Colabor Group to ask Quebec Superior Court for CCAA protection [Globe and Mail, The (Toronto, Canada)]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: Globe and Mail, The
Ryan Remiorz/The Canadian Press The company says it will ask the Superior Court of Quebec for an initial order today. In its application for an initial order, Colabor is seeking approval of a formal sale and investment solicitation process. It is also asking for authorization of an interim debtor-in-possession financing to be provided by Toronto-Dominion Bank, Bank of Montreal and Scotiabank. Approval is being sought for the appointment of Raymond Chabot Inc. as monitor to oversee the CCAA proceedings. Sign up for our new Business Brief newsletter. A daily look at the most important business stories that are making news and moving markets, written by Chris Wilson-Smith
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