Penthouse bought AFF from the founding company for ~400mm -- if you glance at the S1:
Long-term debt classified as current due to events of default, net of unamortized discount(3)
411,019 (in thousands)
"In their report dated December 22, 2008, which is also included in this prospectus, our independent registered public accounting firm stated that events of default have occurred under certain of our debt agreements allowing noteholders to demand payment of our 2005 Notes and 2006 Notes and our subsidiary’s First Lien Senior Secured Notes, Second Lien Subordinated Secured Notes and Subordinated Convertible Notes (each as defined herein) and that these conditions raise substantial doubt about our ability to continue as a going concern."
