Except as described below, the 2033 notes are not redeemable until July 24, 2028.

On and after July 24, 2028, the Issuer may on any one or more occasions redeem the 2030 notes, in whole or in part, upon not less than ten nor more than 60 days’ notice mailed or otherwise delivered to each Holder in accordance with the applicable procedures of DTC, at the following redemption prices (expressed as a percentage of principal amount of the 2033 notes to be redeemed) set forth below, plus accrued and unpaid interest on the 2033 notes, if any, to, but excluding, the applicable redemption date, if redeemed during the twelve-month period beginning on July 24 of each of the years indicated below:

Prior to July 24, 2028, the Issuer may on any one or more occasions redeem up to 40% of the original aggregate principal amount of the 2033 notes (calculated after giving effect to any issuance of additional notes of such series) with the Net Cash Proceeds of one or more equity offerings upon not less than ten nor more than 60 days’ notice mailed or otherwise delivered to each Holder in accordance with the applicable procedures of DTC, at a redemption price equal to 106.625% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the applicable redemption date; provided that

(1) at least 60% of the original aggregate principal amount of the 2033 notes (calculated after giving effect to any issuance of additional notes of such series) remains outstanding after each such redemption; and

(2) such redemption occurs within 120 days after the closing of such equity offering.

Special mandatory redemption

The closing of this offering is not conditioned upon the completion of the Capital Refinancing Plan, which will occur subsequent to the closing of this offering. See “—Risk Factors—Risks Related to the Notes and the Note Guarantees—If the Capital Refinancing Plan is not completed within 10 business days after the Issue Date, the Notes will be redeemed pursuant to a special mandatory redemption and you may not obtain your expected return on the Notes.”

In the event that the New Senior Facilities are not funded and the proceeds thereof not applied in a manner substantially consistent with the description under “—Capital Refinancing Plan,” within 10 business days after the Issue Date (such event to be communicated in writing by the Issuer to the Trustee in order for this provision to be effective and any such event being a “Special Mandatory Redemption Event”), the Issuer will redeem each series of notes (the “Special Mandatory Redemption”), at a price equal to 100% of the principal amount of the notes plus accrued and unpaid interest, to, but excluding, the Special Mandatory Redemption Date (as defined below) (the “Special Mandatory Redemption Price”). Notice of the occurrence of a Special Mandatory Redemption Event and that a Special Mandatory Redemption is to occur (the “Special Mandatory Redemption Notice”) shall be delivered to the Trustee and delivered to Holders of notes according to the procedures of DTC within ten Business Days after the Special Mandatory Redemption Event. At the Issuer’s written request, the Trustee shall give the Special Mandatory Redemption Notice in the Issuer’s name and at the Issuer’s expense. On the redemption date specified in the Special Mandatory Redemption Notice, which shall be no more than five Business Days (or such other minimum period as may be required by DTC) after delivering the Special Mandatory Redemption Notice, the special mandatory redemption shall occur (the date of such redemption, the “Special Mandatory Redemption Date”).