The US Bankruptcy Court approved the plan seventh amended plan of reorganization of GNC Holdings, Inc., on October 14, 2020. The debtor has filed its seventh amended plan in the Court on October 13, 2020. As per the amended plan, general administrative claims, US trustee fees, professional fee claims, priority tax claims and other priority claims will be paid full in cash. DIP facility claims consisting of DIP Term Facility Claims of $200 million and DIP ABL FILO Facility Claims of $275 million, will be converted into Exit FLFO term loan facility if restructuring occurs or repaid in full in cash from the sale proceeds, if sale transaction occurs. Other secured claims will be paid full in cash. Tranche B-2 Term Loan Secured Claims of $313.65 are expected to recover between 35.4% and 97.6%4 in case of restructuring and 98.8% in case of sale. General Unsecured Claims, Tranche B-2 Term Loan Deficiency Claims and Convertible Unsecured Notes Claims of $159.10 million and convenience class claims will be paid through pro rata share of cash. Convenience class claims are excluded from plan, Subordinated Securities Claims will receive no distribution, intercompany claims and interests will be reinstated and all equity interests will be cancelled. The plan will be funded through cash in hand, sale of assets, Exit Revolver/FILO Facility, Exit FLFO Facility, Exit FLSO Facility, junior convertible notes of $10 million and issuance of new common equity and warrants.