Motion for Approval of Approval of Asset Purchase Agreement with Buyers

114 Pages·2017·5.89 MB·English

Court File No. CV-17-11846-00CL
ONTARIO
SUPERIOR COURT OF JUSTICE
COMMERCIAL LIST
IN THE MATTER OF THE COMPANIES’ CREDITORS’
ARRANGEMENT ACT, R.S.C. 1985, c. C-36, AS AMENDED
AND IN THE MATTER OF A PLAN OF COMPROMISE OR
ARRANGEMENT OF SEARS CANADA INC., CORBEIL
ÉLECTRIQUE INC., S.L.H. TRANSPORT INC., THE CUT INC.,
SEARS CONTACT SERVICES INC., INITIUM LOGISTICS
SERVICES INC., INITIUM COMMERCE LABS INC., INITIUM
TRADING AND SOURCING CORP., SEARS FLOOR
COVERING CENTRES INC., 173470 CANADA INC., 2497089
ONTARIO INC., 6988741 CANADA INC., 10011711 CANADA
INC., 1592580 ONTARIO LIMITED, 955041 ALBERTA LTD.,
4201531 CANADA INC., 168886 CANADA INC., AND 3339611
CANADA INC.
APPLICANTS
MOTION RECORD OF THE APPLICANTS
(Motion for Approval of Approval of Asset Purchase Agreement with Buyers Group of
Mississauga Inc. and DirectBuy Home Improvement Inc. returnable December 21, 2017)
December 19, 2017 OSLER, HOSKIN & HARCOURT LLP
Box 50, 1 First Canadian Place
Toronto, ON M5X 1B8
Marc Wasserman LSUC# 44066M
Tel: [phone]
Jeremy Dacks LSUC# 41851R
Tel: [phone]
Tracy Sandler LSUC# 32443N
Tel: [phone]

Karin Sachar LSUC# 59944E
Tel: [phone]

Lawyers for the Applicants
TO: SERVICE LIST
Updated Dec. 19, 2017 at 10:39 AM
Courl File No. CV-17-1 1846-00CL
ONTARIO
SUPERIOR COURT OF JUSTICE
(COMMERCIAL LIST)
IN THE MATTER OF THE COMPANIES' CREDITORS
ARRANGEMENTICZ, R.S.C. 1985, c. C-36, AS AMENDED
AND IN THE MATTER OF A PLAN OF COMPROMISE OR
ARRANGEMENT OF SEARS CANADA INC., CORBEIL ELECTRIQUE INC.,
S.L.H. TRANSPORT INC., THE CUT INC., SEARS CONTACT SERVICES
INC., INITIUM LOGISTICS SERVICES INC., INITIUM COMMERCE LABS
INC., INITIUM TRADING AND SOURCING CORP., SEARS FLOOR
COVERING CENTRES LNC.,173470 CANADA INC., 2497089 ONTARIO
INC., 6988741 CANADA INC., 1OOI171I CANADA INC., I592580 ONTARIO
LIMITED, 955O4l ALBERTA LTD., 42OI53I CANADA INC., 168886
CANADA INC., AND 3339611 CANADA INC.
