Ontario · CCAA

Responding Motion Record of the Independent Director - Part 18 of 20

Application / notice of application · 30 September 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 filing3 verified

secured creditorsnote: Stated as the aggregate principal amount of the Credit Bid Amount; accrued interest on the judgments from August 29, 2025 through Closing is additional and not quantified. Buyer will credit bid this amount toward the Purchase Price. Judgment-creditor claims, not debts of the PDVH/CITGO operating group. · page: 47 · as of: 2025-08-29 · amount: 2009272932.7 · debtor: Bolivarian Republic of Venezuela / PDVSA · creditor: Record Holders (Specified Litigation claimants holding writs of attachment, incl. Rusoro Mining Limited and Koch Minerals Sàrl et al.) · currency: USD · security: Writs of attachment on the PDVH Shares (Specified Litigation Claims described as secured by a valid and duly perfected lien on the Shares)
secured creditorsnote: Pledge is described as 'purported'; outstanding amount not stated on these pages. The Buyer intends a consensual exchange of the 2020 Bonds for cash under a Transaction Support Agreement dated August 12, 2025 and release of the pledge at Closing. · page: 47 · debtor: PDVSA · creditor: 2020 Bondholders (PDVSA 2020 Bonds, issued under the 2020 Indenture) · currency: USD · security: Purported pledge of 50.1% of the equity in CITGO Holding, Inc. (the "Purported Equity Pledge")
unsecured creditors