Quebec · CCAA
Seventh Report to the Court Submitted by Deloitte Restructuring Inc. in its Capacity as Monitor dated March 15, 2023
Court officer report · 15 March 2023
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
- closing confirmedscope: the Tiger Transaction, the ACS Transaction, the HyGear Transaction, the FSTQ Transaction, the Sullair Transaction and the Ivys Transaction · outcome: completed · date basis: unstated
- process resultsbids: 10 · note: 10 bidders submitted Binding Offers by the Remaining Assets Bid Deadline; 5 were determined to constitute successful bids · as of: 2023-02-27 · qualified bids: 5
- purchaserFAD Pennsylvania Inc.; Total Energy Systems, LLC; EnergyLink US Inc.; Curtis; Sullair
- sale advisorNBF
- sale outcometext: six transactions have closed, going concern transactions executed for TIT, XBC and UEC subject to Court approval, agreements entered for NOR and AIR, and no acceptable offer for AIR under phase 2 · scope: whole_business · status: closed