CCLP Series A Convertiable Preferred Units CCLP Series A Preferred Units

9 Months Ended

Sep. 30, 2019

Series A Preferred Units [Abstract]

CCLP Series A Preferred Units

CCLP SERIES A CONVERTIBLE PREFERRED UNITS

In January 2019, CCLP began redeeming CCLP Preferred Units for cash, resulting in 2,660,569 CCLP Preferred Units being redeemed during the nine months ended September 30, 2019 for an aggregate of $28.0 million, which includes approximately $1.3 million of redemption premium that was paid and charged to other (income) expense, net in the accompanying consolidated statements of operations. The last redemption of the remaining outstanding CCLP Preferred Units, along with a final cash payment made in lieu of paid-in-kind units, occurred on August 8, 2019, for an aggregate cash payment of $5.0 million, of which $0.6 million was paid to us.