Alberta · CCAA
20. Twentieth Report of the Monitor
Court officer report · 30 July 2009
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: On the Effective Date, SemGroup expects that the Prepetition Lenders will have US$1,070 million of deficiency claims (the 'Lender Deficiency Claims') after taking into account Administrative Expense Claims, Post-petition Financing claims and PC Claims (defined in the table above) but prior to the compromise under the SemGroup POR. · pct of: unstated · outcome: shortfall · currency: USD · class key: secured · stated by: monitor · class label: Secured Working Capital Lender Claims and Secured Revolver/Term Loan Claims (Prepetition Lenders) · creditor name: Prepetition Lenders · interim final: unstated · currency quote: US$1,070 million · claims qualifier: unstated · shortfall amount: 1070000000; basis: estimated · quote: Due to the complexity of the Litigation Trust, the Monitor is unable to make an informed assessment of the value of Litigation Trust Assets and, for the purposes of this Twentieth report has assumed the value to be nil. · pct of: unstated · outcome: nil · stated by: monitor · class label: Litigation Trust Assets · interim final: unstated · claims qualifier: unstated; basis: plan · quote: The Secured Creditors' Pool shall be distributed by the Monitor to Secured Creditors in an amount equal to the full amount of their Secured Claims, as finally determined. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: Secured Creditors (SemCAMS Plan) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The distribution is estimated to be 4% unless more than $102.5 million in claims are proven against SemCAMS. · pct of: proven_claims · outcome: distribution · pct low: 4 · pct high: 4 · class key: unsecured · stated by: monitor · class label: Ordinary Creditors (CAMS Plan) · interim final: unstated · conditional on: unless more than $102.5 million in claims are proven against SemCAMS · claims qualifier: unstated; basis: plan · quote: The Secured Creditors' Pool shall be distributed by the Monitor to Secured Creditors, with each receiving an amount equal to the full amount of their Secured Claims, as finally determined. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: Secured Creditors (Crude Plan) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The distribution is estimated to be 4% unless more than $262.5 million in claims are proven against SemCanada Crude. · pct of: proven_claims · outcome: distribution · pct low: 4 · pct high: 4 · class key: unsecured · stated by: monitor · class label: Ordinary Creditors (Crude Plan) · interim final: unstated · conditional on: unless more than $262.5 million in claims are proven against SemCanada Crude · claims qualifier: unstated; basis: plan · quote: The Secured Creditors' Pool shall be distributed by the Monitor to Secured Creditors, with each receiving an amount equal to the full amount of their proven Secured Claims, as finally determined. · pct of: unstated · outcome: paid_in_full · class key: secured · stated by: monitor · class label: Secured Creditors (Energy Distribution Plan) · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Monitor estimates that the distribution to the Ordinary Creditors will be in the range of 2.16% to 2.27% of Ordinary Creditors' Proven Claims. · pct of: proven_claims · outcome: distribution · pct low: 2.16 · pct high: 2.27 · class key: unsecured · stated by: monitor · class label: Ordinary Creditors (Energy Distribution Plan) · interim final: unstated · conditional on: could fall below 2.16% if more than $124.1 million in claims are proven against the SemCanada Energy Companies · claims qualifier: unstated · stated on: 2009-07-30 · table missing: