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  "notes": "Includes specific annotations regarding financing assumptions for Q3 2021E and 2022E.",
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      "text": "Total Liquidity ($ in billions)",
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      "text": "Please refer to reconciliation for Adj. EBITDA on pg. 46 in the appendix. Source: Management Projections. 1. Defined as undrawn financing commitments... 2. Liquidity includes... 3. Assumes closing of transaction...",
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      "text": "Illustratively assumes $550mm of new SoftBank Senior Secured Facility (maturing Sept. 2022, 18 months from signing) is refinanced",
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      "text": "Assumes issuance of $1,283mm of new equity and liquidity from $550mm of new SoftBank Senior Secured Facility",
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      "text": "Expected to achieve breakeven Adj. EBITDA by Q4'21E, and liquidity is not expected to drop below $1.8bn throughout projection period",
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