Southern Pacific Resource Corp. et al
FollowClosed
- Proceeding
- Receivership (court-appointed)BIA s. 243 / prov. Judicature Acts
Proceedings AIAsk this case — answers cite the filings
Case updates8 dated entries
5 earlier updates, back to 13 May 2022 — subscribers.
Parties
Debtor
Southern Pacific Resource Corp. et al
Receiver
PwC
Capital structureAs asserted in the filings
| Priority class | Creditor | Amount | Source |
|---|---|---|---|
| Secured | First Lien Lenders (First Lien Term Loan, administered by Credit Suisse AG, Cayman Islands Branch / successor 2276736 Alberta Ltd.) · in 6 casesAs of the affidavit (May 4, 2022), principal amount currently owing, excluding interest and advisor fees — First ranking security interest on all present and future assets of the Borrower; original facility amount USD $136.2 million (CAD $150 million); guaranteed by subsidiaries — Floor/'in excess of' figure per affidavit para 6; does not include interest or advisor fees which would also be owing; 227 AB acquired 99.29% of unpaid principal via assignment from 17 of 18 lenders; gross distributions of CAD $14,879,705 received in prior CCAA/receivership proceedings — debtor: Southern Pacific Reso | $120M USD | Affidavit of Torey Celinskis sworn on May 4, 2022 |
RecoveriesAs stated in the filings
Closed · the record states no distribution outcome.
Estate financialsReported figures — never derived
The debtor’s own statement of its total assets and liabilities at filing is in the record — Subscribers
Documents8 filings
| Date | Document | File |
|---|---|---|
| Filed Approval and Reverse Vesting Order | PDF · Subscribers | |
| Filed Order for Final Distribution, Approval of Receiver's Fees and Disbursements, Approval of Receiver's Activities and Discharge of Receiver | PDF · Subscribers | |
| Filed Receivership Order | PDF · Subscribers | |
| Southern Pacific et al Receivership Order Filed May 13 2022 | PDF · Subscribers | |
| Brief of the Applicant | PDF · Subscribers | |
| Proposed Receiver's Report | PDF · Subscribers | |
Affidavit of Torey Celinskis sworn on May 4, 2022
| PDF · Subscribers | |
| Application (Appointment of Receiver and Manager) | 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., “Southern Pacific Resource Corp. et al” (Receivership (court-appointed)), Court of King's Bench of Alberta. Retrieved 20 September 2026, https://proceedings.ca/case/southern-pacific-resource-corp-et-al