Nelson Education Holdings Ltd.
FollowClosed
- Proceeding
- CCAACCAA
OverviewSummary updated
Nelson Education Holdings Ltd. commenced CCAA proceedings in the Ontario Superior Court of Justice on May 12, 2015, as guarantor of the secured debt of Nelson Education Ltd.; the proceedings are closed. As at May 11, 2015, the First Lien Lenders were owed US$268,753,930 plus accrued interest under a credit agreement that matured unpaid on July 3, 2014, and the Second Lien Lenders US$153,218,764 plus accrued interest, with no quarterly interest paid since March 31, 2014 and maturity set for July 3, 2015 — aggregate first and second lien debt with interest stated in excess of US$430 million (CAD$544 million). A sale and investment solicitation process yielded no value for the Second Lien Lenders. Unaudited figures for Nelson Education Ltd. at the entity level as at December 31, 2014 showed current assets of about $86.2 million against current liabilities of about $529.6 million.
Proceedings AIAsk this case — answers cite the filings
Case updates52 dated entries · 3 undated
49 earlier updates, back to 12 May 2015 — subscribers.
Undated filings3 — no date appears on the document · show
3 filings carry no date on their face — subscribers.
Parties
Debtor
Nelson Education Holdings Ltd.
Monitor
FTI
Bench and counselPer the orders and service lists on the record
Bench
| Judge | Court | On this docket | Cases on record |
|---|---|---|---|
| Justice Newbould | Ontario Superior Court of Justice | 14 orders, May 2015 – Dec 2015 | 100 cases on record |
Counsel of record
| Party | Counsel | First seen | Source |
|---|---|---|---|
| MonitorFTI | Norton Rose Fulbright Canada LLP | 10 Jul 2015 | Service list · 10 Jul 2015 |
| ApplicantNelson Education Holdings Ltd. | Goodmans LLP | 10 Jul 2015 | Service list · 10 Jul 2015 |
| CreditorRoyal Bank of Canada | Thornton Grout Finnigan LLP · Bennett Jones LLP | 28 May 2015 | Service list · 10 Jul 2015 |
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | First Lien Lenders (Royal Bank of Canada, as original Administrative/Collateral Agent, succeeded by Wilmington Trust, National Association) · in 6 casesas of date of this Report (May 11, 2015) — First-priority security over all or substantially all assets of Nelson Education and Nelson Holdings, including pledge of shares of Nelson Education; perfected by PPSA registration per Davies opinion — Plus accrued interest; First Lien Credit Agreement matured July 3, 2014, unpaid; aggregate first and second lien debt including accrued interest stated in excess of US$430 million (CAD$544 million) as at report date; interest/fees being paid in ordinary course — debtor: Nelson Education Ltd. (guaranteed by Nelson Education Holdings Ltd.) | $269M USD | Supplemental Report of the Monitor |
2 more claims across lower-ranking classesSubscribe to view
RecoveriesAs stated in the filings
Closed · the record states no distribution outcome.
Fees and ratesAs stated in the filings
2 engagements · 2 firms — latest: FTI Consulting Canada Inc., 29 May – 26 Jul 2015Motion Record (Approval of Fees and Activities · 4 Aug 2015
| Firm | Period | Hours | Fees | Rates | Source |
|---|---|---|---|---|---|
| FTI Consulting Canada Inc.Monitor | 29 May – 26 Jul 2015 | — | — | —4 people | Motion Record (Approval of Fees and Activities · 4 Aug 2015 |
| Norton Rose Fulbright Canada LLPCounsel to the monitor | 29 May – 26 Jul 2015 | — | — | —7 people | Motion Record (Approval of Fees and Activities · 4 Aug 2015 |
50 stated figures across 2 engagements, each sourcedSubscribe to view
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents
55 filings
| Date | Document | File |
|---|---|---|
6778666 Canada Ltd - Discharge Order
| PDF · Subscribers | |
| 6779565 Canada Ltd - Discharge Order | PDF · Subscribers | |
Endorsement of Justice Newbould
| PDF · Subscribers | |
| Endorsement re CCAA Termination | PDF · Subscribers | |
| Endorsement re Motion of Alvarez and Marsal | PDF · Subscribers | |
Order re CCAA Termination
| PDF · Subscribers | |
Order re Fee Approval December 15, 2015
| PDF · Subscribers | |
Order re Motion of Alvarez and Marsal
| PDF · Subscribers | |
Endorsement of Mr. Justice Newbould extending the stay of proceedings to September 30, 2015
| PDF · Subscribers | |
