Ontario · CCAA
Sixteenth Report of the Monitor dated July 9, 2010
Court officer report · 9 July 2010
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Distribution of the Noteholder Pool is expected to result in recovery to the 8% Noteholders of all of the principal and pre-filing interest (including penalty interest) owing under the 8% Notes and a portion of the interest accrued post-commencement of the CCAA Proceedings. · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · class label: 8% Noteholders · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Attached as Appendix "C" to this Report is an analysis in which the Monitor has estimated the range of recoveries for Affected Creditors of the Plan Entities (other than the 8% Noteholders and the Convenience Class Creditors) pursuant to the Plan (the "Estimated Recovery Analysis"). · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · class label: Affected Creditors of the Plan Entities (other than the 8% Noteholders and the Convenience Class Creditors) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Convenience Class Creditors will receive cash distributions in the lesser of the amount of their claim and $5,000 and will be deemed to vote in favour of the Plan. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 5000 · amount high: 5000 · class label: Convenience Class Creditors · interim final: unstated · conditional on: cash distribution in the lesser of the amount of their claim and $5,000 · claims qualifier: unstated; basis: plan · quote: The Plan does not contemplate any distributions with respect to claims of Canwest Global or any subsidiary thereof against any CMI Entity (the "Intercompany Claims"). · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: holders of Intercompany Claims (claims of Canwest Global or any subsidiary thereof against any CMI Entity) · interim final: unstated · related party: true · claims qualifier: unstated · stated on: 2010-07-09 · table missing: