Ontario · CCAA
Notice of Motion for Leave to Appeal
Application / notice of application · 12 January 2023
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: In the result, the Term Loan Lenders will receive 100% of the common equity through a backstopped participation in an equity rights offering that is not available to the non-Term Loan Lender General Unsecured Creditors; · pct of: unstated · outcome: distribution · pct low: 100 · pct high: 100 · class key: secured · stated by: unstated · class label: Term Loan Lenders · interim final: unstated · conditional on: pro rata share of 10% of New Common Shares plus right to participate in backstopped New Equity Offering · claims qualifier: unstated; basis: plan · quote: Convenience Claims will be paid in full up to $1,500 from the General Unsecured Creditor Cash Pool (established at $10 million); and · pct of: unstated · outcome: distribution · class key: unsecured · stated by: unstated · amount low: 1500 · amount high: 1500 · class label: Convenience Claims · interim final: unstated · conditional on: paid in full up to $1,500 from the General Unsecured Creditor Cash Pool (established at $10 million) · claims qualifier: unstated; basis: estimated · quote: The Applicants currently estimate that the Other General Unsecured Creditors will receive 2.5 to 5 cents on the dollar). · pct of: unstated · outcome: distribution · pct low: 2.5 · pct high: 5 · class key: unsecured · stated by: debtor · class label: Other General Unsecured Creditors · interim final: unstated · conditional on: after payment of Convenience Claims and permitted fees and expenses, subject to turnover requirements in the Subordinated Note Indenture and the Plan · cents on dollar: 2.5 · claims qualifier: unstated · table missing: