Ontario · CCAA
Fifth Report of the Monitor
Court officer report · 29 July 2021
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What we verified from this filing6 verified · 1 withheld
- cash on handnote: Stated as approximately nil cash on hand for the Applicants; all disbursements funded via the DIP Loan. · as at: 2021-07-25 · amount: 0 · currency: CAD · qualifier: approximately nil
- financial positionnote: The Monitor states the Applicants do not generate any cash nor hold any cash balances or other realizable assets (other than YGC's negligible balance, nil on the Filing Date); separately, estimated Affected Landlord Claims (a subset of liabilities, USD) total $30.5 million per the Supporting/Remaining Landlord claims table. · basis: unaudited financial information, books and records prepared by the Company · scope: the Applicants (entity-level; excludes Individual Opcos and franchisees) · currency: CAD
- operational summaryThe Applicants have no employees and no operating cash flow of their own; rent obligations continue to be paid directly to landlords by Individual Opcos and franchisees, while the Applicants pursue lease terminations/amendments and a Plan of Compromise and Arrangement with landlords.
- recovery outcomeentries: basis: plan · quote: (ii) the Plan provides for the payment of 50% of each Affected Landlord Creditor's allowed claim amount; · pct of: allowed_claims · outcome: distribution · pct low: 50 · pct high: 50 · class key: landlord · stated by: monitor · class label: Affected Landlord Creditors · interim final: unstated · claims qualifier: unstated · stated on: 2021-07-29 · table missing:
- report date29 July 2021
- report noFifth Report
1 extracted value is withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.