Sequential Brands Group, Inc. filed a plan of liquidation with related disclosure statement in the US Bankruptcy Court on December 7, 2021. As per the plan filed, administrative claims, priority tax claims, other priority claims, professional fee claims, DIP claims of $150 million and other secured claims will be paid full in cash. Term B Secured Claims will be paid through pro rata share of the Liquidating Trust Interests. General unsecured claims and section 510(b) claims will be cancelled and receive no distribution. Intercompany claims and intercompany interests will either be reinstated or cancelled. Existing Parent Equity Interests will be cancelled. The plan will be funded through proceeds from cash in hand, sale of assets or liquidation trust.