Ontario · Foreign recognition (CCAA)
Second Report of the Information Officer (September 17, 2019)
Court officer report · 17 September 2019
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What we verified from this filing4 verified
- purchaserprice: note: Purchase price comprised of Cash Consideration, Assumed Liabilities, and release of Chapter 11 Debtors' obligations under the 1.5 Lien Term Loan and Second Lien Term Loan and/or DIP Term Facility in an aggregate amount not less than $425,000,000 minus certain deductions · basis: mixed · amount: 425000000 · sealed: false · currency: USD · scope: all or substantially all of the Chapter 11 Debtors' assets, including the assets of the JC Canada Group · status: proposed · name note: referred to as 'New Jack Cooper', a newly formed entity affiliated with the Junior Term Loan Lenders, acting as Stalking Horse Bidder · structure: assets · name source: recital · relationship: stalking_horse · agreement date: 2019-08-23
- sale advisorHoulihan Lokey, Inc.
- sale outcometext: Sale process approved by US Court via Bid Procedures Order; recognition sought in Canada · scope: whole_business · status: process_approved
- stalking horsestate: stated · amount: 425000000 · currency: USD · is lender: true