Ontario · Foreign recognition (CCAA)
Second Report of the Information Officer dated October 13, 2026
Court officer report · 13 October 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 filing6 verified
- secured creditorsnote: Approximately $342.6 million of secured indebtedness as stated by the Information Officer; figure is an approximation in prose and is the group-wide figure, not De Cloet alone. Components appear below (ABL and Term Loan). · page: 11 · as of: Petition Date · amount: 342600000 · debtor: Debtors (consolidated; De Cloet a borrower or guarantor) · creditor: Prepetition secured lenders (aggregate, Debtors group incl. De Cloet as borrower/guarantor) · currency: USD · security: De Cloet has granted security over its assets in support of this indebtedness
- secured creditorsnote: This is the amount the Debtors must set aside in a segregated account as adequate protection under the Second Interim DIP Order, not a stated claim amount. Quasi-governmental (tax) claim, U.S. Debtors. · page: 14 · as of: 2026-09-28 · amount: 84517.41 · debtor: Debtors (U.S.) · creditor: Certain Texas taxing jurisdictions (statutory liens, ad valorem taxes) · currency: USD · security: Statutory liens for ad valorem taxes
- secured creditorsnote: Rolled-up DIP obligations rank subordinate to these encumbrances. Amount not stated in this document. · page: 15 · debtor: De Cloet Greenhouse Mfg. Ltd. · creditor: Toyota Industries Commercial Finance Canada · currency: CAD · security: Encumbrances over De Cloet's Property in Canada, described in the Pre-Filing Report (not reproduced in these pages)
- secured creditorsnote: Rolled-up DIP obligations rank subordinate to these encumbrances. Amount not stated in this document. · page: 15 · debtor: De Cloet Greenhouse Mfg. Ltd. · creditor: Royal Bank of Canada · currency: CAD · security: Encumbrances over De Cloet's Property in Canada, described in the Pre-Filing Report (not reproduced in these pages)
- secured creditorsnote: Amount is outstanding Prepetition Revolving Loans only; other ABL obligations (accrued interest, fees, letter of credit reimbursement, bank product obligations, expenses) are additional and unquantified. Under the Final DIP Order, any remaining prepetition revolving loans roll up into DIP obligations. Debtors' stipulations are subject to the challenge period in the DIP orders. · page: 186 · as of: Petition Date · amount: 43079675.97 · debtor: Bamboo Purchaser, Inc. (Borrower) and other Debtors as guarantors · creditor: Prepetition ABL Lenders (ACF FINCO I LP, as administrative and collateral agent) · currency: USD · security: First-priority liens on ABL Priority Collateral; junior liens on Term Loan Priority Collateral. Facility size: up to $120,000,000 in Aggregate Revolving Commitments (a commitment limit, not a balance). Matures December 31, 2028.
- secured creditorsnote: Stated as 'not less than' $299,456,012.99 principal (a floor), consisting of Term Loans A of not less than $137,608,289.31 and Term Loans B of not less than $161,847,723.68, plus accrued interest, fees and other obligations. Debtors' stipulations are subject to the challenge period (Nov 3, 2026; Dec 3, 2026 for the UCC as to the Term Loan parties), per page 14. · page: 188 · as of: Petition Date · amount: 299456012.99 · debtor: Bamboo Purchaser, Inc. (Borrower) and other Debtors as guarantors · creditor: Prepetition Term Loan Secured Parties (Ares Capital Corporation, as administrative and collateral agent) · currency: USD · security: First-priority liens on Term Loan Priority Collateral; second-priority liens on ABL Priority Collateral. Per the Information Officer, the Term Loan obligations are secured by the Simcoe Property and greatly exceed its estimated value.