Alberta · CCAA
Fifteenth Report of the Monitor filed February 13, 2025
Court officer report · 13 February 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing7 verified
- closing confirmedscope: the Western Business assets under the W&C APA and the 772 Owned Real Property under the Receivership APS · outcome: completed · effective: 2023-11-19 · purchaser: 7-Eleven Canada, Inc. · date basis: stated · effective time: 12:01 a.m. · approval order date: 2023-11-17
- process resultslois: 4 · ndas: 47 · note: A&M contacted 190 parties including 12 lending institutions, 141 private equity firms and 37 strategic parties; 47 executed NDAs; 4 submitted EOIs on or before October 5, 2023 · as of: 2023-10-05 · solicited: 190
- purchaser7-Eleven Distribution Canada Corp.; 7-Eleven Canada, Inc.; 7-Eleven Distribution Canada Corp.
- recovery outcomeentries: basis: estimated · quote: | Shortfall on Tobacco Charge | (21,100) | (10,400) | · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Tobacco Tax Charge · interim final: unstated · claims qualifier: unstated · table missing:
- sale advisorAlvarez & Marsal Canada Securities ULC
- sale outcometext: SEC Transaction approved and closed; new Transaction with 7-Eleven Distribution Canada Corp. proposed for Court approval · scope: whole_business · status: pending_approval
- stalking horse7-Eleven