Filing Details

Accession Number:
0000895345-22-000200
Form Type:
13G Filing
Publication Date:
2022-02-16 19:00:00
Filed By:
Ascribe Capital Llc
Company:
Pioneer Energy Services Llc (NYSE:*)
Filing Date:
2022-02-17
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Ascribe Capital 0 0 0 0 0 0%
American Securities 0 0 0 0 0 0%
Ascribe III Investments 0 0 0 0 0 0%
Ascribe Opportunities Fund III 0 0 0 0 0 0%
Ascribe Opportunities Fund III(B) 0 0 0 0 0 0%
Ascribe Associates III 0 0 0 0 0 0%
Filing





UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
SCHEDULE 13G
 
Under the Securities Exchange Act of 1934
(Amendment No. 1)*


Pioneer Energy Services LLC
(f/k/a Pioneer Energy Services Corp.)
(Name of Issuer)
 
Common Stock, par value $0.001 per share
(Title of Class of Securities)
 
723664207
(CUSIP Number)
 
December 31, 2021
(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. 723664207
SCHEDULE 13G
Page 2 of 10 Pages

1
NAMES OF REPORTING PERSONS
 
 
 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
 
 
0
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
0
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 0%
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 IA, OO
 
 
 
 


 CUSIP No. 723664207
SCHEDULE 13G
Page 3 of 10 Pages

1
NAMES OF REPORTING PERSONS
 
 
 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
 
 
 Delaware
 
 
 
 
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5
SOLE VOTING POWER
 
 
0
 
 
 
 
6
SHARED VOTING POWER
 
 
0
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
0
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 0%
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 OO
 
 
 
 

 
 CUSIP No. 723664207
SCHEDULE 13G
Page 4 of 10 Pages

1
NAMES OF REPORTING PERSONS
 
 
 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
 
 
0
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
0
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 0%
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 OO
 
 
 
 

 
 CUSIP No. 723664207
SCHEDULE 13G
Page 5 of 10 Pages

1
NAMES OF REPORTING PERSONS
 
 
 Ascribe Opportunities Fund III, L.P.
 
 
 
 
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
 
 
0
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
0
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 0%
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 PN
 
 
 
 


 CUSIP No. 723664207
SCHEDULE 13G
Page 6 of 10 Pages

1
NAMES OF REPORTING PERSONS
 
 
 Ascribe Opportunities Fund III(B), L.P.
 
 
 
 
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
 
 
0
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
0
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 0%
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 PN
 
 
 
 


 CUSIP No. 723664207
SCHEDULE 13G
Page 7 of 10 Pages

1
NAMES OF REPORTING PERSONS
 
 
 Ascribe Associates III, 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
 
 
0
 
 
 
 
7
SOLE DISPOSITIVE POWER
 
 
0
 
 
 
 
8
SHARED DISPOSITIVE POWER
 
 
0
 
 
 
 
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
0
 
 
 
 
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
 
 
 
 
 
 
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
 
 0%
 
 
 
 
12
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
 
 
 OO
 
 
 
 

 
Item 1(a).
Name of Issuer

Pioneer Energy Services LLC (f/k/a Pioneer Energy Services Corp.)

Item 1(b).
Address of Issuer’s Principal Executive Offices

14624 N. Scottsdale Road, Suite #300
Scottsdale, Arizona 85254

Item 2(a).
Name of Person Filing

This Statement is filed by each of the entities and persons listed below, all of whom together are referred to herein as the “Reporting Persons”:
 
(i)
Ascribe Capital LLC, a Delaware limited liability company;
(ii)
American Securities LLC, a Delaware limited liability company;
(iii)
Ascribe III Investments LLC, a Delaware limited liability company;
(iv)
Ascribe Opportunities Fund III, L.P., a Delaware limited partnership;
(v)
Ascribe Opportunities Fund III(B), L.P., a Delaware limited partnership; and
(vi)
Ascribe Associates III LLC, a Delaware limited liability company.

