The company said it\u0027s no longer seeking protection under the Companies\u0027 Creditors Arrangement Act after reaching agreements with its lenders
The company said in a Friday statement that all lenders who have filed foreclosure petitions have adjourned their hearings.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc.
, which has 16 real estate projects that are mostly in Vancouver, filed for creditor protection on Feb. 6., owed about $700 million on its projects and was seeking breathing room via CCAA proceedings so it could make arrangements with its lenders.to remove several properties from its initial creditor protection application, but six properties remained part of the proceeding.
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