Filing Details

	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

1	Names of Reporting Persons. Abrams Capital Partners II, L.P. Abrams Capital, LLC Abrams Capital Management, LLC Abrams Capital Management, L.P. David Abrams
2	Check the Appropriate Box if a Member of a Group (See Instructions)
	(a) [ ]
	(b) [ ]
3	SEC Use Only
4	Source of Funds (See Instructions): WC
5	Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e): [ ]
6	Citizenship or Place of Organization.   Abrams Capital Partners II, L.P. – Delaware Abrams Capital, LLC – Delaware Abrams Capital Management, LLC – Delaware Abrams Capital Management, L.P. – Delaware David Abrams – United States
Number of Shares Beneficially Owned by Each Reporting Person With		7	Sole Voting Power
			Abrams Capital Partners II, L.P. – 0 shares Abrams Capital, LLC – 0 shares Abrams Capital Management, LLC – 0 shares Abrams Capital Management, L.P. – 0 shares David Abrams – 0 shares
		8	Shared Voting Power
			Abrams Capital Partners II, L.P. – 193,127 shares Abrams Capital, LLC – 206,717 shares Abrams Capital Management, LLC – 252,333 shares Abrams Capital Management, L.P. – 252,333 shares David Abrams – 252,333 shares
		9	Sole Dispositive Power
			Abrams Capital Partners II, L.P. – 0 shares Abrams Capital, LLC – 0 shares Abrams Capital Management, LLC – 0 shares Abrams Capital Management, L.P. – 0 shares David Abrams – 0 shares
		10	Shared Dispositive Power
			Abrams Capital Partners II, L.P. – 193,127 shares Abrams Capital, LLC – 206,717 shares Abrams Capital Management, LLC – 252,333 shares Abrams Capital Management, L.P. – 252,333 shares David Abrams – 252,333 shares
11	Aggregate Amount Beneficially Owned by Each Reporting Person   Abrams Capital Partners II, L.P. – 193,127 shares Abrams Capital, LLC – 206,717 shares Abrams Capital Management, LLC – 252,333 shares Abrams Capital Management, L.P. – 252,333 shares David Abrams – 252,333 shares
12	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)     [ ]
13	Percent of Class Represented by Amount in Row (11)   Abrams Capital Partners II, L.P. – Less than 1% Abrams Capital, LLC – Less than 1% Abrams Capital Management, LLC – Less than 1% Abrams Capital Management, L.P. – Less than 1% David Abrams – Less than 1%
14	Type of Reporting Person (See Instructions)   Abrams Capital Partners II, L.P. – OO (Limited Partnership) Abrams Capital, LLC – OO (Limited Liability Company) Abrams Capital Management, LLC – OO (Limited Liability Company) Abrams Capital Management, L.P. – OO (Limited Partnership) David Abrams – IN

 

On March 14, 2018, the Issuer and certain of its direct and indirect domestic subsidiaries (collectively, the “Debtors”) filed voluntary petitions in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (the “Bankruptcy Court”), seeking relief under the provisions of Chapter 11 of Title 11 of the United States Bankruptcy Code. On January 22, 2019, the Bankruptcy Court entered an order confirming the Debtors’ Modified Fifth Amended Joint Chapter 11 Plan of Reorganization (as amended, modified or supplemented from time to time, the “Plan”), and on May 1, 2019 (the “Effective Date”), the Plan became effective pursuant to its terms and the Debtors emerged from bankruptcy.  In connection with the Plan, (i) all outstanding shares of the Issuer’s capital stock, including the shares of Class A common stock previously beneficially owned by the Reporting Persons (“Old Class A Common Stock”), were cancelled and extinguished pursuant to the Plan and (ii) the Reporting Persons received the shares of New Class A Common Stock and Special Warrants reported herein in exchange for debt securities of the Issuer previously held by the Reporting Person for no additional consideration.

In connection with the Plan, a private investment fund for which Abrams CM LP serves as investment manager received secured notes having an aggregate face value of $107,861 and unsecured notes having an aggregate face value of $202,180 in exchange for debt securities of the Issuer, previously held by such fund for no additional consideration.

 

 

Date:         May 6, 2019