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Restructuring and insolvency

Clarkson Road Holdings Inc., Clarkson Road Developments GP Inc. and 2813427 Ontario Inc.

Lane
Restructuring and insolvency
Announced
09 Feb 2026
Province
Ontario
Industry
Construction & building
Status
In court
Latest event
Stay extended
What the filing says
As discussed in the Eleventh Report of the Monitor dated February 9, 2026, the Monitor understands that the Investor does not intend to close the Transaction, and accordingly the Applicants did not seek an extension of the Stay of Proceedings beyond February 28, 2026.
Court file number
CV-24-00719589-00CL
Judicial district
Ontario Superior Court of Justice, (Commercial List), Toronto
Proceeding opened
03 May 2024
Credits
PricewaterhouseCoopers Inc. (court officer)
DIP facility
$1,825,000 (DIP facility)“Approved the increase of the amount of the DIP Facility from $1,725,000 to $1,825,000; and.”
DIP facility
$2,025,000 (DIP facility)“Authorized the Companies to enter into an Amended DIP Term Sheet and approved an increase in the DIP Facility and the corresponding Lender's Charge from $1,825,000 to $2,025,000.”
priority charge
$1,825,000 (DIP Lender's Charge)“Approved the fifth-ranking DIP Lender Charge in the amount of $1,825,000.”
priority charge
$400,000 (Administration Charge)“On December 11, 2024, the Court issued the Construction DIP ARIO Amendment Order which, among other things: Approved the increase in the Administration Charge from $350,000 to $400,000;”
priority charge
$5,875,000 (DIP Lender's Charge)“Approved the increase in the Construction DIP Lender's Charge, from $3,875,000 to $5,875,000; and.”
stay expiry
2025-03-31“On January 21, 2025, the Court issued the Stay Extension and Third ARIO Amendment Order which, among other things: Extended the Stay Period to March 31, 2025;”
stay expiry
2025-05-30“On March 31, 2025, the Court issued the Amended and Restated ARIO which, among other things: Extended the Stay Period up to and including May 30, 2025;”
stay expiry
2025-07-31“On May 31, 2025, the Court issued the Amended and Restated ARIO which, among other things: Extended the Stay Period up to and including July 31, 2025; and.”
stay expiry
2025-09-11“On August 21, 2025, the Court issued the Stay Extension Order which, among other things extended the Stay Period to September 11, 2025.”
stay expiry
2026-02-28“The Stay of Proceedings accordingly expired on its terms on February 28, 2026.”
Source

Compiled from public filings, court documents, exchange bulletins and issuer releases. Figures are as disclosed and are not independently verified.

Not financial, investment, legal or tax advice, and not an offer to buy or sell any security. Verify everything before you transact.

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