Ontario · CCAA
Book of Authorities of the Ad Hoc Committee of Purchasers of the Applicant�s Securities (Motion for Leave to Appeal from Sanction Order)
Application / notice of application · 22 February 2013
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 filing1 verified
- recovery outcomeentries: basis: plan · quote: Affected unsecured creditors, which included unsecured noteholders, aircraft claimants, executory contract claimants, tax claimants and various litigation claimants, would receive 12 cents per dollar (later changed to 14 cents per dollar) of approved claims; · pct of: unstated · outcome: distribution · pct low: 12 · pct high: 12 · class key: unsecured · stated by: debtor · class label: Affected unsecured creditors · interim final: unstated · conditional on: later changed to 14 cents per dollar · cents on dollar: 12 · claims qualifier: unstated; basis: plan · quote: Affected secured creditors, the senior secured noteholders, would receive 97 per cent of the principal amount of their claim plus interest and costs in respect of their secured claim, and a deficiency claim as unsecured creditors for the remainder; · pct of: principal · outcome: distribution · pct low: 97 · pct high: 97 · class key: secured · stated by: debtor · class label: Affected secured creditors, the senior secured noteholders · interim final: unstated · conditional on: plus interest and costs on the secured claim, and a deficiency claim as unsecured creditors for the remainder · claims qualifier: unstated; basis: liquidation_alternative · quote: The Monitor concluded that liquidation would result in a shortfall to certain secured creditors, that recovery by unsecured creditors would be between one and three cents on the dollar, and that there would be no recovery by shareholders. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: shareholders of CAIL · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: The Monitor concluded that liquidation would result in a shortfall to certain secured creditors, that recovery by unsecured creditors would be between one and three cents on the dollar, and that there would be no recovery by shareholders. · pct of: unstated · outcome: distribution · pct low: 1 · pct high: 3 · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: liquidation_alternative · quote: The Monitor concluded that liquidation would result in a shortfall to certain secured creditors, that recovery by unsecured creditors would be between one and three cents on the dollar, and that there would be no recovery by shareholders. · pct of: unstated · outcome: shortfall · class key: secured · stated by: monitor · class label: certain secured creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: (a) Secured Creditors: each Secured Creditor will be paid in full in accordance with its Proven Claim. · pct of: proven_claims · outcome: paid_in_full · class key: secured · stated by: court · class label: Secured Creditors · interim final: unstated · claims qualifier: unstated · table missing: