Canadian Trucking Biz Nears Consensus On US DIP Approval

By Ben Zigterman · April 16, 2024, 8:59 PM EDT

At a hearing on Tuesday in Delaware bankruptcy court, Canadian trucking company Pride Group appeared to reach a consensus with certain creditors that will allow it to gain provisional approval of...

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Bankruptcy Scorecard

Summary

Canadian truck dealer Pride Group on April 1 asked a Delaware judge for U.S. recognition of its Canadian insolvency proceedings as it faces a more than $90 million claim from Mitsubishi over an alleged loan default.

Case Number

1:24-bk-10632

Judge

Craig Goldblatt

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

Total Liabilities:

$600 million

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Related Sections

Case Information

Case Title

Pride Group Holdings Inc.

Case Number

1:24-bk-10632

Court

Delaware

Nature of Suit

Date Filed

April 01, 2024

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