On June 16, 2009, Allarco Entertainment Inc. and Allarco Entertainment 2008 Inc. filed under the CCAA in Alberta.
Allarco Entertainment owns Super Channel, an Edmonton-based TV network. According to Court documents, Super Channel has approximately 222,000 subscribers. Super Channel broadcasts feature films, original series, specials and mini-series in high definition.
On June 17, 2009, Eddie Bauer Holdings, Inc. filed under Chapter 11 of the U.S. Bankruptcy Code in Delaware and under the CCAA in Ontario.
Eddie Bauer announced that it is pursuing a sales process under Section 363 of the U.S. Bankruptcy Code and under the CCAA. It entered into an asset purchase agreement with an affiliate of CCMP Capital Advisors, LLC to sell its assets, subject to an auction and Court approval, for $202 million in cash with working capital and similar adjustments. Eddie Bauer also announced that it secured commitments from its existing revolving credit lenders (Bank of America, N.A., GE Capital Corporation and CIT Group/Business Credit, Inc.) for debtor-in-possession financing of $90 million on an interim basis and $100 million based on final Court order. Eddie Bauer also announced that it received notice that its common stock will be delisted from the Nasdaq Stock Market.
Eddie Bauer is a specialty retailer that sells outerwear, apparel and accessories. Eddie Bauer has stores throughout the U.S. and Canada.
On June 18, 2009, Fraser Papers Inc. and its subsidiaries filed under the CCAA in Ontario. On June 19, 2009, Fraser Papers and its subsidiaries also filed under Chapter 15 of the U.S. Bankruptcy Code in Delaware. Fraser Papers announced that CIT Business Credit Canada agreed to continue to revolve Fraser Papers' existing working capital facility, that Brookfield Asset Management agreed to provide debtor-in-possession financing and that the two facilities will provide up to $20 million for operations during the restructuring.
Fraser Papers is a specialty paper company that produces a broad range of specialty packaging and printing papers. Fraser Papers has operations in New Brunswick, Maine, New Hampshire and Quebec.