Ontario · CCAA
Pre-Filing Report of the Proposed Monitor (August 6, 2026)
Pre-filing report · 6 August 2026
What we verified from this filing3 verified
- secured creditorsnote: Stated as 'in excess of $85.2 million net of accrued costs and interests' on a cumulative basis; approximate figure as stated. BMO also acting as proposed Interim/DIP Lender under the Interim Facility (max $3.5 million, super-priority). · page: 13 · as of: 2026-07-24 · amount: 85200000 · debtor: Trinity Auto Group (collectively) · creditor: Bank of Montreal (BMO) · currency: CAD · security: Senior secured lender; various financing arrangements including new-vehicle floorplan facility, mortgage over Commercial Plaza, and general security
- secured creditorsnote: Outstanding balance of $43.5 million exceeds the $35 million facility limit by approximately $8.5 million (over-advance); facility limit is not a balance and is reported separately here. · page: 13 · as of: 2026-07-16 · amount: 43500000 · debtor: Trinity Auto Group (collectively) · creditor: Bank of Montreal (BMO) - new-vehicle floorplan facility · currency: CAD · security: Floorplan credit facility, limit of $35 million under the Credit Agreement
- unsecured creditorsnote: Deemed trust / quasi-governmental claim; outstanding corporate income taxes; arose from failure to make payment under monthly payment plan agreed to with CRA · page: 15 · as of: 2026-07-29 · basis: Requirement to Pay served on BMO by CRA · amount: 213981.96 · debtor: 2717922 Ontario Inc. (Oakville Mitsubishi) · creditor: Canada Revenue Agency (CRA) · currency: CAD