The consent solicitations sought waivers of compliance with certain provisions of the Indentures to allow certain subsidiaries of the Company to enter into two financing facilities. As a result of this solicitation, the Company and Laidlaw One obtained the requisite consent under each of the Indentures to enter into those financing facilities. The Greyhound Facility can be accelerated upon an event of default, in which case payment of all obligations would become due prior to the maturity dates described above. The Greyhound Facility is secured by liens on substantially all of the assets of the Greyhound Parties. The Greyhound Facility contains normal and customary events of default for facilities of this type.
Interest is payable monthly in arrears and on the maturity date.
The Bridge Facility contains normal and customary events of default for facilities of this type.