Brief: Taiga Obtains Interim Dip Facility And Interim Order For Creditor Protection Under Ccaa To Pursue A Restructuring And Sisp Process

Taiga Motors

10/07/2024 18:33

July 10 (Reuters) - Taiga Motors Corp  TAIG.TO :
    * TAIGA OBTAINS INTERIM DIP FACILITY AND INTERIM ORDER FOR
CREDITOR PROTECTION UNDER CCAA TO PURSUE A RESTRUCTURING AND
SISP PROCESS
    * TAIGA MOTORS CORP - ANTICIPATED THAT TORONTO STOCK
EXCHANGE WILL
PLACE COMPANY UNDER DELISTING REVIEW
    * TAIGA MOTORS CORP: DIP FACILITY CONSISTS OF A
NON-REVOLVING
MULTIPLE DRAW CREDIT FACILITY OF UP TO MAXIMUM AMOUNT OF $4.4
MILLION
    * TAIGA MOTORS CORP - WILL BE RETURNING BEFORE COURT SHORTLY
IN
ORDER TO SEEK ISSUANCE BY COURT OF AN AMENDED AND RESTATED
INITIAL ORDER
    * TAIGA MOTORS CORP - ISSUANCE BY COURT OF AN AMENDED AND
RESTATED
INITIAL ORDER, EXPECTED TO PROVIDE FOR AN EXTENSION OF STAY
PERIOD UNTIL OCTOBER 4

Source text for Eikon:  ID:nCNWMN2YXa 
Further company coverage:  TAIG.TO 

 ((Reuters.Briefs@thomsonreuters.com;))