On May 29, 2012, the Issuer and the Investor closed the transactions contemplated by that certain Securities Purchase Agreement, dated as of May 22, 2012, by and between the Issuer and the Investor (the “Securities Purchase Agreement”). Pursuant to the Securities Purchase Agreement, the Issuer sold and the Investor acquired $150.0 million aggregate principal amount of its 12% Senior Notes due 2020 (the “Senior Note”), $75.0 million aggregate principal amount of its 12% Redeemable Senior Notes due 2020 (the “Redeemable Note” and together with the Senior Note, the “Notes”) and warrants (the “Warrants”) to purchase up to 4,420,859 shares of the Issuer’s common stock, par value $0.001 per share at an exercise price of $10.00 per share. The Investor acquired the Notes and the Warrants for an aggregate purchase price of $218.25 million. The Warrants became exercisable on March 1, 2013 and the Warrants will expire on May 29, 2019.
OCM appears to be Oaktree Capital Management. This looks like the 4.x million warrants they got for the financing deal. There are also some form 3 reports just submitted that list Oaktree and the 4.3 million shares at $10. Not sure what all this means in relation to the next earnings report.