Item 8.01 Other Events.
On February 3, 2023, the Company issued a notice of full conditional redemption
(the "Notice of Full Conditional Redemption") pursuant to the indenture, dated
as of November 30, 2018 (the "Indenture") between the Company, the guarantors
listed therein and U.S. Bank Trust Company, National Association (as successor
to U.S. Bank National Association), as trustee, collateral agent, registrar and
paying agent, governing its 9.250% Senior Secured First Lien Notes due 2023 (the
"Notes").
Pursuant to the Notice of Full Conditional Redemption, the Company gave holders
of the Notes notice that, upon the satisfaction of the Condition Precedent (as
defined below), it intends to redeem all $180,000,000 of its outstanding Notes
on March 6, 2023 (the "Redemption Date") at a redemption price equal to 100.0%
of the aggregate principal amount of the Notes to be redeemed, plus accrued and
unpaid interest and Additional Amounts (as defined in the Indenture), if any,
to, but not including, the Redemption Date. The redemption of the Notes is
conditioned upon the receipt by the Company of proceeds from a completed debt
financing in an amount sufficient, in the Company's opinion, to fund the
Redemption Price on the Redemption Date pursuant to the terms of the Indenture
(the "Condition Precedent").
This Current Report on Form 8-K should not be construed as a notice of
redemption for any of the outstanding Notes.
***
This foregoing is provided for informational purposes only and does not
constitute an offer to sell, a solicitation of an offer to purchase, or an offer
to purchase with respect to, any securities.
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