Colabor Group Inc. Obtains Creditor Protection Under CCAA and Announces the Appointments of Mr. Marc-Antoine Daoust as Chief Financial Officer and Mr. Yanick Blanchard as Chief Restructuring Officer

Executive Summary

• The Superior Court of Quebec granted Colabor Group Inc. and several subsidiaries protection under the Companies’ Creditors Arrangement Act (CCAA) and appointed Raymond Chabot Inc. as monitor.
• A debtor‑in‑possession (“DIP”) financing facility was approved, funded by TD Bank, BMO and Scotiabank, to support operations and a sale/investment solicitation process (SISP).
• Marc‑Antoine Daoust has been appointed Chief Financial Officer; Yanick Blanchard will serve as Chief Restructuring Officer.

Key Details

• Court Order: Initial CCAA order provides a stay of creditor claims, stays contractual rights, and authorizes DIP financing.
• Monitor Appointment: Raymond Chabot Inc. named monitor to oversee restructuring and report to the Court.
• DIP Financing: Secured super‑priority interim credit facility from TD Bank, BMO, and Scotiabank; proceeds will fund the SISP and ongoing operations pending court approval of conditions.
• SISP Approval: Court approved a Sale & Investment Solicitation Process allowing parties to submit proposals for the Company’s assets or businesses.
• Management Changes: Marc‑Antoine Daoust appointed CFO (previously VP Finance); Yanick Blanchard transitions from interim CFO to Chief Restructuring Officer.
• Operational Continuity: Day‑to‑day management remains with existing team under monitor oversight.
• Disclosure Access: Initial order and subsequent monitor reports will be posted on Raymond Chabot’s website (https://www.raymondchabot.com/en/business/public-records/colabor).

Notable Quotes

“The appointment of a monitor and the approval of DIP financing are critical steps that provide us with the liquidity needed to continue operations while we evaluate strategic alternatives for our businesses,” – Marc‑Antoine Daoust, Chief Financial Officer.