Alberta · Receivership (court-appointed)
PRW Sixth Receiver Report
Court officer report · 4 December 2017
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What we verified from this filing6 verified
- process resultsbids: 2 · ndas: 31 · note: Iron Stalking Horse Sale Process counts · as of: 2017-12-01 · solicited: 60 · qualified bids: 2
- purchaserprice: sealed: true · currency: CAD · scope: Peejay Landfill / CNRL assets · status: proposed · name note: CNRL Property purchaser under sealed CNRL APA, unnamed in text provided · structure: assets · name source: recital · relationship: unstated; Wolverine Management Services Inc.; Hilco-Lyon-Bowling JV
- recovery outcomeentries: basis: unstated · quote: Upon closing of the transactions arising out of the Iron Stalking Horse Sales Process, NuNorthern Stalking Horse Sales Process and the collection of accounts receivable balances, the Receiver is proposing to make a full and final distribution to the Syndicate of $28,959,116 (the ' Syndicate Distribution '). · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 28959116 · cumulative: false · amount high: 28959116 · class label: Syndicate · creditor name: Syndicate · interim final: final · conditional on: Upon closing of the transactions arising out of the Iron Stalking Horse Sales Process, Nu-Northern Stalking Horse Sales Process and the collection of accounts receivable balances · currency quote: CAD$, unaudited · claims qualifier: unstated; basis: actual · quote: The Receiver made an initial interim distribution to the Syndicate of approximately $0.6 million pursuant to an Order of this Honourable Court granted November 2, 2017, in relation to repaying high interest credit cards. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: receiver · amount low: 563924 · cumulative: false · amount high: 563924 · class label: Syndicate · creditor name: Syndicate · interim final: interim · currency quote: CAD$, unaudited · claims qualifier: unstated; basis: actual · quote: The Receiver notes that with the closing of the sale of the RBee division to RACL the Receiver effectively made a distribution to Crown Capital of approximately $17.3 million as RACL assumed a significant portion of Crown Capital's secured debt against Petrowest as part of the RBee Transaction. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · amount low: 17300000 · cumulative: false · amount high: 17300000 · class label: Crown Capital · creditor name: Crown Capital · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As a result, Crown Capital will have had approximately $20.3 million in distributions and Crown Capital will have approximately $8 million outstanding on its Petrowest secured debt. · pct of: unstated · outcome: distribution · class key: secured · stated by: receiver · class label: Crown Capital · creditor name: Crown Capital · interim final: unstated · conditional on: RACL assumes approximately $3 million more of Crown Capital's secured Petrowest debt · claims qualifier: unstated · stated on: 2017-12-04 · table missing:
- sale advisorAlex Lyon and Son Sales Managers & Auctioneers, Inc.; Myron Bowling Auctioneers, Inc.
- sale outcometext: Iron Auction pending or Iron Starting Bid to close · scope: parcel · status: pending_approval
- stalking horseCentury Services Corp. (22340000)