Ontario · CCAA
Sale Recognition and Vesting Order
Approval and vesting order · 19 December 2023
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 filing5 verified
- closing termsClosings of sales of Canadian Acquired Assets are subject to entry of the Canadian Sale Recognition Order; debtors must file a notice of closing within three Business Days of each Closing; net proceeds are to be delivered to Secured Parties within ten business days of each Closing.
- order date12 December 2023
- purchaserSaia Motor Freight Line, LLC; Knight-Swift Transportation Holdings Inc.; XPO, Inc.; Royal Group Holdings Inc.; All Star Investments, Inc.
- sale outcometext: Court approved the Asset Purchase Agreements and sales of certain Real Property Assets of the Debtors following the Auction commenced November 28, 2023, with Winning Bidders and Back-Up Bidders identified in the Notice of Winning Bidders. · scope: parcel · status: approved
- stalking horsestate: stated