Majority of Canwest debtholders support restructuring plan

TORONTO - Canwest LP's senior secured lender steering committee said Tuesday that 135 lenders holding nearly 77% of the company's senior secured debt have now committed their support for the restructuring plan presented as part of Canwest LP's CCAA filing, which commenced in October.The restructuring plan includes a fair, reasonable and fully-financed proposal by the senior secured lenders to acquire the whole of Canwest's print and online businesses as a going concern, said a short release from McMillan LLP, counsel to the agent bank for Canwest LP's senior secured lenders “This strong level of committed support has been granted well...