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Timminco Limited and Bécancour Silicon Inc.
The following reports have been filed in the proceedings:
 Seventh Report of the Monitor |
May 15, 2012 |
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| Monitor’s 6th report addressing the auction and the stay extension |
April 25, 2012 |
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| Fifth Report on the extension of Phase II Bid Deadline |
April 9, 2012 |
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| Monitor’s Fourth Report |
March 7, 2012 |
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The Monitor’s Fourth Report with respect to the Security Opinion, the Stalking Horse Bid, the Bid Procedures and the DIP Amendment
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| Monitor’s Third Report |
January 24, 2012 |
The Monitor’s Third report provides an update to the Court on the following:
a) The receipts and disbursements of the Timminco Entities for the period from January 7 to January 13, 2012;
b) The Timminco Entities’ request for approval of the DIP Agreement dated as of January 18, 2012 (the “DIP Agreement”) between QSI Partners Ltd. (the “DIP Lender”), Timminco and BSI and for the granting of a charge securing the DIP Obligations, as defined in the DIP Agreement (the “DIP Lender’s Charge”) and the Monitor’s recommendation on the foregoing;
c) The Timminco Entities’ revised and extended cash flow forecast for the period January 14 to June 29, 2012 (the “January 18 Forecast”); and
d) The Timminco Entities request for an extension of the Stay Period to April 30, 2012 and the Monitor’s recommendation thereon.
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| Monitor's Second Report (Cash Flow) |
January 11, 2012 |
The Monitor’s Second Report provides additional information the Court on the following:
(a) The activities of the Timminco Entities and the Monitor since the commencement of the CCAA Proceedings;
(b) The receipts and disbursements of the Timminco Entities for the period from the start of the CCAA Proceedings to January 6, 2012; and
(c) The Timminco Entities’ revised and extend cash flow forecast for the period January 7 to February 17, 2012 (the “January 9 Forecast”).
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| Monitor’s First Report to the Court |
January 6, 2012 |
The purpose of this, the Monitor’s First Report, is to inform the Court on the following:
(a) The state of the business and affairs of the Timminco Entities and the causes of their financial difficulty and insolvency;
(b) The Timminco Entities’ weekly cash flow forecast to February 2, 2012 (the “January 3 Forecast”);
(c) The Timminco Entities’ request for approval of a key employee retention plan (the “KERP”) and the granting of a charge to secure the Timminco Entities obligations thereunder (the “KERP Charge”), and the Monitor’s recommendations on the foregoing;
(d) The Timminco Entities’ request for approval to suspend their obligation to make certain contributions other than normal cost contributions (“Special Payments”) with respect to the three pension plans sponsored by the Timminco Entities (the “Pension Plans”) and the Monitor’s recommendation thereon;
(e) The Timminco Entities’ request for an Order granting super-priority to the Administration Charge, the KERP Charge and the D&O Charge and the Monitor’s recommendation thereon.
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