Ontario · Receivership (court-appointed)
USSW 2251 Motion Record Volume 2 Part 1 of 4
Application / notice of application · 27 October 2017
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: If the Plan is implemented, the Notes will be cancelled and each Notebolder will receive, in satisfaction of each Note Claim thal is a Proven Claim, a pro rala share of (i) 9% New NOles due 2009 in the aggregate principal amount of U.S. $125 million, (ii) 2% New Notes due 2030 in the aggregate principal amount of U.S. $62.5 miUlon and (iii) 15 mUlion New Common Shares (i.e., 75% of the New Common Sbares authorized to be issued under the Plan). · pct of: unstated · outcome: distribution · currency: USD · class key: secured · stated by: debtor · class label: Noteholders · interim final: unstated · conditional on: pro rata share of 9% New Notes due 2009, 2% New Notes due 2030, and 15 million New Common Shares (75% of New Common Shares) · currency quote: U.S. $125 million · claims qualifier: unstated; basis: plan · quote: each Unsecured Creditor $ at the Record Dale with Unsecured Claims that exceed an aggregate of $2,SOO lhat are Proven Oaimswbo has not so duly filed an Election Notice will receive, in full satisfaction of such Unsecured Claims. its pro rata share of 5% of the New Common Share Pool · pct of: unstated · outcome: distribution · pct low: 5 · pct high: 5 · class key: unsecured · stated by: debtor · class label: Unsecured Creditor with Unsecured Claims exceeding $2,500 (no Election Notice filed) · interim final: unstated · conditional on: maximum aggregate amount payable pursuant to Section 2.06(a) is $2.0 million, allocated pro rata up to $2,500 per creditor if exceeded · claims qualifier: unstated · stated on: 2001-11-12 · table missing: