The US Bankruptcy Court approved the third amended plan of reorganization and related disclosure statement of Conn's, Inc. on July 21, 2025. The debtor has filed its third amended plan in the Court on July 21, 2025. As per the amended plan, administrative expense claims, US trustee statutory fees claim, DIP claims of $5 million, professional fee claims, priority tax claims, other priority claims of $0.36 million shall be paid in full in cash.

Prepetition 2L Secured Claims of $102.06 million shall be paid 73% in cash. Prepetition 3L Claims of $50 million shall receive no distribution. General Unsecured Claims of $375.19 million shall be recovered 1% in cash.

Intercompany claims shall be cancelled. Section 510(b) Claims shall receive in full and final satisfaction in cash. Intercompany interests shall be reinstated.

Existing Equity Interests shall be deemed exchanged for one share of Conn?s, Inc. common stock. The plan shall be funded through cash in hand, sale of assets and sale of de minimis assets.