IPO and Private Placement (Tables)

9 Months Ended

Sep. 30, 2020

Schedule of Use of Proceeds from Initial Public Offering

The use of the proceeds from the IPO is as follows:


Gross proceeds	$	2,381.0
Less:
Underwriter fees	89.1
IPO related expenses (a)	42.8
Redemption of Series A Preferred Stock	1,067.9
Make-whole payment on redemption of Series A Preferred Stock	205.2
Partial redemption of 10.250% New Senior Unsecured Notes and accrued interest	312.0
Call premium on partial redemption of 10.250% New Senior Unsecured Notes	30.8
Partial redemption of 6.875% New Senior Secured Notes and accrued interest	282.2
Call premium on partial redemption of 6.875% New Senior Secured Notes	19.3
Cash to balance sheet	$	331.7

(a) Includes payment of $30.0 million to the Originating Sponsors (see Note 19), in connection with the waiver and termination of anti-dilution rights in the Star Parent Partnership Agreement. Also in connection with the IPO transaction, we paid fees of $2.5 million each to Thomas H. Lee Partners, L.P. ("THL") Managers and entities affiliated with William P. Foley II and Chinh E. Chu (Bilcar, LLC and CC Star Holdings, LP, respectively) for services provided.