Item 2(b).
Address of Principal Business Office or, if none, Residence

The address of the principal business office of each of the Reporting Persons is:

c/o American Securities LLC
299 Park Avenue, 34th Floor
New York NY 10171.
 
Item 2(c).
Citizenship

See Item 4 of the attached cover pages.
  
Item 2(d).
Title of Class of Securities

Common Stock, par value $0.001 per share
Item 2(e).
CUSIP Number:

723664207

Item 3.
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

Not Applicable.




Item 4.
Ownership

The information in Items 5 through 9 and Item 11 on the cover pages to this Schedule 13G is hereby incorporated by reference.

The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for purposes of Section 13 of the Act, the beneficial owner 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 following ☑

Item 6.
Ownership of More Than Five Percent on Behalf of Another Person

Not applicable.

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

Not applicable.
 
 
 
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 16, 2022
 
 
Ascribe Capital LLC
 
     
     
 
By:
/s/ Eric L. Schondorf
 
   
Name:
Eric L. Schondorf
 
   
Title:
General Counsel
 


 
American Securities LLC
 
     
     
 
By:
/s/ Michael G. Fisch
 
   
Name:
Michael G. Fisch
 
   
Title:
Chief Executive Officer
 


 
Ascribe III Investments LLC
 
     
 
By Ascribe Capital LLC, its investment manager
 
     
 
By:
/s/ Eric L. Schondorf
 
   
Name:
Eric L. Schondorf
 
   
Title:
General Counsel
 


 
Ascribe Opportunities Fund III, L.P.
 
     
 
By Ascribe Capital LLC, its investment manager
 
     
 
By:
/s/ Eric L. Schondorf
 
   
Name:
Eric L. Schondorf
 
   
Title:
General Counsel
 


 
Ascribe Opportunities Fund III(B), L.P.
 
     
 
By Ascribe Capital LLC, its investment manager
 
     
 
By:
/s/ Eric L. Schondorf
 
   
Name:
Eric L. Schondorf
 
   
Title:
General Counsel
 


 
Ascribe Associates III, LLC
 
     
 
By American Securities LLC, its managing member
 
     
 
By:
/s/ Michael G. Fisch
 
   
Name:
Michael G. Fisch
 
   
Title:
Chief Executive Officer
 

 
EXHIBIT 1
 
JOINT FILING AGREEMENT
PURSUANT TO RULE 13d-1(k)
 
The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained herein and therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
 
DATE: February 16, 2022
 
 
Ascribe Capital LLC
 
     
     
 
By:
/s/ Eric L. Schondorf
 
   
Name:
Eric L. Schondorf
 
   
Title:
General Counsel
 


 
American Securities LLC
 
     
     
 
By:
/s/ Michael G. Fisch
 
   
Name:
Michael G. Fisch
 
   
Title:
Chief Executive Officer
 


 
Ascribe III Investments LLC
 
     
 
By Ascribe Capital LLC, its investment manager
 
     
 
By:
/s/ Eric L. Schondorf
 
   
Name:
Eric L. Schondorf
 
   
Title:
General Counsel
 


 
Ascribe Opportunities Fund III, L.P.
 
     
 
By Ascribe Capital LLC, its investment manager
 
     
 
By:
/s/ Eric L. Schondorf
 
   
Name:
Eric L. Schondorf
 
   
Title:
General Counsel
 


 
Ascribe Opportunities Fund III(B), L.P.
 
     
 
By Ascribe Capital LLC, its investment manager
 
     
 
By:
/s/ Eric L. Schondorf
 
   
Name:
Eric L. Schondorf
 
   
Title:
General Counsel
 


 
Ascribe Associates III, LLC
 
     
 
By American Securities LLC, its managing member
 
     
 
By:
/s/ Michael G. Fisch
 
   
Name:
Michael G. Fisch
 
   
Title:
Chief Executive Officer