Alberta · CCAA
Application dated February 12, 2025
Application / notice of application · 12 February 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: FOUR20, in consultation with the Monitor, developed the Plan to, among other things, effect a transaction whereby (i) FOUR20 will borrow a pool of cash consideration which, along with cash consideration contributed by FOUR20, will be used to satisfy in full the creditors of 420 OpCo and Green Rock, provided the Landlord Claims (as defined below) are calculated pursuant to subsection 65.2(4) of the BIA; · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: debtor · class label: creditors of 420 OpCo and Green Rock · interim final: unstated · conditional on: provided the Landlord Claims are calculated pursuant to subsection 65.2(4) of the BIA · claims qualifier: unstated; basis: plan · quote: (ii) Stoke Canada Finance Corp., the senior secured lender at the 420 OpCo level, will be satisfied in full · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Stoke Canada Finance Corp. · creditor name: Stoke Canada Finance Corp. · interim final: unstated · claims qualifier: unstated · table missing: