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Mitel Networks Corporation - Reports
The following reports have been filed in the proceedings:
Second Report of the Information Officer |
April 22, 2025 |
The purpose of the Second Report of the Information Officer (the "Second Report") is to provide information to the Canadian Court with respect to the following:
(a) The Information Officer's view that the Plan is fair and reasonable;
(b) On the Effective Date, these Recognition Proceedings will no longer be required;
(c) The Foreign Representative's request for an Order releasing and discharging the DIP Lenders' Charges;
(d) The stay of proceedings contained in the Initial Recognition Order will be terminated;
(e) FTI shall be discharged and released from its duties and obligations as the Information Officer; and
(f) a summary of the activities of the Information Officer since its appointment.
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First Report of the Information Officer |
April 8, 2025 |
The purpose of the First Report of the Information Officer (the "First Report") is to provide information to the Canadian Court with respect to the following:
(a) certain background information concerning the Debtors, the Chapter 11 Cases and these Recognition Proceedings (together, the "Restructuring Proceedings");
(b) the Information Officer's views regarding the Foreign Representative's application for an order (the "Second Supplemental Order"), among other things, recognizing and enforcing the following orders of the U.S. Court (collectively, the "Foreign Orders"), each of which are final versions of interim orders that were granted by the U.S. Bankruptcy Court as part of the First Day Orders and recognized by the Court pursuant to the Supplemental Order:
i. Final Order (I) Authorizing the Debtors to (A) Obtain Postpetition Financing,
(B) Use Cash Collateral, and (C) Grant Liens and Provide Superpriority
Administrative Expense Claims, (II) Granting Adequate Protection to
Prepetition Secured Parties, (III) Modifying the Automatic Stay, and (IV)
Granting Related Relief (the "Final DIP Order");
ii. Final Order (I) Authorizing the Debtors to (A) Continue to Operate Their Cash
Management System, (B) Honor Certain Prepetition Obligations Related
Thereto, (C) Maintain Existing Business Forms and Books and Records, and
(D) Continue to Perform Intercompany Transactions; and (II) Granting Related
Relief (the "Final Cash Management Order"); and
iii. Final Order (I) Establishing Notification and Hearing Procedures for Certain
Transfers of and Declarations of Worthlessness with Respect to Interests of
MLN US Topco Inc. and (II) Granting Related Relief (the "Final NOL Order");
(c) a summary of the recent developments of the Chapter 11 Cases; and
(d) a summary of the activities of the Information Officer since its appointment.
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Pre-Filing Report of the Proposed Information Officer |
March 17, 2025 |
The purpose of the Pre-Filing Report of the Proposed Information Officer is to provide the Court with the following:
(a) certain background information regarding the Debtors, the Chapter 11 Cases and these Recognition Proceedings (together, the "Restructuring Proceedings";
(b) the qualifications of FTI to act as information officer in these Recognition Proceedings (if appointed in such capacity, the "Information Officer");
(c) the Proposed Information Officer's views regarding the Foreign Representative's application for the Initial Recognition Order;
(d) the Proposed Information Officer's views regarding the Foreign Representative's application for the Supplemental Order; and
(e) the activities of the Proposed Information Officer to date.
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