GT Advanced Technologies Inc. filed a plan of reorganization with related disclosure statement in the US Bankruptcy Court on December 21, 2015. As per the plan filed, Administrative Expense Claims, Indenture Trustees Fees, Priority Non-Tax Claims of $1 million, Priority Tax Claims, Other Secured Claims of $1.7 million, DIP Facility Claims of $95 million, Professional Fee Claims and Inter-Company Claims will be paid in full in cash. GT Inc. General Unsecured Claim of $181.9 million will have a recovery of 0.16% amounting to $0.29 million.

GT Inc. Notes Claims of $436.1 million will have a recovery of 0.16% amounting to $0.7 million in the form of cash and 21.6% equity. Corp Debtors General Unsecured Claims of $436.1 million will have a recovery of 2.43% amounting to $2.02 million in the form of cash and 62% equity. GT Hong Kong General Unsecured Claims of $436.1 million will have a recovery of 0.49% amounting to $0.53 million in the form of cash and 16.4% equity.

Subordinated Securities Claim will not receive any distribution. GT Inc. Equity Interests and Intercompany Equity Interests will be cancelled and will not receive any distribution. The plan will be funded by cash in hand, common stock, warrants and preferred stock.