Debtor-In-Possession (DIP) Financing under the CCAA

Summary

This practice note provides an overview of the nature and super priority of debtor-in-possession (“DIP”) financing in the context of restructuring proceedings under the Companies’ Creditors Arrangement Act. It identifies situations where additional DIP financing may be required and statutory limits on the use of DIP financing — Robin Schwill, Davies Ward Phillips and Vineberg LLP and Dina Milivojevic, Pallett Valo LLP.