Casa Systems, Inc.filed a plan of liquidation with related disclosure statement in the US Bankruptcy Court on April 4, 2024. As per the plan filed, Administrative Claims, Professional Fee Claims, Priority Tax Claims, U.S. Trustee Statutory Fees, Other Secured Claims, and Other Priority Claims shall be paid full in cash before effective date. Term Loan Facility Claims of $300 million shall recover 11% and will receive its pro rata share of the Term Loan Recovery.

General Unsecured Claims shall be cancelled. Intercompany Claims, Section 510(b) Claims, Existing Equity Interests, and Intercompany Interests shall be cancelled, released, and discharged. The plan shall be funded through cash in hand.