U.S Steel Canada Inc. (the "Applicant", or "USSC") obtained an Order under the Companies' Creditors Arrangement Act ("CCAA") in Canada on September 16, 2014.
Pursuant to the CCAA Order granted by the Ontario Superior Court of Justice, Ernst & Young Inc. was appointed Monitor of the Applicant.
This site contains public documents related to the Canadian CCAA proceedings of the Applicant.
CCAA Meetings Order On March 15, 2017, the Ontario Superior Court of Justice of Ontario made an order (the "Meetings Order") in respect of the process for USSC to call, hold and conduct meetings of its creditors to consider and vote on the CCAA Plan, and all of the related notifications, materials and procedures for those meetings, as well as setting the date for the Court hearing for USSC’s motion to sanction the CCAA Plan.
The following documents are provided in accordance with that Meetings Order:
Meetings OrderNotice of Meetings and Sanction HearingInformation Circular (including the CCAA Plan)General Unsecured Creditors Proxy and Election FormNon-USW Main Pension and OPEB Claim Holder Proxy Form Supplemental Information Circular and Amended Plan
Supplementary Claims Process OrderOn March 15, 2017, the Ontario Superior Court of Justice of Ontario made an order (the "Supplementary Claims Process Order") in respect of the process for D&O claims for USSC, as well as the obligations of USSC owed to Non-USW current and former employees, with respect to the Non-USW main registered pension plans, certain retirement benefits contracts, retiring allowances, other post-employment health and welfare benefits (“OPEB”) and other employee claims of Non-USW Employees, which were previously not required to be filed under the General Claims Process Order.
The following documents are provided in accordance with that Supplemental Claims Process Order:
Supplementary Claims Process Order (SCPO)Notice to Current and Former Non-USW Employees of the Supplementary Claims ProcessNotice to the Claimants of the Directors & Officers (D&O) Claims ProcessProof of Claim Form – D& O
General Claims Process OrderOn November 13, 2014, the Ontario Superior Court of Justice of Ontario made an order (the "Claims Process Order") in respect of the general claims process for the USSC. The following documents are provided in accordance with that general Claims Process Order:
Notice to ClaimantsProof of Claim FormGuide to Completing the Proof of Claim FormClaims Procedure OrderDeadline for submission of most proof of claims is December 22, 2014, 5:00pm Eastern Time
Retiree Fund InformationAs a result of a 2016 Court Order, USSC made a one-time contribution of $2.7 million to establish a Retiree Fund. The Retiree Fund extends the benefits currently available under the Transition Fund (established by the Province) to USSC retirees and their eligible beneficiaries who are resident in Canada but who reside outside of Ontario. The Retiree Fund also provides a one-time reimbursement of up to $100.00 to USSC retirees and their eligible beneficiaries for health services or supplies which were purchased after September 12, 2016 and which were not covered by the Transition Fund but would have been covered under the suspended USSC OPEB plan.
The Transition Fund, established by the Province, will be winding down effective March 31, 2017. As a result, starting April 1, 2017, the same prescription drugs, emergency dental and other benefits currently available through the Transition Fund will be available through the Retiree Fund.
Retiree Fund LetterRetiree Fund Application Form
Transition Fund InformationThe Province of Ontario announced that it will provide a total of $3 million to establish a Transition Fund to assist USSC retirees and eligible beneficiaries to transition from the post-retirement health benefit coverage formerly available from USSC.
Original Transition Fund Notification dated October 21, 2015Transition Fund LetterTransition Fund MemorandumTransition Fund Update Letter - April 2016
Sale and Investment Solicitation Process (“SISP”)On January 12, 2016, the Ontario Superior Court of Justice of Ontario made an order (the "SISP Order") in respect of the Sales and Investment Solicitation Process ("SISP") for USSC. The SISP is intended to solicit interest in and opportunities for a sale of or investment in all or part of USSC’s assets and business operations, and may include one or more of a restructuring, recapitalization or other form of reorganization of the business and affairs of USSC as a going concern or a sale of all, substantially all or one or more components of USSC’s assets and business operations as a going concern or otherwise, including, without limitation:
(a) USSC’s 813 acres of real property located on Hamilton Harbour in Hamilton, Ontario (the “Hamilton Lands”), coke ovens, assets used for steel-making, finishing and other operating assets and business operations located in Hamilton, Ontario; and
(b) USSC’s 6600 acres of real property located in Nanticoke, Ontario, coke ovens, assets used for iron and steel-making, hot rolling, finishing, pickling and other operating assets and business operations located in Nanticoke, Ontario.
Relevant documents can be found below:
SISP OrderSISP Process OutlineSISP Phase 2 Bid Process Letter Phase 2 Bid Deadline has been extended to 5:00 pm (Eastern Time) on May 13, 2016 