British Columbia · NOI
Second Report of the Proposal Trustee
Court officer report · 29 August 2023
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What we verified from this filing4 verified
- process resultsbids: 2 · lois: 2 · note: 43 potential investor groups solicited (14 strategic, 29 financial); two LOIs and one expression of interest received by bid deadline · as of: 2023-07-26 · solicited: 43
- purchaserCSL Sports Ltd.
- recovery outcomeentries: basis: estimated · quote: The Transaction is anticipated to result in full payment of the priority amounts owing in respect of WEPPA and the Secured Creditors will receive distributions totaling $530,000. · pct of: unstated · outcome: paid_in_full · class key: weppa · stated by: proposal_trustee · class label: WEPPA · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Transaction is anticipated to result in full payment of the priority amounts owing in respect of WEPPA and the Secured Creditors will receive distributions totaling $530,000. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: proposal_trustee · amount low: 530000 · amount high: 530000 · class label: Secured Creditors · interim final: unstated · currency quote: all monetary amounts contained herein are expressed in Canadian dollars · claims qualifier: unstated · stated on: 2023-08-29 · table missing:
- sale outcometext: the Debtor identified the LOI from CSL as superior and entered into the Sale Agreement, subject to Court approval · scope: whole_business · status: pending_approval