The US Bankruptcy Court approved the fourth amended plan of reorganization of EP Energy Corporation on March 12, 2020. The debtor has filed its amended plan in the Court on January 13, 2020. As per the amended plan, administrative expense, fee claims, priority tax claims, other secured claims, other priority claims will be paid in full in cash. DIP claims of $314.71 million will receive either (i) on a dollar-for-dollar basis, first-lien, first-out revolving loans or revolving commitments under the exit credit agreement and letter of credit participations under the exit credit agreement or (ii) such other less favorable treatment. RBL claims will receive, on a dollar-for-dollar basis, first lien, second-out term loans under the exit credit agreement. 1.25L notes claims of $1 billion will be reinstated. 1.5L notes claims of $2,186 million will receive its pro rata share of 100% new common stocks and either (a) for eligible offerees, the right to participate in the 1.5L rights offering in accordance with the 1.5L rights offering procedures or (b) for non-eligible offerees, the non-eligible offeree distribution. On the effective date, the 1.5L notes will be cancelled, released, and extinguished. Unsecured claims will receive (i) its pro rata share of 1.75% of the new common shares outstanding as of the effective date and (ii) either (A) for eligible offerees, the right to participate in the unsecured rights offering in accordance with the unsecured rights offering procedures or (B) for non-eligible offerees, either (1) the unsecured non-eligible offeree distribution or (2) if the value of the unsecured non-eligible offeree distribution exceeds $0.5 million in the aggregate, each non-eligible offeree’s ratable share of the unsecured non-eligible offeree distribution not to exceed a value equal to $0.5 million. Parent unsecured claims will receive payment in full in cash or pro rata share of cash, whichever is lesser. Convenience claims of $1.75 will receive cash of 10% i.e. $0.18 million of such allowed amount or its pro rata share of convenience claim distribution whichever is lesser. Intercompany claims will be reinstated. Subordinated claims, other equity interests and intercompany interests will be cancelled. Existing parent equity interests will receive its pro rata share of $0.5 million in cash. The plan will be funded through cash in hand, proceeds from rights offering and exit facility.