Newfoundland and Labrador · CCAA
Memorandum of Fact and Law (Signed)
Application / notice of application · 3 October 2024
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: The amounts owed to the SSNs far exceed the contemplated distribution while the SSNs' collateral is sufficient for the SSNs' claim to be most likely paid in full; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: Senior Secured Noteholders · creditor name: SSNs · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Although the outcome of this process does not result in any distribution to unsecured creditors, this does not give rise to a valid reason to withhold Court approval of these transactions. · pct of: unstated · outcome: nil · class key: unsecured · stated by: court · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: