Quebec · CCAA
Fifth Report to the Court submitted by Deloitte Restructuring Inc. in its capacity of Monitor
Court officer report · 26 May 2022
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 filing4 verified · 1 withheld
- process resultsbids: 0 · lois: 1 · note: approximately 160 potential investors solicited during Phase 2; single LOI submitted by Shareholder Bidder in Phase 1; no Binding Offer received by Phase 2 Bid Deadline · as of: 2022-05-11 · solicited: 160 · qualified bids: 1
- purchaserOMF Fund II H Ltd.; Investissement Québec
- recovery outcomeentries: basis: liquidation_alternative · quote: Notably, the Monitor is of the view that creditors who will suffer a shortfall following the Purchase Agreement would not obtain any greater recovery in a sale in bankruptcy. · pct of: unstated · outcome: shortfall · class key: unsecured · stated by: monitor · class label: creditors who will suffer a shortfall following the Purchase Agreement · interim final: unstated · claims qualifier: unstated · table missing:
- stalking horseOrion and IQ (100000000)
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.