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BZAM Ltd. - Reports
 Sixth Report of the Monitor |
October 11, 2024 |
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The purpose of this Sixth Report of the Monitor (the "Sixth Report") is to provide information to this Court with respect to the Applicants' motion returnable October 15, 2024, seeking two orders of this Court: (a) an order (the "Approval and Vesting Order"), inter alia, approving the share purchase agreement dated August 23, 2024 (the "Wyld Purchase Agreement") among BZAM Holdings, as vendor, BZAM Management, as target, 1000912353 Ontario Inc. (the "BMI Acquiror"), as purchaser, and Wyld Canada Inc. ("Wyld"), as an interested third-party, and the transaction contemplated thereby (the "Wyld Transaction"); and (b) an order (the "Ancillary Order"), inter alia, extending the Stay Period to and including December 2, 2024. | |
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Fifth Report of the Monitor |
August 21, 2024 |
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The purpose of this Fifth Report of the Monitor (the "Fifth Report") is to provide information to this Court with respect to the Applicants' motion returnable August 26, 2024, seeking an order of this Court: (a) extending the Stay Period to and including October 15, 2024; (b) approving this Fifth Report and the activities of the Monitor described herein; and (c) approving the fees and disbursement of the Monitor and its counsel. | |
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Fourth Report of the Monitor |
July 12, 2024 |
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The purpose of this Fourth Report of the Monitor (the "Fourth Report") is to provide information to this Court with respect to the Applicants' motion returnable July 15, 2024, seeking an order of this Court: (a) extending the Stay Period to and including August 28, 2024; and (b) approving this Fourth Report and the activities of the Monitor described herein. | |
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Third Report of the Monitor |
May 14, 2024 |
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The purpose of this Third Report of the Monitor (the "Third Report") is to provide information to this Court with respect to the Applicants' motion returnable May 17, 2024, seeking an Order of this Court: a) extending the Stay Period until and including July 15, 2024; and b) approving this Third Report of the Monitor, the Second Report of the Monitor dated April 17, 2024 (the "Second Report"), the First Report of the Monitor dated March 6, 2024, and the Pre-Filing Report of the Proposed Monitor dated February 28, 2024. | |
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Second Report of the Monitor |
April 17, 2024 |
| The purpose of this Second Report of the Monitor (the "Second Report") is to provide this Court with the Monitor's comments regarding certain issues raised in the motion brought by Final Bell Holdings International Ltd. ("FBHI") in these CCAA proceedings and scheduled to be heard by this Court on April 22 and 23, 2024 (such motion, the "Final Bell Motion"). This Second Report is not intended to provide a comprehensive update on these CCAA proceedings or the activities of the Monitor. | |
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First Report of the Monitor |
March 6, 2024 |
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The purpose of the First Report of the Monitor is to provide the Court with the Monitor's comments and recommendations regarding the following: a) The activities of the Monitor since the issuance of the Initial Order; and b) The relief sought by the Applicants at the Comeback Hearing, including, among other things: ii. a Court-ordered charge (the "Bid Protections Charge") in favour of the Stalking Horse Purchaser as security for payment of the Bid Protections; iii. approval of a sale and investment solicitation process (the "SISP") in which the Stalking Horse Purchase Agreement will serve as the "Stalking Horse Bid"; and iv. approval of the amended and restated Initial Order (the "ARIO"). | |
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Pre-Filing Report of the Proposed Monitor |
February 28, 2024 |
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The purpose of the Pre-Filing Report of the Proposed Monitor, FTI Consulting Canada Inc. ("FTI"), is to inform the Court of the following: a) FTI's qualifications to act as Monitor, if appointed; b) The activities of FTI and its counsel, Stikeman Elliott LLP ("Stikeman"); c) FTI's comments regarding the BZAM Group's cash management system d) FTI's comments regarding the BZAM Group's proposed stakeholder communication plan (the "Communication Plan"); e) BZAM Group's proposed treatment of certain pre-filing payables in the Proposed Initial Order; f) BZAM Group's consolidated 13-week cash flow projections of its receipts and disbursements to May 25, 2024 (the "Cash Flow Projection") and the reasonableness thereof, in accordance with section 23(1)(b) of the CCAA; g) BZAM Group's request for the approval of a $41.0 million debtor-in-possession ("DIP") credit facility (the "DIP Facility") and a corresponding charge in respect thereof (the "DIP Lender's Charge"); h) BZAM Group's proposed administration charge (the "Administration Charge") and proposed directors' and officers' charge (the "Directors' Charge"); i) A discussion of the BZAM Group's intended next steps in the CCAA Proceedings; and j) FTI's views with respect to the proposed CCAA Proceedings and certain of the relief sought in the Proposed Initial Order. | |
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