The Former Parent, along with certain of its direct and indirect 100% owned domestic subsidiaries (the subsidiary guarantors, and together with the Former Parent, the guarantors), entered into guarantees of the outstanding 7.750% Notes (the guarantees). All guarantees provided by the guarantors were full and unconditional, joint and several, except that the guarantee of any subsidiary guarantor could be released under certain customary circumstances, including (i) in connection with a sale or other disposition of all or substantially all of the assets of the applicable subsidiary guarantor (including by way of merger or consolidation) to a person that is not the Issuer, Former Parent or a subsidiary of the Issuer; (ii) in connection with a sale or other disposition of all of the capital stock of such subsidiary guarantor to a person that was not the Former Parent or Issuer or their respective subsidiaries; and (iii) upon legal defeasance or satisfaction and discharge of the indenture that governed the 7.750% Notes. The Former Parent was to be released from its guarantee only in connection with any legal defeasance or satisfaction and discharge of the indenture. Upon emergence in 2021, all outstanding obligations under the outstanding unsecured senior notes were cancelled and the applicable agreements governing such obligations were terminated as discussed in Part I, Item 1 of this Annual Report on Form 10-K.

With respect to each guarantor, each guarantee was a general unsecured senior obligation of such guarantor and

ranked equally in right of payment with all existing and future senior unsecured indebtedness of such guarantor;

was senior in right of payment to any future subordinated obligations of such guarantor; and

was effectively subordinated to existing and future secured indebtedness of such guarantor to the extent of the value of the assets securing that indebtedness.

The guarantee obligations of the Former Parent and each subsidiary guarantor were limited as necessary to prevent the guarantee from constituting a fraudulent conveyance under applicable law. If a guarantee was rendered voidable, it could be subordinated by a court to all other indebtedness (including guarantees and other contingent liabilities) of the applicable guarantor, and, depending on the amount of such indebtedness, such guarantor’s liability on its guarantee could have been reduced to zero.

The 7.750% Notes and the guarantees were structurally subordinated to all indebtedness and other obligations of any of the subsidiary guarantors that did not guarantee the 7.750% Notes (the non-guarantor subsidiaries). Such non-guarantor subsidiaries had no obligation, contingent or otherwise, to pay amounts due under the 7.750% Notes or to make funds available to pay those amounts, whether by dividends, distributions, loans or other payments.

The following summarized financial information presents the financial information of the Former Parent, Issuer and the subsidiary guarantors (collectively, the Obligor Group), on a combined basis, after elimination of (i) intercompany transactions and balances among the Former Parent, Issuer and the subsidiary guarantors and (ii) equity in earnings from and investments in any subsidiary of the Former Parent that was not the Issuer or a subsidiary guarantor.



OBLIGOR GROUP
Summarized Balance Sheets Information
(in thousands)

	December 31,
	2020		2019
Current assets	$	377,166	$	789,562
Noncurrent assets		1,079,397		1,134,238
Total assets	$	1,456,563	$	1,923,800

Current liabilities	$	141,676	$	261,743
Noncurrent liabilities		4,282,311		2,039,138
Total liabilities	$	4,423,987	$	2,300,881



OBLIGOR GROUP
Summarized Statements of Operations Information
(in thousands)

	Years ended December 31,
	2020		2019
Total revenues	$	641,216	$	1,126,456
Cost of revenues		432,363		723,451

Loss from operations before income taxes		(273,825)		(92,731)
Income taxes		(17,602)		6,102
Net loss from continuing operations		(256,223)		(98,833)
Loss from discontinued operations, net of tax		(114,882)		(177,968)
Net loss attributable to the Obligor Group	$	(371,105)	$	(276,801)