http://CFCanada.fticonsulting.com
Home
Status Updates
Court Orders
Reports
Motion Materials
Other Documents & Notices
FAQ's
Service List
Press Releases
Chapter 15 Proceedings

Primus - Status Updates

March 9, 2017

On March 9, 2017, the Court issued an order extending the Stay of Proceedings until the earlier of (i) the filing of the Monitor's Certificate with the Court, or (ii) September 1, 2017.


September 16, 2016

On September 16, 2016, the Court issued an order terminating the CCAA Proceedings and discharging the Monitor upon the Monitor filing a certificate (the “Monitor’s Certificate”) certifying that all matters required to terminate the CCAA Proceedings have been completed (the “Termination and Discharge Order”). The Termination and Discharge Order also provides for the extension of the Stay of Proceedings until the earlier of (i) the filing of the Monitor’s Certificate with the Court, or (ii) March 19, 2017.


March 2, 2016

On March 2, 2016, the Order was issued by the Court (the “Assignment Order”) to assign the rights and obligations of certain of the Primus Entities under certain contracts as required under the Asset Purchase Agreement approved by the Court on February 25, 2016.


February 25, 2016

On February 25, 2016, the Order was issued by the Court for the following:
(i) Approving the Agreement of Purchase and Sale ("APA") made and entered into as of January 19, 2016 between the Primus Entities and Birch Communications, Inc.;
(ii) Extending the Stay Period (as defined in the Initial Order of Justice Penny dated January 19, 2016) to September 19, 2016; and
(iii) Authorizing the Monitor to make certain disbursements (as set out in greater detail in the draft Stay Extension and Distribution Order).


January 19, 2016

On January 19, 2016 PT Holdco, Inc. ("Holdco"), Primus Telecommunications Canada Inc. ("Primus Canada"), PTUS, Inc. ("PTUS"), Primus Telecommunications, Inc. ("PTI") and Lingo, Inc. ("Lingo", and together with PTUS, PTI, Holdco and Primus Canada, the "Primus Entities") sought and obtained an order (the "Primus Initial Order") under the Companies' Creditors Arrangement Act (the "CCAA") from the Ontario Superior Court of Justice - Commercial List (the "Court"). Pursuant to the Primus Initial Order, FTI Consulting Canada Inc. has been appointed as Monitor. The Primus Initial Order also provides for a stay of all proceedings against the Primus Entities until February 18, 2016, subject to further extensions by the Court (the "Primus Stay of Proceedings").


Contact FTI

FTI Consulting
TD Waterhouse Tower
79 Wellington Street West
Suite 2010, P.O. Box 104
Toronto, Ontario M5K 1G8

Useful Links

FTI Consulting
Office of the Superintendent of Bankruptcy Canada