In the Matter of a Plan of Compromise or Arrangement of 3329003 Canada Inc., Megabus Canada Inc. et al.

18 June 2024

Recognition of foreign proceeding – American proceedings were foreign main proceedings, and centre of main interests was in U.S. — All operations conducted on highly integrated basis, and corporate decisions carried out in America – DIP Facility secured by DIP Charge structured as a “creeping roll-up”