Order of Mr. Justice Newbould extending the stay of proceedings to September 30, 2015
| PDF · Subscribers | |
| Motion Record of the Applicants returnable September 29 2015 | PDF · Subscribers | |
| Fifth Report of the Monitor | PDF · Subscribers | |
Stay Extension Order until December 15th, 2015 granted by Justice Newbould
| PDF · Subscribers | |
Endorsement of Newbould J re extension of Stay Period to August 31, 2015
| PDF · Subscribers | |
| Fourth Report of the Monitor | PDF · Subscribers | |
| Motion Record of the Applicants to extend stay period to September 30, 2015 (returnable August 27, 2015) | PDF · Subscribers | |
Endorsement of Mr. Justice Newbould granted August 13, 2015 approving the fees and activities of the Monitor
| PDF · Subscribers | |
Order of Mr. Justice Newbould granted August 13, 2015 approving the fees and activities of the Monitor
| PDF · Subscribers | |
| Book of Authorities of the Applicants (Motions Returnable August 13, 2015) | PDF · Subscribers | |
| Book of Authorities of the Royal Bank of Canada (Motions Returnable August 13, 2015) | PDF · Subscribers | |
| Factum of the Applicants re RBC Motion (Motion Returnable August 13, 2015) | PDF · Subscribers | |
| Factum of the Applicants re Sale Approval Motion (Motion Returnable August 13, 2015) | PDF · Subscribers | |
| Factum of the First Lien Holders (Motions Returnable August 13, 2015) | PDF · Subscribers | |
| Factum of the Royal Bank of Canada (Motion Returnable August 13, 2015) | PDF · Subscribers | |
| First Lien Holders' Book of Authorities (Motions Returnable August 13, 2015) | PDF · Subscribers | |
| Applicants Transcript Brief - Vol I of II (Motion Returnable August 13, 2015) | PDF · Subscribers | |
| Applicants Transcript Brief - Vol II of II (Motion Returnable August 13, 2015) | PDF · Subscribers | |
| RBC Compendium of Documents (Motions Returnable August 13, 2015) | PDF · Subscribers | |
Motion Record (Approval of Fees and Activities, returnable August 13, 2015)
| PDF · Subscribers | |
| Responding Motion Record of First Lien Holders in connection with the motions returnable August 13, 2015 | PDF · Subscribers | |
| Responding Motion Record of RBC (re: Applicants' Sale Motion returnable on August 13, 2015) | PDF · Subscribers | |
Order re RBC Motion
| PDF · Subscribers | |
RBC Motion Record re Payment of Interest and Fees (returnable August 13, 2015)
| PDF · Subscribers | |
| Email Service List | PDF · Subscribers | |
Updated Service List
| PDF · Subscribers | |
Second Report of the Monitor
| PDF · Subscribers | |
| Third Report of the Monitor | PDF · Subscribers | |
| Motion record seeking extension of Stay Period to August 31, 2015 | PDF · Subscribers | |
Order granted June 29, 2015 extending the Stay Period to August 31, 2015
| PDF · Subscribers | |
| Endorsement | PDF · Subscribers | |
| First Report of the Monitor | PDF · Subscribers | |
| Amended and Restated Initial Order | PDF · Subscribers | |
| Compendium of the Applicants (Comeback Hearing Returnable May 29, 2015) in connection with hearing scheduled for August 13, 2015 | PDF · Subscribers | |
| Factum of the Applicants re (Comeback Hearing Returnable May 29, 2015) | PDF · Subscribers | |
Factum of the Royal Bank of Canada in connection with Comeback Hearing, Returnable May 29, 2015
| PDF · Subscribers | |
| Reply Compendium of the Applicants (Comeback Hearing Returnable May 29, 2015) in connection with hearing scheduled for August 13, 2015 | PDF · Subscribers | |
Supplemental Report of the Monitor
| PDF · Subscribers | |
| Endorsement of Initial CCAA Order | PDF · Subscribers | |
Original CCAA Order dated May 12, 2015
| PDF · Subscribers | |
| Approval and Vesting Order | PDF · Subscribers | |
| Factum of the Applicants (CCAA Aplication) | PDF · Subscribers | |
| Pre-filing Report of the Monitor dated May 11, 2015 | PDF · Subscribers | |
| Endorsement for replacement of the Monitor | PDF · Subscribers | |
Endorsement of Newbould J. re Sale Approval and RBC Motions heard August 13 and 27, 2015
| PDF · Subscribers | |
| Monitor's Certificate | PDF · Subscribers | |
Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.
CiteProceedings., “Nelson Education Holdings Ltd.” (CCAA), Ontario Superior Court of Justice. Retrieved 20 September 2026, https://proceedings.ca/case/nelson-education-ltd