Ontario · CCAA
Fourth Report of the Monitor
Court officer report · 5 August 2026
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What we verified from this filing1 verified
- recovery outcomeentries: basis: liquidation_alternative · quote: based on the anticipated shortfall on the DIP Facility that would occur in the liquidation scenario, the Monitor believes it is appropriate that the proceeds of the Fox Jumbo Transaction are applied towards repayment of the DIP Facility. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: DIP Facility · creditor name: DIP Facility · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: after accounting for a distribution to the DIP Facility from the AP Transaction proceeds on account of the shortfall (which would then provide the DIP Facility with a full recovery), the remaining proceeds from the AP Transaction would then be paid towards the Secured IP Claim, with such remaining proceeds estimated to be between $17.2 million and $22.1 million; · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: secured · stated by: monitor · class label: DIP Facility · creditor name: DIP Facility · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: after accounting for a distribution to the DIP Facility from the AP Transaction proceeds on account of the shortfall (which would then provide the DIP Facility with a full recovery), the remaining proceeds from the AP Transaction would then be paid towards the Secured IP Claim, with such remaining proceeds estimated to be between $17.2 million and $22.1 million; · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 17200000 · amount high: 22100000 · class label: Secured IP Claim · creditor name: Secured IP Claim · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: in comparison to the liquidation scenario, by treating the DIP Facility as receiving a full recovery from the proceeds of the Fox Jumbo Transaction and the credit-bid under the 262 Transaction (as seen in the Waterfall Analysis), the proceeds available to the Secured IP Claim would be approximately $24.8 million; and · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 24800000 · amount high: 24800000 · class label: Secured IP Claim · creditor name: Secured IP Claim · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: in any scenario, the Secured IP Claim is estimated to either suffer a shortfall or recover at the low range of the Monitor's estimated valuation of the Secured IP Claim. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: Secured IP Claim · creditor name: Secured IP Claim · interim final: unstated · claims qualifier: unstated · table missing: