Ontario · Foreign recognition (CCAA)

Information Officer’s Pre-Filing Report

Pre-filing report · 6 August 2019

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 filing3 verified

secured creditorsnote: syncreon Canada Inc. (related Canadian operating subsidiary) is a guarantor of certain Scheme Debt, to be released under the Schemes; amount is aggregate reduction of funded debt (secured + unsecured combined), not a standalone secured balance · page: 10 · debtor: syncreon B.V. / syncreon Automotive (UK) Ltd. (guaranteed by syncreon Canada Inc.) · creditor: Scheme Creditors (secured Scheme Debt, including ad hoc group of existing secured lenders and PCF Lenders) · currency: USD · security: Scheme Debt (secured facilities) to be reduced by approximately $625 million in aggregate with unsecured notes; components not broken out by class
secured creditorsnote: Approximate figure as stated in report; to be repaid in full outside the Schemes · page: 10 · debtor: syncreon Group · creditor: Lenders under ABL Credit Facility · currency: USD · security: Asset-based lending facility (obligations totaling approximately $80 million, to be repaid in full outside the Schemes)
unsecured creditorsnote: Unsecured notes component not separately quantified; general trade debt and employee obligations are unaffected and unimpaired by the Schemes · page: 10 · basis: Described in Pre-filing Report as part of aggregate Scheme Debt reduction of approximately $625 million · debtor: syncreon B.V. / syncreon Automotive (UK) Ltd. · creditor: Noteholders (unsecured notes, Scheme Creditors) · currency: USD