Alberta · CCAA
Monitor's 21st Report, filed November 15, 2019
Court officer report · 15 November 2019
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 filing1 verified
- recovery outcomeentries: basis: actual · quote: As a result, the Monitor is of the view that it is appropriate to make an eighth interim distribution (the ' Eighth Interim Distribution ') from Net Sale Proceeds and Net Collections to the Syndicate in the amount of CAD$1.5 million. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: monitor · amount low: 1500000 · cumulative: false · amount high: 1500000 · class label: Syndicate · creditor name: Syndicate · interim final: interim · conditional on: subject to a Holdback of approximately CAD$34.2 million · currency quote: CAD$1.5 million · claims qualifier: unstated; basis: actual · quote: To date, the Company has made Court approved post-filing interim distributions to the Syndicate in the aggregate amount of CAD$300 million, excluding interest. · pct of: unstated · outcome: distribution · currency: CAD · class key: secured · stated by: monitor · amount low: 300000000 · cumulative: true · amount high: 300000000 · class label: Syndicate · creditor name: Syndicate · interim final: interim · currency quote: CAD$300 million · claims qualifier: unstated · stated on: 2019-11-15 · table missing: