New Brunswick · CCAA
Second Report of the Information Officer Richter Advisory Group Inc. – dated July 8, 2020
Court officer report · 8 July 2020
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: each holder of a First Lien Debt will receive its pro rata share of (i) $410 million of Second Out Term Loans and (ii) 96% of the Newco Equity (subject to dilution by the Incentive Plans); · pct of: unstated · outcome: distribution · pct low: 96 · pct high: 96 · class key: secured · stated by: unstated · class label: First Lien Debt · interim final: unstated · conditional on: pro rata share of $410 million of Second Out Term Loans plus 96% of the Newco Equity, subject to dilution by the Incentive Plans · claims qualifier: unstated; basis: plan · quote: each holder of a Second Lien Debt will receive its pro rata share of (i) 4% of the Newco Equity; (ii) Tranche A Warrants; and (iii) Tranche B Warrants (in each case subject to dilution by the Incentive Plans); · pct of: unstated · outcome: distribution · pct low: 4 · pct high: 4 · class key: secured · stated by: unstated · class label: Second Lien Debt · interim final: unstated · conditional on: pro rata share of 4% of the Newco Equity plus Tranche A and Tranche B Warrants, subject to dilution by the Incentive Plans · claims qualifier: unstated; basis: plan · quote: the Debtors' general unsecured creditor claims will receive payment of their claims in full in the ordinary course; and · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: unstated · class label: general unsecured creditor claims · interim final: unstated · claims qualifier: unstated · table missing: The effect of the Reorganization Transaction on the Debtors' capital structure is summarized as follows: