The US Bankruptcy Court approved the fourth revised joint amended reorganization plan of Berry Petroleum Company, LLC and LINN Acquisition Company, LLC on January 27, 2017. As per the plan, Berry Lender Claims shall receive either, if holder vote to accept the plan and elect to participate in the Berry Exit Facility or if voted against the plan then holder will get pro-rata share of Reorganized Berry Non-Conforming Term Notes. Berry Unsecured Notes Claims shall receive pro-rata share of Reorganized Berry Common Stock / Noteholder Distribution and to the extend aggregate amount of claim is less than $183 million, its pro-rata share of Reorganized Berry Common Stock. Berry General Unsecured Claims shall receive pro-rata share of Reorganized Berry Common Stock / General Distribution. Berry Intercompany Claims shall be canceled and released without any distribution. Berry Petroleum Company, LLC and LINN Acquisition Company, LLC filed revised amended plan of reorganization and related disclosure statement in the US Bankruptcy Court on December 14, 2016. As per the revised plan, Allowed Other Berry Secured Claims has been estimated at $5.4 million with a recovery of 100%. Berry Lender Claims are estimated at $891.3 million and will get chance to participate in the Berry Exit Facility and will get Berry Lender Paydown, which will be funded through Rights Offering. Allowed Berry Unsecured Notes Claims has been estimated at $849 million with a recovery in the range of 47% to 52%. Allowed Berry General Unsecured Claims are estimated in the range of $109 million to $165 million and will get a recovery in the range of 21% to 46%. Berry Rights Offerings contemplate two separate rights offerings totaling $300 million, consisting of a $60 million first tranche Rights offering and $240 million second tranche Rights Offering for Reorganized Berry Preferred Stock. Berry unsecured note claims will have an estimated recovery in the range of 43% to 50%. Berry unsecured claims will have an estimated recovery of 21% to 46%. The plan will be funded from Berry reserve revolving loan facility of $550 million along with other Exit facility.