Quorum Health Corporation, along with its affiliates, filed a pre-packaged joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on April 7, 2020. As per the plan filed, administrative claims, professional fee claims, priority tax claims, DIP claims and ABL claims shall be paid in full in cash. Other secured claims shall either be paid in cash or delivered the collateral securing any such claim or reinstated or will be settled through any other treatment in accordance with section 1124 of the bankruptcy code. Other priority claims shall be paid in cash or will be settled through any other treatment in accordance with section 1124 of the bankruptcy code. First lien loan claims holder of $785 million shall receive pro rata share of the first lien loan claims paydown amount and the exit facility. In the event that a holder of first lien term claim declines to receive its pro rata share of the first lien term claims paydown amount, such holder’s portion will be re-allocated pro rata among accepting holders of first lien term claims. In the event that a holder of a first lien revolver claim declines to receive its pro rata share of the first lien revolver claims paydown amount, such holder’s portion will be reallocated pro rata among accepting holders of first lien revolver claims. Senior notes claims holders of $400 million shall receive its pro rata share of 100% of the total new common stock, subject to dilution by shares of new common stock issued pursuant to the new common equity raise, the equity investment commitment premium, and the MIP and the QHC litigation trust interests. General unsecured claims shall be reinstated and paid in the ordinary course of business. Debtor intercompany claims, non-debtor intercompany claims and intercompany interests shall either be reinstated or extinguished, compromised, addressed, cancelled, or settled, without any distribution on account of such claims. Quorum interests shall be discharged, cancelled, released, and extinguished without any distribution on account of such interests. The plan will be funded from the new common stock, the proceeds of the new common equity raise, any proceeds resulting from the QHC litigation trust’s litigation, arbitration, or settlement of any QHC litigation trust assets, the exit ABL facility and the debtors’ cash on hand. According to plan supplement filed on April 27, 2020, the exit ABL facility will be a senior secured asset-based revolving credit facility in an aggregate principal amount of approximately $125 million - $145 million which shall mature on the 4 year anniversary of the Plan Effective Date, and in any case, no earlier than April 29, 2024 on an interest rate of LIBOR plus 3% - 3.75% with LIBOR of 1%. As per the modified plan filed on June 5, 2020, there was no change in treatment of any claim class or source of funding. According to plan supplement filed on June 5, 2020, the exit ABL facility will be a senior secured asset-based revolving credit facility in an aggregate principal amount of approximately $145 million which shall mature on the 4 year anniversary of the Plan Effective Date on an interest rate of LIBOR plus 3.75% with LIBOR of 1%. There was no change in treatment of any claim class or source of funding.