Alberta · Receivership (court-appointed)
Originating Application filed August 31, 2026
Application / notice of application · 31 August 2026
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- applicantDINO DELUCA, in his capacity as Holder Representative on behalf of TEAM CANADA SSM LLC, TRIWEST LOWER MID-MARKET FUND I, L.P., formerly known as TRIWEST PRIVATE CAPITAL GROWTH FUND, L.P., DOUGLAS G. NYHOFF, JAMES R. LITES & CHARLA KIM SMITH, Jointly, and JOSEPH M. DEPINTO
- commencement date31 August 2026
- courtCOURT OF KING'S BENCH OF ALBERTA
- court file no2601 15777
- appointeeAlixPartners Restructuring, Inc.
- appointee rolereceiver and manager
- secured creditorsnote: Security interest of 2L Holders is subordinate to BMO; amount of BMO indebtedness not stated on these pages · page: 4 · debtor: A Parent Media Co. Inc. · creditor: Bank of Montreal (BMO) · currency: CAD · security: General security interest over all present and after-acquired personal property of APMC (senior/priority position)
- secured creditorsnote: Aggregate Principal Amount of the Senior Secured Second Lien Convertible Note (2L Note); net funding amount was USD $2,000,000.00 after 50% original issue discount; demand issued August 28, 2026 declaring full Principal Amount due · page: 4 · as of: 2026-06-29 · amount: 4000000 · debtor: A Parent Media Co. Inc. · creditor: 2L Holders (Team Canada SSM LLC, TriWest Lower Mid-Market Fund I, L.P., Douglas G. Nyhoff, James R. Lites & Charla Kim Smith, Jointly, and Joseph M. DePinto) · currency: USD · security: General Security Agreement dated June 29, 2026 (2L GSA) over all present and after-acquired personal property and undertakings of APMC; registered at Alberta PPR on or about August 26, 2026; subordinate to BMO security
- secured creditorsnote: Aggregate principal amount of 3L Notes (originally issued as Unsecured Convertible Notes June 2025-April 2026), plus interest; 2L Holders contend 3L Holders' security should be subordinate per 2L Note covenant but no subordination agreement was executed · page: 5 · as of: 2026-06-29 · amount: 27375000 · debtor: A Parent Media Co. Inc. · creditor: 3L Holders (unnamed certain holders of Unsecured Convertible Notes, subsequently secured) · currency: USD · security: General Security Agreement dated June 29, 2026 (3L GSA) over all present and after-acquired personal property and undertakings of APMC; registered at Alberta PPR in priority to 2L Holders' security (no subordination agreement executed)