The US Bankruptcy Court approved the second amended joint pre-packaged plan of reorganization with related disclosure statement of View Inc. on May 20, 2024. The debtor has filed its second amended plan in the Court on May 19, 2024. As per the amended plan, administrative claims, professional fee claims, priority tax claims, restructuring expenses, other secured claims, general unsecured claims, other priority claims, shall be paid in full in cash.

DIP claims of $17.5 million shall be paid in full in cash or be rolled into the new exit facility. Prepetition MDA loan claims shall be reinstated. Prepetition term loan claims shall be recovered between 34%-52% and shall receive its pro rata share of 54.2% of the total New Common Interests.

Prepetition convertible notes claims of $222.26 million plus intersts shall be recovered between 1.5%-2.3% and shall receive its pro rata share of 10% of the total New Common Interests. Intercompany claims and intercompany Interests shall either be reinstated or cancelled. Existing equity interests shall be cancelled.

The plan shall be funded through cash, cash generated from operations, funds from the DIP facility, and funds from the new exit facility.