Alberta · CCAA
Second Report of the Monitor
Court officer report · 10 April 2013
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: First secured creditor of RS; providing Interim Financing Facility; related party (Stalking Horse Bidder); amount is estimated principal only (Note 1: 'Principal amount of Debenture Obligation not including interest'), presented in $000s in a purchase price estimate table · page: 20 · as of: estimated as at Closing Date · amount: 6000000 · debtor: RS Technologies Inc. · creditor: Werklund Capital Corporation / Melbye Skandinavia AS (Werklund/Melbye) · currency: CAD · security: Debenture Obligation - principal amount not including interest
- secured creditorsnote: Maximum Amount ('up to $2.75 million') of Interim Financing Facility; as of April 6, 2013 only $600,000 had actually been drawn (see page 8); this $2,750,000 figure is the estimated fully-drawn amount used in purchase price table, related party (Stalking Horse Bidder) · page: 20 · as of: estimated as at Closing Date · amount: 2750000 · debtor: RS Technologies Inc. · creditor: Werklund/Melbye, as Interim Lender · currency: CAD · security: Interim Lender's Charge granted under Interim Financing Facility, priority over all other encumbrances except Court-approved Administrative Charge