Ontario · Foreign recognition (CCAA)
Pre-Filing Report of the Proposed Information Officer
Pre-filing report · 17 March 2025
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What we verified from this filing10 verified
- secured creditorsnote: Approximate principal amount outstanding. · page: 10 · as of: March 2025 · amount: 235000000 · debtor: Mitel Group (MNC is guarantor) · creditor: Legacy Senior Term Loan Lenders · currency: USD · security: Junior Loans tranche; maturity November 2025; secured by MNC's existing and after-acquired personal property in respect of MNC's guarantee (per para 29); subject to Omnibus Intercreditor Agreement
- secured creditorsnote: Approximate principal amount outstanding. MNC is a guarantor of the ABL Loans but has NOT granted security in respect of this guarantee (effectively unsecured as to MNC's assets), per para 29. · page: 10 · as of: March 2025 · amount: 3000000 · debtor: Mitel Group (MNC is guarantor) · creditor: ABL Lenders (Swiss ABL Loans tranche) · currency: USD · security: ABL facility; maturity May 2027
- secured creditorsnote: Approximate principal amount outstanding. MNC is a guarantor of the ABL Loans but has NOT granted security in respect of this guarantee (effectively unsecured as to MNC's assets), per para 29. · page: 10 · as of: March 2025 · amount: 14000000 · debtor: Mitel Group (MNC is guarantor) · creditor: ABL Lenders (Non-Swiss ABL Loans tranche) · currency: USD · security: ABL facility; maturity May 2027
- secured creditorsnote: Approximate principal amount outstanding. $62 million of this tranche is contemplated to be rolled up into DIP Loans upon entry of the Final DIP Order (post-filing; not reflected here). · page: 10 · as of: March 2025 · amount: 156000000 · debtor: Mitel Group (MNC is guarantor) · creditor: Priority Lien Term Loan Lenders · currency: USD · security: Senior Loans tranche; maturity October 2027; secured by MNC's existing and after-acquired personal property in respect of MNC's guarantee (per para 29); subject to Omnibus Intercreditor Agreement
- secured creditorsnote: Approximate principal amount outstanding. · page: 10 · as of: March 2025 · amount: 64000000 · debtor: Mitel Group (MNC is guarantor) · creditor: Incremental Revolving Loan Lenders · currency: USD · security: Senior Loans tranche; maturity November 2025; secured by MNC's existing and after-acquired personal property in respect of MNC's guarantee (per para 29); subject to Omnibus Intercreditor Agreement
- secured creditorsnote: Approximate principal amount outstanding. · page: 10 · as of: March 2025 · amount: 576000000 · debtor: Mitel Group (MNC is guarantor) · creditor: Second Lien Term Loan Lenders · currency: USD · security: Senior Loans tranche; maturity October 2027; secured by MNC's existing and after-acquired personal property in respect of MNC's guarantee (per para 29); subject to Omnibus Intercreditor Agreement
- secured creditorsnote: Approximate principal amount outstanding. · page: 10 · as of: March 2025 · amount: 125000000 · debtor: Mitel Group (MNC is guarantor) · creditor: Third Lien Term Loan Lenders · currency: USD · security: Senior Loans tranche; maturity October 2027; secured by MNC's existing and after-acquired personal property in respect of MNC's guarantee (per para 29); subject to Omnibus Intercreditor Agreement
- secured creditorsnote: Approximate principal amount outstanding. · page: 10 · as of: March 2025 · amount: 32000000 · debtor: Mitel Group (MNC is guarantor) · creditor: Third Lien Additional Facility Lenders · currency: USD · security: Senior Loans tranche; maturity October 2027; secured by MNC's existing and after-acquired personal property in respect of MNC's guarantee (per para 29); subject to Omnibus Intercreditor Agreement
- secured creditorsnote: Approximate principal amount outstanding. · page: 10 · as of: March 2025 · amount: 108000000 · debtor: Mitel Group (MNC is guarantor) · creditor: Legacy Junior Term Loan Lenders · currency: USD · security: Junior Loans tranche; maturity November 2026; secured by MNC's existing and after-acquired personal property in respect of MNC's guarantee (per para 29); subject to Omnibus Intercreditor Agreement
- secured creditorsnote: Document-stated total secured funded debt of the Company as of the Petition Date; MNC is a guarantor of the entire $1.31 billion (para 42), though it has granted security only in respect of the Senior and Junior Loans, not the ABL Loans (para 29). · page: 10 · as of: March 2025 · amount: 1310000000 · debtor: Mitel Group (MNC is guarantor of the entire amount) · creditor: All Secured Funded Debt Lenders (aggregate, ABL + Senior + Junior Loans) · currency: USD · security: Aggregate of ABL Loans, Senior Loans, and Junior Loans tranches listed individually above