Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / confirmation-memorandum-of-law.docx
confirmation-memorandum-of-law.docx
Parties
Crestline Packaging Solutions LLC
CPS Holdings Inc
OF CRESTLINE PACKAGING SOLUTIONS LLC
Harkness LLP
Hartwick LLP
Thornfield Capital Partners LP
Pinnacle Claims Administration LLC
Aldersgate Advisory Group LLC
Dates
August 29, 2022
April 22, 2022
May 18, 2022
July 15, 2022
June 20, 2022
July 8, 2022
August 10, 2022
October 13, 2022
October 13, 2024
October 13, 2017
Amounts
$312.6
$38.4
$29.1
$247.3
$191.3
$12.5
$195.0
$59.9
$14.8
$1.5
Obligations
In full and final satisfaction of their allowed claims, holders of Class 4 claims shall receive their pro rata share of a $1
On the Effective Date, all intercompany claims shall be reinstated or cancelled at the Debtors' discretion, in each case without any distribution
On the Effective Date, all existing equity interests shall be cancelled, and holders of Class 6 interests shall receive no distribution under the Plan
Of this 10% pool, 50% shall vest on a time-based schedule (three-year cliff vesting) and 50% shall vest on a performance-based schedule (subject to achievement of specified EBITDA targets to be established by the reorganized board)
The Management Incentive Plan shall dilute all equity classes pro rata
LEGAL STANDARD FOR CONFIRMATION Section 1129(a) of the Bankruptcy Code sets forth sixteen requirements that must be satisfied before a court may confirm a plan of reorganization