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Quarterly report pursuant to Section 13 or 15(d)

SUBSEQUENT EVENTS

v3.22.1
SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2022
Subsequent Events [Abstract] Ìý
SUBSEQUENT EVENTS
NOTE 19 - SUBSEQUENT EVENTS
On March 21, 2022, we issued a notice of redemption for all $607Ìýmillion aggregate principal amount outstanding of the 9.875% 2025 Senior Secured Notes. The total payment made on April 20, 2022, the redemption date, to holders of the notes, including the redemption premium, was $677Ìýmillion. The notes were redeemed with available liquidity and resulted in a loss on extinguishment of debt of $85Ìýmillion, which will be recorded during the second quarter of 2022. The cash interest associated with these notes was approximately $60Ìýmillion per year.