Ontario · Foreign recognition (CCAA)
Debtors’ Second Amended Joint Plan of Reorganization pursuant to Chapter 11 of the Bankruptcy Code
Plan of arrangement / compromise · 12 July 2016
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: each Holder thereof shall receive such Holder's Pro Rata share of (i) 93.29% of the New Common Equity (representing 347,380 units), subject to dilution only for the UPA Units and any New Common Equity to be issued (a) pursuant to the Warrants, (b) pursuant to the MEIP and (c) in connection with the Additional Capital Commitment, without reduction on account of Secured Notes Indenture Trustee Fees so long as such fees are paid in accordance with Article XII.D hereof. · pct of: unstated · outcome: distribution · pct low: 93.29 · pct high: 93.29 · class key: secured · stated by: debtor · class label: Secured Notes Claims · claims amount: 205000000 · interim final: unstated · claims qualifier: estimated; basis: plan · quote: each Holder of Allowed Unsecured Notes Claims shall receive such Holder's Pro Rata portion of 6.71% of New Common Equity (representing 25,000 units), subject to dilution only for the UPA Units and any New Common Equity to be issued (a) pursuant to the Warrants, (b) pursuant to the MEIP and (c) in connection with the Additional Capital Commitment without reduction on account of Unsecured Notes Indenture Trustee Fees so long as such Unsecured Notes Indenture Trustee Fees are paid in accordance with Article XII.D hereof. · pct of: unstated · outcome: distribution · pct low: 6.71 · pct high: 6.71 · class key: unsecured · stated by: debtor · class label: Unsecured Notes Claims · claims amount: 40000000 · interim final: unstated · claims qualifier: estimated; basis: plan · quote: Section 510(b) Claims will be canceled, released, discharged, and extinguished as of the Effective Date, and will be of no further force or effect, and Holders of Section 510(b) Claims will not receive any distribution on account of such Section 510(b) Claims. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Section 510(b) Claims · interim final: unstated · claims qualifier: unstated; basis: plan · quote: (ii) cancelled without any distribution on account of such Claims. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Intercompany Claims · interim final: unstated · related party: true · conditional on: cancelled without any distribution on account of such Claims, at the option of the Reorganized Debtors · claims qualifier: unstated; basis: plan · quote: | Debtor Cash Pool Allowed Claims Recovery % Horsehead Holding Corp. $6,500.00 $92,772 7.01% Horsehead Corporation $6,144,329.00 $32,000,000 19.20% Horsehead Metal Products, LLC $5,025,889.00 $26,175,102 19.20% INMETCO $698,282.00 $3,636,691 19.20% Total: $11,875,000 | · pct of: allowed_claims · outcome: distribution · pct low: 7.01 · pct high: 7.01 · class key: unsecured · stated by: debtor · amount low: 6500 · amount high: 6500 · class label: Other General Unsecured Claims (Class 8B) - Horsehead Holding Corp. · claims amount: 92772 · creditor name: Horsehead Holding Corp. · interim final: unstated · claims qualifier: estimated; basis: plan · quote: | Debtor Cash Pool Allowed Claims Recovery % Horsehead Holding Corp. $6,500.00 $92,772 7.01% Horsehead Corporation $6,144,329.00 $32,000,000 19.20% Horsehead Metal Products, LLC $5,025,889.00 $26,175,102 19.20% INMETCO $698,282.00 $3,636,691 19.20% Total: $11,875,000 | · pct of: allowed_claims · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 6144329 · amount high: 6144329 · class label: Other General Unsecured Claims (Class 8B) - Horsehead Corporation · claims amount: 32000000 · creditor name: Horsehead Corporation · interim final: unstated · claims qualifier: estimated; basis: plan · quote: | Debtor Cash Pool Allowed Claims Recovery % Horsehead Holding Corp. $6,500.00 $92,772 7.01% Horsehead Corporation $6,144,329.00 $32,000,000 19.20% Horsehead Metal Products, LLC $5,025,889.00 $26,175,102 19.20% INMETCO $698,282.00 $3,636,691 19.20% Total: $11,875,000 | · pct of: allowed_claims · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 5025889 · amount high: 5025889 · class label: Other General Unsecured Claims (Class 8B) - Horsehead Metal Products, LLC · claims amount: 26175102 · creditor name: Horsehead Metal Products, LLC · interim final: unstated · claims qualifier: estimated; basis: plan · quote: | Debtor Cash Pool Allowed Claims Recovery % Horsehead Holding Corp. $6,500.00 $92,772 7.01% Horsehead Corporation $6,144,329.00 $32,000,000 19.20% Horsehead Metal Products, LLC $5,025,889.00 $26,175,102 19.20% INMETCO $698,282.00 $3,636,691 19.20% Total: $11,875,000 | · pct of: allowed_claims · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 698282 · amount high: 698282 · class label: Other General Unsecured Claims (Class 8B) - INMETCO · claims amount: 3636691 · creditor name: INMETCO · interim final: unstated · claims qualifier: estimated · table missing: