Ontario · Foreign recognition (CCAA)

First Report of the Information Officer (motion returnable January 25, 2017)

Court officer report · 25 January 2017

What we verified from this filing2 verified

secured creditorsnote: Existing ABL Facility to be amended to provide exit financing of approximately $768 million per the Plan; US Debtors guarantee ModSpace Canada obligations, but ModSpace Canada does not guarantee US Debtors' obligations · page: 8 · as of: pre-Filing Date · debtor: ModSpace (Chapter 11 Debtors, including ModSpace Canada) · creditor: ABL Lenders (pre-Filing Date ABL Facility) · currency: USD · security: US revolving loan facility up to $568 million; Canadian revolving loan facility up to $200 million; US term loan up to $25,000,000 (facility limits, not balances)
secured creditorsnote: Approximate figure ('approximately $400 million') as stated in Pre-Filing Report; part of pre-packaged restructuring plan · page: 19 · as of: pre-Filing Date · amount: 400000000 · debtor: ModSpace (Chapter 11 Debtors) · creditor: Secured Noteholders (Ad Hoc Group) · currency: USD · security: Secured Notes to be converted to equity under the Plan