The Offers and solicitations of consents are conditioned upon , among other things , ( i ) the funding of a $ 125 million preferred equity investment by entities associated with Oak Hill Capital Partners , L.P. ( the " Equity Investment " ) , ( ii ) the receipt of sufficient proceeds from the offerings of new senior secured notes and new senior subordinated notes ( the " New Notes Offerings " ) to pay for all Notes and related consents accepted in the Offers , ( iii ) at least 90 % of the outstanding principal amount of the Floating Rate Notes having been validly tendered ( and not validly withdrawn ) in the FRN Offer ; ( iv ) at least 85 % of the outstanding principal amount of the Subordinated Notes having been validly tendered ( and not validly withdrawn ) in the Subordinated Notes Offer ; ( v ) receipt of the requisite consents to the proposed amendments and execution of the applicable supplemental indentures ; and ( vi ) certain other conditions as specified in the Offer to Purchase . In addition , the Equity Investment and the New Notes Offerings are conditioned on the successful completion of each other and other conditions precedent specified in the Offer to Purchase .