Alberta · Receivership (court-appointed)
Application
Application / notice of application · 8 December 2023
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 filing1 verified
- secured creditorsnote: Amount of $16,787,345 is the stated outstanding Indebtedness as of Dec 7, 2023, plus accruing interest, fees, and costs; also guaranteed under Full Liability Guarantees by all Guarantors dated Oct 3, 2018 / May 7, 2019 / Nov 1, 2019 / Aug 23, 2022. Lender demanded payment and served s.244 BIA notices on Oct 2, 2023. · page: 5 · as of: 2023-12-07 · amount: 16787345 · debtor: Wolverine Energy and Infrastructure Inc. (Borrower), guaranteed by Wolverine Equipment Inc., Wolverine Construction Inc., Wolverine Management Services Inc., HD Northern Equipment Sales and Rentals Inc., HD Energy Rentals Ltd., BHW Employment Services Inc., Flo-Back Equipment Inc., Liberty Energy Services Ltd., Western Canadian Mulching Ltd., and Wolverine Group Inc. · creditor: Canadian Western Bank · currency: CAD · security: General Security Agreements (various dates: Oct 3, 2018; May 7, 2019; Nov 1, 2019; Aug 23, 2022) granted by the Borrower and Guarantors; Credit Facilities comprised of: demand operating facility (Facility #1) - facility limit $15,000,000; EDC BCAP Loan Guarantee Program Loan - facility limit $6,250,000; demand non-revolving loan (Facility #3) - facility limit $157,377.54; demand non-revolving loan (Facility #4) - facility limit $216,789.10