Workflow
meat)
icon
Search documents
Colabor Group Inc. Announces Forbearance Agreements with Principal Lenders and Investissement Québec
Globenewswire· 2025-09-06 01:48
Core Viewpoint - Colabor Group Inc. has entered into forbearance agreements with its principal lenders and Investissement Québec to temporarily avoid defaults related to financial covenants for the third and fourth quarters of 2025 [1][2][3] Group 1: Forbearance Agreements - The forbearance agreements allow Colabor to avoid immediate financial penalties while it works on amendments to its credit facilities [2][3] - The forbearance period is effective until October 15, 2025, contingent on Colabor's compliance with specified financial and operational covenants [3] Group 2: Financial Position and Stability - The agreements provide Colabor with additional flexibility following a cybersecurity incident in July 2025, aimed at strengthening its financial position [4] - Colabor remains committed to normal operations and fulfilling obligations to customers and suppliers while implementing its business plan [4] Group 3: Company Overview - Colabor is a distributor and wholesaler of food products serving the hotel, restaurant, and institutional markets in Quebec and the Atlantic provinces [5]
Colabor Announces the Date of Its Second Quarter 2025 Results Conference Call
Globenewswire· 2025-07-21 12:52
Company Overview - Colabor Group Inc. is a distributor and wholesaler of food and related products serving the hotel, restaurant, and institutional markets (HRI) in Quebec and the Atlantic provinces, as well as the retail market [4]. Upcoming Financial Results - Colabor will release its results for the first quarter ended June 14, 2025, after market close on Thursday, July 24, 2025 [1]. - A conference call to discuss these results is scheduled for Friday, July 25, 2025, at 9:30 a.m. (Eastern Time) [1]. Conference Call Details - The conference call will be accessible via the Company's website under the Investors section [2]. - North-American participants can dial toll-free at 1-800-990-4777, while international participants can call 1-289-819-1299 or 1-514-400-3794 [2]. - A quick link for connection is provided: https://emportal.ink/4l7iHyQ [2]. Recording of Conference Call - A recording of the conference call will be available by calling toll-free in North America at 1-888-660-6345 or 1-289-819-1450, using the code 34320 [3]. - The recording will be accessible until August 1, 2025 [3].
Colabor Group Inc. Announces the Appointment of M. Yanick Blanchard as Interim Senior Vice-President and Chief Financial Officer
Globenewswire· 2025-07-17 12:39
Group 1 - Colabor Group Inc. has appointed Mr. Yanick Blanchard as Interim Senior Vice-President and Chief Financial Officer effective immediately [1] - Mr. Blanchard brings over 25 years of experience in corporate finance, previously serving as Executive Vice-President and Global Head of Corporate & Investment Banking at National Bank of Canada [3] - The company is actively searching for a permanent Chief Financial Officer to fill the position [4] Group 2 - Colabor operates as a distributor and wholesaler of food products, serving the hotel, restaurant, and institutional markets in Quebec and the Atlantic provinces [5] - The company offers a range of specialty food products, including fish, seafood, and meat, through its Broadline activities [5]