The US Bankruptcy Court approved the second amended plan of reorganization of CARBO Ceramics Inc. on June 18, 2020. The debtor has filed its second amended plan in the Court on June 17, 2020. As per the amended plan, administrative claims will be paid full in cash by the reorganized debtors and not by liquidating trust, statutory fees will be paid from liquidating trust, 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 of $20 million 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, issuance of reorganized CARBO interests and issuance of liquidating trust notes.