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