Ontario · Receivership (court-appointed)
First Report of the Receiver
Court officer report · 23 November 2020
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What we verified from this filing1 verified
- recovery outcomeentries: basis: estimated · quote: The Syndicate will suffer a shortfall on the Secured Indebtedness that, in the Receiver's estimate, will exceed US$90 million. · pct of: unstated · outcome: shortfall · currency: USD · class key: secured · stated by: receiver · class label: Syndicate (Secured Indebtedness) · creditor name: Truist Bank, as agent for the Syndicate · interim final: unstated · currency quote: US$90 million · claims qualifier: unstated · shortfall amount: 90000000; basis: unstated · quote: KMG shall release TCB from any and all claims that KMG had, has or may have against TCB, other than the KMG Intercompany Debt, which shall be paid in full; and · pct of: unstated · outcome: paid_in_full · class key: unsecured · stated by: receiver · class label: KMG Intercompany Debt · creditor name: KMG · interim final: unstated · related party: true · claims qualifier: unstated · stated on: 2020-04-06 · table missing: