Ontario · CCAA
Fifteenth Report of the Monitor dated June 17, 2010
Court officer report · 17 June 2010
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Under the Amended Shaw Subscription Agreement, Shaw will pay US$440 million (plus the amount of any Continued Support Payment, if applicable) in cash to satisfy all of the claims of the 8% Noteholders and $38 million towards satisfaction of the claims of the CMI Entities' other affected creditors subject to an increase in that amount for any restructuring period claims directly referable to the Amended Shaw Transaction, in certain circumstances (the "Ordinary Creditors Pool"). · pct of: unstated · outcome: distribution · currency: USD · class key: secured · stated by: monitor · amount low: 440000000 · amount high: 440000000 · class label: 8% Noteholders · creditor name: 8% Noteholders · interim final: unstated · currency quote: US$440 million · claims qualifier: unstated; basis: plan · quote: Under the Amended Shaw Subscription Agreement, Shaw will pay US$440 million (plus the amount of any Continued Support Payment, if applicable) in cash to satisfy all of the claims of the 8% Noteholders and $38 million towards satisfaction of the claims of the CMI Entities' other affected creditors subject to an increase in that amount for any restructuring period claims directly referable to the Amended Shaw Transaction, in certain circumstances (the "Ordinary Creditors Pool"). · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 38000000 · amount high: 38000000 · class label: the CMI Entities' other affected creditors (Ordinary Creditors Pool) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Shaw Transaction Amending Agreements do not provide for any recovery to the existing shareholders of Calmest Global. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: existing shareholders of Canwest Global · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Convenience Class Creditors will receive cash distributions in the lesser of the amount of their claim and $5,000 and will be deemed to vote in favour of the Plan. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 5000 · amount high: 5000 · class label: Convenience Class Creditors · interim final: unstated · conditional on: Convenience Class Creditors will receive cash distributions in the lesser of the amount of their claim and $5,000 · claims qualifier: unstated · stated on: 2010-06-17 · table missing: