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      "text": "De-Levers the Balance Sheet: Cancels or equitizes approximately $1.5bn of debt(1). Pro forma for the Transaction, the Company's total debt reduces from $3.6bn to less than $2.4bn",
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      "text": "Issuance of $500mm New 1L Notes and commitment for $475mm of New 1L Delayed Draw Notes in connection with the Transaction",
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      "text": "Significant capital commitments primarily from existing bondholders, a third-party investor, and SoftBank demonstrate stakeholder confidence in the Company's projections and prospects",
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      "text": "SoftBank will exchange the remaining $609.5mm of its 5.00% Senior Unsecured Notes into new debt and equity at a discount to par",
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      "text": "Extends Maturities: Extends FY2025 maturity wall by 2 years; approximately $1.9bn of pro forma funded debt will now mature in FY2027(2)",
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      "text": "In connection with the transaction, SoftBank Vision Fund II (\"SVFII\") will extend its guarantees for the LC facility to August 2027",
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      "text": "Public bondholders will exchange their 7.875% Senior Unsecured Notes and 5.00% Senior Unsecured Notes into either (a) new debt and equity or (b) equity, in each case at a discount to par",
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