Ontario · Receivership (court-appointed)
Second Report of Richter Advisory Group Inc. – dated September 29, 2016
Court officer report · 29 September 2016
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: The Receiver proposes to make an interim distribution of the net proceeds of realization to the Lender in the amount of $7.1 million, should the Sundry Assets Transactions be approved by the Court. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 7100000 · amount high: 7100000 · class label: Salus Capital Partners, LLC as lender and agent for other lenders · creditor name: Salus Capital Partners, LLC · interim final: interim · conditional on: should the Sundry Assets Transactions be approved by the Court; if not approved, limited to $2.8 million · claims qualifier: unstated; basis: liquidation_alternative · quote: Saius is expected to experience a significant shortfall on its security in a liquidation scenario. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Salus Capital Partners, LLC as lender and agent for other lenders · creditor name: Salus Capital Partners, LLC · interim final: unstated · claims qualifier: unstated · stated on: 2016-09-29 · table missing: