Our Toronto office represented KSV Restructuring Inc., as court-appointed monitor, in the Companies’ Creditors Arrangement Act proceedings of Norwood Sawmills, a manufacturer of outdoor sawmill equipment. At the time of filing, Norwood had approximately $30 million in secured obligations owing to Monroe Capital.
Given the company’s significant liquidity constraints and cross-border operations, a pre-filing sale process was conducted. The transaction was approved and completed within the first few weeks of the proceedings.
This matter highlights our experience advising on complex, expedited restructurings and cross-border transactions.
The team was led by Jennifer Stam.