Ontario · CCAA
Second Report of the Monitor
Court officer report · 16 March 2019
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: it appears that the term lenders under the Term Loan Credit Facility (as defined in the Initial Order) hold the fulcrum interest in these proceedings and will not be paid in full. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: term lenders under the Term Loan Credit Facility · creditor name: Term Loan Credit Facility lenders · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: Accordingly, based on recoveries to date, and expected future recoveries, it is unlikely that funds will be available to unsecured creditors of the Payless Canada Entities. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors of the Payless Canada Entities · interim final: unstated · claims qualifier: unstated · stated on: 2019-03-16 · table missing: