Annual report pursuant to Section 13 and 15(d)

Notes Payable, Net (Tables)

v3.22.0.1
Notes Payable, Net (Tables)
12 Months Ended
Dec. 31, 2021
Notes Payable [Abstract]  
Schedule of the outstanding notes payable A summary of the outstanding notes payable, net, is presented in the table below (in thousands):
                                 
Description
  
Maturity Date
    
Interest Rate
   
December 31, 2021
    
December 31, 2020
 
                 
Successor
    
Predecessor
 
Senior Unsecured Notes
     November 2025        7.9  
$
350,000
 
   $ 350,000  
Financing Agreement
     January 2021        5.5  
 
—  
 
     9  
                     
 
 
    
 
 
 
Total aggregate principle amount
                   
 
350,000
 
     350,009  
Fair value adjustment, net of amortization
(1)
                   
 
3,383
 
     —    
Less: Debt issuance costs
                   
 
—  
 
     (13,436
                     
 
 
    
 
 
 
Total notes payable, net
                   
$
353,383
 
   $ 336,573  
                     
 
 
    
 
 
 

(1)
In conjunction with the Business Combination discussed in Note 4, the Company was required to adjust the liabilities assumed to fair value, resulting in a premium on the Notes and the elimination of the previously recognized debt issuance costs.