Ontario · CCAA
Pre-Filing Report of the Proposed Monitor dated September 8, 2025
Pre-filing report · 8 September 2025
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 filing5 verified
- financial positionnote: Approximately $125 million of total assets comprised of goodwill and intangible assets, stated to have no realizable value in a liquidation; figures in $000s per source table · page: 6 · as at: 2025-07-31 · basis: unaudited, book value · scope: entity (Norwood Industries Inc.) · currency: CAD · total assets: 139653000 · total liabilities: 45978000
- secured creditorsnote: Primary/senior secured lender; before accruing interest and costs · page: 7 · as of: date of Pre-Filing Report (September 8, 2025) · amount: 20400000 · debtor: Norwood Industries Inc. · creditor: Monroe Capital LLC · currency: USD · security: Security over substantially all of the Company's business and assets; term loan facility
- secured creditorsnote: Same lender as term loan; reported separately as revolving facility balance · page: 7 · as of: date of Pre-Filing Report (September 8, 2025) · amount: 3100000 · debtor: Norwood Industries Inc. · creditor: Monroe Capital LLC · currency: CAD · security: Revolving loan facility
- secured creditorsnote: Lease payments are current; amount not stated · page: 7 · debtor: Norwood Industries Inc. · creditor: Xerox Canada · currency: CAD · security: Registered PPSA security interest re: leased photocopiers
- secured creditorsnote: May be fully or partially cash collateralized; extent to be investigated prior to return of application · page: 8 · as of: date of Pre-Filing Report (September 8, 2025) · amount: 200000 · debtor: Norwood Industries Inc. · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Registered PPSA security interest in certain personal property; owed on Company's credit cards