0000895345-17-000056.txt : 20170213 0000895345-17-000056.hdr.sgml : 20170213 20170213123013 ACCESSION NUMBER: 0000895345-17-000056 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20170213 DATE AS OF CHANGE: 20170213 GROUP MEMBERS: AMERICAN SECURITIES LLC GROUP MEMBERS: ASCRIBE III INVESTMENTS LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Nuverra Environmental Solutions, Inc. CENTRAL INDEX KEY: 0001403853 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-83364 FILM NUMBER: 17597383 BUSINESS ADDRESS: STREET 1: 14624 N. SCOTTSDALE RD. STREET 2: SUITE 300 CITY: SCOTTSDALE STATE: AZ ZIP: 85254 BUSINESS PHONE: 602-903-7802 MAIL ADDRESS: STREET 1: 14624 N. SCOTTSDALE RD. STREET 2: SUITE 300 CITY: SCOTTSDALE STATE: AZ ZIP: 85254 FORMER COMPANY: FORMER CONFORMED NAME: Heckmann Corp DATE OF NAME CHANGE: 20111205 FORMER COMPANY: FORMER CONFORMED NAME: Heckmann CORP DATE OF NAME CHANGE: 20070620 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Ascribe Capital LLC CENTRAL INDEX KEY: 0001673022 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 299 PARK AVENUE STREET 2: 34TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10171 BUSINESS PHONE: 212-476-8000 MAIL ADDRESS: STREET 1: 299 PARK AVENUE STREET 2: 34TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10171 SC 13G/A 1 jw13ga1-nuverra_ascribe.htm
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
 
(Amendment No. 1)


Nuverra Environmental Solutions, Inc.
(Name of Issuer)
 
Common Stock, par value $0.001 per share
(Title of Class of Securities)
 
67091K203
(CUSIP Number)
 
December 31, 2016
(Date of Event Which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
 

 
CUSIP No. 67091K203
   
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
Ascribe Capital LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)
   
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
12,312,281 (1)
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
12,312,281 (1)
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
12,312,281 (1)
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
7.5%* (1)(2)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
IA
 
 
 
 
 
(1)
Reflects 1,000,750 shares of Common Stock, par value $0.001 per share (“Common Stock”) that Ascribe II Investments LLC has the right to obtain and 11,311,531 shares of Common Stock that Ascribe III Investments LLC has the right to obtain, within 60 days, upon exercise of warrants of which they are the record owners.
(2)
Based on 150,918,466 shares of Common Stock outstanding as of February 8, 2017 as confirmed by the Issuer, together with 1,000,750 shares of Common Stock that Ascribe II Investments LLC has the right to obtain and 11,311,531 shares of Common Stock that Ascribe III Investments LLC has the right to obtain, within 60 days, upon exercise of warrants of which they are the record owners.
 
 

 
CUSIP No. 67091K203
   
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
Ascribe III Investments LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)
   
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
11,311,531 (1)
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
11,311,531 (1)
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
11,311,531 (1)
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
7.0%* (1)(2)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
CO
 
 
 
 
 
(1)
Reflects 11,311,531 shares of Common Stock that Ascribe III Investments LLC has the right to obtain, within 60 days, upon exercise of warrants of which it is the record owner.
(2)
Based on 150,918,466 shares of Common Stock outstanding as of February 8, 2017 as confirmed by the Issuer, together with 1,000,750 shares of Common Stock that Ascribe II Investments LLC has the right to obtain and 11,311,531 shares of Common Stock that Ascribe III Investments LLC has the right to obtain, within 60 days, upon exercise of warrants of which they are the record owners.
 
 

 
CUSIP No. 67091K203
   
1
NAMES OF REPORTING PERSONS
 
 
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
 
 
American Securities LLC
 
 
 
 
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
   
(a)
   
(b)
 
 
3
SEC USE ONLY
 
 
 
 
 
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
New York
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
12,312,281 (1)
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
12,312,281 (1)
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
12,312,281 (1)
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
7.5%* (1)(2)
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
OO
 
 
 
 
 
(1)
Reflects 1,000,750 shares of Common Stock that Ascribe II Investments LLC has the right to obtain and 11,311,531 shares of Common Stock that Ascribe III Investments LLC has the right to obtain, within 60 days, upon exercise of warrants of which they are the record owners.
(2)
Based on 150,918,466 shares of Common Stock outstanding as of February 8, 2017 as confirmed by the Issuer, together with 1,000,750 shares of Common Stock that Ascribe II Investments LLC has the right to obtain and 11,311,531 shares of Common Stock that Ascribe III Investments LLC has the right to obtain, within 60 days, upon exercise of warrants of which they are the record owners.
 
 

Item 1(a).
Name of Issuer:  Nuverra Environmental Solutions, Inc.
   
Item 1(b).
Address of Issuer’s Principal Executive Offices:
 
 
14624 N. Scottsdale Rd., Suite 300, Scottsdale, Arizona 85254
   
Item 2(a, b, c).
Name of Persons Filing, Address of Principal Business Office, Citizenship:

Ascribe Capital LLC (“Ascribe Capital”), 299 Park Avenue, 34th Floor, New York, NY 10171. Ascribe Capital is a Delaware limited liability company.
Ascribe III Investments LLC (“Fund III”), 299 Park Avenue, 34th Floor, New York, NY 10171. Fund III is a Delaware limited liability company.
American Securities LLC (“American Securities”), 299 Park Avenue, 34th Floor, New York, NY 10171.  American Securities is a New York limited liability company.
   
Item 2(d).
Title of Class of Securities: Common Stock, par value $0.001 per share
   
Item 2(e).
CUSIP Number:  67091K203
   
Item 3.
Not Applicable.
   
Item 4.
Ownership.
 
 
Information with respect to the Reporting Persons’ ownership of the Common Stock as of February 13, 2017, is incorporated by reference to items (5) - (9) and (11) of the cover page of the respective Reporting Person.
 
Fund III and Ascribe II Investments LLC (“Fund II”) are the record owners of warrants that are exercisable, within 60 days, pursuant to which Fund III and Fund II have the right to acquire the Common Stock reported herein. Ascribe Capital is the investment manager to Fund III and Fund II. American Securities is the 100% owner of Ascribe Capital. Each of Ascribe Capital and American Securities may be deemed to share beneficial ownership of the Common Stock reported herein.
   
Item 5.
Ownership of Five Percent or less of a Class:
   
 
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [    ].
   
Item 6.
Ownership of More than Five Percent on Behalf of Another Person.
   
 
See Item 4.
   
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.
   
 
Not Applicable.
   
Item 8.
Identification and Classification of Members of the Group.
   
 
Not Applicable.
   
Item 9.
Notice of Dissolution of Group.
   
 
Not Applicable.
   
Item 10.
Certification.
   
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

DATED:  February 13, 2017
 
  Ascribe Capital LLC
   
 
By:
 /s/ Lawrence First 
   
Name:  Lawrence First  
   
Title:   Managing Director
 
 
  Ascribe III Investments LLC
   
 
By:  Ascribe Capital LLC, its investment manager
 
 
By:
 /s/ Lawrence First   
   
Name:  Lawrence First    
   
Title: Managing Director  
 
 
 
American Securities LLC
 
 
By:
 /s/ Michael G. Fisch
   
Name:  Michael G. Fisch
   
Title:   Chief Executive Officer