British Columbia · CCAA

Notice of Application re ARIO and Approval and Vesting Order

Application / notice of application · 14 September 2020

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: estimated · quote: Significantly, the Sale Agreement is for a price that will repay the Lenders in full, will result in the assumption of certain significant liabilities of the Petitioners, will maximize the ongoing number of operating stores and retention of a majority number of employees, and is expected to leave the Petitioners with additional funds to support a CCAA plan and/or claims process for a distribution to unsecured creditors. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Lenders · creditor name: Lenders · interim final: unstated · claims qualifier: unstated · table missing: