Quebec · CCAA

2025-09-02 Report of the Proposed Monitor (in French)

Pre-filing report · 2 September 2025 · French

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What we verified from this filing2 verified

financial positionnote: Figures reported in thousands CAD per table header; totals shown here are the sum of the two entities' separately-stated totals as disclosed in the balance sheet table (NVNA + MCMSB); document does not provide a single consolidated total for the Débitrices group · page: 7 · as at: 2024-12-31 · basis: internal unaudited financial statements (non audité); no audit opinion expressed by Contrôleur proposé · scope: combined entity-level figures for NVNA (assets 790,500 thousand; liabilities 284,981 thousand) and MCMSB (assets 286,165 thousand; liabilities 278,957 thousand), reported separately, not consolidated · currency: CAD · total assets: 1076665000 · total liabilities: 563938000
secured creditorsnote: Sole secured hypothecary creditor of the Débitrices ('l'unique créancière hypothécaire'); balance sheet also shows related long-term debt of $238,914 thousand (MCMSB) as of 2024-12-31; interest accruing ~$1M/month, unpaid to date · page: 7 · as of: 2025-07-30 · amount: 260700000 · debtor: MCMSB / NVNA / 9500 (Débitrices) · creditor: Investissement Québec (IQ), as agent for Ministère de l'Économie, de l'Innovation et de l'Énergie (MEIE) · currency: CAD · security: Hypothèque (mortgage) on the Terrain; blocked account agreements (comptes bloqués) also constitute security in favour of IQ; term loan of $240,000,000 CAD principal dated 2023-10-31