Loyalty Ventures Inc. filed a combined plan of reorganization with related disclosure statement in the US Bankruptcy Court on March 17, 2023. As per the plan filed, Administrative Claims, Professional Fee Claims, and Other Priority Claims shall be paid full. DIP Facility Claims of $70 million shall be paid full in cash.

Loan Claims of $664 million shall be paid in less than 100% from the cash proceeds of any collateral securing the Loan Claims immediately upon the Debtors' or Liquidating Trustee, Other Secured Claims shall be paid full, General Unsecured Claims shall receive its share of the Liquidating Trust Interests on a Pro Rata basis based on the aggregate amount. Convenience Claims shall receive payment in full in Cash from the Convenience Claim Distribution Reserve. Intercompany Claims shall be cancelled, settled and released without any distribution.

510 Claims shall be cancelled, settled and released without any distribution. Intercompany Interests, and Interest will be cancelled, released, and extinguished, and will be of no further force or effect. The plan shall be funded through cash on hand, including cash from the proceeds of the DIP facility.

Loyalty Ventures Inc. filed a modified plan and disclosure statement in the US Bankruptcy Court on March 21, 2023. As per the modified plan filed, Administrative Claims, Professional Fee Claims, Statutory Fees, and Other Priority Claims shall be paid full. DIP Facility Claims of $70 million shall be paid full in cash.

Loan Claims of $664 million shall be paid in less than 100% from the cash proceeds of any collateral securing the Loan Claims immediately upon the Debtors' or Liquidating Trustee, Other Secured Claims shall be paid full, General Unsecured Claims shall receive its share of the Liquidating Trust Interests on a Pro Rata basis based on the aggregate amount. Convenience Claims shall receive payment in full in Cash from the Convenience Claim Distribution Reserve. Intercompany Claims shall be cancelled, settled and released without any distribution.

510 Claims shall be cancelled, settled and released without any distribution. Intercompany Interests, and Interest will be cancelled, released, and extinguished, and will be of no further force or effect. The plan shall be funded through cash on hand, including cash from the proceeds of the DIP facility.