Ontario · CCAA
First Report of the Monitor dated November 12, 2024
Court officer report · 12 November 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing5 verified
- purchaserthe Consenting Stakeholders (or their designees)
- recovery outcomeentries: basis: unstated · quote: the Lenders will exchange any remaining Existing Loans for the other 50% ownership of NewCo; · pct of: unstated · outcome: distribution · pct low: 50 · pct high: 50 · class key: secured · stated by: monitor · class label: Lenders (Existing Loans) · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: all general unsecured claims and existing equity interests in Procera GP and Procera LP will be compromised and cancelled for no consideration, except for any general unsecured claims that NewCo agrees to assume pursuant to the Stalking Horse Transaction Agreement. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: general unsecured claims and existing equity interests in Procera GP and Procera LP · interim final: unstated · conditional on: except for any general unsecured claims that NewCo agrees to assume pursuant to the Stalking Horse Transaction Agreement · claims qualifier: unstated · stated on: 2024-11-12 · table missing:
- sale advisorGLC
- sale outcometext: Court approval of the SISP and entry into the Stalking Horse Transaction Agreement is being sought · scope: whole_business · status: pending_approval
- stalking horsethe Consenting Stakeholders (or their designees)