FTI Consulting Canada Inc. / Chesswood Group Limited

On October 29, 2024, the Ontario Superior Court of Justice (Commercial List) (the "Court") issued an order (the "Initial Order") commencing proceedings under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the "CCAA") in respect of Chesswood Group Limited, Case Funding Inc., Chesswood Holdings Ltd., Chesswood US Acquisitionco Ltd., Pawnee Leasing Corporation, Lease-Win Limited, Windset Capital Corporation, Tandem Finance, Inc., Chesswood Capital Management Inc., Chesswood Capital Management USA Inc., Rifco National Auto Finance Corporation, Rifco Inc., Waypoint Investment Partners Inc. and 1000390232 Ontario Inc. (collectively, the "CCAA Parties"). The Initial Order granted, among other things, an initial stay of proceedings in favour of the CCAA Parties until and including November 8, 2024, which may be extended by further order of the Court from time to time. FTI Consulting Canada Inc. is the Court-appointed monitor (the "Monitor") of the CCAA Parties.

On November 7, 2024, the CCAA Parties obtained an amended and restated initial order (the "ARIO") extending the period of the Court-ordered stay of proceedings against the CCAA Parties under the CCAA until January 31, 2025.

On December 19, 2024, the CCAA Parties obtained an order approving the Sale and Investment Solicitation Process ("SISP") and Key Employee Retention Plan ("KERP").

On January 29, 2025, the CCAA Parties obtained an order extending the Stay Period and related relief until and including March 31, 2025.

On January 29, 2025, the Court granted an order (the "Approval and Vesting Order") which provided that on closing of the transaction contemplated by that order, the names of Rifco National Auto Finance Corporation and Rifco Inc. shall be deleted and replaced with the new legal names, 942328 Alberta Inc. and 908696 Alberta Inc. On February 14, 2025, the Monitor delivered the Monitor's Certificate upon closing of the transaction pursuant to the Approval and Vesting Order. Please refer to the Other Documents & Notices section for a copy of the Monitor's Certificate.

On March 7, 2025, the CCAA Parties obtained an order extending the Stay Period and related relief until and including May 2, 2025.

On March 7, 2025, the Court granted an order (the "Approval and Reverse Vesting Order") which provided that on closing of the transaction contemplated by that order, Chesswood U.S. Acquisitionco Ltd., Pawnee Leasing Corporation and Tandem Finance, Inc. shall cease to be CCAA Parties in these CCAA proceedings and CGL Holdco, LLC ("ResidualCo") shall be added as a CCAA Party to these CCAA proceedings.

For additional information, please contact the Monitor using the contact information below:
Local Number: 1-416-649-8103
Toll Free Number: 1-833-440-8545
Email: chesswood@fticonsulting.com