Ontario · CCAA
Motion Record returnable November 17, 2021
Application / notice of application · 17 November 2021
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: If approved by the Required Majority of the Unsecured Creditors' Class at the Creditors' Meeting and sanctioned by this Court, the Plan provides for a significant initial cash distribution to Affected Creditors, and is intended to enable Affected Creditors to potentially receive the remainder of their claims over time through the proceeds of an unsecured promissory note to be issued by the CCAA Entities under the Plan, all in exchange for the full and final settlement of their Affected Claims. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · class label: Affected Creditors · interim final: unstated · conditional on: significant initial cash distribution plus potential remainder over time through proceeds of unsecured promissory note · claims qualifier: unstated; basis: plan · quote: Convenience Class Creditors will receive from the Creditor Distribution Pool the lesser of: (i) 100% of their Proven Claims; and (ii) $2,500; 1 and · pct of: unstated · outcome: distribution · class key: unsecured · stated by: debtor · amount low: 2500 · amount high: 2500 · class label: Convenience Class Creditors · interim final: unstated · conditional on: lesser of 100% of Proven Claims and $2,500 · claims qualifier: unstated; basis: plan · quote: Intercompany Creditors will not be entitled to any distributions made pursuant to Section 4.2 of the Plan. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Intercompany Creditors · interim final: unstated · related party: true · claims qualifier: unstated; basis: plan · quote: All Persons holding Equity Claims (in their capacity as a holder of an Equity Claim) shall not be entitled to vote at or attend the Creditors' Meeting and shall not receive any distributions under the Plan or otherwise receive any other compensation in respect of their Equity Claims, provided that the equity held by the existing shareholders of the Partners and the Partners' interests in Metro 360 shall remain unaffected by the Plan. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Equity Claims · interim final: unstated · claims qualifier: unstated · table missing: