British Columbia · CCAA
Seventh Report of the Monitor, June 4, 2025
Court officer report · 4 June 2025
What we verified from this filing5 verified
- process resultsndas: 29 · note: 29 confidentiality agreements executed with Potential Bidders, referred to as Qualified Bidders · as of: 2025-06-04
- purchaserFraserview Cedar Partnership; 1537037 B.C. Ltd.; Cedarline Industries Ltd.
- recovery outcomeentries: basis: unstated · quote: RBC and BDC, as the primary secured creditors of Coulson's assets, are supportive of the Coulson Mill Transaction, notwithstanding that they will suffer a significant shortfall on their debt. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: RBC and BDC (secured creditors of Coulson's assets) · creditor name: RBC and BDC · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: BDC, as the primary secured creditor of San Forest, is supportive of the SFP Plant Transaction, notwithstanding that they will suffer a significant shortfall on their debt. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: BDC (secured creditor of San Forest) · creditor name: BDC · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: RBC, as the primary secured creditor in relation to the Purchased Assets, is supportive of the Langley Plant Transaction, notwithstanding that they will suffer a significant shortfall on their debt. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: RBC (secured creditor in relation to the Purchased Assets) · creditor name: RBC · interim final: unstated · claims qualifier: unstated · stated on: 2025-06-04 · table missing:
- sale advisorDeloitte Restructuring Inc.; Cushman & Wakefield ULC
- sale outcometext: SISP concluded with three asset purchase agreements for the Coulson Mill, SFP Plant, and Langley Plant, pending court approval · scope: whole_business · status: pending_approval