Yatsen Group of Companies Inc., et al

20 Sep 2021

#Order

Sanction Order (September 20, 2021) — Plan sanction / final order

14 Sep 2021

#Filing

Factum of the Applicants returnable September 20, 20214 — Factum / brief

10 Sep 2021

#Report

The officer filed report no. Sixth Report. The Applicants, having obtained creditor approval of their CCAA Plan at the September 9, 2021 meeting, are seeking court sanction and an extension of the stay to implement the Plan and terminate the CCAA proceedings; they continue to have negligible cash on hand, with rent obligations paid directly by Individual Opcos/franchisees and professional fees funded via draws on the DIP Facility.

Source: Sixth Report of the Monitor

10 Sep 2021

#Filing

Supplemental Affidavit of Joseph McCullagh sworn September 10, 2021 — Affidavit

1 Sep 2021

#Filing

Motion Record returnable September 20, 2021 — Application / notice of application

5 Aug 2021

#Claims

D&O Proof of Claim Instruction Letter — Proof of claim (blank form)

5 Aug 2021

#Claims

Notice of Meeting of Creditors — Notice to creditors

5 Aug 2021

#Claims

Proof of Claim Instruction Letter — Proof of claim (blank form)

4 Aug 2021

#Claims

Claims Procedure Order (August 4, 2021) — Claims procedure order

4 Aug 2021

#Claims

Meeting Order (August 4, 2021) — Meeting order

30 Jul 2021

#Filing

Affidavit of Joseph McCullagh sworn July 30, 2021 — Affidavit

30 Jul 2021

#Filing

Factum of the Applicants returnable August 4, 2021 — Factum / brief

29 Jul 2021

#Report

The officer filed report no. Fifth Report. The Applicants have no employees and no operating cash flow of their own; rent obligations continue to be paid directly to landlords by Individual Opcos and franchisees, while the Applicants pursue lease terminations/amendments and a Plan of Compromise and Arrangement with landlords.

Source: Fifth Report of the Monitor

29 Jul 2021

#Filing

Motion Record returnable August 4, 2021 — Application / notice of application

21 Jul 2021

#Order

Stay Extension Order - July 21, 2021 — Order (other)

19 Jul 2021

#Filing

Factum returnable July 21, 2021 — Factum / brief

16 Jul 2021

#Report

The officer filed report no. Fourth Report of the Monitor. The Applicants continue operating their restaurant business while negotiating lease amendments with landlords and disclaiming unsustainable leases, with rent for ongoing leases continuing to be paid by Individual Opcos.

Source: Fourth Report of the Monitor

15 Jul 2021

#Filing

Motion Record returnable July 21, 2021 — Application / notice of application

25 Jun 2021

#Order

Stay Extension Order - June 25, 2021 — Order (other)

21 Jun 2021

#Filing

Factum returnable June 25, 2021 — Factum / brief

18 Jun 2021

#Report

The officer filed report no. Third Report of the Monitor.

Source: Third Report of the Monitor

17 Jun 2021

#Filing

Motion Record returnable June 25, 2021 — Application / notice of application

20 May 2021

#Filing

Master Service List — Service list

#Filing

Factum of the Applicants returnable March 29, 2021 — Factum / brief

#Order

Handwritten Endorsement of Hainey J - March 29, 2021 — Endorsement / reasons

#Order

Settlement Approval Order - March 29, 2021 — Plan sanction / final order

#Order

Stay Extension Order - March 29, 2021 — Order (other)

#Order

Unofficial Transcript of Endorsement of Hainey J - March 29, 2021 — Endorsement / reasons

22 Mar 2021

#Report

The officer filed report no. Second Report of the Monitor. The Applicants continue operating their restaurant locations while negotiating lease amendments with landlords, having disclaimed 27 leases and vacated most of those and other expired locations; rent continues to be paid by Individual Opcos/franchisees on the Applicants' behalf.

Source: Second Report of the Monitor

22 Mar 2021

#Filing

Motion Record returnable March 29, 2021 — Application / notice of application

2 Feb 2021

#Order

The stay of proceedings was extended. Court file CV-21-00655505-00CL.

Source: Amended and Restated Order

29 Jan 2021

#Report

First Report of the Monitor — Court officer report

29 Jan 2021

#Filing

Motion Record returnable February 2, 2021 — Application / notice of application

#Order

The Ontario Superior Court of Justice granted an initial order under the Companies' Creditors Arrangement Act on Monday, January 25, 2021, appointing Alvarez & Marsal Canada Inc. as monitor.

