Quarterly report pursuant to Section 13 or 15(d)

Notes Payable, Net (Tables)

v3.21.2
Notes Payable, Net (Tables)
6 Months Ended
Jun. 30, 2021
Notes Payable [Abstract]  
Schedule of the outstanding notes payable
A summary of the outstanding notes payable, net, is presented in the table below (in thousands):
 
Description
  
Maturity Date
  
Interest
Rate
   
June 30,
2021
         
December 31,
2020
 
               
Successor
         
Predecessor
 
Senior Unsecured Notes
   November 2025      7.9  
$
350,000
         $ 350,000  
Financing Agreement
   January 2021      5.5  
 
—  
 
 
 
     9  
                 
 
 
        
 
 
 
Total aggregate principle amount
 
 
 
350,000
           350,009  
Fair value adjustment, net of amortization
(1)
 
 
 
3,718
           —    
Less: Debt issuance costs
 
 
 
—  
 
         (13,436
     
 
 
        
 
 
 
Total notes payable, net
 
 
$
353,718
         $ 336,573  
     
 
 
        
 
 
 
 
(1)
In conjunction with the Business Combination discussed in Note 4, the Company was required to adjust the liabilities assumed to fair value, resulting in a premium on the Notes and the elimination of the previously recognized debt issuance costs.