Cengage Learning filed with the U.S. Bankruptcy Court a Supplement for its Amended Joint Plan of Reorganization. The Supplement contains the following documents: Exhibit A: schedule of assumed executory contracts and unexpired leases; Exhibit B: schedule of rejected executory contracts and unexpired leases; Exhibit C: term sheet for the new debt alternative facility; Exhibit D: term sheet for the exit revolver facility; Exhibit E: new certificates of incorporation; Exhibit F: new bylaws; Exhibit G: new shareholders’ agreement; Exhibit H: new registration rights agreement; Exhibit I: list of the retained causes of action; Exhibit J: new management employment agreements; Exhibit K: management incentive plan; Exhibit L: description of transaction steps; Exhibit M: withheld Apax distribution gross-up percentages; Exhibit N: amount of balance sheet cash and estimated available cash; Exhibit O: implied price per share of new equity under the plan and Exhibit P: to the extent known, the identity of members of the new board and the nature and compensation for any member of the new board who is an “insider” under Section 101(31) of the Bankruptcy Code. The Court previously scheduled a March 13, 2014 hearing to consider confirmation of the Plan.
About Brandy Chetsas
Brandy L. Chetsas is editor in chief at Bankrupt Company News. She joined New Generation Research, Inc. in 1998. As Director of Strategic Content, she leverages 20+ years of communications and project management experience for the distressed investing sector--with particular expertise on corporate restructurings via Chapter 11. Brandy began her career writing for a law enforcement-related publication and teaching English courses at numerous colleges in the U.S. and abroad.