Chapter 11 ) AE Bicycle Liquidation, Inc., Et Al.,1 ) Case No
UNITED STATES BANKRUPTCY COURT MIDDLE DISTRICT OF NORTH CAROLINA DURHAM DIVISION In re: ) Chapter 11 ) AE Bicycle Liquidation, Inc., et al.,1 ) Case No. 18-80856 ) (Jointly Administered) ) Debtor. ) ) AMENDED DISCLOSURE STATEMENT FOR JOINT PLAN OF LIQUIDATION AE Bicycle Liquidation, Inc. (formerly known as Advanced Sports Enterprises, Inc.), AI Bicycle Liquidation, Inc. (formerly known as Advanced Sports, Inc.), Performance Direct, Inc., Bitech, Inc., and Nashbar Direct, Inc. (collectively, the “Debtors”), pursuant to 11 U.S.C. § 1125 and Rule 3016 of the Federal Rules of Bankruptcy Procedure, respectfully submit this Disclosure Statement in connection with the solicitation of acceptances and rejections with respect to the Joint Plan of Liquidation (the “Plan”). Capitalized terms used and not otherwise defined herein shall have the meanings set forth in the Plan. A copy of the Plan is attached hereto as Exhibit 1 and incorporated herein by reference. The purpose of this Disclosure Statement is to (a) provide holders of Claims and Equity Interests with information regarding the Debtors’ history, business, and case, (b) advise holders of Claims and Equity Interests of the provisions of the Plan, alternatives to the Plan, and their rights under the Plan, (c) assist the holders of Claims and Equity Interests in making an informed judgment regarding whether they should vote to accept or reject the Plan, and (d) assist the Court in determining whether the Plan complies with the provisions of the Bankruptcy Code and should be confirmed. 1 The Debtors in this case, along with each Debtor’s case number, are: (i) AE Bicycle Liquidation, Inc. (formerly known as Advanced Sports Enterprises, Inc.), Case No.
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