Ontario · CCAA
Update Report No. 17 dated June 19, 2018
Court officer report · 19 June 2018
A plain-language read of this filing opens with a subscription.
What we verified from this filing1 verified
- recovery outcomeentries: basis: unstated · quote: The honorable court is requested to exercise its power and to give the functionary of Urbancorp. Inc. (hereinafter: 'the functionary' and 'the company,' respectively) approval to distribute to the secure creditor of the company, Reznik Paz Nevo Trusts Ltd., trustee for the holders of the series A bonds (hereinafter: 'the secure creditor' ), a second interim dividend from money that was received from the sale of assets of subsidiaries in a sum of NIS 16,484,851 and a first interim dividend to the unsecured creditors of the company in a sum of NIS 2,795,149, all of which as stated below. · pct of: unstated · outcome: distribution · class key: secured · stated by: unstated · amount low: 16484851 · amount high: 16484851 · class label: secure creditor of the company, Reznik Paz Nevo Trusts Ltd., trustee for the holders of the series A bonds · creditor name: Reznik Paz Nevo Trusts Ltd. · interim final: interim · claims qualifier: unstated; basis: unstated · quote: The honorable court is requested to exercise its power and to give the functionary of Urbancorp. Inc. (hereinafter: 'the functionary' and 'the company,' respectively) approval to distribute to the secure creditor of the company, Reznik Paz Nevo Trusts Ltd., trustee for the holders of the series A bonds (hereinafter: 'the secure creditor' ), a second interim dividend from money that was received from the sale of assets of subsidiaries in a sum of NIS 16,484,851 and a first interim dividend to the unsecured creditors of the company in a sum of NIS 2,795,149, all of which as stated below. · pct of: unstated · outcome: distribution · class key: unsecured · stated by: unstated · amount low: 2795149 · amount high: 2795149 · class label: unsecured creditors of the company · interim final: interim · claims qualifier: unstated; basis: actual · quote: Together with the first distribution that was made to the bondholders in a sum of NIS 76,000,000, the total repayment to the company' s creditors is expected to amount to a sum of more than NIS 95 million . · pct of: unstated · outcome: distribution · class key: secured · stated by: unstated · amount low: 76000000 · amount high: 76000000 · class label: bondholders (first distribution) · interim final: unstated · claims qualifier: unstated; basis: unstated · quote: This total amount constitutes a repayment of more than 50% of the total approved debt. · pct of: unstated · outcome: distribution · pct low: 50 · pct high: 50 · stated by: unstated · cumulative: true · class label: total approved debt · interim final: unstated · claims qualifier: unstated · table missing: