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Subsequent Events
3 Months Ended
Mar. 31, 2014
Subsequent Events  
Subsequent Events

21. Subsequent Events

 

The Company has evaluated our subsequent events through the filing date of this Form 10-Q.

 

On May 1, 2014, 847,049 Common Interests (plus an equal number of shares of the Company’s Class B common stock) were exchanged for 847,049 shares of the Company’s Class A common stock pursuant to the exchange agreement entered into at the time of the IPO (Note 18).

 

On May 6, 2014, the Company amended the terms of its Residual Term Facility with a financial institution (Note 9). The amendment, among other things, increased the principal balance to $110.0 million, extended the maturity date to May 22, 2021, decreased the interest rate to 7.0%, and eliminated the requirement of mandatory annual principal payments.