Ontario · CCAA
1. Notice of Motion dated April 7, 2022 2. Thirty-Eight Report of the Monitor dated April 7, 2022 A. Appendix “A” - Glossary of Terms B. Appendix “B” - Claims Chart as of March 31, 2022 C. Appendix “C” - Construction Claims Chart D. Appendix “D” - Receipts and Disbursements of the Applicants for the period from October 17, 2021 to March 26, 2022 E. Appendix “E” - Cash Flow Forecasts for the period from March 27, 2022 to November 5, 2022 3. Stay Extension and Interim Distribution Order
Court officer report · 14 April 2022
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 filing5 verified
- cash on handnote: Opening cash position of the Carillion Cash Flow Forecast (Carillion Applicants): $2,277K held by the Applicants plus $126,240K held in Monitor trust accounts. The separate Rokstad Cash Flow Forecast opening cash position is approximately $26.8 million ($532K held by Applicants plus $26,283K in Monitor trust), and the Monitor held approximately $152.5 million in trust in total as at March 26, 2022. · as at: 2022-03-27 · amount: 128517000 · currency: CAD · qualifier: approximately
- operational summaryAll operating business lines have been sold and all known affirmative construction claims resolved; the Applicants and Monitor are now reviewing and resolving remaining creditor claims, making interim distributions, and selling remaining real estate interests.
- recovery outcomeentries: basis: actual · quote: | Carillion Canada Inc. | 280 | 52.3 | 12.36% | 219 | 9.2 | · pct of: unstated · outcome: distribution · pct low: 12.36 · currency: CAD · pct high: 12.36 · class key: unsecured · stated by: monitor · amount low: 52300000 · amount high: 52300000 · class label: Carillion Canada Inc. Interim Claims Pool · creditor name: Carillion Canada Inc. · interim final: unstated · currency quote: *rounded CAD million · claims qualifier: unstated; basis: actual · quote: | Carillion Construction Inc. | 104 | 37.8 | 17.40% | 47 | 9.6 | · pct of: unstated · outcome: distribution · pct low: 17.4 · currency: CAD · pct high: 17.4 · class key: unsecured · stated by: monitor · amount low: 37800000 · amount high: 37800000 · class label: Carillion Construction Inc. Interim Claims Pool · creditor name: Carillion Construction Inc. · interim final: unstated · currency quote: *rounded CAD million · claims qualifier: unstated; basis: actual · quote: | Carillion Canada Holdings Inc. | - | - | 0.0% | - | - | · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Carillion Canada Holdings Inc. Interim Claims Pool · creditor name: Carillion Canada Holdings Inc. · interim final: unstated · claims qualifier: unstated; basis: actual · quote: | Carillion Canada Finance Corp. | - | - | 0.0% | - | - | · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Carillion Canada Finance Corp. Interim Claims Pool · creditor name: Carillion Canada Finance Corp. · interim final: unstated · claims qualifier: unstated; basis: actual · quote: | Carillion Canada (WOHC) Inc. | - | - | 0.0% | - | - | · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Carillion Canada (WOHC) Inc. Interim Claims Pool · creditor name: Carillion Canada (WOHC) Inc. · interim final: unstated · claims qualifier: unstated; basis: actual · quote: | Vanbots Capital Corporation | - | - | 0.0% | - | - | · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: Vanbots Capital Corporation Interim Claims Pool · creditor name: Vanbots Capital Corporation · interim final: unstated · claims qualifier: unstated; basis: actual · quote: | 491313 B.C. Ltd. | - | - | 0.0% | - | - | · pct of: unstated · outcome: nil · class key: unsecured · stated by: monitor · class label: 491313 B.C. Ltd. Interim Claims Pool · creditor name: 491313 B.C. Ltd. · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: The Monitor estimates that Priority Claimants with Proven Priority Claims in respect of the Bremner Project will receive an interim distribution from the Bremner Project Settlement Proceeds Reserve in the range of 40% of the Proven Priority Claims against the Bremner Project. · pct of: proven_claims · outcome: distribution · pct low: 40 · pct high: 40 · class key: preferred · stated by: monitor · class label: Priority Claimants with Proven Priority Claims in respect of the Bremner Project · interim final: interim · claims qualifier: unstated; basis: estimated · quote: The Monitor estimates that Priority Claimants with Proven Priority Claims in respect of the Niagara Project will receive an interim distribution from the Niagara Project Settlement Proceeds Reserve in the range of 65% of the Proven Priority Claims against the Niagara Project. · pct of: proven_claims · outcome: distribution · pct low: 65 · pct high: 65 · class key: preferred · stated by: monitor · class label: Priority Claimants with Proven Priority Claims in respect of the Niagara Project · interim final: interim · claims qualifier: unstated; basis: estimated · quote: For example, a Priority Claimant in respect of the Bremner Project who already received an interim distribution from Carillion Construction of 17.4% of the total Proven Claims will receive an estimated 22.6% of the amount of its Proven Priority Claim. · pct of: proven_claims · outcome: distribution · pct low: 22.6 · pct high: 22.6 · class key: preferred · stated by: monitor · cumulative: false · class label: Priority Claimant in respect of the Bremner Project who already received an interim distribution from Carillion Construction of 17.4% · interim final: interim · conditional on: already received an interim distribution from Carillion Construction of 17.4% of the total Proven Claims · claims qualifier: unstated; basis: estimated · quote: Priority Claimants who did not receive an interim distribution will receive an estimated 40% of the amount of their Proven Priority Claim. · pct of: proven_claims · outcome: distribution · pct low: 40 · pct high: 40 · class key: preferred · stated by: monitor · class label: Priority Claimants who did not receive an interim distribution · interim final: interim · claims qualifier: unstated · stated on: 2022-04-07 · table missing:
- report date7 April 2022
- report noThirty-Eighth Report