Quebec · CCAA
Tenth Monitor's Report on the Approval of the Proposed Transaction
Court officer report · 10 September 2020
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- process resultslois: 13 · ndas: 26 · note: SISP milestones with number of parties at each stage · as of: 2020-07-10 · solicited: 146 · qualified bids: 4
- purchaserprice: note: Consideration includes assumption of Orion Secured Claim ($134,500,000), assumption of JMBM secured claim ($12,000,000), and assumption of various liabilities and obligations; credit bid using Orion Secured Claim as consideration · basis: mixed · sealed: true · currency: CAD · scope: the Nemaska Entities' business and assets (other than certain excluded assets and excluded liabilities) · status: approved · name note: Bid Group comprised of IQ, Pallinghurst (through QLP), Orion, and OMF Cayman · structure: shares · name source: recital · relationship: secured_lender_credit_bid · agreement date: 2020-08-23; Bidder C; Bidder B; Bidder D
- sale advisorNational Bank Financial (NBC); Clarksons Platou Securities (Clarksons)
- sale outcometext: The Accepted Bid was accepted and the Monitor recommends approval of the Proposed Transaction implemented through an RVO · scope: whole_business · status: pending_approval