Pier 1 Imports, Inc., along with its affiliates, filed an amended joint plan of liquidation with related disclosure statement in the US Bankruptcy Court on June 9, 2020. As per the amended plan filed, other priority claims shall receive its pro rata share of the administrative / priority claims recovery on the effective date. ABL claims shall receive distributable proceeds of ABL priority collateral up to the full amount of its allowed ABL claim and all issued and undrawn letters of credit shall be replaced or cash collateralized in the amounts specified under the abl credit agreement. Term loan claims shall receive its pro rata share of the term loan recovery pool. General unsecured claims shall receive its pro rata share of the distributable proceeds pursuant to the waterfall recovery after all the prior secured and unclassified claims and a complete waiver and release of any and all claims, causes of action, and other rights against the holders of allowed claims based on claims pursuant to chapter 5 of the bankruptcy code. Intercompany claim and Intercompany interests shall be cancelled, released, and extinguished and will not receive any distribution on account of claim. There is no change in treatment of claim class or source of funding.