Diamond Offshore Drilling, Inc., along with its affiliates, filed a joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on January 22, 2021. As per the plan filed, administrative claims, statutory fees, professional compensation claims, priority tax claims, other priority claims and other secured claims will be paid full in cash. RCF claims of 444.69 million will be paid through pro rata share of RCF cash paydown, its Participating RCF Lender Share of up to $100 million of funded loans under the Exit revolving credit facility and a share of $200 million (less the amount of aggregate funded loans under the Exit Revolving Credit Facility) of the exit term loan facility, if Holder elects to participate in the Exit Revolving Credit facility. Id the holder does not elects to participate in the Exit Revolving Credit facility, the claim will be paid through a share of $200 million (less the amount of aggregate funded loans under the Exit Revolving Credit Facility) of the Exit Term Loan Facility and its pro rata share (calculated as a percentage of all Holders in such Class that do not elect to participate in the Exit Revolving Credit Facility) and a portion of the RCF Cash Paydown. Senior note claims of $2.04 billion will be paid through 70% of the New Diamond common shares and subscription rights to participate in the Rights Offerings to (a) pursuant to the Primary Rights Offering, purchase such Holder’s pro rata portion of $46.88 million of Exit Notes and 12.78% of the issued and outstanding New Diamond common shares and (b) pursuant to the Delayed Draw Rights Offering, subscribe for such Holder’s Pro Rata portion of commitments to purchase up to $21.88 million of Delayed Draw Notes and 5.97% of the total New Diamond common shares. General Unsecured Claims will be paid through payment full in cash. Intercompany claims either be reinstated or discharged. Holders of Existing Parent equity interests will receive pro rata share of the new Warrants and Intercompany Interests will either be cancelled or reinstated. The plan will be funded through cash in hand, exit revolving credit facility of $300-$400 million, exit term loan facility of $100-$200 million, exit notes of $110 million and issuance of new Diamond common shares and rights.