Ontario · CCAA
Fifth Report of the Information Officer
Court officer report · 14 October 2020
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: liquidation_alternative · quote: For secured creditors: 61%-71% in a liquidation versus 98.8% under the Sale Transaction; and · pct of: unstated · outcome: distribution · pct low: 61 · pct high: 71 · class key: secured · stated by: monitor · class label: secured creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: For secured creditors: 61%-71% in a liquidation versus 98.8% under the Sale Transaction; and · pct of: unstated · outcome: distribution · pct low: 98.8 · pct high: 98.8 · class key: secured · stated by: monitor · class label: secured creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: For unsecured creditors: no recovery in a liquidation versus a 3.0% recovery under a Sale Transaction. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: For unsecured creditors: no recovery in a liquidation versus a 3.0% recovery under a Sale Transaction. · pct of: unstated · outcome: distribution · pct low: 3 · pct high: 3 · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Subordinated Securities Claims: Whether in the event of a Sale Transaction or Restructuring, Claims, shall be extinguished and receive no recovery or distribution. · pct of: unstated · outcome: nil · stated by: debtor · class label: Subordinated Securities Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Equity Interests: No distribution on account of Equity Interests, which will be extinguished with no further force or effect. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Equity Interests · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: | Creditor Treatment FILO DIP • Paid in full in cash Term Loan DIP ($100 million 'new money') • Paid in full in cash TLB-2 Lenders (Term Loan DIP roll-up portion and prepetition Term Loan B2) • $200 million, reduced by certain closing adjustments based on emergence liquidity | · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: FILO DIP · creditor name: FILO DIP · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: | Creditor Treatment FILO DIP • Paid in full in cash Term Loan DIP ($100 million 'new money') • Paid in full in cash TLB-2 Lenders (Term Loan DIP roll-up portion and prepetition Term Loan B2) • $200 million, reduced by certain closing adjustments based on emergence liquidity | · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: Term Loan DIP ($100 million 'new money') · creditor name: Term Loan DIP · interim final: unstated · claims qualifier: unstated · stated on: 2020-10-14 · table missing: