Nelson Education Ltd. Completes Restructuring Transaction
|Areas||Banking and Finance Law, Corporate and Commercial, Corporate Restructuring, Entertainment, Litigation, Tax|
Goodmans represented Nelson Education Ltd. in connection with the completion of a sale of substantially all of its assets to 682534 N.B., now operating as Nelson Education Ltd., in exchange for the compromise and release of approximately US$270 million of first lien secured debt obligations. The completion of the transaction was pursuant to a sale transaction approved pursuant to the Companies' Creditors Arrangement Act following a comprehensive sale and investment solicitation process. The transaction resulted in the continuation of the Nelson business without disruption to the employment of Nelson's employees and the assumption of substantially all trade payable, contractual obligations and employment obligations.