Green Impact Partners Commences Court-Supervised Process to Facilitate Refinancing and Strategic Transactions

Core Viewpoint - Green Impact Partners Inc. (GIP) has received an Initial Order from the Court of King's Bench of Alberta under the Companies' Creditors Arrangement Act (CCAA) to facilitate a restructuring process aimed at preserving enterprise value and maximizing outcomes for stakeholders [1][2]. Company Operations - The Initial Order allows GIP to continue its business operations while working with stakeholders on a restructuring solution [2]. - Ernst & Young Inc. has been appointed as the Monitor to oversee the restructuring process [2]. - GIP plans to evaluate alternatives, including potential recapitalization and transaction processes, while maintaining current staff and operations without interruption [2][14]. Legal Proceedings - The Initial Order includes a stay of proceedings, preventing creditors from enforcing remedies during the restructuring period [3]. - The company will continue to pay employees and operating expenses, supply customers, and maintain relationships with key suppliers during this time [14]. Company Background - GIP focuses on sustainable energy solutions, specifically renewable natural gas (RNG) and bioenergy projects, while also engaging in waste reduction and emissions lowering initiatives [6]. - The company operates facilities for water and solids treatment and recycling in Canada, as well as a solids recycling business in the United States [6].