Ontario · CCAA
Responding Book of Authorities of Sino-Forest Corporation (Motion for Directions)
Application / notice of application · 25 April 2013
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: (a) Affected unsecured creditors, which included unsecured noteholders, aircraft claimants, executory contract claimants, tax claimants and various litigation claimants, would receive 12 cents per dollar (later changed to 14 cents per dollar) of approved claims; · pct of: unstated · outcome: distribution · pct low: 14 · pct high: 14 · class key: unsecured · stated by: court · class label: Affected unsecured creditors · interim final: unstated · cents on dollar: 14 · claims qualifier: unstated; basis: plan · quote: (b) Affected secured creditors, the senior secured noteholders, would receive 97 per cent of the principal amount of their claim plus interest and costs in respect of their secured claim, and a deficiency claim as unsecured creditors for the re mainder; · pct of: principal · outcome: distribution · pct low: 97 · pct high: 97 · class key: secured · stated by: court · class label: Affected secured creditors, the senior secured noteholders · creditor name: senior secured noteholders · interim final: unstated · conditional on: plus interest and costs, and a deficiency claim as unsecured creditors for the remainder · claims qualifier: unstated; basis: plan · quote: (c) Unaffected unsecured creditors, which included Canadian's employees, custom ers and suppliers of goods and services, would be unaffected by the Plan; · pct of: unstated · outcome: nil · class key: unsecured · stated by: court · class label: Unaffected unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: (d) Unaffected secured creditor, the Royal Bank, CAlL's operating lender, would not be affected by the Plan. · pct of: unstated · outcome: nil · class key: secured · stated by: court · class label: Unaffected secured creditor, the Royal Bank · creditor name: Royal Bank · interim final: unstated · claims qualifier: unstated · table missing: