Ontario · CCAA

This Fortieth Report reports to the Court on the following matters: (a) the status of the Claims Process; (b) the status of the Interim Distribution; (c) the status of the commercial claims related to the Construction Business; (d) a summary of funds advanced in accordance with the Second Amended Project Charges Order in respect of certain construction projects of Carillion Canada, Carillion Construction and Carillion Pacific; (e) the status of the remaining real property assets of Carillion Canada; (f) the actual receipts and disbursements of the Applicants from October 2, 2022, to April 8, 2023, and the cash flow forecast of the Applicants for the period from April 9, 2023 to November 4, 2023; and (g) the Monitor’s motion for an Order (the “Stay Extension and Subcontractor Distributions Order”) substantially in the form of the draft order located at Tab 3 of the Motion Record of the Monitor returnable April 28, 2023: (i) authorizing Carillion Construction to make a distribution from the Bremner Project Settlement Proceeds Reserve to each Proven Lien Claimant in respect of the Bremner Project, in full and final satisfaction of such person’s Proven Lien Claim; (ii) after payment in full to Proven Lien Claimants with a Proven Lien Claim, authorizing Carillion Construction to make one or more cash distributions of the balance of the Bremner Project Settlement Proceeds Reserve to each Priority Claimant with a Proven Priority Claim in respect of the Bremner Project, of an amount equal to that claimant’s pro rata share of the balance of the Bremner Project Settlement Proceeds Reserve; (iii) authorizing Carillion Construction to make cash distributions from the Niagara Project Settlement Proceeds Reserve to each Priority Claimant with a Proven Priority Claim in respect of the Niagara Project, in full and final satisfaction of such Claimant’s Proven Priority Claim; (iv) after completion of the distributions to the Proven Priority Claims in respect of the Niagara Project, authorizing Carillion Construction to transfer the balance of the Niagara Project Settlement Proceeds Reserve to Carillion Canada; and (v) extending the Stay Period up to and including October 31, 2023

Claims procedure order · 19 April 2023