Alberta · CCAA
Application dated April 23, 2025
Application / notice of application · 23 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 filing1 verified
- recovery outcomeentries: basis: plan · quote: (a) unsecured creditors of 420 OpCo and Green Rock (the ' OpCo Unsecured Creditors ')(later amended to include unsecured creditors of 420 Parent) would constitute a class of Affected Creditors that would receive cash payment of 55 cents on the dollar and a top-up equivalent to the remaining 45 cents on the dollar through a choice of either shares in 420 Parent (the ' Parent Share Election ') or future proceeds from the Litigation (the ' Litigation Proceeds Election '); · pct of: unstated · outcome: distribution · pct low: 55 · pct high: 55 · class key: unsecured · stated by: debtor · class label: OpCo Unsecured Creditors · interim final: unstated · conditional on: top-up of the remaining 45 cents on the dollar via choice of shares in 420 Parent or future proceeds from the Litigation · cents on dollar: 55 · claims qualifier: unstated; basis: plan · quote: (b) Stoke Canada Finance Corp. (' Stoke '), the sole secured creditor at 420 OpCo, would constitute a class of Affected Creditors that would be paid in full in cash; and · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Stoke Canada Finance Corp. · creditor name: Stoke Canada Finance Corp. · interim final: unstated · claims qualifier: unstated · table missing: