What we verified from this filing3 verified
- unsecured creditorsnote: Aggregate arrears across Applicants' 189 leases; of this amount, US$8.4 million relates to leases guaranteed by YGC (a related-party guarantee); table also breaks down by entity (YGC $0 direct arrears/$8.4M guaranteed, SAR Real Estate $22.6M, Individual Leasecos (Applicants) $4.2M) · page: 30 · as of: 2020-12-31 · basis: Pre-Filing Report stating amounts owed for rent arrears as reflected in Applicants' books and records · amount: 26800000 · debtor: Applicants (SAR Real Estate and Individual Leasecos) · creditor: Landlords (rent arrears across Real Estate Segment leases held by Applicants) · currency: USD
- secured creditorsnote: YGC's guarantee obligation is secured; Wells Fargo to be treated as unaffected creditor and its security ranks ahead of/senior to the proposed Administration Charge and DIP Lender's Charge; security opinion pending (counsel's view subject to customary qualifications, formal opinion to be prepared) · page: 41 · as of: 2020-12-31 · amount: 50000000 · debtor: SAR Holdings Inc. (SHI, non-Applicant borrower); guaranteed by Edjar Food Group Inc., EII, YGI and YGC (the only Applicant guarantor) · creditor: Wells Fargo Bank, National Association (as administrative agent, and lenders under the Wells Fargo Credit Facility) · currency: USD · security: Secured guarantee granted by YGC; facility limit US$70 million revolving credit facility, of which approximately US$50 million drawn as at December 31, 2020; security perfected by PPSA registration in Ontario
- secured creditorsnote: Related party: DIP Lender is an entity owned by the equity holders of the Company; amount is a facility limit, not a drawn balance · page: 41 · as of: NOI/Pre-Filing Report date · debtor: Yatsen Group of Companies Inc. (Administrative Borrower) and each of the other Applicants · creditor: 1699803 Ontario Inc. (DIP Lender) · currency: CAD · security: DIP Lender's Charge over Applicants' Property; facility limit (not a balance) up to maximum principal amount of $5,000,000; subordinate to Wells Fargo's security