Altera Infrastructure L.P., filed second amended disclosure statement along with first amended joint plan of reorganization in the US Bankruptcy Court on October 5, 2022. As per the disclosure statement filed, IntermediateCo Notes Claims of $957.1 million shall receive an allocation its pro rata share of the intermediateco new common stock distribution. Altera unsecured notes claims and other general unsecured claims at altera and altera finance corp.

of $289.2 million shall receive its pro rata share of (i) 13% of the new common stock. There is no other change in the treatment of claims.