This just in:
Mississauga-based Walgre Transport Inc. and affiliate 2793309 Ontario Ltd. have transitioned their restructuring from the BIA to the CCAA after months of operational fixes and cost reductions under creditor protection. Facing liquidity pressure, loan defaults, and industry headwinds in the trucking sector, the companies are now pursuing a plan of compromise or sale under Grant Thornton’s continued oversight, now as monitor, supported by a $2 million DIP from Blue Dot Americas and coordinated Chapter 15 recognition in the US. Counsel is Bennett Jones and Vogel Law Firm for the companies, Dentons for the DIP lender, and Chaitons for the monitor. Read the full story. |