Parties
Company
Pluribus Technologies Corp.
Company
B. Riley Farber
Company
DIP lender
Bank
National Bank of Canada
Company
Directors
Pluribus Technologies Corp. (TSXV:PLRB) obtained CCAA protection on December 17, 2024, after defaulting on its National Bank credit agreement. A strategic review led by Canaccord Genuity Corp. resulted in two asset sales, repaying over $12 million, but $10.3 million and US$0.9 million remained due when forbearance ended on November 29, 2024. Facing a liquidity crisis, Pluribus sought CCAA to restructure and implement a Sale and Investment Solicitation Process (SISP). Evergreen Gap Debt GP is providing a DIP loan, with B. Riley Farber as monitor. Legal counsel includes Miller Thomson (companies), Aird & Berlis (monitor), Cassels (DIP lender), TGF (National Bank), and Chaitons (directors).
Deal Type
OtherIndustry
Tech/Computer/ITTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date