TendieTensor TendieTensor
You’re browsing as
Guest
Free Preview
Sign in/sign up to unlock all features.
News  ›  GlobeNewswire Inc.

Groupe Colabor Inc. obtient la protection contre ses créanciers en vertu de la LACC et annonce les nominations de M. Marc Antoine Daoust à titre de chef de la direction financière et de M. Yanick Blanchard à titre de chef de la restructuration

GlobeNewswire Inc. Logo GlobeNewswire Inc. • •By Na
Groupe Colabor Inc. obtient la protection contre ses créanciers en vertu de la LACC et annonce les nominations de M. Marc Antoine Daoust à titre de chef de la direction financière et de M. Yanick Blanchard à titre de chef de la restructuration

Groupe Colabor Inc. has obtained creditor protection under the Companies' Creditors Arrangement Act (CCAA) from Quebec Superior Court. Raymond Chabot Inc. has been appointed as monitor. The company has secured debtor-in-possession financing from TD Bank, BMO, and Bank of Nova Scotia to fund restructuring and a sale and investment solicitation process. Marc-Antoine Daoust has been appointed Chief Financial Officer and Yanick Blanchard as Chief Restructuring Officer.

Insights
HBANL   positive

Mentioned as hosting venue for event, suggesting active participation in community engagement initiatives

TD   neutral

TD Bank is providing debtor-in-possession financing as part of a consortium, which is a standard banking service during restructuring. This is a neutral business transaction with no direct impact on the bank's operations.

Keywords
#creditor protection #CCAA #restructuring #debtor-in-possession financing #sale and investment solicitation process #food distribution #Quebec

Tickers
TD BERZ BMO BNKD BNKU BULZ CARD CARU DULL FLYD FLYU FNGD FNGO FNGS FNGU GDXD GDXU JETD JETU NRGD NRGU OILD OILU SHNY WTID WTIU B
← Prev: Ponce De Leon Foundation Awarded Grants in the Amount of $635,000 to Nonprofits