A credit bid submitted by an ad hoc committee of holders of about 91.5% of the company’s 9.875% second lien secured notes due 2019 has been accepted about three weeks before Lightstream loses its bankruptcy protection.
The company originally filed for protection under Alberta’s Companies’ Creditors Arrangement Act (CCAA) in September after failing to pay down debt of about C$1.2 billion (US$890 million).
The
