The Arctic Glacier insolvency proceedings presented some unique challenges due to the size of the insolvency, multiple offices over a wide geographic location and the cross border issues of the Chapter 15 filing.  Hear from the professionals involved in the proceedings about the strategies that lead to the successful restructuring . 

The discussion will focus on:

• The filing platform for the Arctic Glacier group including the filing of the U.S. operating subsidiaries under Chapter 15 of the United States Bankruptcy Code.
• The Sale and Investor Solicitation Process (SISP) leading to the successful completion of the sale transaction
  • Using confidential qualifying bids instead of a stalking horse and open auction process
  • Secured lender participation in the SISP and the complexities raised in the process as a result of competitive issues in the packaged ice industry
• The unique aspects of the Claims Process for the Arctic Glacier group including the treatment of both Canadian and U.S. class actions as part of the insolvency proceedings.

Learn why the Turnaround Management Association (TMA) awarded the 2013 Transaction of the Year, in the mid-size company category, to the sale of Arctic Glacier. 

PROGRAM CHAIR

Domenico Magisano, Lerners LLP

SPEAKERS

Scott Bomhof, Torys LLP, Counsel to Senior Lenders
Kevin McElcheran, McCarthy Tétrault LLP, Counsel to the Applicants
Richard Morawetz, Alvarez & Marsal Canada, Court Appointed Monitor
Marc Wasserman, Osler, Hoskin & Harcourt LLP, Counsel to the Monitor
Jeremy Dacks, Osler, Hoskin & Harcourt LLP, Counsel to the Monitor