Alberta · Receivership (court-appointed)
Brief of ATB, filed February 3, 2025
Application / notice of application · 3 February 2025
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 filing7 verified
- secured creditorsnote: Term Loan 766-*******3700; figure is outstanding balance plus accrued interest per document's own total (not inclusive of full indemnity legal costs); per diem $102.20 continuing to accrue · page: 4 · as of: 2025-01-02 · amount: 694795.21 · debtor: Apex Nutri-Solutions Inc. · creditor: ATB Financial · currency: CAD · security: Mortgage over the Apex Lands (~21 acres near Edburg); General Security Agreement (GSA) from Apex
- secured creditorsnote: Term Loan 766-*******1800; per diem $307.05 continuing to accrue · page: 4 · as of: 2025-01-02 · amount: 1918210.95 · debtor: Apex Nutri-Solutions Inc. · creditor: ATB Financial · currency: CAD · security: Mortgage over the Apex Lands; General Security Agreement (GSA) from Apex
- secured creditorsnote: Term Loan 766-*******8500; per diem $43.18 continuing to accrue · page: 4 · as of: 2025-01-02 · amount: 270126.69 · debtor: Apex Nutri-Solutions Inc. · creditor: ATB Financial · currency: CAD · security: Mortgage over the Apex Lands; General Security Agreement (GSA) from Apex
- secured creditorsnote: Revolving Line of Credit (RLOC) 766-*******1500; per diem $36.50 continuing to accrue · page: 4 · as of: 2025-01-02 · amount: 182527.76 · debtor: Apex Nutri-Solutions Inc. · creditor: ATB Financial · currency: CAD · security: Mortgage over the Apex Lands; General Security Agreement (GSA) from Apex; margined revolving facility
- secured creditorsnote: Commercial Term Loan 766-35652871600; per diem $62.15 continuing to accrue · page: 4 · as of: 2025-01-02 · amount: 421781.03 · debtor: 2175551 Alberta Ltd. (217 AB) · creditor: ATB Financial · currency: CAD · security: General Security Agreement (GSA) from 217 AB; cross-guarantee from Apex
- secured creditorsnote: Guarantor: Murray Herbert; personal guarantee of Debtor Companies' indebtedness, additionally secured by Herbert Lands mortgage · page: 5 · as of: 2025-01-02 · amount: 1687708.19 · debtor: Personal guarantor (guarantee of Apex and 217 AB indebtedness) · creditor: ATB Financial · currency: CAD · security: Mortgage over the Herbert Lands (three quarter sections of grain-farming land), given as security for guarantee indebtedness
- secured creditorsnote: Guarantor: Carolyn Herbert; personal guarantee of Debtor Companies' indebtedness, additionally secured by Herbert Lands mortgage · page: 5 · as of: 2025-01-02 · amount: 1687708.19 · debtor: Personal guarantor (guarantee of Apex and 217 AB indebtedness) · creditor: ATB Financial · currency: CAD · security: Mortgage over the Herbert Lands (three quarter sections of grain-farming land), given as security for guarantee indebtedness