Ontario · CCAA
First Report of the Monitor dated March 16, 2023
Court officer report · 16 March 2023
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What we verified from this filing5 verified
- purchaserBMO
- recovery outcomeentries: basis: estimated · quote: In considering the relief sought by the Applicant at the Comeback Hearing, the Monitor is cognizant of the significant shortfall projected to be incurred by the principal economic stakeholders in this proceeding, being the Credit Agreement Lenders, who are owed approximately US$656 million of principal funded debt, plus additional amounts in respect of outstanding letters of credit, which is guaranteed by the Applicant on a senior secured basis. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Credit Agreement Lenders · claims amount: 656000000 · creditor name: Credit Agreement Lenders · interim final: unstated · claims qualifier: unstated · table missing:
- sale advisorPJT Partners LP
- sale outcometext: SISP approval and Stalking Horse APA sought at Comeback Hearing; no transaction closed yet · scope: whole_business · status: process_approved
- stalking horseBMO (160000000)