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CFFI Ventures sold jets and art to manage $776M debt from a ballooning loan, with a court decision pending on transferring assets to a creditor-led firm.
John Risley’s firm CFFI Ventures sold jets and $4.1 million in art to cope with a debt that ballooned from a $250 million loan to over $776 million due to rising interest rates, court documents show.
The loan’s rate surged to 28% by September 2025 after missed payments, prompting the 2024 shutdown of CFFI’s aviation division.
CFFI proposes transferring its assets and debt to a new company led by creditor HPS Investment Partners, with Risley not listed as a director.
A Nova Scotia court is set to rule on the plan in April.
CFFI also disputes a $331 million tax assessment from Canada’s revenue agency.
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CFFI Ventures vendió aviones y arte para administrar una deuda de 776 millones de dólares de un préstamo creciente, con una decisión judicial pendiente sobre la transferencia de activos a una empresa dirigida por acreedores.