Alberta · Receivership (court-appointed)
Application (Appointment of Receiver)
Application / notice of application · 11 March 2022
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 filing8 verified · 2 withheld
- applicantCROWN CAPITAL PARTNER FUNDING, LP, by its manager, CROWN PRIVATE CREDIT PARTNERS INC.
- courtCOURT OF QUEEN'S BENCH OF ALBERTA
- appointeeFTI Consulting Canada Inc.
- appointee rolereceiver
- statutory basissection 243 of the Bankruptcy and Insolvency Act, RSC 1985, c B-3, as amended
- secured creditorsnote: Outstanding Indebtedness under Amended and Restated Promissory Note, exclusive of legal/professional fees; Assumed Indebtedness was originally $17,255,000.00, adjusted to $18,807,490.10 under Amended Note; postponed and subordinated to CWB's obligations pursuant to a Priority, Postponement, Subordination and Standstill Agreement dated November 9, 2017; interest accrues at 12% per annum; demand letter and NOI to enforce security issued March 7, 2022. · page: 3 · as of: 2022-03-07 · amount: 22734432.15 · debtor: RBee Aggregate Consulting Ltd. · creditor: Crown Capital Partner Funding, LP (formerly Crown Capital Fund IV, LP), by its manager Crown Private Credit Partners Inc. · currency: CAD · security: General Security Agreement (GSA) dated November 9, 2017, registered against RBee at the Alberta Personal Property Registry
- secured creditorsnote: Operating line capped by CWB at $7,900,000.00 (stated as a facility cap, not an outstanding balance); ranks senior to Crown Capital by subordination agreement. · page: 3 · debtor: RBee Aggregate Consulting Ltd. · creditor: Canadian Western Bank (CWB) · currency: CAD · security: Loan agreement and security granted in favour of CWB (unspecified); senior/priority position per Priority, Postponement, Subordination and Standstill Agreement dated November 9, 2017
- secured creditorsnote: Deemed trust class claim; estimated by Crown Capital 'to the best knowledge' as unpaid source deductions ($2,247,000.00) plus outstanding GST remittance ($543,000.00), total estimated $2,790,000.00. · page: 4 · amount: 2790000 · debtor: RBee Aggregate Consulting Ltd. · creditor: Canada Revenue Agency (CRA) · currency: CAD · security: Deemed trust (unpaid source deductions and GST remittance)
2 extracted values are 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.