Internap Technology Solutions Inc. filed a joint pre-packaged plan of reorganization with related disclosure statement in the US Bankruptcy Court on March 16, 220. As per the plan filed, general administrative expenses, restructuring expenses, professional fee claims, priority tax claims and priority non-tax claims will be paid full in cash. DIP Facility Claims will be paid full through priority exit facility and the remaining amount will be paid in cash. Other secured claims will be paid full in cash, while the Existing loan claims of $466.42 million which consists of existing revolving loan claims and existing term loan claims, will be paid through a combination of new tem loan facility and 100% of the new common equity. General Unsecured Claims will be paid full in cash, intercompany claims and intercompany interests will either be reinstated or cancelled, holders of subordinated claims will receive no distribution and all existing equity interests will be cancelled. The plan will be funded through cash in hand, sale of assets, priority exit facility, new term loan exit facility, working capital exit facility of $75 million and issuance of new common equity warrants in the ratio of 1 warrant for every 20,000 shares of common stock.