SERIES A CUMULATIVE REDEEMABLE PREFERRED UNITS (Tables) |
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Jun. 30, 2020 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Preferred Units | The net transaction price as shown below was based on the negotiated transaction price, less issue discounts and transaction costs.
Certain redemption features embedded within the terms of the Preferred Units require bifurcation and measurement at fair value. As such, the net transaction price shown in the table above was allocated to the preferred redeemable noncontrolling interest and the embedded features according to the associated initial fair value measurements as follows:
(1) See Note 13—Fair Value Measurements for further discussion on the nature and recognition of the embedded derivative. Activity related to the Preferred Units during the six months ended June 30, 2020 is as follows:
N/A - not applicable.
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