Ontario · CCAA
Third Report of the Monitor
Court officer report · 28 August 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: As at the date of this Third Report, the ABL Facility balance and applicable interest have been paid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: ABL Facility (BNS as Agent) · creditor name: BNS as Agent · interim final: unstated · claims qualifier: unstated; basis: actual · quote: As at the date of this Third Report the DIP Facility and applicable interest have been paid in full. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: DIP Facility · creditor name: DIP Lender · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: It is anticipated that there will be a shortfall on the Term Loan indebtedness in excess of $500,000. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Term Loan (Agent) · creditor name: Agent · interim final: unstated · claims qualifier: unstated · shortfall amount: 500000; basis: estimated · quote: Accordingly, it appears there will be no funds available for distribution for application against the BCAP Loan or for the Companies' unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: BCAP Loan and unsecured creditors · interim final: unstated · claims qualifier: unstated · stated on: 2023-08-28 · table missing: