Alberta · CCAA
43. Forty-Third Report of the Monitor, filed
Court officer report · 24 October 2019
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What we verified from this filing6 verified
- financial positionnote: Total = total secured claims (9,200 Senior Lender Syndicate + 10,900 Mezzanine Lender = 20,100) + total unsecured claims (Trade debt 1,100 + Related party debt 5,800 + Accrued liabilities 1,900 = 8,800), all in $CAD 000s per Table 1.0; no total assets figure stated in the report · page: 6 · as at: 2019-06-30 · basis: unaudited financial information from WBLDLP's books and records (per Monitor's Terms of Reference) · scope: Walton Big Lake Development LP (WBLDLP) entity-level; non-CCAA applicant · currency: CAD · total liabilities: 28900000
- secured creditorsnote: Forbearance agreement expired March 15, 2019; Secured Debt currently due and payable · page: 6 · as of: 2019-06-30 · amount: 10900000 · debtor: Walton Big Lake Development LP (WBLDLP) · creditor: Mezzanine Lender (Kingsett Capital) · currency: CAD · security: Mezzanine (subordinate) secured facility
- secured creditorsnote: Syndicate of three senior secured lenders; forbearance agreement expired Feb 1, 2019; Secured Debt currently due and payable; Transaction assumes this debt with lender consent · page: 6 · as of: 2019-06-30 · amount: 9200000 · debtor: Walton Big Lake Development LP (WBLDLP) · creditor: Senior Lender Syndicate (MCAN Mortgage Corporation, Concentra Bank, Canadian Western Bank) · currency: CAD
- process resultsbids: 3 · ndas: 10 · note: WBLDLP received three offers for the purchase of its interest in the Project · solicited: 14 · qualified bids: 3
- purchaserAnthem Properties Group Ltd.
- sale outcometext: WBLDLP undertook a sales process which resulted in a purchase agreement with the Purchaser for the Project, pending closing and subsequent dissolution steps · scope: parcel · status: pending_approval