Ontario · Foreign recognition (CCAA)
First Report of the Information Officer (KPMG)
Court officer report · 22 February 2021
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What we verified from this filing5 verified
- cash on handnote: Cash on hand for ITC only, including balances held in ITC's accounts at SunTrust Bank pursuant to the Final Cash Management Order. · as at: 2021-02-12 · amount: 9100000 · currency: USD · qualifier: approximately
- operational summaryFollowing the closing of the Magris transaction on February 17, 2021, the Debtors, including ITC, no longer have any active operations or material assets in Canada or North America, and cash flows will now only be reported on a combined basis rather than at the entity level.
- recovery outcomeentries: basis: plan · quote: As further described below, holders of Allowed Unsecured Claims (Class 3a) against the Debtors, including the unsecured creditors of ITC, will be unimpaired and have their claims paid in full under the Plan. · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · class label: Class 3a (Allowed Unsecured Claims against the Debtors, including unsecured creditors of ITC) · interim final: unstated · claims qualifier: unstated · table missing:
- report date22 February 2021
- report noFirst Report