The US Bankruptcy Court approved the first amended plan of liquidation and modified disclosure statement of The McClatchy Company on September 25, 2020. The debtor has filed its amended plan in the Court on September 21, 2020. As per the amended plan, administrative claims of $27 million, professional claims of $13 million, priority tax claims of $5 million, other priority claims $5.5 million and other secured claims of $0.50 million, shall be paid in full in cash. DIP Facility claims of $50 million were paid in full and shall receive no distribution under the plan. Second lien term loan claims of 157.08 million shall receive $1 million from GUC recovery trust. Third lien notes claims shall receive no distribution under the plan. General unsecured claims of $1.46 billion shall be recovered 3.1% i.e. $45.26 million and shall receive pro rata share of GUC recovery trust interests. All intercompany claims shall be released, waived and discharged and shall not receive any distribution under the plan and intercompany interests shall be cancelled and shall not receive any distribution under the plan. Holders of subordinated claims will receive no distribution. The plan will be funded through cash in hand, Exit ABL Facility if $50 million, issuance of new First Lien Notes of $217.9 million, Exit Term Loan Facility of $81 million and issuance of reorganized equity.