Applicants
SERVICE LIST
TO OSLBR, HOSKIN & HARCOURT LLP
Box 50, I First Canadian Place
Toronto, ON M5X 188
Marc Wasserman
Tel: +l
416.862.4908
Jeremy Dacks
Tel:
+1 416.862.4923
Tracy Sandler
Tel: +l
416.862.5890
Michael De Lellis
Tel: +l
416.862.5997
Shawn Irving
Tel:
416.862.4733
Martino Calvaruso
Tel:
+1 416.862.6665
Karin Sachar
Tel: +l
416.862.5949
Fax: +l
416.862.6666
lrwassennan@osler. com
jdacks(@osler.corn
[email protected]
rndelelli s(@osler.com
sirving(@osler.com
[email protected]
[email protected]'ì
Lawyers for the Applicants
AND FTI CONSULTING CANADA INC. AND NORTON ROSB F'ULBRIGHT CANADA LLP
TO: TD Waterhouse Tower TO: Royal Bank Plaza, South Tower
79 \Mellington Street West 200Bay Street, Suite 3800, P.O. Box 84
Suite 2010, P.O. Box 104 Toronto, Ontario }l5J 224
Toronto, Ontario M4K 1G8
Orestes Pasparakis
Tel: +l
Greg Watson 416.216.4815
Paul Bishop Virginie Gauthier
Tel: +l
Jim Robinson 416.216.4853
Steven Bissell Alan Merskey
Tel:
Linda Kelly +1 416.216.4805
Kamran Hamidi Evan Cobb
Tel:
+1 416.216.1929
Toll Free: 1.855.649.81 13 Alexander Schmitt
Tel: [phone] Tel: +l 416.216.2419
+1416.649.8113 Catherine Ma
Fax: Tel:
+1416.649.8101 +1 416.216.4838
Fax: +l
416.216.3930
searscanada@fticonsulting. com
greg.watson@fticonsulting. com orestes.pasparaki s@nortonro sefu lbri ght. com
[email protected] v irginie. gauthi er@nortonrosefu lbri ght.com
jim.robinson@fticonsulting. com a lan. merskey@nortonrosefu lbri ght. com
steven.bissell@fticonsulting. com evan. cobb@nortonrosefulbri ght. com
linda. kelly@fticonsulting. com alexander. schmitt@norlonro sefu lbright. com
kamran.hamidi@fticonsulting. com catherine. ma@nortonro sefu lbri ght. com
Monitor Lawyers to the Monitor, FTI Consulting Canada
Inc.
AND BENNETT JONES LLP AND KOSKIB MINSKY LLP
TO: 3400 One First Canadian Place TO: 20 Queen Street West, Suite 900,
P.O. Box 130 Box 52
Toronto, Ontario M5X 144 Toronto, Ontario M5H 3R3
Gary Solway Andrew J. Hatnay
Tel: +l Tel: +l
416.777.6555 416.595.2083
Sean Zweig Mark Zigler
Tel: +l Tel: +l
416.777.6254 416.595.2090
Fax: +l 416.863.1716 Fax: [phone]
so lwayg@bennettj ones. com [email protected]
zw eigs@b ennettj one s. co m mziglerOkm law.ca
Lawyers to the Board of Directors and Representative Counsel for Active Employees and
the Special Committee of the Boarcl of Retirees of Sears Canada Inc. with respect to
Directors of Sears Canada Inc. pension matters regarding the def,rned benefit
component of the Sears Pension Plan, the
Supplemental Plan and the post-employment
benefìts
2
AND GOODMANS LLP AND CASSELS BROCK & BLACK\ryELL LLP
TO: Bay Adelaide Centre TO: Suite 2100, Scotia Plaza
333 Bay Street, Suite 3400 40 King Street West
Toronto, Ontario M5H 2S7 Toronto, Ontario M5H 3C2
Joe Latham Ryan C. Jacobs
Tel: Tel: +l
+1 416.597.4211 416.860.6465
Ryan Baulke Jane O. Dietrich
Tel: [phone] Tel: [phone]
Fax: [phone] R. Shayne Kukulowicz
Tel: +l
416.860.6463
[email protected] Tim Pinos
Tel: +l
[email protected] 416.869.5184
Lara Jackson
Lawyers to Wells Fargo Capital Finance Tel: +l 416.860.2907
Corporation Canada as DIP ABL Agent, Ben Goodis
as well as the Lenders thereunder Tel: +l 416.869.5312
Fax: +l
416.360.8877
[email protected]
j di etrich(@cas sel sbro ck. com
skuku I owicz(@ ca s s el sbro ck. com
[email protected]
ljackson@casselsbiock. com
bgoodis@casselsbrock. com
Lawyers to GACP Finance Co., LLC as DIP Term
Loan Agent and Tem Loan Agent, as well as the
Lenders thereunder
AND ALVAREZ & MARSAL AND KSV ADVISORY INC.
TO: Royal Bank Plaza, South Tower TO: 150 King Street West, Suite 2308
200 Bay Street, Suite 2900, P .O. Box 22 Toronto, Ontario, M5H 1J9
Toronto, Ontario M5J 2J1
Douglas Mclntosh Bobby Kofman
dmcinto sh@alvarezandmarsal. com bko fman@ksvadvisory. com
Al Hutchens Noah Goldstein
ahu tchens @ alv ar ezandmarsal. com ngoldstein@ksvadvisory. com
Joshua Nevsky f inancial Advisor to the Special Committee of the
jnevsky@alvarezandmarsal. com Board of Directors of Sears Canada Inc.
