Deans Knight funds debtor-in-possession (“DIP”) loan for Eve & Co.
Deans Knight Capital Management Ltd. (“Deans Knight”) is pleased to announce it has funded a debtor-in-possession (“DIP”) loan for Eve & Co. (“the Company”). Proceeds will be used to fund the Company’s cash flow requirements during a sale and investment solicitation process being conducted in connection with the March 25th filing for creditor protection under the Companies’ Creditor Arrangement Act.
Deans Knight CEO Steve Conway commented, “We are pleased to support the management of Eve & Co. as the Company explores options for the future.”
Conway continued, “We are working to increase our presence in the Canadian DIP financing market. These transactions require speed, creativity, and certainty — clear areas of differentiation for our team. DIP loan transactions benefit from protections provided by the court process and often result in a very favorable risk/reward profile.”