Alberta · CCAA
Second Supplemental to the Second Report of the Monitor
Court officer report · 16 April 2025
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 filing4 verified
- operational summaryThe Monitor reports on secured lessors seeking removal of equipment from the HME APA sale (Dynamic Capital's four assets would reduce the purchase price by $273,028), on counsel's independent security review of the secured parties, and recommends raising the interim distribution from 50% to 66 2/3% of net sale proceeds while holding back proceeds for assets with unclear priority.
- recovery outcomeentries: basis: unstated · quote: The Monitor has had further discussions with the Secured Parties and the Applicant and understands the parties wish to increase the interim distribution from the originally proposed 50% up to the amount of 66 2/3% of the net proceeds of the HME APA. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: monitor · cumulative: false · class label: Secured Parties · interim final: interim · conditional on: in the event the HME APA is approved by this Court and closes · currency quote: all monetary amounts contained herein are expressed in Canadian Dollars · claims qualifier: unstated · stated on: 2025-04-16 · table missing: The Revised Proposed Interim Distribution is presented in Confidential Appendix ' A ' to this report.
- report date16 April 2025
- report noSecond Supplemental Report to the Second Report