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SEC Filings

8-K
COSI INC filed this Form 8-K on 02/13/2017
Entire Document
 

15.          The Plan Settlement is expected to result in the full payment of all (i) Secured Claims held by Entities other than those held by the Supporting Parties, (ii) Administrative Claims (including Professional Fee Claims), and (iii) Priority Claims.  In addition, the Plan Settlement provides for the Reorganized Debtors to assume and pay in the ordinary course all (i) Continuing Employment Claims and (ii) Customer Claims (held by customers).

16.          Finally, under the Plan Settlement, Holders of General Unsecured Claims (i.e., Class 6 Claims) will receive Distributions expected to be in the range of 15.4% to 19.2%, depending on the resolution of certain unresolved issues.

17.          Detailed information regarding the Debtors, circumstances leading to the filings of their Chapter 11 petitions, significant events during the Bankruptcy Cases, including the initial proposal to sell substantially all assets pursuant to Bankruptcy Code § 363 and the events leading to the Operating Agreement, and the Plan are set forth in the Disclosure Statement.

18.          The Plan provides for the following classifications and treatment of Claims and Interests:

Class Number
Description of Class
Voting Status, Plan Treatment
N/A
Administrative Claims (other than Professional Fee Claims)
Voting Status:  Not Applicable
Plan Treatment:  Unimpaired
N/A
Professional Fee Administrative Claims
Voting Status:  Not Applicable
Plan Treatment:  Unimpaired
N/A
Priority Tax Claims
Voting Status:  Not Applicable
Plan Treatment:  Unimpaired
N/A
DIP Facility Claims
Voting Status:  Not Applicable
Plan Treatment:  Unimpaired
N/A
Claims Under Bankruptcy Code Section 503(b)(9)
Voting Status:  Not Applicable
Plan Treatment:  Unimpaired
1
Priority Claims
Voting Status:  Deemed to Accept
Plan Treatment:  Unimpaired
2
JP Morgan Chase Secured Claim
Voting Status:  Deemed to Accept
Plan Treatment:  Unimpaired
 
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