Ontario · CCAA
Book of Authorities of Cargill, Incorporated and Cargill International Trading PTE Ltd. Re: Disclaimer Motion and Global Process Motion (Returnable June 26, 2024)
Application / notice of application · 20 June 2024
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: Under the restructuring plan, secured third-party lenders will be paid in full with cash and Pubco shares, as shown in figure 2. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: debtor · class label: secured third-party lenders · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Current shareholders of Pubco will not receive any consideration in respect of the relinquishment of their Pubco common shares, and all unsecured creditors will receive newly issued common shares of Pubco, representing approximately 20 percent of the value of their claims. · pct of: unstated · outcome: distribution · pct low: 20 · pct high: 20 · class key: unsecured · stated by: debtor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: Current shareholders of Pubco will not receive any consideration in respect of the relinquishment of their Pubco common shares, and all unsecured creditors will receive newly issued common shares of Pubco, representing approximately 20 percent of the value of their claims. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: current shareholders of Pubco · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: We will assume that unsecured creditors (without priority charges) have a 5 percent recovery on their claims. · pct of: unstated · outcome: distribution · pct low: 5 · pct high: 5 · class key: unsecured · stated by: unstated · class label: unsecured creditors (without priority charges) · interim final: unstated · claims qualifier: unstated · table missing: