Pier 1 Imports, Inc., along with its affiliates, filed a second amended joint plan of liquidation with related disclosure statement in the US Bankruptcy Court on June 23, 2020. As per the second amended plan filed, each holder of an allowed other priority claim shall receive maximum $0.21 million of allowed amount, Other Secured Claim of $25.36 million and ABL Claims of $172.25 million shall receive a payment in full in cash. General Unsecured Claims shall receive its pro rata share of the distributable proceeds pursuant to the Waterfall Recovery, only if distributable proceeds are available after all senior claims are paid in full. There is no change in treatment of claim class or source of funding.