Ontario · CCAA
Factum of the Applicants (Motion for Authorization Order and for Creditors Meetings Order)
Application / notice of application · 12 January 2023
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What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: The DIP Lenders will receive an amount equal to the DIP Lenders' Claim in cash in satisfaction of that claim and CBHT will received 100% of the New Preferred Shares of New Just Energy Parent in satisfaction of the BP Claim. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: DIP Lenders · creditor name: DIP Lenders · interim final: unstated · claims qualifier: unstated; basis: plan · quote: On the Effective Date, the Credit Facility Agent will receive an amount equal to the Credit Facility Claim in full in cash (less any Credit Facility Remaining Debt), and the New Credit Agreement will become effective; 20 · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Secured Creditor Class (Credit Facility Lenders) · creditor name: Credit Facility Agent · interim final: unstated · claims qualifier: unstated; basis: plan · quote: On the Effective Date, Term Loan Claim Holders will receive their pro rata share of 10% of the New Common Shares. · pct of: unstated · outcome: distribution · class key: secured · stated by: debtor · class label: Term Loan Claim Holders · creditor name: Term Loan Claim Holders · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Convenience Claims will each be paid in full up to the amount of $1,500. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 1500 · amount high: 1500 · class label: Convenience Claims · interim final: unstated · conditional on: Convenience Claims will each be paid in full up to the amount of $1,500 · claims qualifier: unstated; basis: plan · quote: General Unsecured Creditors with Accepted Claims will be paid their pro rata share of the General Unsecured Creditor Cash Pool (after payment of Convenience Claims and permitted costs and expenses). · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: General Unsecured Creditors with Accepted Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Subject to De Minimis Claims in the amount of $10 or less which will not receive a distribution. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: De Minimis Claims (Convenience Class) · interim final: unstated · conditional on: Subject to De Minimis Claims in the amount of $10 or less which will not receive a distribution · claims qualifier: unstated; basis: plan · quote: The proposed Plan establishes a 'Convenience Class' of creditors who will receive 100% recovery of their Accepted Claims and be deemed to vote in favour the Plan. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: debtor · class label: Convenience Class · interim final: unstated · claims qualifier: unstated · table missing: