Ontario · CCAA
Thirtieth Report of the Monitor, dated August 22, 2025
Court officer report · 22 August 2025
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What we verified from this filing4 verified
- closing confirmedscope: the Calgary Property · outcome: completed · effective: 2025-02-14 · purchaser: Calgary Purchaser · date basis: stated; scope: the PGL Going Concern Transaction · outcome: completed · effective: 2024-11-07 · date basis: stated · approval order date: 2024-09-26
- purchaserFort Erie Purchaser; Calgary Purchaser
- recovery outcomeentries: basis: unstated · quote: The Monitor is recommending an interim distribution to the DIP Agent of 75% of the net proceeds of the McCoy Settlement Agreement at this time. · pct of: unstated · outcome: distribution · pct low: 75 · pct high: 75 · class key: secured · stated by: monitor · cumulative: false · class label: DIP Agent · creditor name: DIP Agent · interim final: interim · claims qualifier: unstated; basis: unstated · quote: On that basis, the Monitor supports the Pride Entities' request for an order directing that the net proceeds of sale allocated to Lot 12 in accordance with the Agreed Allocation be distributed to the DIP Agent as a permanent paydown and indefeasible repayment of the DIP Indebtedness, subject to any future Court-ordered marshalling or allocation. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · class label: DIP Agent (Lot 12 net proceeds) · creditor name: DIP Agent · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: If the requested order is granted, the Monitor will also proceed with the distribution to BMO of the net proceeds of sale allocated to Lot 11 in accordance with the Agreed Allocation and pursuant to the Amended Calgary AVO. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · class label: BMO (Lot 11 net proceeds) · creditor name: BMO · interim final: unstated · conditional on: If the requested order is granted · claims qualifier: unstated · stated on: 2025-08-22 · table missing:
- sale advisorColliers Macaulay Nicolis Inc.