Manitoba · CCAA
Second Report of the Monitor
Court officer report · 20 July 2023
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- process resultsnote: The Monitor rejected all but one of the Qualified Phase 2 Bids · as of: 2023-06-21 · qualified bids: 1
- purchaserprice: note: aggregate consideration comprised of Purchase Price plus Additional Third Party Consideration, detailed in the Confidential Supplement · basis: mixed · sealed: true · scope: the Purchased Assets · status: proposed · name note: Referred to as the Segal Group; final offer included Tim Morris participation; Sale Agreement refers to Purchaser generically · structure: assets · name source: recital · relationship: unstated
- recovery outcomeentries: basis: unstated · quote: $247,132 on account of the Monitor's outstanding fees and disbursements (as further detailed below); · pct of: unstated · outcome: distribution · class key: court_charges · stated by: monitor · amount low: 247132 · amount high: 247132 · class label: Monitor's outstanding fees and disbursements (Administration Charge) · creditor name: Deloitte Restructuring Inc. (Monitor) · interim final: unstated · conditional on: Provided this Honourable Court is prepared to grant the requested increase in the Administration Charge to $1.0 million · claims qualifier: unstated; basis: unstated · quote: $185,208 on account of the Monitor's legal counsel's outstanding fees and disbursements (as further detailed below); and · pct of: unstated · outcome: distribution · class key: court_charges · stated by: monitor · amount low: 185208 · amount high: 185208 · class label: Monitor's legal counsel's outstanding fees and disbursements (Administration Charge) · creditor name: Monitor's legal counsel · interim final: unstated · conditional on: Provided this Honourable Court is prepared to grant the requested increase in the Administration Charge to $1.0 million · claims qualifier: unstated · stated on: 2023-07-20 · table missing:
- sale outcometext: The Monitor is recommending the Court approve the Transaction and the Sale Agreement · scope: whole_business · status: pending_approval