Ontario · CCAA
Motion Record of the Monitor (Approval and Reverse Vesting Order and Stay Extension Order)
Application / notice of application · 28 February 2025
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: Given the significant anticipated shortfall on repayment of the Credit Facility Obligations, the Monitor anticipates that the Pre-Filing Lenders would be able to carry a vote on any plan of arrangement as its deficiency claim would be far in excess of the value of unsecured claims. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Pre-Filing Lenders · creditor name: Pre-Filing Lenders · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: In no scenario is it anticipated that there could be any recovery for unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated · table missing: