Quebec · CCAA
2024-12-17 Ordonnance initiale amendée et reformulée (en anglais seulement)
Initial order · 17 December 2024 · French
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 filing16 verified · 1 withheld
- applicantELNA MEDICAL GROUP INC. / GROUPE MÉDICAL ELNA INC.
- appointeeRaymond Chabot Inc.
- appointee rolemonitor
- commencement date17 December 2024
- courtSUPERIOR COURT
- court file no500-11-065011-245
- provinceQUÉBEC
- secured creditorsnote: Treated as unaffected creditor pursuant to credit agreement; not subject to stay; separately acts as DIP/Interim Lender secured by DIP Charge of $6,000,000 · page: 5 · debtor: Applicants (unaffected as to NBC generally; specifically re: Gestion Privamed Inc.) · creditor: National Bank of Canada (NBC) · currency: CAD · security: Credit agreement security; also acting as Interim (DIP) Lender
- secured creditorsnote: Treated as unaffected creditor with respect to Gestion Privamed Inc. only pursuant to credit agreement; not subject to stay · page: 5 · debtor: Gestion Privamed Inc. · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Credit agreement security
- secured creditorsnote: DIP Facility limit not exceeding $5,000,000 outstanding at any time; DIP Charge granted for aggregate amount of $6,000,000 securing principal, interest, and Interim Lender Expenses; fourth priority among CCAA Charges; excludes two specified immovable properties in Boucherville and Brossard · page: 10 · as of: Initial Order date (December 17, 2024) · amount: 6000000 · debtor: Applicants · creditor: National Bank of Canada (as Interim Lender / DIP Lender) · currency: CAD · security: DIP Charge over all Property of the Applicants
- secured creditorsnote: Fifth priority among CCAA Charges; secures indemnification obligations for directors' and officers' post-Effective Time liabilities; individual director names not disclosed on these pages · page: 12 · as of: Initial Order date (December 17, 2024) · amount: 1600000 · debtor: Applicants · creditor: Directors and officers of the Applicants · currency: CAD · security: D&O Charge over Property
- secured creditorsnote: Third priority among CCAA Charges (re: Medicentres' Property per para 75) though para 52 references priorities 76/77; secures Key Employee Retention Plan obligations · page: 13 · as of: Initial Order date (December 17, 2024) · amount: 250000 · debtor: Applicants · creditor: KERP designated employees · currency: CAD · security: KERP Charge over Property
- secured creditorsnote: Second priority among CCAA Charges (only re: Medicentres' Property); secures Medicentres Retention Program obligations · page: 13 · as of: Initial Order date (December 17, 2024) · amount: 3000000 · debtor: Medicentres Canada Inc. and Elna Acquisitions Inc. · creditor: Medicentres doctors and other individual healthcare providers (MRP beneficiaries) · currency: CAD · security: MRP Charge over Medicentres' Property
- secured creditorsnote: First priority among CCAA Charges; secures professional fees and disbursements before and after the Order; excludes two specified immovable properties · page: 20 · as of: Initial Order date (December 17, 2024) · amount: 1000000 · debtor: Applicants · creditor: Raymond Chabot Inc. (Monitor), Monitor's legal counsel, Applicants' legal counsel, CFO (Crowe BGK LLP) · currency: CAD · security: Administration Charge over Property
- counselOsler Hoskin & Harcourt LLP
- presiding officerJustice Martin F. Sheehan
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.