Subsequent Events	6 Months Ended
Jun. 30, 2022
Subsequent Events
Subsequent Events	18. Subsequent Events Paddock Support Agreement Liability Subsequent to the second quarter of 2022, on July 8, 2022, the Effective Date of the Plan occurred, the Paddock support agreement was terminated, and the channeling injunction went into effect. Pursuant to the Plan, Paddock issued the Trust Note in the principal amount of $8.5 million to the Paddock Trust on the Effective Date. On July 18, 2022, the Company drew down the $600 million delayed draw term loan and funded the Paddock Trust with $601.5 million, comprising $600 million borrowed under the Agreement and $1.5 million from cash. On July 20, 2022, Paddock redeemed the Trust Note by paying $8.5 million in cash to the Paddock Trust. Having funded the entire $610 million required by the Plan to the Paddock Trust, on July 20, 2022, the Pledge Agreement made by the Company was terminated, the pledge of the shares of Paddock to the Paddock Trust was released and the Company regained exclusive control over Reorganized Paddock’s activities. Therefore, at that date in the third quarter of 2022, Reorganized Paddock was reconsolidated, and its remaining assets and liabilities were recognized in the Company’s consolidated financial statements on a prospective basis. The funding of the Paddock Trust and certain related expenses will result in an estimated operating cash outflow of $620 million in the Company’s third quarter 2022 consolidated cash flows.

Subsequent Events

6 Months Ended

Jun. 30, 2022

18. Subsequent Events

Paddock Support Agreement Liability

Subsequent to the second quarter of 2022, on July 8, 2022, the Effective Date of the Plan occurred, the Paddock support agreement was terminated, and the channeling injunction went into effect. Pursuant to the Plan, Paddock issued the Trust Note in the principal amount of $8.5 million to the Paddock Trust on the Effective Date. On July 18, 2022, the Company drew down the $600 million delayed draw term loan and funded the Paddock Trust with $601.5 million, comprising $600 million borrowed under the Agreement and $1.5 million from cash. On July 20, 2022, Paddock redeemed the Trust Note by paying $8.5 million in cash to the Paddock Trust.

Having funded the entire $610 million required by the Plan to the Paddock Trust, on July 20, 2022, the Pledge Agreement made by the Company was terminated, the pledge of the shares of Paddock to the Paddock Trust was released and the Company regained exclusive control over Reorganized Paddock’s activities. Therefore, at that date in the third quarter of 2022, Reorganized Paddock was reconsolidated, and its remaining assets and liabilities were recognized in the Company’s consolidated financial statements on a prospective basis. The funding of the Paddock Trust and certain related expenses will result in an estimated operating cash outflow of $620 million in the Company’s third quarter 2022 consolidated cash flows.