Nemaska Lithium Inc NMKEF

CCAA Companies' Creditors Arrangement Act

[Tcheck]

everything is possible

all bets are on

from BNN -about cirque du soleil
in much worst shape then we are .

Cirque du Soleil Entertainment Group agreed to back a purchase agreement
from a group of its secured lenders, setting the minimum acceptable bid
 in its court-supervised sales process.

A committee of creditors that includes existing first lien
and second lien lenders struck a deal with Cirque to acquire substantially
all of the entertainment company’s assets in exchange for the cancellation of existing debt,
 Cirque said in a statement Thursday, confirming a Bloomberg story.

Cirque is scheduled to present the new restructuring plan,
which also includes as much as $375 million in new capital,
 to a Quebec court on Friday. If the agreement is approved by the judge,
 it will serve as the new stalking-horse bid for the company,
 setting the floor price for other parties.

Other potential bidders would have until Aug. 10
 to present competing proposals, and an auction would happen no later than Aug. 17.

“The cooperation of the creditor group has been extraordinary
to achieve our objective to recapitalize and revitalize the Cirque,
” Gabriel de Alba, a partner at Catalyst Capital Group Inc.,
 one of the biggest creditors, said in a message.
 “This is an important transaction and we are excited to bring back the artisans,
 trades and team members once it is approved.”