltd. · creditor: RLF Canada Lender Limited ("RLF Lender") · currency: CAD · security: Secured convertible debenture; initial advance of $94,000; no limit on amounts which can be advanced (aggregate advances being the "RLF Indebtedness")
- secured creditorsnote: Facility limit stated, not a drawn/outstanding balance · page: 10 · as of: Pathward Loan Agreement dated June 6, 2022 · debtor: Mantle Materials Group, Ltd. · creditor: Pathward, National Association (formerly Crestmark, a division of Metabank, National Association) · currency: CAD · security: $1,500,000 margined, revolving working capital facility
- secured creditorsnote: Assumed portion of pre-existing JMB indebtedness to ATB pursuant to the Plan/Assumption Agreement; ATB was previously JMB's secured operating lender with prior ranking security over inventory and accounts receivable (details of that facility not stated on the pages reviewed) · page: 377 · as of: Assumption Agreement dated April 21, 2021 · amount: 111000 · debtor: JMB Crushing Systems Inc. (amalgamated into Mantle Materials Group, Ltd.) · creditor: ATB Financial · currency: CAD · security: Land Titles Act mortgage over Lands described in Schedule A; Principal Sum $111,000, interest at prime plus 2.0% floating