British Columbia · CCAA

Notice of Application re Sanction Order

Application / notice of application · 21 July 2023

What we verified from this filing1 verified

recovery outcomeentries: basis: liquidation_alternative · quote: the Monitor has analyzed the Petitioners' assets and concluded that, in a liquidation scenario there would be no value to the Petitioners' assets beyond BMO's secured position and, therefore, there would be no recovery to the Petitioners' unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: BMO agreed to accept a reduced amount (the "Payout Amount") in satisfaction of its secured claim in the amount or $16,664,820,14, with the balance of its claim to be treated as unsecured, provided that the Petitioners comply with the terms of the Restructuring Support Agreement; · pct of: unstated · outcome: shortfall · class key: secured · stated by: debtor · class label: BMO secured claim · creditor name: BMO · interim final: unstated · conditional on: provided that the Petitioners comply with the terms of the Restructuring Support Agreement · claims qualifier: unstated · table missing: