Ontario · Foreign recognition (CCAA)
Pre-Filing Report of the Proposed Information Officer dated February 16, 2026
Pre-filing report · 16 February 2026
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 filing5 verified
- financial positionnote: Entity-level figures also disclosed: Eddie Bauer Canada (Canadian operating entity) had assets of approximately $35.25 million and liabilities of approximately $44.62 million as of the same date (Jan 3, 2026), USD. · page: 7 · as at: 2026-01-03 · basis: book value (unaudited, per First Coulombe Affidavit) · scope: consolidated - Chapter 11 Debtors (Company) · currency: USD · total assets: 262220000 · total liabilities: 351520000
- secured creditorsnote: As of Feb 8, 2026, Canadian Debtors (130 and Eddie Bauer Canada) entered a Canadian Limited Guarantee and Collateral Agreement guaranteeing ABL Obligations up to a Maximum Guaranteed Amount of $6.384 million, secured by a security interest in substantially all of the Canadian Debtors' present and after-acquired assets (Canadian Collateral); a security opinion on this security has been requested by the Proposed Information Officer but is pending confirmation. Canadian Debtors were neither borrowers nor guarantors under any Prepetition Credit Agreement until Feb 8, 2026. Upon default, ABL Agent's recourse to Canadian Collateral is subordinated/deferred until realization on U.S. Debtors' collateral (or other trigger events). · page: 9 · as of: Petition Date · amount: 728000000 · debtor: Chapter 11 Debtors (guarantors, none are borrowers); Canadian Debtors as limited guarantor (as of Feb 8, 2026) · creditor: Wells Fargo Bank, National Association, as ABL Agent (ABL Facility - Loans) · currency: USD · security: Liens on substantially all assets of the ABL Parties (Catalyst Borrowers and subsidiary guarantors); revolving facility commitment up to $1.75 billion (facility limit, not balance)
- secured creditorsnote: Figure from capital structure table captioned 'Prepetition Capital Structure (As of February 2026)'; no separately dated balance stated in prose. · page: 9 · as of: February 2026 · amount: 197000000 · debtor: Chapter 11 Debtors (guarantors, none are borrowers) · creditor: Wells Fargo Bank, National Association, as ABL Agent (ABL Facility - Letters of Credit) · currency: USD · security: Liens on substantially all assets of the ABL Parties; letter of credit sub-commitment of $202 million (facility limit, not balance)
- secured creditorsnote: Canadian Debtors have not provided any guarantee or security for the Term Loan Obligations; they were added as non-liable 'Joining Loan Parties' under an amendment dated Feb 8, 2026, expressly providing no liability to the Term Loan Agent/Lenders. · page: 10 · as of: Petition Date · amount: 600000000 · debtor: U.S. Debtors (guarantors, none are borrowers) · creditor: WhiteHawk Capital Partners LP, as Term Loan Agent · currency: USD · security: Liens on substantially all assets of the Term Loan Parties; term loan facility commitment up to $600 million in aggregate principal (facility limit)
- secured creditorsnote: Related party: Copper Retail JV LLC is identified elsewhere in the report as the Company's ultimate parent. Canadian Debtors have not provided any guarantee or security for the Subordinated Loan Obligations; they were added as non-liable 'Joining Loan Parties' under an amendment dated Feb 8, 2026. · page: 10 · as of: Petition Date · amount: 216200000 · debtor: U.S. Debtors (guarantors, none are borrowers) · creditor: Copper Retail JV LLC, as Subordinated Loan Agent · currency: USD · security: Liens on substantially all assets of the Subordinated Loan Parties; subordinated term loan facility up to $216.2 million in aggregate principal (facility limit)