0000905718-18-000698.txt : 20180801
0000905718-18-000698.hdr.sgml : 20180801
20180801180511
ACCESSION NUMBER: 0000905718-18-000698
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180201
FILED AS OF DATE: 20180801
DATE AS OF CHANGE: 20180801
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Benefit Street Partners LLC
CENTRAL INDEX KEY: 0001543160
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38606
FILM NUMBER: 18986001
BUSINESS ADDRESS:
STREET 1: 9 WEST 57TH STREET, SUITE 4920
CITY: NEW YORK
STATE: NY
ZIP: 10019
BUSINESS PHONE: 401-751-1700
MAIL ADDRESS:
STREET 1: 9 WEST 57TH STREET, SUITE 4920
CITY: NEW YORK
STATE: NY
ZIP: 10019
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gahan Thomas
CENTRAL INDEX KEY: 0001610124
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38606
FILM NUMBER: 18986002
MAIL ADDRESS:
STREET 1: 9 WEST 57TH STREET, SUITE 4700
CITY: NEW YORK
STATE: NY
ZIP: 10019
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Berry Petroleum Corp
CENTRAL INDEX KEY: 0001705873
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 815410470
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 16000 N. DALLAS PKWY, STE 100
CITY: DALLAS
STATE: TX
ZIP: 75248
BUSINESS PHONE: 214-453-2920
MAIL ADDRESS:
STREET 1: 16000 N. DALLAS PKWY, STE 100
CITY: DALLAS
STATE: TX
ZIP: 75248
4
1
berrypetcorpfm4feb12018.xml
OWNERSHIP DOCUMENT
X0306
4
2018-02-01
0
0001705873
Berry Petroleum Corp
BRY
0001543160
Benefit Street Partners LLC
9 WEST 57TH STREET, SUITE 4920
NEW YORK
NY
10019
1
0
1
0
0001610124
Gahan Thomas
9 WEST 57TH STREET, SUITE 4920
NEW YORK
NY
10019
0
0
1
0
Common Stock
2018-07-25
4
C
0
1877878
A
2997976
I
By BSP Berry Credit Alpha 1 L.L.C.
Common Stock
2018-07-30
4
D
0
196704
13.1572
D
2801272
I
By BSP Berry Credit Alpha 1 L.L.C.
Common Stock
2018-07-25
4
C
0
1332171
A
2126771
I
By BSP Berry Credit Alpha 2 L.L.C.
Common Stock
2018-07-30
4
D
0
139543
13.1572
D
1987228
I
By BSP Berry Credit Alpha 2 L.L.C.
Common Stock
2018-07-25
4
C
0
2097140
A
3348022
I
By Providence Debt Fund III L.P.
Common Stock
2018-07-30
4
D
0
219672
13.1572
D
3128350
I
By Providence Debt Fund III L.P.
Common Stock
2018-07-25
4
C
0
1116805
A
1782946
I
By BSP Berry DF3 3 LLC
Common Stock
2018-07-30
4
D
0
116983
13.1572
D
1665963
I
By BSP Berry DF3 3 LLC
Common Stock
2018-07-25
4
C
0
291765
A
465795
I
By SEI Institutional Investments Trust - High Yield Bond Fund
Common Stock
2018-07-30
4
D
0
30562
13.1572
D
435233
I
By SEI Institutional Investments Trust - High Yield Bond Fund
Common Stock
2018-07-25
4
C
0
217040
A
346499
I
By SEI Institutional Managed Trust - High Yield Bond Fund
Common Stock
2018-07-30
4
D
0
22735
13.1572
D
323764
I
By SEI Institutional Managed Trust - High Yield Bond Fund
Common Stock
2018-07-25
4
C
0
110163
A
175873
I
By SEI Global Master Fund plc - The SEI High Yield Fixed Income Fund
Common Stock
2018-07-30
4
D
0
11539
13.1572
D
164334
I
By SEI Global Master Fund plc - The SEI High Yield Fixed Income Fund
Common Stock
2018-07-25
4
C
0
50711
A
80960
I
By U.S. High Yield Bond Fund
Common Stock
2018-07-30
4
D
0
5312
13.1572
D
75648
I
By U.S. High Yield Bond Fund
Common Stock
2018-07-25
4
C
0
1361965
A
1941774
I
By BSP Berry Special Situations 3 LLC
Common Stock
2018-07-30
4
D
0
124927
13.1572
D
1816847
I
By BSP Berry Special Situations 3 LLC
Common Stock
2018-07-25
4
C
0
1265882
A
2020944
I
By BSP Berry SEI 2 LLC
Common Stock
2018-07-30
4
D
0
85924
13.1572
D
1935020
I
By BSP Berry SEI 2 LLC
Common Stock
2018-07-25
4
C
0
53869
A
86001
I
By Blackrock Strategic Funds
Common Stock
2018-07-30
4
D
0
11163
13.1572
D
74838
I
By Blackrock Strategic Funds
Common Stock
2018-07-25
4
C
0
2060182
A
3289017
I
By BSP Berry PECM LLC
Common Stock
2018-07-30
4
D
0
426903
13.1572
D
2862114
I
By BSP Berry PECM LLC
Common Stock
2018-03-06
4
P
0
80639
9.25
A
593894
I
By BSP Special Situations Master A L.P.
Common Stock
2018-07-25
4
C
0
409186
A
1003080
I
By BSP Special Situations Master A L.P.
Common Stock
2018-07-25
4
C
0
315000
A
315000
I
By Hampshire Credit Alpha Master Fund LP
Common Stock
2018-02-01
4
S
0
30093
9.25
D
0
I
By Schroder GAIA fund
Series A Convertible Preferred Stock
2018-07-25
4
C
0
1788457
D
Common Stock
1877878
0
I
By BSP Berry Credit Alpha 1 L.L.C.
Series A Convertible Preferred Stock
2018-07-25
4
C
0
1268735
D
Common Stock
1332171
0
I
By BSP Berry Credit Alpha 2 L.L.C.
Series A Convertible Preferred Stock
2018-07-25
4
C
0
1997277
D
Common Stock
2097140
0
I
By Providence Debt Fund III L.P.
Series A Convertible Preferred Stock
2018-07-25
4
C
0
1063624
D
Common Stock
1116805
0
I
By BSP Berry DF3 3 LLC
Series A Convertible Preferred Stock
2018-07-25
4
C
0
277872
D
Common Stock
291765
0
I
By SEI Institutional Investments Trust - High Yield Bond Fund
Series A Convertible Preferred Stock
2018-07-25
4
C
0
206704
D
Common Stock
217040
0
I
By SEI Institutional Managed Trust - High Yield Bond Fund
Series A Convertible Preferred Stock
2018-07-25
4
C
0
104918
D
Common Stock
110163
0
I
By SEI Global Master Fund plc - The SEI High Yield Fixed Income Fund
Series A Convertible Preferred Stock
2018-07-25
4
C
0
48297
D
Common Stock
50711
0
I
By U.S. High Yield Bond Fund
Series A Convertible Preferred Stock
2018-07-25
4
C
0
1297111
D
Common Stock
1361965
0
I
By BSP Berry Special Situations 3 LLC
Series A Convertible Preferred Stock
2018-07-25
4
C
0
1205603
D
Common Stock
1265882
0
I
By BSP Berry SEI 2 LLC
Series A Convertible Preferred Stock
2018-07-25
4
C
0
51305
D
Common Stock
53869
0
I
By Blackrock Strategic Funds
Series A Convertible Preferred Stock
2018-07-25
4
C
0
1962079
D
Common Stock
2060182
0
I
By BSP Berry PECM LLC
Series A Convertible Preferred Stock
2018-03-06
4
P
0
73998
10.83
D
Common Stock
77697
389701
I
By BSP Special Situations Master A L.P.
Series A Convertible Preferred Stock
2018-07-25
4
C
0
389701
D
Common Stock
409186
0
I
By BSP Special Situations Master A L.P.
Series A Convertible Preferred Stock
2018-05-30
4
P
0
300000
14.25
D
Common Stock
315000
300000
I
By Hampshire Credit Alpha Master Fund LP
Series A Convertible Preferred Stock
2018-07-25
4
C
0
300000
D
Common Stock
315000
0
I
By Hampshire Credit Alpha Master Fund LP
Series A Convertible Preferred Stock
2018-02-01
4
S
0
45723
11.65
D
Common Stock
48009
0
I
By Schroder GAIA fund
In connection with the initial public offering of Berry Petroleum Corporation (the "Issuer"), on July 25, 2018, prior to the effectiveness of the Issuer's Section 12 registration, each outstanding share of the Issuer's Series A Convertible Preferred Stock (the "Preferred Stock") was automatically converted into (i) 1.05 shares of common stock and (ii) the right to receive $1.75, minus the amount of any cash dividend paid by the Issuer on such share of Preferred Stock in respect of any period commencing on or after April 1, 2018.
These shares of common stock of the Issuer were sold to the Issuer pursuant to a Stock Purchase Agreement with the Issuer, at a per share price equal to the price paid by the underwriters for a share of the Issuer's common stock in the Issuer's initial public offering.
The reported shares are held in the respective quantities indicated by BSP Berry Credit Alpha 1 L.L.C., BSP Berry Credit Alpha 2 L.L.C., Providence Debt Fund III L.P., BSP Berry DF3 3 LLC, SEI Institutional Investments Trust - High Yield Bond Fund, SEI Institutional Managed Trust - High Yield Bond Fund, SEI Global Master Fund plc - The High Yield Fixed Income Fund, U.S. High Yield Bond Fund, BSP Special Situations Master A L.P., BSP Berry Special Situations 3 LLC, BSP Berry SEI 2 LLC, Blackrock Strategic Funds, BSP Berry PECM LLC and Hampshire Credit Alpha Master Fund LP (collectively, the "BSP Funds"). Benefit Street Partners L.L.C. ("BSP") serves as the investment adviser to each of the BSP Funds. Mr. Gahan controls BSP through his indirect ownership of membership interests of BSP and as Chief Executive Officer of BSP's sole managing member (continued in footnote 4).
(continued from footnote 3) As a result, each of BSP and Mr. Gahan may be deemed to beneficially own the securities held by each of the BSP Funds. Each reporting person disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. Pursuant to a stockholders agreement between the Issuer and certain holders party thereto, BSP has the right to designate a director to the Issuer's board of directors. Brent S. Buckley currently serves as BSP's designee.
BSP served as the investment manager to Schroder GAIA BSP Credit, a sub-fund of the Schroder GAIA fund.
/s/ Nina Baryski, Authorized Signatory, Benefit Street Partners L.L.C.
2018-08-01
/s/ Thomas J. Gahan
2018-08-01