A plain-language read of this filing opens with a subscription.
What we verified from this filing3 verified
- financial positionnote: Statement of Financial Position does not present a single 'total liabilities' line; components stated are current liabilities $71,480,549 and non-current liabilities $189,012,006 (summing to $260,492,555, not independently stated by the document). Partners' equity of $372,954,496 plus these liability components equal total assets/liabilities+equity of $633,447,051. · page: 7 · as at: 2023-12-31 · basis: audited (IFRS Accounting Standards, per KPMG LLP independent auditor's report dated May 9, 2024) · scope: entity - Varennes Cellulosic Ethanol LP (limited partnership, standalone; no consolidation of other entities indicated) · currency: CAD · total assets: 633447051
- secured creditorsnote: Outstanding balance was $13,001,630 as at December 31, 2023 (audited financial statements); September 30, 2024 balance is from unaudited condensed interim financial statements. · page: 43 · as of: 2024-09-30 · amount: 41369790 · debtor: Varennes Cellulosic Ethanol LP · creditor: Canada Infrastructure Bank (CIB Loan) · currency: CAD · security: First-ranking security over all of the Partnership's assets, on a pari passu basis with the IQ Loan; facility limit up to $277,000,000 (including up to $22,600,000 to secure letters of credit)
- secured creditorsnote: Related party: Investissement Québec is a Limited Partner of the Partnership (equity ownership 23.7% as at Jan 2023). Outstanding balance was $10,118,382 (or $10,118,381 per note 11) as at December 31, 2023 (audited); September 30, 2024 balance is from unaudited condensed interim financial statements. Replaced a prior $80 million loan agreement entered into December 2020. · page: 43 · as of: 2024-09-30 · amount: 32821073 · debtor: Varennes Cellulosic Ethanol LP · creditor: 9429-8130 Québec Inc. (subsidiary of Investissement Québec) (IQ Loan) · currency: CAD · security: First-ranking security over all of the Partnership's assets, on a pari passu basis with the CIB Loan; facility limit up to $162,000,000 (including up to $12,000,000 to secure letters of credit); secured by a company under common control of a Limited Partner of the Partnership