John Risley’s CFFI gets green light for asset sale process amid $1.4-billion debt (opens original article in a new tab)

A Nova Scotia judge approved CFFI Ventures Inc.'s asset sale process to restructure $1.4 billion in debt, allowing the company to market its assets under court supervision.

• Nova Scotia judge approved CFFI Ventures Inc.'s asset sale process to restructure $1.4 billion debt
• Judge ruled further delays would harm stakeholders and supported the court-supervised sales process
• CFFI's debt includes $1 billion owed to HPS Investment Partners and operates under the Companies’ Creditors Arrangement Act
• SFPC Quantum LP opposed the sale process, preferring a separate standalone approach but was overruled