Ontario · NOI
Fourth Report of the Proposal Trustee dated November 1, 2022
Court officer report · 1 November 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing5 verified
- closing confirmedscope: the Railway Transaction · outcome: completed · effective: 2022-10-24 · purchaser: 1000296348 Ontario Inc. · date basis: stated · approval order date: 2022-09-23
- purchaser1000296348 Ontario Inc.
- recovery outcomeentries: basis: estimated · quote: As a result of the orderly realization process and the sale of the Company's real property, all secured creditors are expected to be repaid in full and there is a strong possibility of a material distribution to unsecured creditors. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: secured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Bank of Montreal and Pillar Capital Corp, the Company's two senior lenders, have already been fully repaid. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: Bank of Montreal · creditor name: Bank of Montreal · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Bank of Montreal and Pillar Capital Corp, the Company's two senior lenders, have already been fully repaid. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: Pillar Capital Corp · creditor name: Pillar Capital Corp · interim final: unstated · claims qualifier: unstated · stated on: 2022-11-01 · table missing:
- sale advisorColliers
- sale outcometext: Railway Property and Purchased Assets sold to 1000296348 Ontario Inc., closed October 24, 2022, followed by disputes over transition and post-closing conduct · scope: parcel · status: closed