Ontario · Foreign recognition (CCAA)
Tenth Report of the Information Officer (KPMG)
Court officer report · 23 March 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing8 verified · 1 withheld
- cash on handnote: Figure stated as of the date the Money Market Motion was filed, referring to JPM Accounts plus other estate cash; not the report's own current cash position. · as at: 2025-03-26 · amount: 52000000 · currency: USD · qualifier: approximately
- closing confirmedscope: the sale of substantially all of their talc operations · outcome: completed · effective: 2021-02-17 · purchaser: Magris · date basis: stated; scope: the J&J Settlement · outcome: completed · effective: 2025-02-21 · date basis: stated
- operational summaryThe Debtors continue to pursue confirmation of their Second Plan of reorganization following a concluded confirmation hearing, with a decision still pending from the US Court, while the Debtors also pursue ancillary orders (Westchester settlement, money market investment, trust establishment) to preserve and manage estate assets pending plan effectiveness.
- purchaserMagris
- recovery outcomeentries: basis: plan · quote: Priority claims, secured claims, and general unsecured claims, including the unsecured creditors of ITC, are classified as Unimpaired and are to be satisfied in full. · pct of: unstated · outcome: paid_in_full · pct low: 100 · pct high: 100 · class key: preferred · stated by: unstated · class label: Priority claims, secured claims, and general unsecured claims, including the unsecured creditors of ITC · interim final: unstated · claims qualifier: unstated · stated on: 2026-03-23 · table missing:
- report noTenth Report
- sale outcometext: the Asset Sale to Magris has closed · scope: whole_business · status: closed
- stalking horseMagris Performance Materials Inc.
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.