Ontario · CCAA
Brief of Authorities of the Underwriters (Responding to the Motion for Leave to Appeal from the Sanction Order)
Application / notice of application · 22 February 2013
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 filing1 verified
- recovery outcomeentries: basis: plan · quote: The Existing Shareholders will not be entitled to any distributions under the Plan or other compensation from the CMI Entities on account of their equity interests in Canwest Global. · pct of: unstated · outcome: nil · class key: equity · stated by: court · class label: Existing Shareholders · interim final: unstated · claims qualifier: unstated; basis: plan · quote: As an alternative to this debt to equity swap, the basic structure of the CCAA Plan included as well the possi bility of smaller unsecured creditors receiving a cash distribution of 50% of the face amount of their Proven Claim if such was less than $6,073, or if they opted to reduce their claim to that amount. · pct of: proven_claims · outcome: distribution · pct low: 50 · pct high: 50 · class key: unsecured · stated by: court · class label: smaller unsecured creditors · interim final: unstated · conditional on: cash distribution of 50% of the face amount of their Proven Claim if such was less than $6,073, or if they opted to reduce their claim to that amount · claims qualifier: unstated; basis: plan · quote: 3.4% for the ACI Affected Unsecured Creditor Class; · pct of: unstated · outcome: distribution · pct low: 3.4 · pct high: 3.4 · class key: unsecured · stated by: court · class label: ACI Affected Unsecured Creditor Class · interim final: unstated · claims qualifier: unstated; basis: plan · quote: 17.1% for the ACCC Affected Unsecured Creditor Class; · pct of: unstated · outcome: distribution · pct low: 17.1 · pct high: 17.1 · class key: unsecured · stated by: court · class label: ACCC Affected Unsecured Creditor Class · interim final: unstated · claims qualifier: unstated; basis: plan · quote: 4.2% for the Saguenay Forest Products Affected Unsecured Creditor Class; · pct of: unstated · outcome: distribution · pct low: 4.2 · pct high: 4.2 · class key: unsecured · stated by: court · class label: Saguenay Forest Products Affected Unsecured Creditor Class · interim final: unstated · claims qualifier: unstated; basis: plan · quote: 36.5% for the BCFPI Affected Unsecured Creditor Class; · pct of: unstated · outcome: distribution · pct low: 36.5 · pct high: 36.5 · class key: unsecured · stated by: court · class label: BCFPI Affected Unsecured Creditor Class · interim final: unstated · claims qualifier: unstated; basis: plan · quote: 20.8% for the Bowater Maritimes Affected Unsecured Creditor Class; and · pct of: unstated · outcome: distribution · pct low: 20.8 · pct high: 20.8 · class key: unsecured · stated by: court · class label: Bowater Maritimes Affected Unsecured Creditor Class · interim final: unstated · claims qualifier: unstated; basis: plan · quote: 43% for the ACNSI Affected Unsecured Creditor Class. · pct of: unstated · outcome: distribution · pct low: 43 · pct high: 43 · class key: unsecured · stated by: court · class label: ACNSI Affected Unsecured Creditor Class · interim final: unstated · claims qualifier: unstated; basis: plan · quote: With respect to the remaining Petitioners, the illustrative recoveries under the CCAA Plan would be nil, as these entities have nominal assets. · pct of: unstated · outcome: nil · class key: unsecured · stated by: court · class label: remaining Petitioners · interim final: unstated · claims qualifier: unstated · table missing: