Ontario · Receivership (court-appointed)
Motion Record re Appointment of Restructuring Committee, returnable
Application / notice of application · 23 May 2017
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: in exchange for their existing claims, the Term Lenders and the 9.5% Noteholders will receive in the aggregate 78% and 22%, respectively, of the direct or indirect equity of a restructured Algoma (if the Recapitalization Transaction is effected through a Plan) or the purchaser (if the Recapitalization Transaction is effected through an asset purchase), subject to dilution from the rights offering contemplated by the Restructuring Support Agreement · pct of: unstated · outcome: distribution · pct low: 78 · pct high: 78 · class key: secured · stated by: debtor · class label: Term Lenders · creditor name: Term Lenders · interim final: unstated · conditional on: subject to dilution from the rights offering contemplated by the Restructuring Support Agreement · claims qualifier: unstated; basis: plan · quote: in exchange for their existing claims, the Term Lenders and the 9.5% Noteholders will receive in the aggregate 78% and 22%, respectively, of the direct or indirect equity of a restructured Algoma (if the Recapitalization Transaction is effected through a Plan) or the purchaser (if the Recapitalization Transaction is effected through an asset purchase), subject to dilution from the rights offering contemplated by the Restructuring Support Agreement · pct of: unstated · outcome: distribution · pct low: 22 · pct high: 22 · class key: secured · stated by: debtor · class label: 9.5% Noteholders · creditor name: 9.5% Noteholders · interim final: unstated · conditional on: subject to dilution from the rights offering contemplated by the Restructuring Support Agreement · claims qualifier: unstated · table missing: