2 3 The deal was expected to close on December 30, 2017. Due to a change of control provisions in the covenants of the existing debt, the was required to pay off the existing debt prior to the closing of the deal. sponsor The revolver was packaged with the Senior Secured Term Loan B and was required to be repaid in full before it could be drawn again. Term Loan B (ratings Moody's B3/S&P B) was a floating rate loan due in 2025 that paid interest annually on the prior year's ending debt balance, based on London Inter-bank Offered Rate (LIBOR) (assumed constant) plus a.spread. The loan required amortization of 1% of the initial principal amount of $1,575 million to be repaid each year. The senior unsecured notes (ratings Moody's Caa3/S&P CCC+) were high-yield notes that paid fixed-rate interest of 7.3% per annum on the prior year's enung debt balance, were due in 2026, and had bullet amortization. Cash flow in excess of operating and financial obligations would be used to, in order of priority, pay the required