Ontario · CCAA
The purpose of this One Hundred Fifty Eighth 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, and the status of distributions made to date; (b) the cash position of the Canadian Estate as at October 31, 2021; (c) an update on the Health and Welfare Trust (the HWT); (d) an update on the claims resolution process; (e) an update on the Nortel directors and officers trust (the Nortel D&O Trust); (f) as directed by the Court in its Endorsement dated November 22, 2019, an aggregate summary of the IP address sale transactions completed by the Canadian Estate during the case and commentary pertaining to the unsealing of IP address sale agreements; (g) an update on other wind-down activities of the Canadian Estate; and (h) future distribution(s) to creditors of the Canadian Estate
Court officer report · 15 November 2021
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 $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 · 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 · cents on dollar: 41.5 · claims qualifier: unstated; basis: plan · quote: The Initial Distribution to unsecured creditors under the Plan totalled over $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 $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 · 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 · cents on dollar: 4.3 · claims qualifier: unstated; basis: plan · quote: The Second Distribution totalled over $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: The Third Distribution totalled approximately $140 million, which represented 3.7 cents on the dollar for unsecured creditors entitled to be paid in U.S. dollars, and approximately CA 4.05 cents on the dollar for unsecured creditors entitled to be paid in Canadian dollars. · pct of: unstated · outcome: distribution · pct low: 3.7 · pct high: 3.7 · class key: unsecured · stated by: monitor · cumulative: false · class label: unsecured creditors entitled to be paid in U.S. dollars · interim final: unstated · cents on dollar: 3.7 · claims qualifier: unstated; basis: plan · quote: The Third Distribution totalled approximately $140 million, which represented 3.7 cents on the dollar for unsecured creditors entitled to be paid in U.S. dollars, and approximately CA 4.05 cents on the dollar for unsecured creditors entitled to be paid in Canadian dollars. · pct of: unstated · outcome: distribution · pct low: 4.05 · currency: CAD · pct high: 4.05 · 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 4.05 cents on the dollar · cents on dollar: 4.05 · claims qualifier: unstated; basis: plan · quote: | Cumulative Distribution | 49.50 | 54.25 | · 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 | 49.50 | 54.25 | · pct of: unstated · outcome: distribution · pct low: 54.25 · pct high: 54.25 · class key: unsecured · stated by: monitor · cumulative: true · class label: Unsecured Claims Entitled to be paid in CA dollars · interim final: unstated · cents on dollar: 54.25 · claims qualifier: unstated · stated on: 2021-11-15 · table missing: