AAC Holdings, Inc., along with its affiliates, filed a joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on July 25, 2020. As per the plan filed, administrative claims, statutory fees, professional fee claims, priority tax claims, other priority claims and DIP lender claims of $62.5 million will be paid full in cash. Other secured claims will either be paid full in cash or through delivery of the collateral securing any such claim or the claim will be reinstated. Senior Lender claims, in case of entire company asset sale will be paid full in cash while in case of reorganization, it will be paid through cash in the amount of the Senior Lender Postpetition Interest Amount and pro rata share of any partial asset sale proceeds. Any remaining amount will be paid full in cash from acceptable exit facility, pro rata share of the exit term loan facility and the New Warrants Senior Lender Allocation. Junior lender claims, in case of entire company asset sale will be paid full in cash while in case of reorganization, it will be paid through pro rata share of any Partial Asset Sale Proceeds and any remaining g amount will be paid though pro rata share of 100% of the Reorganized AAC equity interests. General unsecured claims, in case of entire company asset sale, will be paid through pro rata share of the distributable proceeds pursuant to the Waterfall Recovery while in case of reorganization, it will receive no distribution. Intercompany claims and interests will be reinstated or cancelled. Subordinated claims will receive no distribution and all equity interests in AAC Holdings will be cancelled. The plan will be funded through cash in hand, sale of assets, exit term loan facility and issuance of new reorganized equity interests and warrants.