Alberta · Receivership (court-appointed)
Receiver's Seventh Report
Court officer report · 24 April 2017
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What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: On March 30, 2017, FTI Consulting Canada Inc., the Court-appointed Receiver of Twin Butte (the "Receiver") filed its Receiver's Certificate, certifying that the asset sale to HOC (the "HOC Transaction") had been completed to the satisfaction of the Receiver, and the Receiver made an interim distribution repaying Twin Butte's Banking Syndicate in full; · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: receiver · class label: Twin Butte's Banking Syndicate · creditor name: Banking Syndicate · interim final: interim · claims qualifier: unstated; basis: estimated · quote: the Ad Hoc Group anticipates this may result in an improvement to each Debentureholder's recovery from a potential low end recovery of approximately $450 per $1,000 face value of Debenture to a potential high end recovery of $600 per $1,000 face value Debenture, subject to among other things, the claims process · pct of: unstated · outcome: distribution · class key: secured · stated by: bidder · amount low: 450 · amount high: 600 · class label: Debentureholder class · interim final: unstated · conditional on: subject to among other things, the claims process · claims qualifier: unstated · stated on: 2017-04-24 · table missing: