Quarterly report pursuant to Section 13 or 15(d)

Chapter 11 Proceedings and Emergence (Tables)

Chapter 11 Proceedings and Emergence (Tables)

9 Months Ended

Dec. 31, 2023

Chapter 11 Proceedings and Emergence

Schedule of gain on extinguishment of debt


Pre-petition senior secured principal	$	53,000
Accrued interest and fees on pre-petition senior secured principal		3,953
Additional New Money DIP Notes		12,000
DIP commitment fee		600
DIP PIK interest (post-petition interest)		755
New Money Exit Notes		3,000
Fair value of Preferred Units of Operating Subsidiary exchanged		(13,859)
Fair value of Exit Notes and net retained assets		(24,106)
Total gain from debt extinguishment	$	35,343

Schedule of components of reorganization items

The table below lists the components of reorganization items for the three and nine months ended December 31, 2023 (in thousands):


		Three Months Ended			Nine Months Ended
		December 31, 2023			December 31, 2023
Professional fees		$	(2,154)		$	(2,213)
Adjustment of debt to approved claim			—			512
DIP commitment fee			(600)			(600)
Gain on debt extinguishment			35,343			35,343
Total reorganization items, net		$	32,589		$	33,042