Ontario · Receivership (court-appointed)
Motion Record of the Applicants re: Assignment of Contracts
Application / notice of application · 12 October 2018
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: in exchange for their existing claims, the Term Lenders and the Senior Noteholders will receive in the aggregate 68% and 32%, respectively, of the direct or indirect equity of the Buyer, subject to dilution by (i) the equity to be provided to certain Consenting Creditors that have provided backstop commitments, and (ii) any rights offering contemplated by the Restructuring Support Agreement to obtain any remaining funding necessary to complete the Sale Transaction · pct of: unstated · outcome: distribution · pct low: 68 · pct high: 68 · class key: secured · stated by: debtor · class label: Term Lenders · creditor name: Term Lenders · interim final: unstated · conditional on: subject to dilution by equity to backstop providers and any rights offering · claims qualifier: unstated; basis: unstated · quote: in exchange for their existing claims, the Term Lenders and the Senior Noteholders will receive in the aggregate 68% and 32%, respectively, of the direct or indirect equity of the Buyer, subject to dilution by (i) the equity to be provided to certain Consenting Creditors that have provided backstop commitments, and (ii) any rights offering contemplated by the Restructuring Support Agreement to obtain any remaining funding necessary to complete the Sale Transaction · pct of: unstated · outcome: distribution · pct low: 32 · pct high: 32 · class key: secured · stated by: debtor · class label: Senior Noteholders · creditor name: Senior Noteholders · interim final: unstated · conditional on: subject to dilution by equity to backstop providers and any rights offering · claims qualifier: unstated · table missing: