<SEC-DOCUMENT>0001172661-23-002301.txt : 20230515
<SEC-HEADER>0001172661-23-002301.hdr.sgml : 20230515
<ACCEPTANCE-DATETIME>20230515161329
ACCESSION NUMBER:		0001172661-23-002301
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20230331
FILED AS OF DATE:		20230515
DATE AS OF CHANGE:		20230515
EFFECTIVENESS DATE:		20230515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Keyframe Capital Partners, L.P.
		CENTRAL INDEX KEY:			0001830175
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-22700
		FILM NUMBER:		23922421

	BUSINESS ADDRESS:	
		STREET 1:		65 EAST 55TH STREET
		STREET 2:		35TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212.380.5800

	MAIL ADDRESS:	
		STREET 1:		65 EAST 55TH STREET
		STREET 2:		35TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
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<SEQUENCE>1
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          <cik>0001830175</cik>
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      <periodOfReport>03-31-2023</periodOfReport>
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      <reportCalendarOrQuarter>03-31-2023</reportCalendarOrQuarter>
      <isAmendment>false</isAmendment>
      <filingManager>
        <name>Keyframe Capital Partners, L.P.</name>
        <address>
          <ns1:street1>65 East 55th Street</ns1:street1>
          <ns1:street2>35th Floor</ns1:street2>
          <ns1:city>New York</ns1:city>
          <ns1:stateOrCountry>NY</ns1:stateOrCountry>
          <ns1:zipCode>10022</ns1:zipCode>
        </address>
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      <reportType>13F HOLDINGS REPORT</reportType>
      <form13FFileNumber>028-22700</form13FFileNumber>
      <provideInfoForInstruction5>N</provideInfoForInstruction5>
    </coverPage>
    <signatureBlock>
      <name>John R. Rapaport</name>
      <title>Managing Partner</title>
      <phone>212-380-5800</phone>
      <signature>/s/ John R. Rapaport</signature>
      <city>New York</city>
      <stateOrCountry>NY</stateOrCountry>
      <signatureDate>05-15-2023</signatureDate>
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    <nameOfIssuer>CHART INDS INC</nameOfIssuer>
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  <infoTable>
    <nameOfIssuer>CORENERGY INFRASTRUCTURE TR</nameOfIssuer>
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    <cusip>21870UAC0</cusip>
    <value>21741993</value>
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    <nameOfIssuer>DENBURY INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>24790A101</cusip>
    <value>37790350</value>
    <shrsOrPrnAmt>
      <sshPrnamt>431249</sshPrnamt>
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    <cusip>34984VAC4</cusip>
    <value>6750197</value>
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    <nameOfIssuer>FORUM ENERGY TECHNOLOGIES IN</nameOfIssuer>
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    <cusip>34984V209</cusip>
    <value>18971975</value>
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  <infoTable>
    <nameOfIssuer>GARRETT MOTION INC</nameOfIssuer>
    <titleOfClass>PFD CONV SER A</titleOfClass>
    <cusip>366505204</cusip>
    <value>30964154</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3483032</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3483032</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>GARRETT MOTION INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>366505105</cusip>
    <value>11536343</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1506050</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>1506050</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>OIL STS INTL INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>678026105</cusip>
    <value>2460882</value>
    <shrsOrPrnAmt>
      <sshPrnamt>295424</sshPrnamt>
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      <None>0</None>
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    <nameOfIssuer>OIL STS INTL INC</nameOfIssuer>
    <titleOfClass>NOTE 4.750% 4/0</titleOfClass>
    <cusip>678026AK1</cusip>
    <value>10646538</value>
    <shrsOrPrnAmt>
      <sshPrnamt>9575000</sshPrnamt>
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      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>PORCH GROUP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>733245104</cusip>
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      <sshPrnamt>220325</sshPrnamt>
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