What we verified from this filing4 verified
- financial positionnote: Figures reported in thousands of $CAD in source tables and multiplied accordingly. Current portion of long-term debt of $43,333 thousand within current liabilities corresponds to the Debtors' Secured Indebtedness reported elsewhere. · page: 16 · as at: 2025-12-31 · basis: unaudited, book value (3-month interim financial information) · scope: consolidated, PHA Group (all Debtors) · currency: CAD · total assets: 42632000 · total liabilities: 56431000
- secured creditorsnote: As at June 19, 2026 (closest to filing): ~$7.2M outstanding under revolving facility, ~$20.7M under term facility, ~$300K under issued credit cards (components as stated, not summed by document). Distinct earlier stated total: as at December 31, 2025, RBC Credit Agreement amounts totalled $27M (~$4.9M revolving + ~$21.7M term). · page: 17 · as of: 2026-06-19 · debtor: PHA Group (Debtors) · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Second amended and restated credit agreement dated November 7, 2023 (revolving credit facility - authorized limit $10.0M; term loan facility - original principal $25.0M; plus visa credit card facility and hedge facility); first-ranking security interest over all Debtors' assets, pari passu with BDC Capital/Desjardins Capital senior term loans
- secured creditorsnote: Stated aggregate total (document's own figure, not computed here) representing combined outstanding balances of the three secured creditors detailed separately above. As at December 31, 2025, the corresponding aggregate was approximately $43.0M. · page: 17 · as of: date of this report · amount: 45300000 · debtor: PHA Group (Debtors) · creditor: Secured Indebtedness (RBC, BDC Capital and Desjardins Capital combined) · currency: CAD · security: Aggregate principal amount outstanding under the Debtors' secured financing arrangements, including RBC facilities and the senior, mezzanine and payment-in-kind facilities provided by BDC Capital and Desjardins Capital; excludes accrued interest and fees
- secured creditorsnote: As at June 19, 2026: ~$4.2M senior term loans, ~$5.2M mezzanine loans, ~$7.7M payment-in-kind loans (components as stated, not summed). As at December 31, 2025: ~$4.25M senior term loans, ~$5.0M mezzanine loans, ~$7.2M payment-in-kind loans. · page: 18 · as of: 2026-06-19 · debtor: PHA Group (Debtors) · creditor: BDC Capital Inc. and Desjardins Capital Private Debt L.P. · currency: CAD · security: Senior term loans secured by pari passu first-ranking security interests (together with RBC term facility) over all Debtors' assets; mezzanine and payment-in-kind tranches secured by subordinated security interests per applicable intercreditor arrangements; aggregate original principal amount of $15M (senior, mezzanine and PIK tranches combined)