Alberta · NOI
Third Report of the Proposal Trustee dated December 7, 2022
Court officer report · 7 December 2022
A plain-language read of this filing opens with a subscription.
What we verified from this filing5 verified
- process resultsbids: 4 · note: Four going-concern offers were submitted; APA executed November 18, 2022 · as of: 2022-11-18 · solicited: 400 · qualified bids: 4
- purchaserprice: note: Price sealed pending TSA termination or further Court order; expected to repay CIBC in full with a partial recovery for Fulcrum. · sealed: true · scope: Nilex Canada's assets or business · status: approved · name note: referred to as the Canadian Purchaser under the Transaction/APA; not named in the visible text · structure: assets · name source: recital · relationship: unstated · agreement date: 2022-11-18; price: note: Price sealed pending TSA termination or further Court order. · sealed: true · scope: Nilex USA's assets and business · status: approved · name note: referred to as the US Purchaser under the Transaction/APA; not named in the visible text · structure: assets · name source: recital · relationship: unstated · agreement date: 2022-11-18
- recovery outcomeentries: basis: estimated · quote: CIBC, which will be repaid in full from the Transaction, is supportive of the Transaction. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: proposal_trustee · class label: CIBC · creditor name: CIBC · interim final: unstated · related party: false · claims qualifier: unstated; basis: estimated · quote: Fulcrum supports approval of the Transaction notwithstanding that it will incur a substantial shortfall on its advances to the Company; · pct of: unstated · outcome: shortfall · class key: secured · stated by: proposal_trustee · class label: Fulcrum · creditor name: Fulcrum · interim final: unstated · claims qualifier: unstated · stated on: 2022-12-07 · table missing:
- sale advisorValitas Capital Partners
- sale outcometext: Transaction approved by the SAVO and pending closing subject to conditions · scope: whole_business · status: approved