AUSTIN, Texas–(BUSINESS WIRE)–The ad hoc group of trade claimants (the “Ad Hoc Trade Claimants Group”) of Tuesday Morning Corporation and its affiliated debtors in possession (collectively, the “Debtors”) today announced that its members have reached a consensual agreement with the Debtors to vote in favor of the Plan. The Ad Hoc Trade Claimants Group has agreed to withdraw its previously filed opposition to the Plan and vote in favor of the Debtors’ proposed reorganization plan (the “Plan”). Invictus Global Management LLC (together with its affiliates, “Invictus”) has also agreed to drop its previously announced intended appeal of the court’s December 9, 2020 ruling in light of the resolution that has been reached.

Under the terms of the Plan, Class 5 General Unsecured Creditors are positioned to receive full recoveries and post-petition interest. The Ad Hoc Trade Claimants Group believes it is in the best interest of Class 5 General Unsecured Creditors to support the Plan and they and each of their members will also be supporting the Plan. They encourage all Class 5 General Unsecured Creditors to vote in favor of the Plan.


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Contacts

Saratoga Proxy Consulting

John Ferguson / Joe Mills, 212-257-1311

jferguson@saratogaproxy.com / jmills@saratogaproxy.com