Sientra, Inc., along with its affiliates, filed a joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on April 15, 2024. As per the plan filed, administrative expense claims, priority tax claims, professional fee claims and other priority claims shall be paid in full in cash. DIP facility claims shall receive its pro rata share of cash in an amount equal to the new money loans, its pro rata share of the tiger note on behalf of the roll-up loans and entitled to its pro rata share of an allowed dip facility deficiency claim.

Other secured claims shall either receive payment in full in cash or collateral securing such claim or reinstated. Prepetition first lien secured claims shall receive its pro rata share of an allowed prepetition first lien deficiency claim. General unsecured claims shall receive pro rata share of the distributable assets, if any, pursuant to the waterfall recovery.

Intercompany claims and intercompany interests shall either be reinstated, adjusted, otherwise set off, settled, distributed, or contributed, or canceled, released, or discharged without any distribution on account of such interests. Interests in Sientra shall be cancelled without any distribution. Section 510(b) claims shall receive no distribution.

The plan shall be funded from available cash, the distributable assets, if any, the wind-down amount, the tiger note, the debtors? rights under the sale transaction documentation, payments made directly by the purchasers on account of any assumed liabilities under the sale transaction documentation, payments of cure costs made by the purchasers.