Page last updated: September 22, 2020
This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
Delphi made a Plan of Compromise and Arrangement dated July 6, 2020 pursuant to the CCAA. A copy of Delphi's CCAA Plan can be found appended to the Creditor Virtual Meeting Order as well as the Information Circular.
Virtual creditors' meetings will be held on September 9, 2020. Relevant documents are filed under the "Creditors' Meetings" tab on this website. In the next few days, General Unsecured Creditors (other than Second Lien Beneficial Noteholders), that filed a Proof of Claim with the Monitor prior to the Claims Bar Date, will receive an email from the Monitor with the same relevant documents, as well as a Personal Meeting ID number.
Second Lien Beneficial Noteholders will receive an information package through a mailing intermediary as noted in the Creditor Virtual Meeting Order.
On April 14, 2020 (the “Filing Date”) Delphi Energy Corp. and Delphi Energy (Alberta) Limited (“Delphi”, the “Companies” or the “Applicants”) applied for and received an order (the “Initial Order”) for protection pursuant to the Companies’ Creditors Arrangement Act (“CCAA”), R.S.C.1985, c.C-36, as amended, from the Court of Queen’s Bench of Alberta (the “Court”). The Initial Order includes among other things, a stay of proceedings against the Companies, and the appointment of PricewaterhouseCoopers Inc., LIT as monitor of the Applicants (“PwC” or the “Monitor”).
In accordance with section 23 (1)(ii)(b) of the CCAA and the Initial Order, a notice will be sent within 5 days of the Filing Date to every known creditor of the Applicants who has a claim against the Companies of more than $1,000.
For copies of the Initial Order, Monitor’s Reports and relevant materials, please click on the links above.
The CCAA requires that the Monitor publish a list of the Companies’ creditors, showing the name, address, and amount owed at the Filing Date (the “Creditor List”). This is a 'snapshot in time' of the Companies’ obligations to their creditors, and every effort has been made to post an accurate list, recognizing it may not be complete at the Filing Date.
Please note the following with respect to the Creditor List:
© 2018 - 2020 PwC. All rights reserved. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.