Ontario · CCAA
The purpose of this One Hundred and Fifty Fifth Report of the Monitor (the “Report”) is to provide this Court with the annual update on the progress of the continuing administration and wind-down of the Canadian Estate, including: (a) the ongoing implementation of the Plan, as contemplated by paragraph 54 of the Sanction Order of this Court dated January 24, 2017, and the status of distributions made to date; (b) the cash position of the Canadian Estate as at July 31, 2020; (c) an update on the claims resolution process, including the release of NNI’s claims in the Canadian Estate resulting in a reduction of the Canadian Estate’s aggregate claims pool by approximately $5.9 billion; (d) an update on other wind down activities of the Canadian Estate; and (e) an update relating to the IP Address sale process and transactions; and (f) future distribution(s) to creditors of the Canadian Estate
Court officer report · 31 August 2020
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: The Initial Distribution to unsecured creditors under the Plan totalled over USD 4 billion, which represented 41.5 cents on the dollar for unsecured creditors entitled to be paid in U.S. dollars, and approximately CA 45.49 cents on the dollar for unsecured creditors entitled to be paid in Canadian dollars. · pct of: unstated · outcome: distribution · pct low: 41.5 · currency: USD · pct high: 41.5 · class key: unsecured · stated by: monitor · cumulative: false · class label: unsecured creditors entitled to be paid in U.S. dollars · interim final: unstated · currency quote: USD 4 billion · cents on dollar: 41.5 · claims qualifier: unstated; basis: plan · quote: The Initial Distribution to unsecured creditors under the Plan totalled over USD 4 billion, which represented 41.5 cents on the dollar for unsecured creditors entitled to be paid in U.S. dollars, and approximately CA 45.49 cents on the dollar for unsecured creditors entitled to be paid in Canadian dollars. · pct of: unstated · outcome: distribution · pct low: 45.49 · currency: CAD · pct high: 45.49 · class key: unsecured · stated by: monitor · cumulative: false · class label: unsecured creditors entitled to be paid in Canadian dollars · interim final: unstated · currency quote: CA 45.49 cents on the dollar · cents on dollar: 45.49 · claims qualifier: unstated; basis: plan · quote: The Second Distribution totalled over USD 400 million, which represented 4.3 cents on the dollar for unsecured creditors entitled to be paid in U.S. dollars, and approximately CA 4.71 cents on the dollar for unsecured creditors entitled to be paid in Canadian dollars. · pct of: unstated · outcome: distribution · pct low: 4.3 · currency: USD · pct high: 4.3 · class key: unsecured · stated by: monitor · cumulative: false · class label: unsecured creditors entitled to be paid in U.S. dollars · interim final: unstated · currency quote: USD 400 million · cents on dollar: 4.3 · claims qualifier: unstated; basis: plan · quote: The Second Distribution totalled over USD 400 million, which represented 4.3 cents on the dollar for unsecured creditors entitled to be paid in U.S. dollars, and approximately CA 4.71 cents on the dollar for unsecured creditors entitled to be paid in Canadian dollars. · pct of: unstated · outcome: distribution · pct low: 4.71 · currency: CAD · pct high: 4.71 · class key: unsecured · stated by: monitor · cumulative: false · class label: unsecured creditors entitled to be paid in Canadian dollars · interim final: unstated · currency quote: CA 4.71 cents on the dollar · cents on dollar: 4.71 · claims qualifier: unstated; basis: plan · quote: | Cumulative Distribution | 45.80 | 50.20 | · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · cumulative: true · class label: Unsecured Claims Entitled to be paid in U.S. dollars · interim final: unstated · claims qualifier: unstated; basis: plan · quote: | Cumulative Distribution | 45.80 | 50.20 | · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · cumulative: true · class label: Unsecured Claims Entitled to be paid in CA dollars · interim final: unstated · claims qualifier: unstated; basis: actual · quote: On December 17, 2019, NNI made a final distribution to its creditors, which resulted in NNI's creditors receiving the maximum amount allowed to be paid to creditors pursuant to the Chapter 11 Plan. · pct of: unstated · outcome: paid_in_full · stated by: monitor · class label: NNI's creditors · creditor name: NNI · interim final: final · claims qualifier: unstated · stated on: 2020-08-31 · table missing: