Ontario · CCAA
Amended Plan of Compromise and Arrangement dated December 16, 2021
Plan of arrangement / compromise · 16 December 2021
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Intercompany Creditors will not be entitled to any distributions made pursuant to Section 4.2 of the Plan. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Intercompany Creditors · interim final: unstated · related party: true · claims qualifier: unstated; basis: plan · quote: All Persons holding Equity Claims (in their capacity as a holder of an Equity Claim) shall not be entitled to vote at or attend the Creditors' Meeting and shall not receive any distributions under the Plan or otherwise receive any other compensation in respect of their Equity Claims, provided that the equity held by the existing shareholders of the Partners and the Partners' interests in Metro 360 shall remain unaffected by the Plan. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Equity Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: each Affected Creditor (other than a Convenience Class Creditor) with a Proven Claim shall receive a distribution in an amount equal to its Pro Rata Share of the Cash in the Creditor Distribution Pool Account (after effecting the payments in Section 6.1(a)) by cheque sent by prepaid ordinary mail to the address for such Affected Creditor as set out in its Termination Claim Statement or Proof of Claim. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Affected Creditor (other than a Convenience Class Creditor) with a Proven Claim · interim final: unstated · claims qualifier: unstated; basis: plan · quote: All Government Priority Claims, if any, to the extent unpaid prior to the Plan Implementation Date, shall be paid in accordance with Subsection 6(3) of the CCAA forthwith following the Plan Implementation Date from the Creditor Distribution Pool. · pct of: unstated · outcome: paid_in_full · class key: preferred · stated by: debtor · class label: Government Priority Claims · interim final: unstated · claims qualifier: unstated · table missing: