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SEC Filings

BASIC ENERGY SERVICES INC filed this Form S-3 on 04/13/2017
Entire Document

Table of Contents

Name of Selling


   Shares Beneficially Owned
Prior to the Offering(1)
           Shares Beneficially Owned
After the Offering(2)
     Number      Percentage     Shares
     Number      Percentage  

Ascribe III Investments LLC (3)

     3,703,746        14.2     3,703,746        0        *  

Goldman, Sachs & Co. (4)

     1,594,897        6.1     133,302        1,461,595        5.6

Silver Point Capital Fund, L.P. (5)

     1,880,824        7.2     1,880,824        0        *  

Silver Point Capital Offshore Master Fund, L.P. (5)

     3,002,825        11.5     3,002,825        0        *  

Whitebox Relative Value Partners, LP (6)

     52,921        *       22,118        30,803        *  

Whitebox Credit Partners, LP (6)

     16,006        *       6,725        9,281        *  

Whitebox GT Fund, LP (6)

     5,013        *       2,093        2,920        *  

Whitebox Multi-Strategy Partners, LP (6)

     154,965        *       56,938        98,027        *  

CVI Opportunities Fund I, LLLP (7)

     1,796,036        6.9     126,876        1,669,160        6.4

Covalent Capital Partners Master Fund, L.P. (8)

     44,534        *       44,534        0        *  

Atlas Master Fund, Ltd. (9)

     48,404        *       10,910        37,494        *  

Atlas Enhanced Master Fund, Ltd. (9)

     260,414        1.0     41,545        218,869        *  

JLP Credit Opportunity Master Fund Ltd (10)

     72,928        *       72,928        0        *  

MERCER QIF FUND PLC—Mercer Investment Fund 1 (10)

     6,426        *       6,426        0        *  

BlackGold Opportunity Fund LP (11)

     92,206        *       92,206        0        *  

Brigade Credit Fund II Ltd.(12)

     111,780        *       111,780        0        *  

Brigade Leveraged Capital Structures Fund Ltd. (12)

     181,275        *       181,275        0        *  


* Less than 1%
(1) Shares shown in the table above include shares held in the beneficial owner’s name or jointly with others, or in the name of a bank, nominee or trustee for the beneficial owner’s account.
(2) Represents the amount of common stock that will be held by the selling stockholders after completion of all offerings pursuant to this prospectus based on the assumptions that (a) all shares registered for sale by the registration statement of which this prospectus forms a part will be sold and (b) no other shares of common stock are acquired or sold by the selling stockholders prior to completion of such offerings. However, the selling stockholders may sell all, some or none of the shares offered pursuant to this prospectus and may sell some or all of their shares pursuant to an exemption from the registration provisions of the Securities Act. Percentages based on number of shares of common stock outstanding as of April 10, 2017.
(3) Lawrence First is the Chief Investment Officer and Managing Director of Ascribe III Investments LLC (“Ascribe”) and may be deemed to have voting and dispositive power over the shares of common stock held by Ascribe. In accordance with the Prepackaged Plan, Ascribe designated James D. Kern to serve as a Class III director on the Company’s board of directors. The mailing address for Ascribe is 299 Park Avenue, New York, NY 10171.
(4) Goldman, Sachs & Co. (“Goldman Sachs”), a New York limited partnership, is a member of the New York Stock Exchange (the “NYSE”) and other national exchanges. Goldman Sachs is a direct and indirect wholly-owned subsidiary of The Goldman Sachs Group, Inc. (“GS Group”). GS Group is a public entity and its common stock is publicly traded on the NYSE. The shares of common stock held by Goldman Sachs were acquired in the ordinary course of its investment business and not for the purpose of resale or distribution. Goldman Sachs has not participated in the distribution of the shares on behalf of the Company. GS Group may be deemed to beneficially own the securities held by Goldman Sachs. GS Group disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein. The mailing address for Goldman Sachs is 200 West Street, 26th Floor, New York, NY 10282.

Silver Point Capital, L.P. (“Silver Point”) is the investment manager of each of Silver Point Capital Offshore Master Fund, L.P. and Silver Point Capital Fund, L.P. (collectively, the “Silver Point Funds”) and, by reason of such status, may be deemed to be the beneficial owner of all of the common stock held by the Silver Point Funds. Silver Point Capital Management, LLC (“Silver Point Management”) is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of all common stock held by the Silver Point Funds. Edward A. Mulé and Robert J. O’Shea are each members of Silver Point Management, and as a result, may be deemed to be the beneficial owner