Ontario · CCAA
Fourth Report of the Monitor
Court officer report · 15 May 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: under the Stalking Horse Bid, all unsecured Creditors with Proven Claims will receive Proven Unsecured Promissory Notes equal to 100% of the value of their Proven Claims, issued at Closing and payable 12 months thereafter for those claims that are proven prior the Closing of the Transaction. · pct of: proven_claims · outcome: distribution · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · class label: unsecured creditors with Proven Claims · interim final: unstated · conditional on: Paid via Proven Unsecured Promissory Notes issued at Closing and payable 12 months thereafter · claims qualifier: unstated; basis: liquidation_alternative · quote: For clarity, if the Debtors were to pursue another offer from the SISP, or bankruptcy, there would be no recovery for your claim. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · conditional on: if the Debtors were to pursue another offer from the SISP, or bankruptcy · claims qualifier: unstated · stated on: 2025-05-15 · table missing: