The US Bankruptcy Court approved the revised first amended joint plan of liquidation of Southern Foods Group, LLC on March 17, 2021. The debtor has filed its revised first amended joint plan in the Court on March 16, 2021. As per the revised amended plan, administrative claims, US trustee fees, professional fee claims, priority tax claims, other priority claims of $0, DIP claims of $425 million and other secured claims of $4 million will be paid full in cash. Securitization facility claims consisting of loans of $180 million and letter of credit of $195.20 million will be paid full in cash. Senior notes claims consisting of 6.500% senior notes due 2023 of $707 million which shall be recovered between 1%-4%, control group liability pension claims of $618 million shall be recovered between 2%-5% and general unsecured claims of $363 million with a recovery rate less than 1% will be paid through pro rata share of liquidating trust assets. Convenience claims of $15 million shall recover less than 1% and shall be paid through pro rata share of convenience claims pool. Prepetition intercompany claims will be reinstated, section 510(b) claims will be cancelled with no distribution, intercompany interests will either be cancelled or reinstated, and all existing interests will be cancelled. The plan will be funded through cash in hand and sale of assets.