WeWork Inc., along with its affiliates, filed a joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on February 4, 2024. As per the plan filed, administrative claims, professional fee claims, priority tax claims, other priority claims and payment of statutory fees and reporting to the U.S. Trustee shall be paid in full in cash. Other Secured Claims shall either be paid in full in cash or reinstated or delivered collateral securing such claim.

Drawn DIP TLC Claims, in the case of the Rolled Drawn DIP TLC Claim, loans under the Exit TLC Facility on a dollar for-dollar basis, and in the case of an Equitized Drawn DIP TLC Claim, its Pro Rata share of the Drawn DIP TLC Equity Distribution. Undrawn DIP TLC Claims in the case of an Excess DIP TLC Claim, shall be paid in full in cash in an amount equal to such Excess DIP TLC Claim from amounts remaining from the proceeds of the DIP TLC facility, and in the case of a rolled undrawn DIP TLC claim, shall be converted into obligations under the exit LC facility on a dollar-for-dollar basis, and receive its pro rata share of the new LC equity allocation. Prepetition LC facility claims shall receive its pro rata share of the 1L equity distribution.

1L notes claims shall receive its pro rata share of the 1L equity distribution. 2L notes claims shall receive its pro rata share of the 2L equity distribution. 3L notes claims, unsecured notes claims and general unsecured claims shall not receive or retain any distribution, property, or other value on account of such allowed 3L notes claim and shall receive on account of an in full and final satisfaction of such allowed claim, its pro rata share of the liquidation value of the unencumbered assets held by the debtor against which such claim is allowed.

Intercompany claims and intercompany interests shall either be reinstated, converted to equity, canceled, released, or discharged, or otherwise set off, settled, or distributed, at the option of the debtors or the reorganized debtors. Section 510(b) claims and parent interests will be of no further force or effect, and holders of such allowed parent interests shall not receive any distribution on account of such interests. the plan shall be funded from exit facilities, rights offering, subscription rights and new interests.

on the effective date, all property in each estate, all causes of action, and any property acquired by any of the debtors pursuant to this plan shall vest in each respective reorganized debtor.