The US Bankruptcy Court approved the modified first amended plan of reorganization of Covia Holdings Corporation on December 14, 2020. The debtor has filed its modified first amended plan in the Court on December 14, 2020. As per the amended plan, administrative claims, professional fee claims, L/C facility claims, ad hoc term lender group fees and expenses and term loan agent fees and expenses, priority tax claims, secured tax claims of $0 and other priority claims of $1.5 million shall be paid in full in cash. Other secured claims of $13.6 million shall either be paid in cash or reinstated or delivered the collateral securing such claim. Term/swap claims of $1,614 million shall be recovered 66% i.e. $1065.24 million and shall receive its pro rata share of the excess cash, the new term loan and the financing claims equity pool. Parent general unsecured claims of $782 million shall be recovered 12% i.e. $93.84 million and shall receive its pro rata share of the parent unsecured claims equity pool. TechniSand general unsecured claims of $1,726 million shall be recovered 1% i.e. $17.26 million and shall receive pro rata share of parent unsecured claims cash pool. Intercompany claims and intercompany interests shall either be reinstated or distributed, contributed, set off, settled, cancelled, released, or otherwise addressed. Other general unsecured claims of $1,822 million shall be cancelled. Covia interests cancelled, released, and extinguished without any distribution on account of such Covia interests. Section 510(b) claims will not receive any distribution on account of such claims. The plan will be funded from cash, the issuance of the new common equity, the issuance of the new term loan of $825 million, the issuance of or borrowings under the exit facility credit agreement of $100 million and general unsecured recovery cash pool funded with a cash amount of $36 million.