Core Viewpoint - Groupe Colabor Inc. and its subsidiaries are seeking initial court protection under the Companies' Creditors Arrangement Act (CCAA) to restructure and facilitate a formal sale and investment solicitation process [1][2]. Group 1: Court Proceedings and Financial Restructuring - The company is requesting an initial order to approve a formal sale and investment solicitation process to allow interested parties to submit proposals for the best possible transaction [2]. - The request also aims to suspend creditor claims and certain contractual rights, and to approve temporary debtor-in-possession financing from major banks to support the restructuring process [2]. - Raymond Chabot Inc. is proposed to be appointed as the monitor to oversee the CCAA proceedings and report to the court, while the company's management will remain responsible for day-to-day operations under the monitor's supervision [2]. Group 2: Financial Obligations and Stock Trading - This announcement follows a previous disclosure on December 15, 2025, indicating that the company failed to meet its obligation to provide non-binding letters of intent for refinancing its credit facilities and raising a minimum of $15 million [3]. - Trading of the company's common shares on the Toronto Stock Exchange (TSX) has been halted, and the TSX is reviewing the potential delisting of its securities under an accelerated review process [4]. Group 3: Company Overview - Colabor is a distributor and wholesaler of food products serving the hospitality, restaurant, and institutional markets in Quebec and Atlantic provinces, offering a range of specialized food products including meats, fish, and seafood [5].
Groupe Colabor Inc. dépose une demande de protection contre ses créanciers en vertu de la LACC
Globenewswire·2026-01-08 13:05