Quebec · CCAA
Report of the Proposed Monitor
Pre-filing report · 14 November 2024
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 filing2 verified
- secured creditorsnote: Amount due under the Operating Loan facility; comprised of CA$14,404K and US$1,893K converted @1.4013. Facility matured July 14, 2023; Scotia treated as unaffected creditor under Second Forbearance Agreement dated November 13, 2024. · page: 5 · as of: currently due (as at report date, November 14, 2024) · amount: 17056000 · debtor: Stokes Inc. · creditor: Scotiabank Asset Finance (Scotia) · currency: CAD · security: First-ranking liens on nearly all of the Company's assets (Scotia Security), under Scotia Loan Agreement dated July 15, 2021, as amended January 28, 2022 and July 20, 2023
- secured creditorsnote: Amount due under the Letter of Credit (LC) Facility; comprised of CA$775K and US$118K converted @1.4013. Facility matured July 14, 2023; Scotia treated as unaffected creditor under Second Forbearance Agreement dated November 13, 2024. · page: 5 · as of: currently due (as at report date, November 14, 2024) · amount: 940000 · debtor: Stokes Inc. · creditor: Scotiabank Asset Finance (Scotia) · currency: CAD · security: First-ranking liens on nearly all of the Company's assets (Scotia Security), under Scotia Loan Agreement dated July 15, 2021, as amended January 28, 2022 and July 20, 2023