Nova Scotia · CCAA
Fourth Report of the Monitor dated June 17, 2025
Court officer report · 17 June 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 filing8 verified
- operational summaryThe Applicants continued to operate their beverage manufacturing businesses in the ordinary course under the Monitor's supervision while the Monitor conducted a SISP that resulted in proposed sale transactions (the Lynch Transaction and Coast Transaction) for the Operating Businesses, with the BLCL real estate holdings still to be marketed and sold separately.
- process resultsndas: 32 · note: 32 parties executed the NDA and the Monitor received 12 Qualified Bids · qualified bids: 12
- purchaserShannon Theresa Lynch; Coast to Coast Marketing Ltd, and James Roue Beverage Company Ltd.
- recovery outcomeentries: basis: estimated · quote: The Monitor expects that such distributions will exceed 50% of the unsecured claims, and potentially significantly more. · pct of: unstated · outcome: distribution · pct low: 50 · pct high: 50 · class key: unsecured · stated by: monitor · class label: unsecured creditors of the Operating Businesses · interim final: unstated · claims qualifier: unstated · stated on: 2025-06-17 · table missing:
- report date17 June 2025
- report noFourth Report
- sale advisorKSV Restructuring Inc.
- sale outcometext: summarize a proposed transaction (the ' Lynch Transaction ')... and a proposed transaction (the ' Coast Transaction ') · scope: whole_business · status: pending_approval