Examples of Preferred Distribution Rate in a sentence
The Preferred Distribution Rate Reset Option is accounted for as an embedded derivative.
See Note 12 for additional information regarding our Series A preferred units and the Preferred Distribution Rate Reset Option.
The Preferred Distribution Rate Reset Option of our Series A preferred units is an embedded derivative that must be bifurcated from the related host contract, our partnership agreement, and recorded at fair value on our Consolidated Balance Sheets.
The fair value of the Preferred Distribution Rate Reset Option, which was included in “Other long-term liabilities and deferred credits” on our Consolidated Balance Sheets, totaled $14 million and $34 million at December 31, 2020 and 2019, respectively.
The Preferred Distribution Rate Reset Option of our Series A preferred units is an embedded derivative that must be bifurcated from the related host contract, our partnership agreement, and recorded at fair value on our Consolidated Balance Sheet.