sur Findev Inc. (CVE:FDI)
Findev Inc. Initiates CCAA Proceedings for 1682 Victoria Park Avenue
On July 17, 2026, 1682 Victoria Park Avenue Inc. was granted protection under the Companies' Creditors Arrangement Act by the Ontario Superior Court of Justice. This motion allows them a stay of proceedings until July 24, 2026, with potential extensions. Findev Lending Inc., a subsidiary of Findev Inc., is the creditor involved. The outstanding loans stand at approximately $18.5 million, with a credit loss reserve of $8.7 million.
Findev is analyzing the CCAA impact on their financials, preparing to update second quarter materials accordingly. In parallel, Helmsbridge Holdings is offering financing to support 1682 Victoria Park amidst these proceedings, with Findev agreeing to subordinate its security interests.
The court-supervised Helmsbridge Financing aims to safeguard the project and bolster Findev's prospects for recovery.
R. P.
Copyright © 2026 FinanzWire, tous droits de reproduction et de représentation réservés.
Clause de non responsabilité : bien que puisées aux meilleures sources, les informations et analyses diffusées par FinanzWire sont fournies à titre indicatif et ne constituent en aucune manière une incitation à prendre position sur les marchés financiers.
Cliquez ici pour consulter le communiqué de presse ayant servi de base à la rédaction de cette brève
Voir toutes les actualités de Findev Inc.