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eNews – Rocky Mountain Seeks Protection to Restructure Under CCAA
May 3, 2025 - Rocky Mountain Bicycles announced in Dec. that it filed an application with the Superior Court of Quebec (Commercial Division) (the “Court”) for Court protection under the Companies’ Creditors Arrangement Act (CCAA) — similar to Chapter 11 in the USA — with nearly $70 million in debt.
Despite strong demand for its bikes during the pandemic, it struggled to secure supplies due to shortages and rising costs. Once the pandemic was over, a sharp drop in selling prices forced Rocky Mountain to initiate restructuring procedures, launch the Sale and Investment Solicitation Process (SISP), and request the court to appoint Ernst & Young to act as Monitor under the CCAA.
