Ontario · CCAA
1 Notice of Motion 2 Fifty-Second Report of the Monitor A Appendix “A” – Remaining Property Sale Protocol B Appendix “B” – Remaining Land Vehicle Property C Appendix “C” – Interim Land Vehicle Governance Order dated June 27, 2017 D Appendix “D” – Legal Structure established on the Plan Implementation Date E Appendix “E” – Agreement of Purchase and Sale dated July 16, 2020 F Appendix “F” – Sale Agreement Amendment G Appendix “G” – Waiver H Appendix “H” – Parcel A Consent and Direction I Appendix “I” – Omnibus Consent and Direction Confidential Appendix “1” - Confidential – C&W Fee Structure Adjustment Confidential Appendix “2”- Confidential – C&W Estimated Value Range 3 Draft Parcel A Land Transaction Authorization and Remaining Property Protocol Implementation Order
Court officer report · 8 June 2021
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified
- operational summaryUSSC has been restructured and renamed Stelco Inc.; the Monitor, as Interim Land Restructuring Officer, is overseeing the monetization of the Land Vehicle's remaining real property (about 21 sites and 275 acres), including the $850,000 Parcel A sale to TUQ4 Inc. and a streamlined protocol for selling the remaining properties, with net proceeds going toward the Stelco pension plans.
- process resultsnote: Four real estate brokerage firms provided proposals for brokerage services (not purchase bids) · solicited: 4
- purchaserTUQ4 Inc.
- report date3 June 2021
- report noFifty-Second Report
- sale advisorCushman and Wakefield ULC
- sale outcometext: Sale process ongoing for remaining Land Vehicle properties, with marketing by broker C&W and a proposed sale of the Nanticoke 390 Property to TUQ pending court authorization · scope: parcel · status: pending_approval