Ontario · CCAA
Fifth Report of the Monitor
Court officer report · 16 December 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing4 verified
- secured creditorsnote: Pre-filing secured claim of BP Energy Company and its affiliates; as of the Fifth Report the claim has been assigned to the DIP Lenders, who also act as sponsor of the Recapitalization Plan (DIP Lenders acting in dual capacity as DIP Lenders and as assignee of the BP secured claim) · page: 9 · debtor: Just Energy Entities · creditor: BP Energy Company and its affiliates · currency: CAD · security: Secured Claim (nature/collateral not specified in excerpt)
- secured creditorsnote: Aggregate secured-claim amount for the 'Funded Debt' category as recorded by the Monitor in the Claims Procedure (table combines Credit Facility Lenders, Term Loan Lenders and Noteholders without individual breakdown); unsecured portion of same category is $302 million; figures represent claims filed, inclusive of potential duplicate/erroneous claims, subject to final resolution · page: 13 · as of: 2022-01-31 · amount: 331000000 · debtor: Just Energy Entities · creditor: Credit Facility Lenders, Term Loan Lenders and Noteholders (Funded Debt claims) · currency: CAD · security: Funded debt obligations under the Credit Agreement, the Term Loan Agreement (2020 balance sheet recapitalization) and Notes, secured pursuant to the Intercreditor Agreement
- secured creditorsnote: Aggregate secured-claim amount for 'Commodity & Financial' category as recorded by the Monitor in the Claims Procedure; unsecured portion of same category is $3 million; figures represent claims filed, inclusive of potential duplicate/erroneous claims, subject to final resolution · page: 13 · as of: 2022-01-31 · amount: 852000000 · debtor: Just Energy Entities · creditor: Commodity Suppliers and financial hedge/REC counterparties (Commodity & Financial claims) · currency: CAD · security: Secured obligations to Commodity Suppliers and financial hedge/renewable energy certificate counterparties, secured pursuant to the Intercreditor Agreement (and, for Qualified Commodity/ISO Suppliers, the post-filing Priority Commodity/ISO Charge)
- secured creditorsnote: Secured-claim portion of the 'Trade & Other' category (trade vendors, IT vendors, former employees, commission vendors, landlords, other); category also includes $498 million unsecured claims, of which ~$435 million estimated duplicative; figures represent claims filed, subject to final resolution · page: 13 · as of: 2022-01-31 · amount: 26000000 · debtor: Just Energy Entities · creditor: Trade & Other creditors (secured portion) · currency: CAD · security: Secured trade/other obligations pursuant to the Intercreditor Agreement