Annual report pursuant to Section 13 and 15(d)

SENIOR TERM LOAN (Tables)

v3.22.1
SENIOR TERM LOAN (Tables)
12 Months Ended
Dec. 31, 2021
Senior Term Loan  
Schedule of Fortress Credit Agreement
             
Level   Net EBITDA
Leverage Ratio
  Base Rate Loan   LIBOR Loan
Level I   Less than or equal to 2.00:1.00   The applicable rate is the Base Rate plus 6.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 0.50%   The applicable rate is LIBOR plus 7.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 1.50%
             
Level II   Less than or equal to 3.00:1.00
but greater than 2.00:1.00
  The applicable rate is the Base Rate plus 7.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 1.50%   The applicable rate is LIBOR plus 8.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 2.50%
             
Level III   Less than or equal to 4.00:1.00
but greater than 3.00:1.00
  The applicable rate is the Base Rate plus 8.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 2.50%   The applicable rate is LIBOR plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50%
             
Level IV   Less than or equal to 5.00:1.00
but greater than 4.00:1.00
  The applicable rate is the Base Rate plus 9.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 3.50%   The applicable rate is LIBOR plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50%
             
Level V   Greater than 5.00:1.00   The applicable rate is the Base Rate plus 10.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 4.50%   The applicable rate is LIBOR plus 11.00% per annum, of which the Margin Cash Component is 5.50% and the Margin PIK Component is 5.50%