Quebec · CCAA
Supplemental report to the Fifty-Sixth report to the Court submitted by Deloitte Restructuring Inc. in its capacity as Monitor
Court officer report · 14 April 2021
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: Based on the actual distributions made as of March 21, 2017, as defined in the Newco Bond 5 Guarantee, the Monitor calculated that the value of the recovery of the Bond 5 Claim Holders is 57,63% of the Bond 5 Unsecured Claim, namely above 50%. · pct of: unstated · outcome: distribution · pct low: 57.63 · currency: CAD · pct high: 57.63 · class key: unsecured · stated by: monitor · class label: Bond 5 Claim Holders (as per the Newco Bond 5 Guarantee) · interim final: unstated · currency quote: The amounts of the claim and of the value of the distributions are denominated in Canadian dollars, as per article 9.8 of the HII/Shareco Plan. · claims qualifier: unstated; basis: actual · quote: Taking into account all the cash distributions made pursuant to the HII/Shareco Plan (from the Bond 5 Secured Claim Cash Payment, the Cash Pool, the Asset Realization Cash Pool, including the upcoming Final Distribution), the Geneba interim distribution to the holders of the Geneba shares and the cash recovered by the 2017 One-Time Cash Offer, the total recovery of a Bond 5 Claim Holder is approximately 52% of its Bond 5 Unsecured Claim. · pct of: unstated · outcome: distribution · pct low: 52 · pct high: 52 · class key: unsecured · stated by: monitor · cumulative: true · class label: Non-Electing Bond 5 Claim Holders · interim final: unstated · claims qualifier: unstated · stated on: 2021-04-13 · table missing: