Quebec · CCAA
Fourth Joint Amended and Restated Plan of Compromise and Reorganization (HII/Shareco)
Plan of arrangement / compromise · 27 March 2014
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: plan · quote: All Persons holding Equity Claims, including the Claims of holders of HII Class A Shares and holders of HII Class B Shares, shall not be entitled to vote at or attend the HII/Shareco Creditors' Meeting, and shall not receive a distribution under the Plan or otherwise receive anything in respect of their HII Class A Shares and/or HII Class B Shares. · pct of: unstated · outcome: nil · class key: equity · stated by: debtor · class label: Equity Claims (HII Class A Shares and HII Class B Shares holders) · interim final: unstated · claims qualifier: unstated; basis: plan · quote: None of Stichting Homburg Capital Securities or the holders of the Capital Securities Claims shall be entitled to vote at or attend the HII/Shareco Creditors' Meeting, and shall not receive any distribution under the Plan. · pct of: unstated · outcome: nil · class key: unsecured · stated by: debtor · class label: Capital Securities Claims · creditor name: Stichting Homburg Capital Securities · interim final: unstated · claims qualifier: unstated; basis: plan · quote: 'Newco Bond 5 Guarantee' means the unsecured guarantee given by HII to Stichting Homburg Bonds for the benefit of the Bond 5 Claim Holders (including Electing Creditors) guaranteeing that all such Bond 5 Claim Holders shall receive under the Plan or otherwise, distributions of Cash (including the Bond 5 Secured Claim Cash Payment) and Newco Common Shares, all of which such consideration shall have an aggregate minimum value equal to 50 per cent of the Bond 5 Unsecured Claim, such value to be · pct of: unstated · outcome: distribution · pct low: 50 · pct high: 50 · class key: unsecured · stated by: debtor · class label: Bond 5 Claim Holders (Newco Bond 5 Guarantee) · creditor name: Bond 5 Claim Holders · interim final: unstated · conditional on: value calculated in accordance with the Bond 5 Secured Claim Settlement Agreement · claims qualifier: unstated · table missing: