Ontario · Receivership (court-appointed)
Applicants Motion Record, returnable part -1
Application / notice of application · 8 January 2018
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing4 verified
- secured creditorsnote: Listed on service list as a Secured Creditor; related party - Bain group is a principal owner (via HSB Acquisition, L.P.) of the Debtor and party to an Inter-Creditor Agreement dated March 4, 2011 with HSB, Wells Fargo and Woodside; no amount stated in these pages. · page: 4 · debtor: Hamilton Specialty Bar (2007) Inc. · creditor: Bain Capital Credit, LP (formerly Sankaty Advisors, LP / Sankaty Advisors, LLC and Bain Capital Credit (GP), LLC) · currency: CAD
- secured creditorsnote: Aggregates CLE Leasing Enterprise Ltd., Xerox Canada Ltd., and De Lage Landen Financial Services Canada Inc., each listed as 'Secured Creditor' on the service list; no amounts stated in these pages. · page: 4 · debtor: Hamilton Specialty Bar (2007) Inc. · creditor: PPSA equipment financiers (PMSI class) · currency: CAD · security: Equipment/leasing financing (presumed serialized-equipment PMSI security)
- secured creditorsnote: Listed as Secured Creditor on service list; no amount stated in these pages. · page: 4 · debtor: Hamilton Specialty Bar (2007) Inc. · creditor: The Toronto-Dominion Bank · currency: CAD · security: Blocked Account Agreement dated April 11, 2008 by and between HSB, Toronto-Dominion Bank and Wells Fargo
- secured creditorsnote: Stated as 'approximate amount' inclusive of principal, interest, and certain fees, expenses and costs current to Dec 27, 2017; subsequently an 'overadvance' arose (~$1M then increased to ~$3M after further advance Jan 3, 2018) not reflected in this stated indebtedness figure. · page: 13 · as of: 2017-12-27 · amount: 27579496.39 · debtor: Hamilton Specialty Bar (2007) Inc. · creditor: Wells Fargo Capital Finance Corporation Canada · currency: CAD · security: Various first lien security over all Assets (General Security Agreement, Intellectual Property Security Agreement, Collateral Charge, Blocked Account Agreement)