Ontario · CCAA

Application Record of the Applicant - Volume 4 of 4 - Final.pdf

Application / notice of application · 8 March 2019

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

secured creditorsnote: Related party - JT Canada LLC Inc. is identified elsewhere in the record as JTIM's Parent Company (see Note 5, Non-consolidated Financial Statements). The $84,000,000 figure is the amount for which the hypothec is granted (a registration/principal ceiling securing the Obligations under the June 25, 2015 Loan Agreement), not a stated outstanding balance; no balance is disclosed on these pages. · page: 35 · as of: Loan Agreement dated June 25, 2015 · debtor: JTI-Macdonald Corp. · creditor: JT Canada LLC Inc. · currency: CAD · security: Hypothec on the Universality of Movable Property (present and future movable property incl. inventory, claims/book debts, securities, equipment/road vehicles, trade marks and other IP, fruits/revenues, records) granted for a stated principal amount of $84,000,000 plus interest at 25% per annum from the date of the deed
financial positionnote: Comparative column for December 31, 2016 also shown (total assets $1,811,469 thousand; total liabilities $1,475,714 thousand) but not used as the reporting date figure. · page: 141 · as at: 2017-12-31 · basis: Unaudited, non-consolidated balance sheet (in thousands of dollars) · scope: Non-consolidated (JTI-Macdonald Corp. entity level only, excluding subsidiary JTI-Macdonald TM Corp.) · currency: CAD · total assets: 1819780000 · total liabilities: 1446175000