MERGER AND RELATED PARTY AGREEMENTS (Tables)

12 Months Ended

Dec. 31, 2020

Loss to common unitholders attributable to the Merger

The excess of (x) the fair value of the consideration transferred in exchange for the outstanding Holdings units over (y) the carrying value of the general partner interest in the Partnership was subtracted from net income available to common unitholders in the calculation of net loss per common unit attributable to the Merger as follows (in thousands of dollars, except unit and per unit data):


Consideration transferred:
Fair value of incremental NS common units issued	$	335,106
Holdings debt and assumed net current liabilities	52,075
Transaction costs	15,897
Total consideration	403,078

Carrying value of general partner interest	25,999
Loss to common unitholders attributable to the Merger	$	(377,079)

For the year ended December 31, 2018:
Basic weighted-average common units outstanding	99,490,495
Loss per common unit attributable to the Merger	$	(3.79)