Ontario · Receivership (court-appointed)
Affidavit of Dennis Blasutti
Affidavit · 1 May 2026
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What we verified from this filing1 verified
- secured creditorsnote: Loan originated under Credit Agreement dated January 26, 2024 (RBC as administrative agent/lender, RioCan REIT as guarantor); RBC's rights, including under the Leasehold Lender Agreement, were assigned to RC Finance Trust (a RioCan affiliate) via Loan Purchase Agreement dated October 23, 2025 (closing October 24, 2025) - post-assignment this is a related-party secured position vis-à-vis the Applicants. Outstanding Principal Amount per Schedule B of the Loan Purchase Agreement; exact repayment amount as of the Balance Due Date (January 23, 2026) is redacted. · page: 144 · as of: 2025-10-23 · amount: 75000000 · debtor: 2491815 Ontario Limited Partnership (formerly HBC YSS 1 Limited Partnership) · creditor: Royal Bank of Canada (assigned to RC Finance Trust, an affiliate of RioCan REIT, pursuant to Loan Purchase Agreement dated October 23, 2025) · currency: CAD · security: $100,000,000 demand debenture over leasehold interest (registration ceiling, not balance); general assignment of leases and rents; PPSA registrations in Ontario and British Columbia; Leasehold Lender Agreement granting step-in/new-lease rights over the Head Lease