Steven Glustein
s glustein@alvarezandm arsal. com
Aclvisors to the DIP ABL Lenders and
DIP Term Loan Lenders
J
AND DAVIES WARD PHILLIPS & AND AIRD & BBRLIS LLP
TO: VINEBERG LLP TO: Brookfield Place
155 'Wellington Street West lBl Bay Street, Suite 1800
Toronto, Ontario M5V 3J7 Toronto, Ontario M5J 2T9
Robin B. Schwill Steven L. Graff
Tel: [phone] Tel: +l 416.865.7726
Natasha MacParland Fax: [phone]
Tel: +l
416.863.5567 graff@airdberlis. com
s
Fax:
+1 416.863.0871
Lawyers to Beauty Express Canada Inc
[email protected]
[email protected]
Lawyers to The Cadillac Fairview
Corporation Limited
AND URSEL PHILLPS FELLOWS AND PALIARB ROLAND ROSENBERG
TO: HOPKINSON LLP TO: ROTHSTEIN LLP
555 Richmond Street West, Suite 1200 155 Wellington St West, 35th Floor
Toronto, Ontario M5V 3Bl Toronto, Ontario M5V 3H1
Susan Ursel Ken Rosenberg
Tel: +l Tel: +l 416.646.4304
416.969.3515
Max Starnino
Ashley Schiuitema
Tel: +l Tel: [phone]
416.969.3062
Lily Harmer
Saneliso Moyo
Tel: [phone] Tel: +l 416.646.4326
Kristen Allen Lauren Pearce
Tel: +l 416. 416.969.3502 Tel: +l 416.646.6308
Katy O'Rourke Bmily Lawrence
Tel: +l 416.969.3507 Tel: +l 416.646.7475
Fax: +l 416.968.0325 Elizabeth Rathbone
Tel: +l
416.646.7488
Fax: +l
[email protected] 416.646.4301
A S chuit em a@tp fhlaw . c a
[email protected] ken. ro senb e r g@p aliar ero land. com
[email protected] m ax. starnin o @pali arero I and. com
[email protected] I i ly. harmer(@paliareroland. com
auren. pearc e(@paliareroland. com
I
Representative Counsel for Cunent and emily.lawrence@)paliareroland.com
Former Employees el i zabeth.rathbone(@paliarerolancl. com
Lawyers to the Superintendent of Financial
Services as Administrator of the Pension Benefits
Guarantee Fund
4
AND THORNTON GROUT FINNIGAN AND BLAKE, CASSELS & GRAYDON LLP
TO:
TO: LLP 1 Place Ville Marie, Suite 3000
100 Wellington St. West, Suite 3200 Montreal, Quebec H3B 4N8
TD West Tower, Toronto-Dominion
Centre Bernard Boucher
Tel: +l
Toronto, Ontario M5K lK7 514.982.4006
Sébastien Guy
Tel:
D. J. Miller +1 514982.4020
Tel: +l Fax: +l
416.304.0559 514.982.4099
Mudasir Marfatia
Tel:
+l416.304.0332 bernard.boucher@blakes. com
Fax: +I 416.304.1313 sebastien. [email protected]
[email protected] Lawyers for Ovation Logistic Inc.
[email protected]
Lawyers for Oxford Properties Group
Inc.
AND MILLER THOMSON LLP AND SEALY CANADA LTD.
TO: Scotia Plaza TO: c/o Tempur Sealy Intemational, Inc.
40 King Street West, Suite 5800 1000 Tempur Way
P.O. Box l01l Lexington, Kentucky 40511 USA
Toronto, Ontario M5H 3S1
Joseph M. Kamer
Jeffrey C. Carhart SVP, General Counsel and Secretary
Tel: +l
Tel: 416,595.8615 859.455.2000
Sherry Kettle j oe.kamer@tempursealy. com
Tel: [phone]
Fax: [phone]
j c arhart@mi I I erthom s o n. c o m
skettle@millerthomson. com
Lawyers for Sealy Canada Ltd., Gestion
Centurian Inc., 1390658 Ontario Inc. o/a
TEMPUR Canada and MTD Products
Limited
Ã
AND THORNTON GROUT FINNIGAN AND BORDBN LADNER GBRVAIS LLP
TO: LLP TO: 1000, rue De La Gauchetière Ouest,
100 Wellington St. West, Suite 3200 Bureau / Suite 900,
TD'West Tower, Toronto-Dominion Montréal, QC, H3B 5H4
Centre
Francois D. Gagnon
Toronto, Ontario M5K lK7 Tel:
+1 514.954.2553
Eugénie Lefebvre
Leanne M. Williams Tel: +l
Tel: +l 514.954.2502
416.304.0060
Fax: [phone]
Puya Fesharaki
Tel:
+1 416.304.7979
Fax: [phone] [email protected]
[email protected]
[email protected]
Lawyers for Bell Canada
[email protected]
Lawyers for Whirlpool Canada Inc.
AND BISHOP & MCKENZIE LLP AND SHIBLEY RIGHTON LLP
TO: suire 2300, 10180 - 101 Street TO: 250 University Avenue, Suite 700
Edmonton, Alberta T5J 1V3 Toronto, Ontario M5H 3E5
Jerritt R. Pawlyk Charles Simco
Tel: [phone] Tel: [phone]
[email protected] Fax: [phone]s
Isabelle Eclder
Tel:
Lawyers for Clifton Associates Ltd. +1416.214s269
Fax: +l
416.214 s469
charles. simco@shibleyri ghton. com
isab elle. eckler@shibleyrighton. com
Lawyers for the Respondent, 152610 Canada Inc
carrying on business as Laurin and Company
General Contractor
AND COMINAR REAL BSTATE AND
TO: INVBSTMENT TRUST TO
Cornplexe Jules-Dallaire - T3
2820 boul. Laurier, bureau 850
Quóbcc QC GIV 0C1
Andrée Lemay-Roux
Tel: +l 418.68l .6300 ext.2268
Fax: +l
418.681-2946
and ree. lenrayroux@)cominar.com
6
AND SPORTS INDUSTRY CREDIT AND CANADIAN DOWN & FEATHBR
TO: ASSOCIATION TO: COMPANY INC.
245 Victoria Ave., Suite 800 135 St. Regis Crescent South
Westmount, Québec, H3Z 2I[i46 Toronto, Ontario M3J 1Y6
Brian Dabarno Ashwin Aggarwal
Tel: +l Tel: +l
514.931.5561 416.532.3200
Fax: [phone] ashwin@canadiandownandfeather. com
[email protected]
AND FOGLBR, RUBINOFF LLP AND MINDEN GROSS LLP
TO: Lawyers TO: 2200 - 145 King Street West
77 King Street West, TD Centre Toronto, ON M5H 4G2
Suite 3000, Norlh Tower
Toronto, Ontario M5K 1 G8 Timothy R. Dunn
Tel:
+1416.369.4335
Martin R. Kaplan Fax: [phone]
Tel:
+1 416.941.8822 tdunn@mindengro ss. com
Vern W. DaRe
Tel: [phone] Lawyers for NADG (LPM) G.P. Ltd. and I.G.
Fax: [phone] Investment Management, Ltd. (Lynden Park
Mall - Brantford, Ontario), Parlners REIT
[email protected] (Comwall Square Mall - Cornwall, Ontario),
[email protected] Acrylic Fabricators Limited, Serruya Private
Equity Inc. (Promenade Mall, Vaughan),
Lawyers for Metroland Media Group Strathallen Acquisitions Inc. (1000 Islancls Mall,
Ltd. Brockville, ON and Truro Mall, Truro, NS) and
Natuzzi Americas Inc.
AND LPLV Avocats, s.e.n.c. AND KATTEN MUCHIN ROSBNMAN LLP
TO:
TO: 480 boul Saint-Laurent, bureau, 200 575 Madison Avenue
Montréal Québec H2Y 3Y7 New York, NY 10022-2585
Nadia Guizani Darius J. Goldman
Tel: +l Tel: +l212.940.6355
514.798.6671
Fax: [phone] Fax: [phone]
[email protected] darius. [email protected]
Lawyers for 9145-07 67 Quebec Inc.
(Owner of the shopping centre known as
"Placc du Saguenay") and 9145-0718
Quebec Inc. (Owner of the shopping
centre known as "Centre Alma")
7
AND MCLBAN & KERR LLP AND BLANEY MCMURTRY LLP
TO 130 Adelaide Street West, TO: 2 Queen Street East, Suite 1500
suite 2800 Toronto Ontario M5C 3G5
Toronto, Ontario M5H 3P5
Walter R. Stevenson John C. Wolf
Tel: +l 416.369.6602 Tel: +l 416.593.2994
Linda Galessiere David T. Ullmann
Tel: [phone] Tel: [phone]
Fax: +l
Gustavo F. Camelino 416.594.2437
Tel: +l
416.369.6621
Fax: +l 416.366.8571 [email protected]
[email protected]
w st ev enson(@mcl eankelr. com
I ga I essi ere@mc1 eankerr. com Lawyers for the Respondents, Bentall Kennedy
gc arnel ino @mcl eankerr. c om (Canada) LPl QuadReal Property Group, Primaris
Management Inc. First Capital Asset Management
Lawyers for the Respondents, ULC,'Westcliff Management Ltd., BIM North Hill
20 VIC Management Inc. on behalf of Inc. and Westpen North Hill LP
OPB Realty Inc., Ivanhoe Cambridge
Inc., Morguard Investments Limited,
Crornbie REIT, Triovest Realty
Advisors Inc. HOOPP Realty Inc. and
Cominar Real Estate Investment Trust
AND CHAITONS LLP AND MILLER THOMSON LLP
TO: 5000 Yonge Street, 10'h Floor TO: Scotia Plaza
Toronto, Ontario M2N 7E9 40 King Street West, Suite 5800
P.O. Box 1011
Harvey Chaiton Toronto, Ontario M5H 3Sl
Tel: +l
416.218.1129
Fax: [phone] Craig A. Mills
Tel:
George Benchetrit +1 416.595.8596
Tel: +l 416.218.1141 Fax: +l 416.595.8695
Fax: [phone] cmills@millefthomson. com
[email protected] Lawyers for Cherokee Inc. and Tamworlh
[email protected] Properlies Inc.
Lawyers for TravelBrands
8
AND WEIRFOULDS LLP AND LA\rySON LUNDELL LLP
TO: 4100 - 66 Wellington Street West TO: Suite 1600 Cathedral Place
PO Box 35, TD Bank Tower 925 West Georgia Street
Toronto, Ontario M5K 187 Vancouver, British Columbia V6C 3L2
Edmond F.B. Lamek Heather M.B. Ferris
Tel: [phone] Tel: [phone]
Lisa Borsook Fax: [phone]
Tel: +l
416.947.5003 hferris@l aw s onlund el L c om
Danny M. Nunes
Tel: +l 416.619.6293 Lawyers for 0862223 B.C. Ltd., Shape
Fax: [phone] Brentwood Limited Partnership, Brentwood Town
Centre Limited Partnership, 1854 Holdings Ltd.,
elam ek@w eirfoul ds. com Shape Properties (Nanaimo) Cotp., NNTC
lborso ok@weirfoulds. com Equities Inc. and Catalyst Pulp and Paper Sales
dnunes@weirfoulds. com Inc.
Lawyers for RioCan Real Estate
Investment Tmst, Fiera Properties Core
Fund LP and CT REIT Limited
Partnership
AND REVBNUE QUBBEC AND COWEN SPECIAL INVESTMBNTS, LLC
TO:
TO: 830 Third Avenue, 4th Floor
Alain Casavant New York, NY 10022 USA
Tel: +l
514.415.5083
Alain. Ca savant@revenuquebec. ca Gail Rosenblum
Tel: [phone]
Neil Desai
Tel: +l
646.616.3079
gail.rosenblum@cowen. com
[email protected]
AND LAVERY, DE BILLY, L.L.P. AND BBAU\ilARD SHOPPING CENTRES LTD
TO: 1, Place Ville Marie, Suite 4000 TO: 430 Arthur-Sauvé Blvd., Suite 6010
Montreal (Quebec) H3B 4M4 Saint-Eustache, Québec, J7P. 6V1
Jonathan Warin Nathalie Parent, Vice-President, Legal Affairs
Tel.: +l 514 878-5616 Tel. :[phone] Ext.203
Fax: [phone] Richard Hamelin, Legal Counsel
jwarin(@lavery.ca Tel. : [phone] Ext. 202
Lawyers for Dorel Juvenile Canada and nparent(@beauward. com
Pacif,rc Cycle / Dorel Distribution rham el in@)beau ward. c o m
9