August 24, 2017 7:28 AM ET

Real Estate Management and Development

Company Overview of Baha Mar Support Services Ltd.

Company Overview

Baha Mar Support Services Ltd. provides operating support services for the real estate projects. The company is based in Nassau, Bahamas. Baha Mar Entertainment Ltd. operates as a subsidiary of Baha Mar Operating Company Ltd.

West Bay Street



Key Executives for Baha Mar Support Services Ltd.

Baha Mar Support Services Ltd. does not have any Key Executives recorded.

Baha Mar Support Services Ltd. Key Developments

Joint Reorganization Plan Filed by Northshore Mainland Services Inc.

Northshore Mainland Services Inc., along with its affiliates, filed a joint plan of reorganization in the US Bankruptcy Court on August 26, 2015. As per the plan filed, Administrative Claims, U.S. Trustee Fees, Professional Compensation Claims, DIP Claims of $80 million, Priority Tax Claims, Other Priority Claims and Other Secured Claims will be paid in full in cash. CEXIM Bank Facility Claims will be settled by issuing New CEXIM Bank Facility in an amount equal to the principal amount of claim. CCA Claims and CSCEC (Bahamas) Claims will be settled by issuing New CCA Note in an amount equal to the principal amount of claim. Convenience Claims brought down to $0.01 million or below will be paid in full in cash. U.S. General Unsecured Claims will receive a New Baha Mar Note in an amount equal to the principal amount of such claim. Intercompany Claims, Non-U.S. Unsecured Claims, Employee Claims and GOB Claims will be reinstated. Existing Baha Mar Ltd. Series A Preferred Stock, Existing Baha Mar Ltd. Common Stock and Existing BML Properties Ltd. Stock will be cancelled. Intercompany Interests will be reinstated. The plan will be funded by cash in hand and New Baha Mar Common Equity. The debtor will also issue New CEXIM Bank Facility, New CCA Notes, New Baha Mar Notes and Exit Facility to fund the plan.

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