Post by
sergio2go on Sep 26, 2023 1:30pm
Is Timbercreek out of the woods?
It may be the case regarding it's situation with le Goupe Huot. It looks like a final deal with a new investor will allow creditors to be refunded. This is quite a relief and on top of that, the hole situation was dealt very quickly. Let's move on now...
Comment by
MyHoneyPot on Oct 04, 2023 10:24am
Is this a done deal, and where can i see information regarding this?
Comment by
sergio2go on Oct 04, 2023 4:20pm
Was published in Le Journal de Qubec on September 26.
Comment by
MyHoneyPot on Oct 06, 2023 10:40am
I saw that all the mortages were first mortages on the building except 3 million dollars. Does anyone know if the buyout off was accepted by the lending group. Thanks IMHO
Comment by
sergio2go on Oct 06, 2023 12:44pm
All lenders agreed on a proposal in principal. Although, that proposal was not detailed and received as a firm proposal. We are still waiting for a final and official offer. That beeing said, there is another group of investers that were interested in buying back assets of le Groupe Huot but that offer was not considered...so far.
Comment by
sergio2go on Oct 07, 2023 8:44am
October the 18th is the date settle to resume the process of the takeover in court. We should have detailled infos by then. Source Le Journal de Montreal.
Comment by
MyHoneyPot on Oct 09, 2023 6:38pm
Please keep us up to date on the board...
Comment by
MyHoneyPot on Nov 17, 2023 10:05pm
May of been resolved on friday, did they go to court? IMHO
Comment by
MyHoneyPot on Nov 18, 2023 1:19pm
I read that they were in court on Wednesday, and the ruling could of happened ast friday? It looks like it is dealt with! IMHO