Stage Stores, Inc., along with its affiliate, filed a first amended joint plan of liquidation with related disclosure statement in the US Bankruptcy Court on June 30, 2020. As per the amended plan filed, other secured claims are estimated to be $1 million, other priority claims shall be paid in cash. Prepetition secured claims are estimated to be $232.1 million and shall receive its pro rata share of prepetition secured claims recovery, until paid in full.

To the extent the prepetition secured claims recovery is insufficient to pay all prepetition secured claims in full, then prepetition secured claims shall receive the residual unliquidated prepetition collateral and any available post-petition collateral. General unsecured claims of $342 million shall be recovered 6% i.e. $20.52 million. There are no changes in the treatment of any other claim class.

Stage Stores, Inc., along with its affiliate, filed a solicitation version of first amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on June 30, 2020. As per the plan filed there are no changes in the treatment of any claim class.