Alberta · CCAA
Affidavit of John Gil (August 15, 2025) w/o appendices
Affidavit · 15 August 2025
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What we verified from this filing7 verified
- secured creditorsnote: Stated as 'in excess of $58 million' (floor, operative word 'in excess of') plus accruing legal/professional fees, costs, charges, disbursements and interest thereafter; BMO senior secured/operating lender. Separately, BMO stated it had extended approximately $64.5 million in credit facilities (aggregate facility limits across all term sheets, not an outstanding balance) to the Summit Auto Group as of 2023-2024 origination. · page: 4 · as of: 2025-08-12 · amount: 58000000 · debtor: Summit Auto Group (all Debtors, cross-collateralized/cross-guaranteed) · creditor: Bank of Montreal (BMO) · currency: CAD · security: GSAs and chattel mortgages over personal property (Exhibits 84-101); Alberta and BC real property mortgages against Real Co lands (Exhibits 114-129); general assignments of rents and leases (Exhibits 130-137); unlimited guarantees from Cross Guarantors and 197 AB
- secured creditorsnote: BMO understands from management that North Point is owed 'less than approximately $100,000' (ceiling estimate, not an exact balance) · page: 28 · debtor: Western Sport Products · creditor: North Point Commercial Finance · currency: CAD · security: First-in-time general security interest registered in Alberta and BC PPRs against all present and after-acquired personal property
- secured creditorsnote: Aggregated serialized-equipment financiers per PPSA registrations against Castle Ford · page: 28 · debtor: Castle Ford · creditor: PPSA equipment financiers (PMSI class) - Transcan Leasing Corp and Canadian Western Bank · currency: CAD · security: Serial numbered goods registrations in Alberta PPR
- secured creditorsnote: Aggregated serialized-equipment financiers per PPSA registrations against Arrow VW · page: 28 · debtor: Arrow VW · creditor: PPSA equipment financiers (PMSI class) - GE Canada Equipment Financing G.P., CWB National Leasing Inc., Wells Fargo Equipment Finance Company, Pattison Sign Group (a Division of Jim Pattison Industries Ltd.) · currency: CAD · security: Serial numbered goods registrations in BC PPR
- secured creditorspage: 28 · debtor: Cranbrook Mitsubishi; Vermillion Chrysler · creditor: The Bank of Nova Scotia (BNS) · currency: CAD · security: Security interest in all chattel paper and accounts assigned by Cranbrook Mitsubishi and Vermillion Chrysler to BNS, registered in BC PPR
- secured creditorspage: 28 · debtor: Squamish Chrysler · creditor: Golden Ears Leasing Corporation · currency: CAD · security: Security interest registered against Squamish Chrysler in the BC PPR
- secured creditorspage: 28 · debtor: Vermillion Chrysler; Real Co; Squamish Chrysler · creditor: Meridian OneCap Credit Corp. · currency: CAD · security: PMSIs registered in the BC PPR