Alberta · Interim receivership
Sixth Report of the Interim Receiver
Court officer report · 18 February 2025
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What we verified from this filing4 verified
- process resultsndas: 11 · note: 62 Potential Bidders directly sent the Teaser; 11 executed confidentiality agreements and Qualification Letters and were granted access to the CIM and Plains Data Room; the Interim Receiver received executed APAs prior to the Binding Bid Deadline, none conforming, and a revised offer from Fleet was accepted prior to February 13, 2025. · as of: 2025-02-13 · solicited: 62
- purchaserFleet Energy Ltd.
- recovery outcomeentries: basis: estimated · quote: After receipt of the Interim Distribution, the Interim Proceeds Distribution, and the distribution of any further residual funds following closing of the Transaction, ATB is still estimated to suffer a shortfall on the secured indebtedness. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: ATB · claims amount: 8317025.89 · creditor name: ATB · interim final: unstated · claims qualifier: unstated · stated on: 2025-02-18 · table missing:
- sale outcometext: Sale to Fleet Energy Ltd. under the Successful Bid, pending Court approval, expected to close April 1, 2025 · scope: whole_business · status: pending_approval