| Schedule of Debt |
| | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | | Effective Interest Rate as of June 30, 2026 (1) | | Maturity Date | | Par Value | | Unamortized Debt Premium and (Discount) (2) | | Carrying Value | | Unamortized Deferred Financing Fees (3) | | Total Debt, Less Unamortized Deferred Financing Fees | Debtor-in-Possession Financing Facilities (6) | | | | OpCo DIP Facility | | 12.758% | | May 2027 | | $ | 279.9 | | $ | — | | $ | 279.9 | | $ | — | | $ | 279.9 | Super HoldCo DIP Facility | | 6.008% | | May 2027 | | | 163.3 | | | — | | | 163.3 | | | — | | | 163.3 | 2026 AR Facility (5) | | Various | | May 2027 | | | 144.7 | | | — | | | 144.7 | | | — | | | 144.7 | Prepetition debtor financing | | | | | | | | | | | | | | | | | | | | 2028 Refinance Term Loans | | 12.169% | | May 2028 | | | 1,161.2 | | | — | | | 1,161.2 | | | — | | | 1,161.2 | 2028 Term Loan B | | 7.939% | | May 2028 | | | 716.3 | | | — | | | 716.3 | | | — | | | 716.3 | OpCo Super-Priority Revolver (4) | | Various | | February 2028 | | | 164.1 | | | — | | | 164.1 | | | — | | | 164.1 | 2029 Refinance Senior Notes | | 7.625% | | May 2029 | | | 391.0 | | | — | | | 391.0 | | | — | | | 391.0 | Other indebtedness | | Various | | Various | | | 3.6 | | | — | | | 3.6 | | | — | | | 3.6 | Total debt | | | | | | $ | 3,024.1 | | $ | — | | $ | 3,024.1 | | $ | — | | $ | 3,024.1 | Less: current portion (8) | | | (589.6) | Liabilities Subject to Compromise (9) | | | (2,432.6) | Total long-term debt, net of unamortized deferred financing fees | | $ | 1.9 |
| | | | | | December 31, 2025 | | | Interest Rate as of
December 31, 2025 | | Maturity Date | | Par Value | | Unamortized Debt Premium and (Discount) (2) | | Carrying Value | | Unamortized Deferred Financing Fees (3) | | Total Debt, Less Unamortized Deferred Financing Fees | Accounts Receivable Securitization Facility (7) | | Various | | January 2028 | | $ | 118.0 | | $ | — | | $ | 118.0 | | $ | — | | $ | 118.0 | 2028 Refinance Term Loans | | 12.412% | | May 2028 | | | 1,256.6 | | | (18.7) | | | 1,237.9 | | | (17.4) | | | 1,220.5 | 2029 Refinance Senior
Notes | | 7.625% | | May 2029 | | | 388.6 | | | 53.0 | | | 441.6 | | | (22.1) | | | 419.5 | Senior Credit Facility | | | | | | | | | | | | | | | | | | | | 2028 Term Loan B | | 6.584% | | May 2028 | | | 716.3 | | | (1.3) | | | 715.0 | | | (6.5) | | | 708.5 | OpCo Super-Priority Revolver | | Various | | February 2028 | | | 75.0 | | | — | | | 75.0 | | | — | | | 75.0 | Other indebtedness | | Various | | Various | | | 3.9 | | | — | | | 3.9 | | | — | | | 3.9 | Total debt | | | | | | $ | 2,558.4 | | $ | 33.0 | | $ | 2,591.4 | | $ | (46.0) | | $ | 2,545.4 | Less: current portion (8) | | | | | | | | | | | | | | | | | | | (212.9) | Total long-term debt, net of unamortized deferred financing fees | | $ | 2,332.5 |
| (1) | The June 30, 2026 “effective interest rates” included in the table above represent the rates in effect on such date used to calculate: (i) adequate protection payments related to our OpCo Super-Priority Revolver, totaling $1.2 million as of June 30, 2026, and (ii) contractual interest related to our other debt instruments, notwithstanding the fact that such interest is not currently being recognized. These rates are expressed as a percentage of the contractual principal amounts outstanding as of such date and without consideration of any reductions related to adequate protection payments made through such date. |
| (2) | This caption includes various original issue accounting adjustments related to original issue premium and discounts, all of which are amortized to interest expense using the straight-line method over the related instrument’s contractual term. As of June 30, 2026, the Company wrote off (within “Reorganization items, net” in the condensed consolidated statements of operations) all original issue premium and discounts related to prepetition indebtedness in accordance with ASC 852, Reorganizations. |
The Company recorded a debt premium equal to the difference between the carrying value of the exchanged debt and the principal amount of the 7.625% second lien senior notes due 2029 (the “2029 Refinance Senior Notes”). The unamortized balance of this debt premium was $53.0 million as of December 31, 2025. The 2028 Term Loan B was issued at a 0.5% original issue discount, whose unamortized balance was $1.3 million as of December 31, 2025. The 2028 Refinance Term Loans were issued at a 3.0% original issue discount, whose unamortized balance was $18.7 million as of December 31, 2025. | (3) | This caption does not include deferred financing fees related to the Company’s revolving facilities, which are included within “Deferred charges and other assets” on the condensed consolidated balance sheets. As of June 30, 2026, the Company expensed (within “Reorganization items, net” in the condensed consolidated statements of operations) all deferred financing fees related to prepetition indebtedness in accordance with ASC 852, Reorganizations. |
| (4) | Under the OpCo Super-Priority Revolver, the Company had a capacity of $375.0 million with capacity of $60.0 million under the letter of credit subfacility. As of June 30, 2026, all prepetition indebtedness is included within liabilities subject to compromise therefore the Company did not have any funds available for borrowing under this Facility. Additionally, the Company is required to pay a quarterly commitment fee in respect of any unused commitments under this facility equal to 0.375% per annum. |
| (5) | As of June 30, 2026, this facility had a borrowing capacity of $150.0 million and $144.7 million outstanding under the facility. As of June 30, 2026 the Company had $164.3 million of accounts receivable available to support this facility, based on the pool of eligible accounts receivable, and had $5.3 million additional funds available for borrowing. |
| (6) | On May 28, 2026, certain direct and indirect subsidiaries of the Company, as borrowers, entered into two Senior Secured Super-Priority Debtor-in-Possession Credit Agreements, the “DIP Facilities,” consisting of the OpCo DIP Facility, with a principal amount of $270.0 million, and the Super HoldCo DIP Facility, with principal amount of $157.5 million. |
| (7) | As of December 31, 2025, this facility had a borrowing capacity of $150.0 million, and $118.0 million outstanding under the facility. As of December 31, 2025 the Company had $121.2 million of accounts receivable available to support this facility, based on the pool of eligible accounts receivable, and had $3.2 million of additional funds available for borrowing. This facility was closed and paid in full on May 29, 2026. |
| (8) | The current portion of long-term debt as of June 30, 2026 was primarily related to the Company’s 2026 AR Securitization Facility and the DIP Facilities. |
The current portion of long-term debt as of December 31, 2025 was primarily related to $118.0 million outstanding under the AR Securitization Facility, $75.0 million outstanding under the OpCo Super-Priority Revolver, as well as $19.9 million mostly related to the scheduled future principal payments on both the 2028 Term Loan B and the 2028 Refinance Term Loans. | (9) | As of June 30, 2026, the entire carrying amount our 2028 Term Loan B, 2028 Refinance Term Loans, and 2029 Refinance Senior Notes, as well as any related remaining accrued and unpaid interest that existed as of the Petition Date, is included in “Liabilities subject to compromise” in the condensed consolidated balance sheets. The carrying amount of our OpCo Super-Priority Revolver less reductions for certain adequate protection payments made since the Petition Date, totaling $1.2 million, is also included in “Liabilities subject to compromise.” |
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