Ontario · Bankruptcy
Application for Bankruptcy Order (WireIE Holdings) - issued with notice of hearing (Court File No. 31-208441T).pdf
Application / notice of application · 16 June 2020
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What we verified from this filing4 verified · 8 withheld
- secured creditorsnote: Applicant states its security is nil in value, effectively rendering it an unsecured creditor for the full amount; amount is Royalty Obligations due and payable August 31, 2019 (Royalty Event of Default), remaining outstanding at date of application · page: 3 · as of: 2019-08-31 · amount: 103216.25 · debtor: WireIE Holdings International Inc. · creditor: UA-BC Holdings Ltd. (as assignee of Quantius SPV 2 Inc.) · currency: CAD · security: General security agreement dated September 16, 2016 (first charge over personal property); Royalty Obligations subordinated to Crown Capital as second-priority secured obligations
- secured creditorsnote: UA-BC understands from parties familiar with situation that there is 'in excess of $10 million' in first-priority secured debt outstanding to Crown Capital; approximate/unconfirmed figure reported second-hand · page: 6 · debtor: WireIE Holdings International Inc. / WireIE (Canada) Inc. · creditor: Crown Capital Private Credit Fund LP · currency: CAD · security: First-priority secured debt (refinanced/repaid Quantius facility July 10, 2018)
- unsecured creditorsnote: Fee owed 'in excess of $600,000' in connection with the Refinancing; party has commenced legal proceedings and is in process of obtaining default judgment; figure is approximate/unconfirmed, reported second-hand · page: 6 · basis: UA-BC's understanding from parties familiar with the situation · debtor: WireIE Holdings International Inc. · creditor: Investment banker who coordinated the Refinancing · currency: CAD
- secured creditorsnote: DISCHARGED/paid out - Payout Amount as of July 10, 2018 pursuant to Partial Payout Letter, Partial Release and Subordination; per diem interest of $1,599.38 applied if not paid by deadline; this debt was indefeasibly repaid in full (excluding Royalty Obligations) as part of the Refinancing by Crown Capital · page: 33 · as of: 2018-07-10 · amount: 4268310.59 · debtor: WireIE Holdings International Inc. / WireIE (Canada) Inc. · creditor: Quantius SPV 2 Inc. · currency: CAD · security: General security agreement dated September 16, 2016; PPSA registration (Ontario)
8 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.