Page 4 of 6 – SEC Filing
CUSIP No.
ITEM 1.
| (a) | Name of Issuer: Key Energy Services, Inc. |
| (b) | Address of Issuer’s Principal Executive Offices: 1301 McKinney Street, Suite 1800, Houston, Texas 77010. |
ITEM 2.
| (a) | Name of Person Filing: Contrarian Capital Management, L.L.C., Contrarian Capital Fund I, L.P. |
| (b) | Address of Principal Business Office, or if None, Residence: |
| Contrarian Capital Management, L.L.C., 411 West Putnam Avenue, Suite 425, Greenwich, CT 06830 |
| Contrarian Capital Fund I, L.P. c/o Contrarian Capital Advisors, L.L.C., 411 West Putnam Avenue, Suite 425, Greenwich, CT 06830 |
| (c) | Citizenship: Contrarian Capital Management, L.L.C. and Contrarian Capital Fund I, L.P. were formed in Delaware |
| (d) | Title of Class of Securities: Common Stock, par value $0.01 |
| (e) | CUSIP Number: 49309J103 |
| ITEM 3. | IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13d-1(b) OR 240.13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: |
| (a) ☐ | Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). |
| (b) ☐ | Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). |
| (c) ☐ | Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). |
| (d) ☐ | Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a- 8). |
| (e) ☒ | An investment adviser in accordance with ss.240.13d-1(b)(1)(ii)(E); |
| (f) ☐ | An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F); |
| (g) ☐ | A parent holding company or control person in accordance with ss.240.13d-1(b)(1)(ii)(G); |
| (h) ☐ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
| (i) ☐ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
| (j) ☐ | Group, in accordance with ss.240.13d-1(b)(1)(ii)(J). |
| ITEM 4. | OWNERSHIP. |
Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.
| (a) | Amount beneficially owned: |
| Contrarian Capital Management, L.L.C.: 2,287,185 |
| Contrarian Capital Fund I, L.P.: 996,162 |
| (b) | Percent of class: |
| Contrarian Capital Management, L.L.C.: 11.38% |
| Contrarian Capital Fund I, L.P.: 4.95% |
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote of |
| (ii) | Shared power to vote or to direct the vote: |
| Contrarian Capital Management, L.L.C.: 2,287,185 |
| Contrarian Capital Fund I, L.P.: 996,162 |
| (iii) | Sole power to dispose or to direct the disposition of |
| (iv) | Shared power to dispose or to direct the disposition of: |
| Contrarian Capital Management, L.L.C.: 2,287,185 |
| Contrarian Capital Fund I, L.P.: 996,162 |
INSTRUCTION. For computations regarding securities which represent a right to acquire an underlying security SEE ss.240.13d3(d)(1).
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