SEARCHLIGHT INVESTMENT (Tables)

12 Months Ended

Dec. 31, 2020

SEARCHLIGHT INVESTMENT

Schedule of estimated fair value of components of Investment Agreement

(In thousands)
Assets Received:
	Cash proceeds	$	350,000
	Receivable from Searchlight, net of discount of $612		74,388
	Less: Issuance costs		(14,474)
	Total consideration	$	409,914
Assets Exchanged:
	6,352,842 shares of common stock, par value $0.01 per share, net of issuance costs of $1,473	$	26,779
	CPR for 16.9% additional shares of common stock		79,469
	CPR for 10.1% additional shares of common stock		67,221
	Unsecured subordinated note right, net of discount of $146,018 and issuance costs of $13,001		236,445
		$	409,914