Quebec · CCAA
Forty Sixth Report of the Monitor
Court officer report · 19 January 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: As described earlier in this Report, each of the Hourly Pension Plan and the Salaried Pension Plan will receive aggregate distributions of $18 million under the Plan representing a distribution of 62.75% of the Pension Claims in respect of the Hourly Pension Plan and 65.84% of the Pension Claims in respect of the Salaried Pension Plan. · pct of: unstated · outcome: distribution · pct low: 62.75 · pct high: 62.75 · class key: unsecured · stated by: monitor · amount low: 18000000 · cumulative: true · amount high: 18000000 · class label: Hourly Pension Plan · creditor name: Hourly Pension Plan · interim final: unstated · claims qualifier: unstated; basis: plan · quote: As described earlier in this Report, each of the Hourly Pension Plan and the Salaried Pension Plan will receive aggregate distributions of $18 million under the Plan representing a distribution of 62.75% of the Pension Claims in respect of the Hourly Pension Plan and 65.84% of the Pension Claims in respect of the Salaried Pension Plan. · pct of: unstated · outcome: distribution · pct low: 65.84 · pct high: 65.84 · class key: unsecured · stated by: monitor · amount low: 18000000 · cumulative: true · amount high: 18000000 · class label: Salaried Pension Plan · creditor name: Salaried Pension Plan · interim final: unstated · claims qualifier: unstated; basis: plan · quote: | Scenario 1 Scenario 2 Distribution $M CQIM/Quinto 81.78 94.08 BL Parties 17.13 23.72 Wabush Mines Parties 12.56 14.73 Arnaud 4.93 5.51 Total 116.40 138.04 Distribution % CQIM/Quinto 11.47% 13.32% BL Parties 2.27% 3.29% Wabush Mines Parties 7.39% 9.33% Arnaud 16.92% 18.90% | · pct of: unstated · outcome: distribution · pct low: 11.47 · pct high: 11.47 · class key: unsecured · stated by: monitor · class label: CQIM/Quinto Unsecured Creditor Class (Scenario 1, under the Plan) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: | Scenario 1 Scenario 2 Distribution $M CQIM/Quinto 81.78 94.08 BL Parties 17.13 23.72 Wabush Mines Parties 12.56 14.73 Arnaud 4.93 5.51 Total 116.40 138.04 Distribution % CQIM/Quinto 11.47% 13.32% BL Parties 2.27% 3.29% Wabush Mines Parties 7.39% 9.33% Arnaud 16.92% 18.90% | · pct of: unstated · outcome: distribution · pct low: 13.32 · pct high: 13.32 · class key: unsecured · stated by: monitor · class label: CQIM/Quinto Unsecured Creditor Class (Scenario 2, under the Plan) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Plan does not provide for any payment on account of Equity Claims and such claims will be fully, finally, irrevocably and forever compromised, released, discharged, cancelled and barred. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: Equity Interests / Equity Claims · interim final: unstated · claims qualifier: unstated · table missing: