SVB Financial Group filed a plan of reorganization with related disclosure statement in the US Bankruptcy Court on January 26, 2024. As per the plan filed, Administrative Expense Claims, Professional Fee Claims, Priority Tax Claims, Senior Note Trustee Expenses, Statutory Fees, Other Secured Claims, and Other Priority Claims shall be paid in full in cash. Senior Note Claims and Other General Unsecured Claims shall be paid on pro rata basis in cash, 100% of the Class A Trust Units, and 100% of the NewCo Common Stock.

Subordinated Note Claims shall be paid on pro rata basis in cash and 100% of the Class B Trust Units. Preferred Equity Interests shall receive its pro rata share of 100% of the Class C Trust Units. Common Equity Interests shall be cancelled and shall receive any Distributions on account of its Common Equity Interest.

Section 510(b) Claims, Intercompany Claims, and Intercompany Interests shall be cancelled. The plan shall be funded through cash in hand, and issuance of equity.