The US Bankruptcy Court approved the modified fifth amended joint plan of reorganization of EP Energy Corporation on Houston, Texas on August 27, 2020. The debtor has filed its modified fifth amended joint plan in the Court on August 24, 2020. As per the amended plan, administrative expense claims, fee claims, priority tax claims, other secured claims and other priority claims, shall be paid in full in cash. DIP claims of $314.71 million shall receive 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. RBL claims of $314.71 million shall receive on a dollar-for-dollar basis, first lien, second-out term loans under the exit credit agreement. 1.125L notes claims of $1 billion shall receive pro rata share of 100% of new common shares. On the effective date 1.125L notes claims will be cancelled. Unsecured claims shall be discharged, cancelled, released, and extinguished as of the effective date. Parent unsecured claims shall be paid in cash or shall be disputed as if the bankruptcy case had never been commenced. Convenience claims of $1.75 million shall receive cash in the amount of 10% of such claim or pro rata share of the convenience claim distribution amount, whichever is lower. Intercompany claims shall be reinstated. Subordinated claims, other equity interests and intercompany interests shall be cancelled. Existing parent equity interests shall receive pro rata share of $0.3 million in cash. On the effective date, existing parent equity interests will be cancelled, released, and extinguished and will be of no further force or effect. The plan shall be funded through cash in hand of $364.92 million, cash proceeds from the exit facility of $629 million, through issue of new common shares of $75 million and rights of $475 million.