Ontario · Foreign recognition (CCAA)

Information Officer's First Report

Court officer report · 8 March 2018

What we verified from this filing2 verified

unsecured creditorsnote: Plea agreement totaled a USD $25 million criminal fine plus USD $975 million in restitution payments; USD $850 million of that total remains outstanding and must be satisfied in full by February 27, 2018. Regulatory/quasi-governmental obligation (criminal fine/restitution). · page: 9 · basis: Criminal fine and restitution obligations arising from a plea agreement · amount: 850000000 · creditor: United States Department of Justice, Criminal Division, Fraud Section / U.S. Attorney's Office for the Eastern District of Michigan · currency: USD
unsecured creditorsnote: Part of an up to USD $200 million civil penalty ceiling owed by TK Holdings; consists of USD $70 million in non-contingent penalties (of which USD $50 million is outstanding, due by October 2020, reflected here as the amount) and USD $130 million in penalties that are deferred/held in abeyance pending TK Holdings' compliance with a consent order (contingent, not included in amount). Regulatory/quasi-governmental obligation. · page: 9 · basis: Civil penalty owed to NHTSA in connection with recalls · amount: 50000000 · debtor: TK Holdings Inc. · creditor: United States National Highway Traffic Safety Administration (NHTSA) · currency: USD