Alberta · CCAA
Seventh Report of the Monitor
Court officer report · 1 December 2021
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: 75% Distribution Election Amount - receive 75% of the total accepted Claim to be paid within 5 business days after the effective date of the Plan (the ' Effective Date') ; or · pct of: unstated · outcome: distribution · pct low: 75 · pct high: 75 · class key: unsecured · stated by: monitor · class label: General Unsecured Creditor Class - 75% Distribution Election Amount · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Installment Distribution Election Amount - if certain conditions are met, this option provides general unsecured creditors the possibility to recover up to 100% of their accepted Claim as follows: · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · class label: General Unsecured Creditor Class - Installment Distribution Election Amount · interim final: unstated · conditional on: receive 50% within 5 business days after Effective Date; 25% after Dec 31 2022 contingent on coal price index averaging above USD $105/metric tonne; 25% after Dec 31 2023 contingent on same coal price condition; full remainder paid within 30 days if CTC ARCA obligations fully satisfied before Dec 31 2023 · claims qualifier: unstated; basis: plan · quote: Convenience Class Distribution Election Amount - receive CAD $15,000 and be deemed to vote in favour of the Plan; or · pct of: unstated · outcome: distribution · currency: CAD · class key: unsecured · stated by: monitor · amount low: 15000 · amount high: 15000 · class label: Convenience Class Creditors · interim final: unstated · conditional on: receive CAD $15,000 flat and deemed to vote in favour of the Plan · currency quote: CAD $15,000 · claims qualifier: unstated; basis: plan · quote: To the extent that all or a portion of the Whirlybyrd Claims are eventually allowed, any such Claims accepted as Accepted Secured Claims will be paid in full by Coalspur, while any such Claims accepted as General Unsecured Creditor Claims will be paid 75% of the accepted Claim (in accordance with the Plan). · pct of: allowed_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: secured · stated by: monitor · class label: Whirlybyrds Inc. - Accepted Secured Claim · creditor name: Whirlybyrds Inc. · interim final: unstated · claims qualifier: unstated; basis: plan · quote: To the extent that all or a portion of the Whirlybyrd Claims are eventually allowed, any such Claims accepted as Accepted Secured Claims will be paid in full by Coalspur, while any such Claims accepted as General Unsecured Creditor Claims will be paid 75% of the accepted Claim (in accordance with the Plan). · pct of: allowed_claims · outcome: distribution · pct low: 75 · pct high: 75 · class key: unsecured · stated by: monitor · class label: Whirlybyrds Inc. - General Unsecured Creditor Claim · creditor name: Whirlybyrds Inc. · interim final: unstated · claims qualifier: unstated; basis: plan · quote: To the extent that all or a portion of the Stillwater Claims are eventually allowed, any such Claims accepted as Accepted Secured Claims will be paid in full by Coalspur, while any such Claims accepted as General Unsecured Creditor Claims will be paid 75% of the accepted Claim (in accordance with the Plan). · pct of: allowed_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: secured · stated by: monitor · class label: Stillwater Supply Corp. - Accepted Secured Claim · creditor name: Stillwater Supply Corp. · interim final: unstated · claims qualifier: unstated; basis: plan · quote: To the extent that all or a portion of the Stillwater Claims are eventually allowed, any such Claims accepted as Accepted Secured Claims will be paid in full by Coalspur, while any such Claims accepted as General Unsecured Creditor Claims will be paid 75% of the accepted Claim (in accordance with the Plan). · pct of: allowed_claims · outcome: distribution · pct low: 75 · pct high: 75 · class key: unsecured · stated by: monitor · class label: Stillwater Supply Corp. - General Unsecured Creditor Claim · creditor name: Stillwater Supply Corp. · interim final: unstated · claims qualifier: unstated; basis: plan · quote: To the extent that all or a portion of the Construction eLink Claim is eventually allowed, any such Claim accepted as Accepted Secured Claims will be paid in full by Coalspur, while any such Claim accepted as General Unsecured Creditor Claims will be paid 75% of the accepted Claim (in accordance with the Plan). · pct of: allowed_claims · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: secured · stated by: monitor · class label: Construction eLink, Inc. - Accepted Secured Claim · creditor name: Construction eLink, Inc. · interim final: unstated · claims qualifier: unstated; basis: plan · quote: To the extent that all or a portion of the Construction eLink Claim is eventually allowed, any such Claim accepted as Accepted Secured Claims will be paid in full by Coalspur, while any such Claim accepted as General Unsecured Creditor Claims will be paid 75% of the accepted Claim (in accordance with the Plan). · pct of: allowed_claims · outcome: distribution · pct low: 75 · pct high: 75 · class key: unsecured · stated by: monitor · class label: Construction eLink, Inc. - General Unsecured Creditor Claim · creditor name: Construction eLink, Inc. · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Creditors with Accepted Secured Claims are contemplated to receive a full recovery of their Accepted Secured Claims (as that term is defined in the Plan). · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: secured · stated by: monitor · class label: Creditors with Accepted Secured Claims · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: The Monitor concluded that it was unlikely that a liquidation sale of the Company's mining operations would result in a value that would exceed its secured debt and, therefore, in a liquidation scenario there would likely be no recoveries to Unsecured Creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Unsecured Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2021-12-01 · table missing: