Quebec · CCAA
Second Report to the Court submitted by the Monitor dated May 29, 20025 (Original French Version)
Court officer report · 29 May 2025
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
- unsecured creditorsnote: Stated as 95,8 k$ ($95,800) in total owed to 8 retired employees (régime PRB). Funds held in reserve by the Controller for full repayment ('remboursement intégral'); these employees will receive a notice of claim and be deemed to have filed a proof of claim for this amount unless they file their own under the claims process. The document names no individual creditors and states no other unsecured creditor list. · page: 7 · as of: 2025-05-29 · basis: Amounts stated in the Controller's Second Report as held by Pétromont for its 8 retired employees · amount: 95800 · debtor: Pétromont inc. · creditor: Retired employees (8) — régime PRB · currency: CAD
- secured creditorsnote: Post-filing temporary (DIP) financing, not a pre-filing debt. Lenders are Ethlyec and Dow Canada (an existing partner of the debtor; Dow Canada is also the landlord of the Terrain Loué). The Convention de financement temporaire permits borrowing, repaying and re-borrowing up to $3,100,000 principal in circulation at any time (para 47). The Court had approved borrowing up to $400,000 secured by a $480,000 charge (para 51); this report seeks authorization to borrow an additional $400,000 (total $800,000) secured by an additional $480,000 charge (total charge $960,000) (para 52). Figures are authorization ceilings / charge limits, not an outstanding balance; the drawn/outstanding balance is not stated. · page: 9 · as of: 2025-05-29 · debtor: Pétromont inc. and Pétromont, Société en Commandite (Parties LACC) · creditor: Prêteur temporaire (Ethlyec and Dow Canada) · currency: CAD · security: Charge du prêteur temporaire — court-ordered super-priority charge over all assets of the Parties LACC except the Terrain Enclavé, ranking ahead of all other charges and claims except the Administration Charge