Ascena Retail Group, Inc., along with its affiliates, filed a third amended joint plan of reorganization in the US Bankruptcy Court on December 30, 2020. As per the amended plan filed, term loan claims of $1.27 million shall receive, to the extent the debtor consummate the sale transaction on or prior to the effective date, each holder of an term loan claim shall receive its pro rata share of the net lender distributable cash. To the extent the debtors do not consummate the sale transaction on or prior to the effective date, each holder of term loan claim shall receive its pro rata share of the loans arising under the second out exit term loan facility; 55.1% of the new common stock less the percentage of new common stock distributed as the equity premium, subject to dilution on account of the management incentive plan; and the excess cash. There are no changes in the treatment of any other claim class.