Ontario · CCAA
Pre-Filing Report of the Proposed Monitor
Pre-filing report · 11 May 2026
Also filed as: Pre-Filing Report of the Proposed Monitor
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
- financial positionnote: Total assets stated/detailed on page 9 (Total $28,002,409); total liabilities detailed on liability table on page 12 (Total $28,499,477); Liabilities section narrative on page 11 states 'approximately $28.5 million'. Company also reported approximately $5.2 million of total unsecured liabilities as at March 2026 (page 14), separate from the secured Lender balances shown in the liabilities table. · page: 9 · as at: 2026-03-31 · basis: unaudited book value · scope: The EBF Group Limited (entity-level) · currency: CAD · total assets: 28002409 · total liabilities: 28499477
- secured creditorsnote: Book-value balance per liability table. Prose describes loan of 'approximately $5.8 million' at 12.5%-14.5% interest with 24% default rate. Facility matured Nov 30, 2025; Vyner's counsel delivered demand for payment Dec 17, 2025 stating indebtedness 'approximately $5.8 million' inclusive of principal/interest/fees (not an exact figure). Personal guarantee granted by Frederick Paatz (director/officer). Vyner commenced Receivership Application April 21, 2026, supported by 196. Independent security review pending; priority disputes possible (para 38). · page: 12 · as of: 2026-03-31 · amount: 5650001 · debtor: The EBF Group Limited · creditor: Brian Vyner · currency: CAD · security: General security agreement (GSA); one of three secured loan facilities, subject to Intercreditor Agreements
- secured creditorsnote: Book-value balance per liability table; prose in report describes 'various loans from FHHL for approximately $13 million in the aggregate with interest payable at varying rates.' FHHL supports the CCAA proceedings (as opposed to Vyner's receivership application). Independent review of Lenders' security not yet completed; priority/characterization/entitlement disputes possible among Lenders (para 38). · page: 12 · as of: 2026-03-31 · amount: 13114188 · debtor: The EBF Group Limited · creditor: Fred Hageman's Holdings Limited (FHHL) · currency: CAD · security: General security agreement (GSA); one of three secured loan facilities (the "Lenders"), subject to participation and priority (Intercreditor) Agreements
- secured creditorsnote: Related party to the Company. Amount not stated. · page: 13 · debtor: The EBF Group Limited · creditor: Melissa Bird · currency: CAD · security: PPSA registration against all collateral (blanket, registered Aug 5, 2030)
- secured creditorsnote: Aggregated PPSA registrants against specific serialized vehicles (PMSI-type); amounts not stated. · page: 13 · debtor: The EBF Group Limited · creditor: PPSA equipment financiers (PMSI class): Royal Bank of Canada, Hyundai Capital Lease Inc., Toyota Credit Canada Inc. · currency: CAD · security: Serialized vehicle collateral: RBC vs. 2021 Mazda CX-9 (registered Dec 15, 2023); Hyundai Capital Lease Inc. vs. 2025 Hyundai Palisade (registered July 10, 2025); Toyota Credit Canada Inc. vs. 2025 Toyota 4Runner (registered July 17, 2025)
- secured creditorsnote: Book-value balance per liability table, consistent with prose 'approximately $3.0 million bearing interest at 16% per annum.' Personal guarantee granted by Frederick Paatz (director/officer). Counsel to 196 issued notice of default, demand for repayment and NOI to enforce security under s.244 BIA on Dec 10, 2025; supports Vyner's Receivership Application. Independent security review pending; priority disputes possible (para 38). · page: 13 · as of: 2026-03-31 · amount: 3000000 · debtor: The EBF Group Limited · creditor: 1968328 Ontario Inc. ("196") · currency: CAD · security: General security agreement (GSA); one of three secured loan facilities, subject to Intercreditor Agreements
- secured creditorsnote: Related party to the Company (Paatz family trust; Frederick Paatz is a director/officer). Amount not stated. · page: 13 · debtor: The EBF Group Limited · creditor: Paatz 2016 Family Trust · currency: CAD · security: PPSA registration against all collateral (blanket, registered Nov 5, 2029)