Ontario · CCAA
FirstOnSite Application Record
Application / notice of application · 21 April 2016
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: It is estimated that the net proceeds of sale from this sale transaction will be sufficient to repay the DIP Facility (as defined below), first ranking ABL Facility (as defined below), and forecast that BDC and Capital (as defined below) will suffer a shortfall in recovering on their indebtedness and all subsequent ranking secured creditors, including Torquest, will not receive any distributions. · pct of: unstated · outcome: shortfall · class key: secured · stated by: debtor · class label: BDC and Capital · creditor name: BDC and Capital · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: It is estimated that the net proceeds of sale from this sale transaction will be sufficient to repay the DIP Facility (as defined below), first ranking ABL Facility (as defined below), and forecast that BDC and Capital (as defined below) will suffer a shortfall in recovering on their indebtedness and all subsequent ranking secured creditors, including Torquest, will not receive any distributions. · pct of: unstated · outcome: nil · class key: secured · stated by: debtor · class label: all subsequent ranking secured creditors, including Torquest · creditor name: Torquest · interim final: unstated · claims qualifier: unstated · table missing: