Cinram
Follow- Proceeding
- CCAACCAA
- File
- CV12-9767-00CL
Cinram International Inc. and related CCAA Parties have been under Companies' Creditors Arrangement Act protection in the Ontario Superior Court of Justice since June 25, 2012, and the proceedings remain active. The case has been organised around a Sale Transaction whose purchase price is insufficient to repay the indebtedness under the First Lien Credit Agreement. A Steering Committee representing about 40% of the loans under that agreement entered support agreements, and as at July 6, 2012 holders of a further roughly 24% of the indebtedness had agreed to support the Sale Transaction. The related Share Purchase Offer is conditional on the cancellation or termination of the debt obligations and guarantees owing to the first and second lien lenders, including second lien security over Cinram's European entities, and on release of the related security. The Monitor's counsel is to complete its review of the First Lien Lenders' security before a distribution motion is brought.
Motion returnable September 2, 2015 for an Order extending the Stay of Proceedings until December 4, 2015. — Application / notice of application
Motion for an order extending the Stay Period until September 4, 2015 — Application / notice of application
Motion Record (Equipment Sale Approval and Vesting Order Returnable April 10, 2013 — Approval and vesting order
Motion Record (Administrative Reserve/Distribution/Transition Order Returnable October 19, 2012) — Application / notice of application
Motion Record: (Appointment Order Returnable October 19, 2012) — Application / notice of application
Motion Record of the Ad Hoc Committee of Former Canadian Cinram Employees (part 1 of 2). — Application / notice of application
Motion Record of the Ad Hoc Committee of Former Canadian Cinram Employees (part 2 of 2). — Application / notice of application
Motion Record of the Applicants for the Stay Extension Motion Returnable (September 13, 2012) — Application / notice of application
The Applicants make a motion for an order for assigning the rights and obligations of Cinram International Inc. under certain contracts to the Purchaser — Application / notice of application
Motion Record (Stay Extension Motion Returnable July 12, 2012) — Application / notice of application
Initial Order granting CCAA protection to the CCAA Entities until July 25, 2012 — Initial order
Debtor
Cinram
Monitor
FTI
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Morawetz | Ontario Superior Court of Justice | 4 orders, Jun 2012 – Oct 2014 | 130 cases on record |
| Justice Newbould | Ontario Superior Court of Justice | 2 orders, Aug 2012 – Sep 2012 | 100 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorFTI | Stikeman Elliott LLP | 21 Aug 2015 | Service list · 21 Aug 2015 |
| ApplicantCinram | Goodmans LLP · GOODiVIANS LLP · CirOODMANS LLP | 12 Jul 2012 | Order · 19 Oct 2012 |
| Foreign representative | Young Conaway Stargatt & Taylor LLP | 26 Jun 2012 | Service list · 26 Jun 2012 |
| CreditorJPMorgan Chase N.A., as Administrative Agent | Blake, Cassels & Graydon LLP | 21 Aug 2015 | Service list · 21 Aug 2015 |
| CreditorTwentieth Century Fox Home Entertainment | Osler, Hoskin & Harcourt LLP | 21 Aug 2015 | Service list · 21 Aug 2015 |
| CreditorUS Industrial REIT II | Gowling Lafleur Henderson LLP (now Gowling WLG (Canada) LLP) | 21 Aug 2015 | Service list · 21 Aug 2015 |
| CreditorWarner-Elektra- Atlantic Corporation | Osler, Hoskin & Harcourt LLP | 21 Aug 2015 | Service list · 21 Aug 2015 |
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | First Lien Lenders (First Lien Credit Agreement) · in 6 casesFirst Lien Credit Agreement security; purchase price under Sale Transaction insufficient to repay this debt — Steering Committee representing ~40% of loans under First Lien Credit Agreement entered support agreements; as at July 6, 2012 an additional ~24% of indebtedness had agreed to support the Sale Transaction; Monitor's counsel to complete review of First Lien Lenders' security prior to distribution motion; amount not stated in these pages — debtor: Cinram International Inc. and related CCAA Parties | — | First Report of The Monitor |
| Secured | Second Lien Lenders · in 3 casesSecond lien security over European entities; Share Purchase Offer conditional on cancellation/termination of debt obligations and guarantees to first and second lien lenders and release of related security — Amount not stated in these pages — debtor: Cinram's European entities | — | First Report of The Monitor |
“not stated” means the record names the claim without a figure; “—” means not in the extracted record.
Secured creditors: $98.7M. First Lien Lenders $94.8M · JPMorgan Chase, N.A. $1.4M.FinalEighteenth Report of the Monitor · 26 Aug 2015
| Class | Creditor | Claims | Recovery | Basis | Source |
|---|---|---|---|---|---|
| Secured | First Lien Lenders | — | $98.7Minterimcumulative | Finalper the monitor | Eighteenth Report of the Monitor · 26 Aug 2015 |
| Secured | First Lien Administrative Agent on behalf of the First Lien Lenders | — | $81M | Finalper the monitor | Tenth Report of The Monitor · 25 Oct 2013 |
| Secured | First Lien Lenders | — | $94.8Mcumulative | Finalper the monitor | Fourteenth Report of the Monitor · 8 Oct 2014 |
| SecuredFirst Lien Lenders | JPMorgan Chase, N.A. | — | $1.4Minterim | Finalper the monitor | Eighteenth Report of the Monitor · 26 Aug 2015 |
| Secured | Pre-Petition First Lien Agent on behalf of the Pre-Petition First Lien Lenders | — | $1.4Minterim | Finalper the debtor | Motion returnable September 2, 2015 for an Order extending the Stay of… · 26 Aug 2015 |
Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.
2 engagements · 1 firm — latest: FTI Consulting Canada Inc., 1 Sep 2013 – 1 Oct 2014, $2,300.00 soughtFourteenth Report of the Monitor · 8 Oct 2014
| Firm | Period | Hours | Fees | Rates | Source | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FTI Consulting Canada Inc.Receiverperiod 2 of 2 | 1 Sep 2013 – 1 Oct 2014Sought | 5.5 | $2,300.00ex. tax | $175 – $7102 people | Fourteenth Report of the Monitor · 8 Oct 2014 | |||||||||||||||
2 people — FTI Consulting Canada Inc., 1 Sep 2013 – 1 Oct 2014
| ||||||||||||||||||||
| FTI Consulting Canada Inc.Receiverperiod 1 of 2 | to 31 Aug 2014 | 5.5 | $2,070.00ex. tax | $175 – $7102 people | Fourteenth Report of the Monitor · 8 Oct 2014 | |||||||||||||||
2 people — FTI Consulting Canada Inc., to 31 Aug 2014
| ||||||||||||||||||||
| Date | Document | File |
|---|---|---|
| Endorsement | ||
| Order | ||
| Nineteenth Report of the Monitor | ||
Motion Record
| ||
Eighteenth Report of the Monitor
| ||
Motion returnable September 2, 2015 for an Order extending the Stay of Proceedings until December 4, 2015.
| ||
Service List
| ||
| Notice | ||
| Factum of the Applicants | ||
| Motion Record (returnable July 31, 2015) | ||
| Seventeenth Report of the Monitor | ||
Sixteenth Report of the Monitor
| ||
Motion for an order extending the Stay Period until September 4, 2015
| ||
Fifteenth Report of the Monitor
| ||
| Motion Returnable December 2, 2014 re Stay Extension | ||
Receivership Discharge Order
| ||
Fourteenth Report of the Monitor
| ||
| Motion Record (returnable October 15, 2014) | ||
Thirteenth Report of The Monitor
| ||
| Motion Record (returnable May 30, 2014) | ||
| Motion Record (Returnable April 2, 2014) | ||
| Twelfth Report of The Monitor | ||
| Eleventh Report of The Monitor | ||
| Motion Record (Returnable Dec 5, 2013) | ||
Tenth Report of The Monitor
| ||
| Ninth Report of The Monitor | ||
| Motion Record (Returnable June 26, 2013) | ||
| Endorsement of J. Mesbur | ||
| Equipment Sale Approval and Vesting Order | ||
| Factum of the Applicants with respect to a Motion returnable April 10, 2013 | ||
| Eighth Report of the Monitor | ||
| Motion Record (Equipment Sale Approval and Vesting Order Returnable April 10, 2013 | ||
| Seventh Report of The Monitor | ||
| Motion Record (Returnable January 21, 2013) | ||
| Sixth Report of the Monitor | ||
| Fifth Report of The Monitor | ||
Appointment Order
| ||
Distribution Order
| ||
Endorsement re: Appointment Order
| ||
| Endorsement re: Distribution Order | ||
| Fourth Report of the Monitor | ||
| Motion Record (Administrative Reserve/Distribution/Transition Order Returnable October 19, 2012) | ||
| Motion Record: (Appointment Order Returnable October 19, 2012) | ||
Order - Stay Extension Approved
| ||
| Motion Record of the Ad Hoc Committee of Former Canadian Cinram Employees (part 1 of 2). | ||
| Motion Record of the Ad Hoc Committee of Former Canadian Cinram Employees (part 2 of 2). | ||
| Motion Record of the Applicants for the Stay Extension Motion Returnable (September 13, 2012) | ||
| Third Report of the Monitor | ||
| Listed Closing Assigned Contracts | ||
Order (Assignment of Contracts)
| ||
| Second Report of the Monitor | ||
| The Applicants make a motion for an order for assigning the rights and obligations of Cinram International Inc. under certain contracts to the Purchaser | ||
| Approval and Vesting Order | ||
Endorsement (Sale Approval) dated July 12, 2012
| ||
Endorsement (Stay Extension) dated July 12, 2012
| ||
| Motion Record (Stay Extension Motion Returnable July 12, 2012) | ||
First Report of The Monitor
| ||
Documents for Service
| ||
| Notice to Creditors | ||
| Supplier FAQ's (Canadian Operations) | ||
| Supplier FAQ's (U.S. Operations) | ||
| Endorsement of the Initial Order | ||
| Initial Application Record | ||
Initial Order granting CCAA protection to the CCAA Entities until July 25, 2012
| ||
| Known Creditor Listing | ||
| Motion Record, returnable July 12, 2012 | ||
| Pre-filing Report of the Proposed Monitor | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Cinram” (CCAA), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/cinram