Ontario · CCAA
Responding Motion Record of the Independent Director - Part 14 of 20
Application / notice of application · 30 September 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 filing2 verified
- secured creditorsnote: No outstanding balance is stated on these pages. Maturity Date extended to Feb 28, 2018 (Third Extended Maturity Date) by the Seventh Amendment dated Dec 27, 2017, conditional on court orders and a CP Satisfaction Notice. Lender consented to a US$6,200,000 Bridge DIP Loan from Meryl Investments, LLC, whose CCAA charge is to rank ahead of all other CCAA Charges except the Administration Charge. · page: 13 · debtor: Crystallex International Corporation · creditor: Luxembourg Investment Company 31 S.à.r.l. (Luxco 31) · currency: USD · security: Lender under the Credit Agreement (DIP facility, originally the April 23, 2012 Tenor credit agreement, assigned via KRY Coop on Dec 30, 2014). Security Documents secure all Obligations including accrued interest (s.12); first priority perfected Lien over the Cash Collateral Account(s); DIP Charge and Lender Additional Compensation Charge. Original KRY Coop term loan principal not exceeding US$62,533,333.33 (a facility ceiling, not a balance); an additional amount was later lent under the Fourth Credit Agreement Amendment (Mar 12, 2015).
- secured creditorsnote: Amount is the maximum principal secured by the proposed charge and the proposed borrowing amount, not a confirmed advanced balance. Subject to Luxco 31 consent (given in the Seventh Amendment s.11) and CCAA Court approval via the Bridge DIP Loan Approval Order (Schedule B, not included in these pages). · page: 16 · as of: 2017-12-20 · amount: 6200000 · debtor: Crystallex International Corporation · creditor: Meryl Investments, LLC (Bridge DIP Lender) · currency: USD · security: Proposed CCAA charge in priority to all other CCAA Charges excluding the Administration Charge, securing maximum principal US$6,200,000 plus interest and other amounts under the Bridge DIP Commitment (Bridge DIP Loan Agreement dated Dec 20, 2017).