SUBSEQUENT EVENT

3 Months Ended

Mar. 31, 2022

Subsequent Events [Abstract]

SUBSEQUENT EVENT

SUBSEQUENT EVENT

On April 20, 2022, we announced a commencement of a tender offer (the “Tender Offer”), subject to certain terms and conditions, for up to $320.0 million aggregate principal amount (the “Maximum Tender Amount”) of our 6.50% Senior Notes due 2026 (the “Notes”).

In connection with the Tender Offer, we also commenced the solicitation of consents (the “Consents”) of holders with respect to the Notes (the “Consent Solicitation”) to certain proposed amendments to the indenture for the Notes (the

“Proposed Amendments”.) The Proposed Amendments will, if adopted, among other things, eliminate substantially all of the restrictive covenants and certain events of default in the indenture. Effectiveness of the Proposed Amendments is subject to certain conditions, including receipt of the requisite number of Consents and the condition that the Notes validly tendered and not validly withdrawn in the Tender Offer are not subject to proration. The Tender Offer will expire on May 17, 2022.