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Restructuring and insolvency

Gesco Industries Inc.

Lane
Restructuring and insolvency
Announced
19 May 2023
Province
Ontario
Industry
Industrials & manufacturing
Status
In court
Latest event
CCAA filing
What the filing says
Status of File as of August 28, 2023 On August 28, 2023, the Monitor filed its Third Report (the "Third Report") with the Court to provide the Court with the information concerning: An update on the Transaction and post-closing matters; other activities of the Companies and the Monitor since the date of the Second Report; the Applicants' actual cash flows for the period from June 10, 2023 to August 18, 2023 as compared to the cash flow forecast included in the Second Report for the same period; and the Applicants' motion for the CCAA Termination Order.
Court file number
CV-23-00699824-00CL
Judicial district
Ontario Superior Court of Justice (Commercial List) Toronto District 09
Proceeding opened
19 May 2023
Credits
PricewaterhouseCoopers Inc. (monitor)
stay expiry
2023-09-08“Authorizing distributions to the ABL Lenders; and Approving the extension to the Stay Period to and including September 8, 2023.”
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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