Ontario · CCAA
Seventh Report of the Monitor
Court officer report · 23 October 2019
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: It is estimated that each General Unsecured Creditor will receive a recovery of approximately 3.2% of its Proven Claim subject to further reconciliation and finalization of Claims. · pct of: proven_claims · outcome: distribution · pct low: 3.2 · pct high: 3.2 · class key: unsecured · stated by: monitor · class label: General Unsecured Creditor · interim final: unstated · conditional on: subject to further reconciliation and finalization of Claims · claims qualifier: unstated; basis: plan · quote: $3,840.00 per Lease (provided that if there are multiple Landlords per Lease, only one payment of $3,840.00 shall be made); and · pct of: unstated · outcome: distribution · class key: landlord · stated by: monitor · amount low: 3840 · amount high: 3840 · class label: Landlord · interim final: unstated · conditional on: the lesser of $3,840.00 per Lease or the amount asserted in the Landlord's Notice of Dispute of Claim Statement or Proof of Claim, or if none filed, the amount in the Landlord's Claim Statement · claims qualifier: unstated; basis: liquidation_alternative · quote: There would be no funds available for a distribution to unsecured creditors. · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: unsecured creditors · interim final: unstated · claims qualifier: unstated; basis: plan · quote: Term Loan Lenders holding Tranche A-1 Term Loan Secured Claims will receive their pro rata share of US$68,800,000 in cash (an increase of approximately US$1.8 million from the prior version filed) and will waive any distributions in respect of related deficiency claims. · pct of: unstated · outcome: distribution · currency: USD · class key: secured · stated by: monitor · amount low: 68800000 · amount high: 68800000 · class label: Term Loan Lenders holding Tranche A-1 Term Loan Secured Claims · creditor name: Term Loan Lenders · interim final: unstated · currency quote: US$68,800,000 · claims qualifier: unstated; basis: unstated · quote: General Unsecured Creditors of Payless ShoeSource Worldwide, Inc. and Collective Brands Logistics Limited (Class 5A) (" Class 5A General Unsecured Creditors ") will receive their pro rata share of US$8.4 million, plus certain unused amounts currently designated for professional fees; and · pct of: unstated · outcome: distribution · currency: USD · class key: unsecured · stated by: monitor · amount low: 8400000 · amount high: 8400000 · class label: Class 5A General Unsecured Creditors · creditor name: Payless ShoeSource Worldwide, Inc. and Collective Brands Logistics Limited · interim final: unstated · currency quote: US$8.4 million · claims qualifier: unstated; basis: unstated · quote: General Unsecured Creditors of all other U.S. Debtors (Class 5B) (" Class 5B General Unsecured Creditors "), will receive their pro rata share of US$5.1 million, plus certain unused amounts currently designated for professional fees (less the Canadian GUC Amount of US$900,000); · pct of: unstated · outcome: distribution · currency: USD · class key: unsecured · stated by: monitor · amount low: 5100000 · amount high: 5100000 · class label: Class 5B General Unsecured Creditors · creditor name: General Unsecured Creditors of all other U.S. Debtors · interim final: unstated · currency quote: US$5.1 million · claims qualifier: unstated; basis: plan · quote: Equity interests in Payless Holdings LLC will be cancelled for no consideration. · pct of: unstated · outcome: nil · class key: equity · stated by: monitor · class label: Equity interests in Payless Holdings LLC · interim final: unstated · claims qualifier: unstated · stated on: 2019-10-23 · table missing: