Alberta · CCAA
8. Confidential Eighth Report of the Monitor
Court officer report · 26 May 2009
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What we verified from this filing4 verified · 1 withheld
- process resultsbids: 16 · ndas: 66 · note: 254 interested parties contacted resulting in 66 confidentiality agreements signed; 3 bids on Dokie Project, 5 bids on non-Dokie assets, 8 offers on Turbines · solicited: 254
- purchaserprice: note: Purchaser to assume certain obligations, satisfy WestLB indebtedness, and replace letters of credit; net proceeds include approximately $10.8 million in funds on deposit supporting a letter of credit · basis: mixed · sealed: true · currency: CAD · scope: all the assets associated with the Dokie Project · status: proposed · name note: referred to only as 'the Purchaser' under the sealed Dokie APA · structure: assets · name source: recital · relationship: unstated
- recovery outcomeentries: basis: plan · quote: | Recovery % to unsecured creditors | (i) | 85.4% | 0% to 35% | 0.0% | · pct of: unstated · outcome: distribution · pct low: 85.4 · pct high: 85.4 · class key: unsecured · stated by: monitor · class label: Unsecured creditors · claims amount: 26000000 · interim final: unstated · claims qualifier: estimated; basis: liquidation_alternative · quote: | Recovery % to unsecured creditors | (i) | 85.4% | 0% to 35% | 0.0% | · pct of: unstated · outcome: distribution · pct low: 0 · pct high: 35 · class key: unsecured · stated by: monitor · class label: Unsecured creditors (High Liquidation Scenario) · claims amount: 35000000 · interim final: unstated · claims qualifier: estimated; basis: liquidation_alternative · quote: | Recovery % to unsecured creditors | (i) | 85.4% | 0% to 35% | 0.0% | · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Unsecured creditors (Low Liquidation Scenario) · claims amount: 38000000 · interim final: unstated · claims qualifier: estimated; basis: unstated · quote: unsecured creditors could receive a recovery in the range of 85% of their respective claim, which is significantly greater than under the liquidation scenarios. · pct of: unstated · outcome: distribution · pct low: 85 · pct high: 85 · class key: unsecured · stated by: monitor · class label: Unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2009-05-26 · table missing:
- sale advisorBlair Franklin Capital Partners Inc.; GMP Securities L.P.; Marathon Capital LLC
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.