| Schedule of Debt Outstanding |
Debt outstanding consisted of the following (in millions):
|
|
|
|
|
Predecessor |
|
|
|
|
|
|
December 31, |
|
|
|
|
Maturity Date |
|
2020 |
|
|
Term Loan |
|
May 1, 2024 |
|
$ |
|
634 |
|
|
Term Loan, Amended |
|
October 31, 2026 |
|
|
|
1,976 |
|
|
Secured Senior Notes |
|
June 1, 2025 |
|
|
|
300 |
|
|
Unsecured Senior Notes |
|
June 1, 2025 |
|
|
|
1,230 |
|
|
$24m Revolving Credit Facility |
|
May 1, 2022 |
|
|
|
— |
|
|
$226m Revolving Credit Facility, Amended |
|
October 31, 2024 |
|
|
|
— |
|
|
Other |
|
December 31, 2021 |
|
|
|
10 |
|
|
Total gross debt |
|
|
|
|
|
4,150 |
|
|
Less: term loan and senior note financing fees and premium, net |
|
|
|
|
|
(72 |
) |
|
Total debt, net |
|
|
|
|
|
4,078 |
|
|
Less: current portion of long term debt, net |
|
|
|
|
|
(37 |
) |
|
Total long term debt, net |
|
|
|
$ |
|
4,041 |
|
|
|
|
|
|
Successor |
|
|
|
|
|
|
September 30, |
|
|
|
|
Maturity Date |
|
2021 |
|
|
Term Loan |
|
May 1, 2024 |
|
$ |
|
73 |
|
|
Term Loan, Amended |
|
October 31, 2026 |
|
|
|
1,963 |
|
|
Term Loan, Third Incremental(1) |
|
August 31, 2028 |
|
|
|
519 |
|
|
Secured Senior Notes |
|
June 1, 2025 |
|
|
|
315 |
|
|
$294m Revolving Credit Facility, Amended |
|
August 31, 2026 |
|
|
|
— |
|
|
Other |
|
December 31, 2021 |
|
|
|
12 |
|
|
Total debt, net |
|
|
|
|
|
2,882 |
|
|
Less: current portion of long term debt, net |
|
|
|
|
|
(43 |
) |
|
Total long term debt, net |
|
|
|
$ |
|
2,839 |
|
(1) The net balance for the Third Incremental Term Loan includes unamortized debt issuance costs of $6 million.
|