-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ReEwkWmr07xOAD+l4/dFLuDWY2WoeNWZKT//UrVOSZgsQIXR88xbozKBBpmYJiKo Bsttwx9HJqwgwOmTNXxvdA== 0001104659-09-031355.txt : 20090511 0001104659-09-031355.hdr.sgml : 20090511 20090511121301 ACCESSION NUMBER: 0001104659-09-031355 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090505 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20090511 DATE AS OF CHANGE: 20090511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SEA CONTAINERS LTD /NY/ CENTRAL INDEX KEY: 0000088095 STANDARD INDUSTRIAL CLASSIFICATION: WATER TRANSPORTATION [4400] IRS NUMBER: 980038412 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07560 FILM NUMBER: 09813527 BUSINESS ADDRESS: STREET 1: 41 CEDAR AVE STREET 2: P O BOX HM 1179 CITY: HAMILTON HM EX BERMU STATE: D0 BUSINESS PHONE: 4412952244 MAIL ADDRESS: STREET 1: 41 CEDAR AVE STREET 2: PO BOX HM 1179 CITY: HAMILTON HM EX BERMU STATE: D0 FORMER COMPANY: FORMER CONFORMED NAME: SEA CONTAINERS ATLANTIC LTD DATE OF NAME CHANGE: 19810817 8-K 1 a09-12977_18k.htm 8-K

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  May 5, 2009

 

Sea Containers Ltd.

(Exact name of registrant as specified in its charter)

 

Bermuda

1-7560

98-0038412

(State or other jurisdiction
of incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

22 Victoria Street, Hamilton HM 12, Bermuda

(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: 441-295-2244

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

o

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 8.01.  Other Events.

 

Sea Containers Ltd. (the “Company”) and its subsidiaries, Sea Containers Services Limited and Sea Containers Caribbean Inc., filed with the U.S. Bankruptcy Court on May 5, 2009, the Post-Confirmation Quarterly Summary Report for the period January 1, 2009 through March 31, 2009, which is attached hereto as Exhibit 99.1.  See the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on February 11, 2009 for further description of the effectiveness of the Debtors’ Fourth Amended Joint Plan pursuant to Chapter 11 of the United States Bankruptcy Code, dated November 23, 2008, as confirmed by the United States Bankruptcy Court for the District of Delaware on November 24, 2008.

 

Item 9.01   Financial Statements and Exhibits

 

Exhibit No.

 

Description

 

 

 

99.1

 

Post-Confirmation Quarterly Summary Report for January 1, 2009 - March 31, 2009

 

2



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

SEA CONTAINERS LTD.

 

 

Date: May 11, 2009

 

 

BY:

/s/ Lisa Clement

 

 

Lisa Clement

 

 

Chief Financial Officer

 

3


EX-99.1 2 a09-12977_1ex99d1.htm EX-99.1

Exhibit 99.1

 

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3
POST-CONFIRMATION QUARTERLY SUMMARY REPORT

 

This Report is to be submitted for all bank accounts that are presently maintained by the post confirmation debtor.

 

Debtor’s Name: Sea Containers Ltd

Bank: See summary

 

 

Case Number: 06-11156 (KJC)

Account Number: N/A

 

 

Date of Confirmation: November 24, 2008

Account Type: N/A

 

Reporting Period: January 1, 2009 to March 31, 2009

 

 

 

 

 

 

 

 

 

 

 

Beginning Cash Balance:

 

 

 

$

43,463,540

 

 

 

 

 

 

 

All receipts received by the debtor:

 

 

 

 

 

 

 

 

 

 

 

Repayment of loan note to Seaco Ltd:

 

$

-17,306,000

 

 

 

 

 

 

 

 

 

Net reimbursement of costs incurred on behalf of Seaco Ltd:

 

$

1,239,851

 

 

 

 

 

 

 

 

 

Settlement of GE SeaCo balances in accordance with Stipulation agreement:

 

$

274,800

 

 

 

 

 

 

 

 

 

Interest income:

 

$

16,167

 

 

 

 

 

 

 

 

 

Sale of Debtors assets:

 

$

572,554

 

 

 

 

 

 

 

 

 

SC Group cash repatriation:

 

$

41,621,552

 

 

 

 

 

 

 

 

 

Foreign exchange:

 

$

-466,926

 

 

 

 

 

 

 

 

 

Inter company banking sweep:

 

$

-2,143,843

 

 

 

 

 

 

 

 

 

Total of cash received:

 

 

 

$

23,808,155

 

 

 

 

 

 

 

Total of cash available:

 

 

 

$

67,271,695

 

 

 

 

 

 

 

Less all disbursements or payments (including payments made under the confirmed plan) made by the Debtor:

 

 

 

 

 

 

 

 

 

 

 

Disbursements made under the plan, excluding the administrative claims of bankruptcy professionals (see appendix 1):

 

$

6,285,191

 

 

 

 

 

 

 

 

 

Disbursements made to professional fee escrow agents, pursuant to unpaid bankruptcy professionals (incl. fees):

 

$

13,213,000

 

 

 

 

 

 

 

 

 

Debtor in possession loan repayment (incl. fees):

 

$

24,828,483

 

 

 

 

 

 

 

 

 

All other disbursements made in the ordinary course:

 

$

4,498,990

 

 

 

 

 

 

 

 

 

Total Disbursements

 

 

 

$

48,825,664

 

 

 

 

 

 

 

Ending Cash Balance

 

 

 

$

18,446,031

 

 

Pursuant to 28 U.S.C. Section 1746(2), I hereby declare under penalty of perjury that the foregoing is true and correct to the best of my knowledge and belief.

 

/s/ Lisa Clement

 

 

 

 

Lisa Clement

Chief Financial Officer

May 5, 2009

 

 

 

 

 

 

 

Debtor: Sea Containers Ltd

 

Case Number: 06-11156 (KJC)

 

 

 



 

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3
POST-CONFIRMATION QUARTERLY SUMMARY REPORT

 

Appendix 1

 

Disbursements made under the plan, excluding the administrative claims of bankruptcy professionals:

 

 

 

 

 

 

 

SCL & SCSL unsecured claims cash distribution

 

2,146,263

 

GE Capital Corp payment under framework agreement

 

100,000

 

Wharfside equalisation related employee claim trust a/c (incl. fees)

 

2,677,200

 

Wharfside non debtor subsidiary known 3rd party trust a/c (incl. fees)

 

1,137,120

 

Equalisation escrow

 

224,608

 

 

 

 

 

 

 

6,285,191

 

 



 

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3
POST-CONFIRMATION QUARTERLY SUMMARY REPORT

 

This Report is to be submitted for all bank accounts that are presently maintained by the post confirmation debtor.

 

Debtor’s Name: Sea Containers Services Ltd

Bank: See summary

 

 

Case Number: 06-11156 (KJC)

Account Number: N/A

 

 

Date of Confirmation: November 24, 2008

Account Type: N/A

 

Reporting Period: January 1, 2009 to March 31, 2009

 

 

 

Beginning Cash Balance:

 

 

 

$

73,216

 

 

 

 

 

 

 

All receipts received by the debtor:

 

 

 

 

 

 

 

 

 

 

 

SCSL cash repatriation to SCL

 

$

-4,496,365

 

 

 

 

 

 

 

 

 

SC Group cash repatriation to SCSL

 

$

4,496,365

 

 

 

 

 

 

 

 

 

Tax refunds

 

$

274,574

 

 

 

 

 

 

 

 

 

Pension Schemes Equalisation payments

 

$

-921,283

 

 

 

 

 

 

 

 

 

Foreign exchange

 

$

-459

 

 

 

 

 

 

 

 

 

Inter company banking sweep

 

$

2,143,843

 

 

 

 

 

 

 

 

 

Total of cash received:

 

 

 

$

1,496,675

 

 

 

 

 

 

 

Total of cash available:

 

 

 

$

1,569,891

 

 

 

 

 

 

Less all disbursements or payments (including payments made under the confirmed plan) made by the Debtor:

 

 

 

 

 

 

 

 

 

Disbursements made under the plan, excluding the administrative claims of bankruptcy professionals:

 

$

0

 

 

 

 

 

 

 

 

 

Disbursements made pursuant to the administrative claims of bankruptcy professionals:

 

$

0

 

 

 

 

 

 

 

 

 

All other disbursements made in the ordinary course:

 

$

1,477,584

 

 

 

 

 

 

 

 

 

Total Disbursements

 

 

 

$

1,477,584

 

 

 

 

 

 

 

Ending Cash Balance

 

 

 

$

-92,307

 

 

Pursuant to 28 U.S.C. Section 1746(2), I hereby declare under penalty of perjury that the foregoing is true and correct to the best of my knowledge and belief.

 

/s/ Lisa Clement

 

 

 

 

Lisa Clement

Chief Financial Officer

 

 

 

May 5, 2009

 

 

 

 

 

 

 

 

 

Debtor: Sea Containers Services Ltd

 

 

 

 

 

 

 

 

Case Number: 06-11156 (KJC)

 

 

 

 

 



 

OFFICE OF THE UNITED STATES TRUSTEE - REGION 3
POST-CONFIRMATION QUARTERLY SUMMARY REPORT

 

This Report is to be submitted for all bank accounts that are presently maintained by the post confirmation debtor.

 

Debtor’s Name: Sea Containers Caribbean Inc.

Bank: None

 

 

Case Number: 06-11156 (KJC)

Account Number: N/A

 

 

Date of Confirmation: November 24, 2008

Account Type: N/A

 

Reporting Period: January 1, 2009 to March 31, 2009

 

 

 

Beginning Cash Balance:

 

 

 

$

0

 

 

 

 

 

 

 

All receipts received by the debtor:

 

 

 

 

 

 

 

 

 

 

 

Collection of accounts receivable:

 

$

0

 

 

 

 

 

 

 

 

 

Tax refunds:

 

$

0

 

 

 

 

 

 

 

 

 

SC Group cash repatriation:

 

$

0

 

 

 

 

 

 

 

 

 

Foreign exchange:

 

$

0

 

 

 

 

 

 

 

 

 

Inter company banking sweep:

 

$

0

 

 

 

 

 

 

 

 

 

Total of cash received:

 

 

 

$

0

 

 

 

 

 

 

 

Total of cash available:

 

 

 

$

0

 

 

 

 

 

 

 

Less all disbursements or payments (including payments made under the confirmed plan) made by the Debtor:

 

 

 

 

 

 

 

 

 

 

 

Disbursements made under the plan, excluding the administrative claims of bankruptcy professionals:

 

$

0

 

 

 

 

 

 

 

 

 

Disbursements made pursuant to the administrative claims of bankruptcy professionals:

 

$

0

 

 

 

 

 

 

 

 

 

All other disbursements made in the ordinary course:

 

$

0

 

 

 

 

 

 

 

 

 

Total Disbursements

 

 

 

$

0

 

 

 

 

 

 

 

Ending Cash Balance

 

 

 

$

0

 

 

Pursuant to 28 U.S.C. Section 1746(2), I hereby declare under penalty of perjury that the foregoing is true and correct to the best of my knowledge and belief.

 

/s/ Lisa Clement

 

 

 

 

Lisa Clement

Chief Financial Officer

 

 

 

May 5, 2009

 

 

 

 

 

 

 

 

 

Debtor: Sea Containers Caribbean Inc.

 

 

 

 

 

 

 

 

Case Number: 06-11156 (KJC)

 

 

 

 

 


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