Source: Initial Order dated January 25, 2021 (certified)

#Filing

Application Record returnable January 25, 2021 — Application / notice of application

#Claims

D&O Claims Form — Proof of claim (blank form)

#Order

Handwritten Endorsement of Hainey J — Endorsement / reasons

#Claims

Notice of Dispute of Claim — Notice of dispute (claims)

24 Jan 2021

#Report

Pre-Filing Report — Pre-filing report

Undated filings2 — no date appears on the document · show

—

Filing

Book of Authorities of the Applicants — Application filed

—

Filing

E-Service List — Application filed

Parties

Debtor

Yatsen Group of Companies Inc., et al

Monitor

Alvarez & Marsal

Bench and counselPer the orders and service lists on the record

Bench

Judge	Court	On this docket	Cases on record
Justice Hainey	Ontario Superior Court of Justice	3 orders, Jan 2021 – Mar 2021	211 cases on record
Justice Koehnen	Ontario Superior Court of Justice	2 orders, Aug 2021	83 cases on record

Counsel of record

Party	Counsel	First seen	Source
MonitorAlvarez & Marsal	Osler, Hoskin & Harcourt LLP	20 May 2021	Service list · 20 May 2021
ApplicantYatsen Group of Companies Inc., et al	Goodmans LLP	29 Mar 2021	Order · 29 Mar 2021
CreditorBrookfield Properties Retail Inc	Miller Thomson LLP	20 May 2021	Service list · 20 May 2021
CreditorCambridgeSide Galleria Associates Trust and New Westgate Mall LLC	Mirick, O'Connell Demallie & Lougee, LLP	20 May 2021	Service list · 20 May 2021
CreditorPence Group	Camelino Galessiere LLP	20 May 2021	Service list · 20 May 2021
CreditorReep-Rtl DTC VA LLC	Goodwin Procter LLP · Norton Rose Fulbright Canada LLP	20 May 2021	Service list · 20 May 2021
CreditorWells Fargo Bank, National Association	Blake, Cassels & Graydon LLP	20 May 2021	Service list · 20 May 2021
CreditorWestfield	Miller Thomson LLP	20 May 2021	Service list · 20 May 2021

Capital structureAs asserted in the filings

stated amounts, drawn to scale · for subscribers

#	Priority class	Creditor	Amount	Source
4	Secured	Wells Fargo Bank, National Association (as administrative agent, and lenders under the Wells Fargo Credit Facility) · in 5 casesSecured guarantee granted by YGC; facility limit US$70 million revolving credit facility, of which approximately US$50 million drawn as at December 31, 2020; security perfected by PPSA registration in Ontario — YGC's guarantee obligation is secured; Wells Fargo to be treated as unaffected creditor and its security ranks ahead of/senior to the proposed Administration Charge and DIP Lender's Charge; security opinion pending (counsel's view subject to customary qualifications, formal opinion to be prepared) — debtor: SAR Holdings Inc. (SHI, non-Applicant borrower); guaranteed by Edjar Food Group · as of 31 Dec 2020	$50M USD	First Report of the Monitor
4	Secured
8	Unsecured

2 more claims in 2 classes The stack holds Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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RecoveriesAs stated in the filings

Landlords: a distribution.Under the plan · implementedSixth Report of the Monitor · 10 Sep 2021

Class	Creditor	Claims	Recovery	Basis	Source
Landlord	Affected Landlord Creditors	—	of allowed claims	Under the planimplementedper the monitor	Sixth Report of the Monitor · 10 Sep 2021

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.

1 blurred figure above

The claims and what each class or creditor recovers — each as the filing states it, with its source.

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Fees and ratesAs stated in the filings

1 engagement · 1 firm — Osler, Hoskin & Harcourt LLP, 21 Jan – 8 Sep 2021Sixth Report of the Monitor · 10 Sep 2021

Firm	Period	Hours	Fees	Rates	Source
Osler, Hoskin & Harcourt LLPCounsel	21 Jan – 8 Sep 2021		—		Sixth Report of the Monitor · 10 Sep 2021

2 blurred figures above

What the firm billed — each as the filing states it, with its source.

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Estate financialsReported figures — never derived

Cumulative receipts

As at 18 Jun 2021Third Report of the Monitor

Cumulative disbursements

As at

Cash on hand

As at

Professional fees

As at

3 more reported figures

Each one as the filing states it, with its source.

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