The US Bankruptcy Court approved a fifth amended plan of reorganization of Centric Brands Inc. on September 21, 2020. The debtor has filed its fifth amended plan in the Court on September 18, 2020. As per the amended plan, administrative claims, US trustee fess, professional fee claims, priority tax claims and other priority claims of $15.13 million will be paid full in cash. DIP Term loan claims of $160 million will be paid through Exit First Lien Term Loan Facility, DIP revolving loan claims of $275 million will be paid through Exit First Lien Revolving Loan Facility and Supplemental DIP Financing Facility Claims will be paid through Exit First Lien Term Loan Facility. PNC Securitization Facility claims of $200.30 million, other priority claims will be $15.13 million and other secured claims of $185.30 million will be paid in full. First Lien Term Loan claims of $635.07 million will be paid through combination of Exit First Lien Term Loan Facility and 30% of reorganized Centric equity interest, Second Lien secured claims of $724.24 will be paid through pro rata share of 70% of reorganized Centric equity interests. 2024 convertible notes claims would have deemed to waived off their right to receive any distribution while Hudson notes claims of $19.20 million will be recovered in the range of 0%-7% through pro rata share of claims cash pool. The amount of general unsecured claims is $805.45 million with a recovery range of 1%-7% and each holder of general unsecured claims other than a second lien deficiency claim or 2024 convertible notes claims will receive pro rata share of claim cash pool. Name of section 510(b) claim was changed to subordination claims. Intercompany claims and interest will be reinstated and Centric equity interests and subordination claims will be cancelled. The plan will be funded through cash in hand, sale of assets, Exit First Lien Revolving Loan Facility, Exit First Lien Term Loan Facility, Exit Securitization Facility and issuance of reorganized equity interests.