Alberta · CCAA
5. Fifth Report of the Monitor
Court officer report · 10 September 2008
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
- secured creditorsnote: Described as 'the secured lender and a significant stakeholder'; leads a lending syndicate (an affiliate of BMO Capital Markets is a syndicate member); no balance stated on these pages. · page: 11 · debtor: 1380331 Alberta ULC / SemCAMS ULC / SemCanada Crude Company · creditor: Bank of America ("BoA") · currency: CAD
- process resultsnote: three written responses and one verbal response indicated the parties were not interested in purchasing; Scratch and Setka's initial offer was unacceptable, a later negotiated offer was acceptable · solicited: 5
- purchaser1374928 Alberta Ltd. and 1038874 Alberta Ltd.
- sale advisorBMO Nesbitt Burns Inc. (BMO Capital Markets)
- sale outcometext: APA for sale of 138's assets to Scratch and Setka's corporations executed subject to Court approval; Monitor recommends approval · scope: whole_business · status: pending_approval