0000950142-21-003694.txt : 20211112 0000950142-21-003694.hdr.sgml : 20211112 20211112210009 ACCESSION NUMBER: 0000950142-21-003694 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20211109 FILED AS OF DATE: 20211112 DATE AS OF CHANGE: 20211112 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: GASC APF, L.P. CENTRAL INDEX KEY: 0001844506 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08604 FILM NUMBER: 211405805 BUSINESS ADDRESS: STREET 1: 55 EAST 52ND STREET, FLOOR 33 CITY: NEW YORK STATE: NY ZIP: 10055 BUSINESS PHONE: 212-715-4000 MAIL ADDRESS: STREET 1: 55 EAST 52ND STREET, FLOOR 33 CITY: NEW YORK STATE: NY ZIP: 10055 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: APSC Holdco II, L.P. CENTRAL INDEX KEY: 0001845296 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08604 FILM NUMBER: 211405807 BUSINESS ADDRESS: STREET 1: C/O IRON PARK CAPITAL PARTNERS STREET 2: 527 MADISON AVENUE, 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 646-989-2500 MAIL ADDRESS: STREET 1: C/O IRON PARK CAPITAL PARTNERS STREET 2: 527 MADISON AVENUE, 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Atlantic Park Strategic Capital Parallel Master Fund, L.P. CENTRAL INDEX KEY: 0001845294 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08604 FILM NUMBER: 211405806 BUSINESS ADDRESS: STREET 1: C/O IRON PARK CAPITAL PARTNERS STREET 2: 527 MADISON AVENUE, 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 646-989-2500 MAIL ADDRESS: STREET 1: C/O IRON PARK CAPITAL PARTNERS STREET 2: 527 MADISON AVENUE, 25TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TEAM INC CENTRAL INDEX KEY: 0000318833 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS REPAIR SERVICES [7600] IRS NUMBER: 741765729 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 13131 DAIRY ASHFORD STREET 2: SUITE 600 CITY: SUGAR LAND STATE: TX ZIP: 77478 BUSINESS PHONE: 2813316154 MAIL ADDRESS: STREET 1: 13131 DAIRY ASHFORD STREET 2: SUITE 600 CITY: SUGAR LAND STATE: TX ZIP: 77478 4 1 es210202264_4-team.xml OWNERSHIP DOCUMENT X0306 4 2021-11-09 0 0000318833 TEAM INC TISI 0001845296 APSC Holdco II, L.P. C/O IRON PARK CAPITAL PARTNERS, L.P. 527 MADISON AVENUE, 25TH FLOOR NEW YORK NY 10022 0 0 1 0 0001845294 Atlantic Park Strategic Capital Parallel Master Fund, L.P. C/O IRON PARK CAPITAL PARTNERS, L.P. 527 MADISON AVENUE, 25TH FLOOR NEW YORK NY 10022 0 0 1 0 0001844506 GASC APF, L.P. PARK AVENUE PLAZA, 55 E52ND STREET, 32ND FLOOR NEW YORK NY 10055 0 0 1 0 Warrants 7.75 2021-11-09 4 J 0 3267746 D 2028-06-14 Common Stock 3267746 0 D Warrants 1.50 2021-11-09 4 J 0 3267746 A 2028-06-14 Common Stock 3267746 3267746 D Warrants 1.50 2021-11-09 4 P 0 500000 A 2028-06-14 Common Stock 500000 4082949 D Represents warrants to purchase 3,582,949 shares of common stock ("Shares") of Team, Inc. (the "Issuer") that have been re-struck at $1.50 per share and an additional 500,000 warrants that were acquired, in each case, based on the same deemed valuation or price. Exercisable at any time at the sole discretion of the holder. APSC Holdco II, L.P. ("APSC Holdco II") directly holds warrants to purchase Shares of the Issuer. Atlantic Park Strategic Capital Parallel Master Fund, L.P. ("Atlantic Park") is the sole beneficial owner of APSC Holdco II. Pursuant to an Investment Management Agreement, dated July 6, 2020, Atlantic Park and certain of its affiliates have delegated their voting and dispositive power over their direct and indirect investments (including the Shares) to Iron Park Capital Partners, LP and GASC APF, L.P. and appointed each of them to jointly act as investment advisers. APSC Holdco II, L.P., By: /s/ George Fan, as attorney-in-fact 2021-11-12 Atlantic Park Strategic Capital Parallel Master Fund, L.P., By: /s/ George Fan, as as attorney-in-fact 2021-11-12 GASC APF, L.P., By: /s/ Kelly Pettit, as Chief Compliance Officer 2021-11-12