Accuride Canada Inc.
CCAA
Page last updated: October 16, 2024
This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
Status of File as of October 10, 2024
On October 10, 2024 (the “Filing Date”), Accuride Canada Inc. (the “Applicant” or the “Company”) applied for and received an order (the “Initial Order”) for protection pursuant to the Companies’ Creditors Arrangement Act R.S.C.1985, c.C-36, as amended (the “CCAA Proceeding”) from the Ontario Superior Court of Justice (Commercial List) (the “Court”).
The Initial Order, among other things:
- Appointed PricewaterhouseCoopers Inc., LIT (”PwC”) as monitor of the Company (the “Monitor”);
- Approved a stay of proceedings up to and including October 20, 2024 (“Stay Period”), which applies against the Company or the Monitor, or any of their respective employees and representatives, any of the former, current or future directors or officers of the Company and the Company’s Property and Business (as defined in the Initial Order); and
- Approved the Administration Charge, Directors’ Charge and Intercompany Charge (each as defined in the Initial Order) against the Property of the Company.
The Initial Order and other related court filings are available at the links above.
The Court has scheduled a comeback hearing on October 18, 2024 (the “Comeback Hearing”). Further details regarding the Comeback Hearing will be posted on this website as they become available.
Any inquiries from customers, vendors, employees or other stakeholders regarding the CCAA Proceedings can be directed to the Monitor at ca_accuridecanada@pwc.com.
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