Alberta · Receivership (court-appointed)
Affidavit of Dino DeLuca sworn on August 29, 2026
Affidavit · 29 August 2026
What we verified from this filing3 verified
- secured creditorsnote: Related party: all 2L Holders are directly or indirectly directors of APMC. Subordinate in priority to BMO security. Demand issued and Event of Default declared August 28, 2026 for Principal Amount immediately due and payable. · page: 5 · as of: 2026-06-29 · amount: 4000000 · debtor: A Parent Media Co. Inc. · creditor: 2L Holders (Team Canada SSM LLC, TriWest Lower Mid-Market Fund I, L.P., Douglas G. Nyhoff, James R. Lites & Charla Kim Smith jointly, Joseph M. DePinto) under Senior Secured Second Lien Convertible Note · currency: USD · security: 2L GSA dated June 29, 2026 - general security interest over all present and after-acquired personal property; registered PPSA August 26, 2026; aggregate Principal Amount of 2L Note (each Holder advanced USD $800,000 principal less 50% OID, net funding USD $400,000 each); facility ceiling up to USD $40,000,000
- secured creditorsnote: Approximate amount as advised to affiant; BMO Indebtedness capped in 2L Note negative covenant at not to exceed USD $4,050,000 principal amount · page: 6 · as of: affidavit date (August 2026, approximate) · amount: 3800000 · debtor: A Parent Media Co. Inc. · creditor: Bank of Montreal (BMO) · currency: USD · security: First-ranking security interest over all present and after-acquired personal property of APMC under letter of agreement - amendment & restatement dated September 23, 2024
- secured creditorsnote: Aggregate principal amount of 3L Notes plus accruing interest (interest amount not stated). Security interest registered in priority to 2L Holders' security despite 2L Holders' understanding it would be subordinated - no subordination agreement executed, giving rise to Event of Default under 2L Note. · page: 6 · as of: 2026-06-29 · amount: 27375000 · debtor: A Parent Media Co. Inc. · creditor: 3L Holders (Unsecured Convertible Notes holders, now secured) · currency: USD · security: 3L GSA dated June 29, 2026 - general security interest over all present and after-acquired personal property; registered at Alberta PPSA in priority to 2L GSA per registration order (though 2L Note intended subordination not effected)