Ontario · CCAA
Sixteenth Report of the Monitor dated June 15, 2018
Court officer report · 15 June 2018
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: actual · quote: On June 27, 2017, the Court made an order authorizing and directing the Monitor to pay a 33% dividend to creditors with admitted claims against the Bay CCAA Entities. · pct of: unstated · outcome: distribution · pct low: 33 · pct high: 33 · class key: unsecured · stated by: monitor · class label: creditors with admitted claims against the Bay CCAA Entities · interim final: unstated · claims qualifier: unstated; basis: actual · quote: On November 30, 2017, the Court made an order authorizing and directing the Monitor to pay in full all admitted claims, other than intercompany claims. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · class label: all admitted claims, other than intercompany claims (Bay CCAA Entities) · interim final: unstated · claims qualifier: unstated; basis: actual · quote: | ($000s; unaudited) Total Admitted Claims Distribution Unpaid Admitted Claims Total Disputed claims TFCC (secured) 716 716 - 6,000 Other third-party creditors 7,445 7,445 - 605 Other intercompany creditors 1,154 381 773 - 9,315 8,542 773 6,605 | · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: TFCC (secured) · creditor name: Terra Firma Capital Corporation · interim final: unstated · claims qualifier: unstated; basis: actual · quote: | ($000s; unaudited) Total Admitted Claims Distribution Unpaid Admitted Claims Total Disputed claims TFCC (secured) 716 716 - 6,000 Other third-party creditors 7,445 7,445 - 605 Other intercompany creditors 1,154 381 773 - 9,315 8,542 773 6,605 | · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: monitor · class label: Other third-party creditors · interim final: unstated · claims qualifier: unstated; basis: actual · quote: Since the remaining admitted unsecured claims were relatively insignificant, the Foreign Representative subordinated repayment of the Shareholder Loans to all currently admitted claims against the Cumberland Entities (but not to any currently disputed claims) such that all currently admitted claims have been repaid in full. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · class label: currently admitted claims against the Cumberland Entities · interim final: unstated · claims qualifier: unstated; basis: actual · quote: On June 27, 2017, the Court made an order authorizing and directing the Monitor to pay a 33% dividend to creditors with admitted claims against the Bay CCAA Entities. · pct of: unstated · outcome: distribution · pct low: 33 · pct high: 33 · class key: unsecured · stated by: monitor · class label: creditors with admitted claims against the Bay CCAA Entities (3.2) · interim final: unstated · claims qualifier: unstated; basis: actual · quote: On November 30, 2017, the Court made an order authorizing and directing the Monitor to pay in full all admitted claims, other than intercompany claims. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: unsecured · stated by: monitor · class label: all admitted claims, other than intercompany claims (3.2) · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: TFCC would receive $3 million in full and final satisfaction of the TFCC Guarantee Claim; · pct of: unstated · outcome: distribution · class key: secured · stated by: monitor · amount low: 3000000 · amount high: 3000000 · class label: TFCC · creditor name: Terra Firma Capital Corporation · interim final: unstated · conditional on: TFCC/UCI Settlement conditional on approvals by the Court and the Israeli Court · claims qualifier: unstated; basis: unstated · quote: UCI's Late Filed Claim would be admitted and UCI would receive an initial distribution of at least $5.5 million at the same time the $3 million is paid to TFCC; and · pct of: unstated · outcome: distribution · class key: unsecured · stated by: monitor · amount low: 5500000 · amount high: 5500000 · class label: UCI's Late Filed Claim · creditor name: UCI · interim final: unstated · conditional on: TFCC/UCI Settlement conditional on approvals by the Court and the Israeli Court · claims qualifier: unstated · stated on: 2018-06-15 · table missing: