CARBO Ceramics Inc., along with its affiliates, filed a joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on April 8, 2020. As per the plan filed, administrative claims, statutory fees, professional fee claims, priority tax claims and other priority claims will be paid full in cash. DIP facility claims of $15 million will either be paid through pro rata share of the DIP lender/prepetition lender equity distribution or conversion of total DIP facility claim under exit facility or any other combination. Other secured claims will be paid full in cash, prepetition lender secured claims will be paid through pro rata share of DIP lender/prepetition lender equity distribution, general unsecured claims will be paid through pro rata share of GUC Cash Pool and all intercompany claims will either be reinstated or cancelled. Intercompany interests will be reinstated or canceled, holders of 510(b) claims will receive no distribution and all CARBO Interests shall be cancelled. The plan will be funded through cash in hand, issuance of exit facility consisting of senior secured term loan facility and issuance of reorganized CARBO interests.