Ontario · Foreign recognition (CCAA)
First Report of the Information Officer (September 6, 2019)
Court officer report · 6 September 2019
What we verified from this filing7 verified
- secured creditorsnote: Amount in millions per document table; JC Canada Group (Canadian Borrowers) had no amount drawn under Canadian Sub-Facility as of Filing Date · page: 29 · as of: Filing Date · amount: 49.8 · debtor: US Borrowers (Jack Cooper Holdings Corp. and certain US-based subsidiaries) · creditor: Wells Fargo Capital Finance, LLC (Wells Fargo) - ABL Facility · currency: USD · security: First-priority liens on ABL Priority Collateral (cash, accounts receivable, inventory of US Debtors); Canadian Borrowers have not guaranteed obligations; Commitment: $85 million revolving facility with $5 million ABL Canadian Sub-Facility
- secured creditorsnote: JC Canada Group is neither borrower nor guarantor; amount in millions · page: 30 · as of: Filing Date · amount: 188.7 · debtor: US Borrowers only · creditor: Cerberus Business Finance Agency, LLC (Cerberus) - First Lien Term Loan · currency: USD · security: First on Term Loan Priority Collateral; Second on ABL Priority Collateral
- secured creditorsnote: JC Canada Group is neither borrower nor guarantor; amount in millions · page: 30 · as of: Filing Date · amount: 45.5 · debtor: US Borrowers only · creditor: Junior Term Loan Lenders (Wilmington Trust, National Association as administrative agent) - 1.5 Lien Term Loan · currency: USD · security: Second on Term Loan Priority Collateral; Third on ABL Priority Collateral
- secured creditorsnote: JC Canada Group is neither borrower nor guarantor; amount in millions · page: 30 · as of: Filing Date · amount: 291.4 · debtor: US Borrowers only · creditor: Junior Term Loan Lenders - Second Lien Term Loan · currency: USD · security: Third on Term Loan Priority Collateral; Fourth on ABL Priority Collateral
- unsecured creditorsnote: Chapter 11 Debtors intend to pay these prepetition amounts in the normal course; secured by CAD$500,000 Load Broker Trust Funds held in trust by Information Officer · page: 33 · as of: 2019-07-31 · basis: Based on the JC Canada Group's books and records, as at July 31, 2019 · amount: 400000 · debtor: JC Canada Group · creditor: Load Broker Parties and other critical vendors (Owner/Operators, third-party brokers and carriers) · currency: CAD
- unsecured creditorsnote: Related party claim; JC Canada Group net intercompany payable position; assumed to be asserted and proven valid in claims process for liquidation analysis purposes · page: 33 · as of: Filing Date · basis: As reported in Pre-Filing Report based on books and records · amount: 16900000 · debtor: JC Canada Group · creditor: Intercompany payable to Chapter 11 Debtors (US entities) · currency: USD
- unsecured creditorsnote: Amounts intended to be stayed during Restructuring Proceedings absent possessory or similar lien claims; comprised of approximately 100 trade creditors with no single creditor owed more than CAD$50,000; potentially affected by priming charge in Interim DIP Order · page: 34 · as of: 2019-07-31 · basis: Based on the JC Canada Group's books and records, as at July 31, 2019 · amount: 450000 · debtor: JC Canada Group · creditor: Affected Creditor Group (vendors including parts suppliers, mechanics, logistics and service providers, landlords and other suppliers) · currency: CAD