SC 13D/A 1 tm2425326d1_sc13da.htm SC 13D/A

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

SCHEDULE 13D/A

 

Under the Securities Exchange Act of 1934

(Amendment No. 4)*

 

CBL & Associates Properties, Inc.

(Name of Issuer)

 

Common Stock, par value $0.001 per share

(Title of Class of Securities)

 

124830 878

(CUSIP Number)

 

Gabe Brecher

Strategic Value Partners, LLC

100 West Putnam Avenue

Greenwich, CT 06830

(203) 618-3500

(Name, Address and Telephone Number of Person

Authorized to Receive Notices and Communications)

 

September 27, 2024

(Date of Event Which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  x.

 

* 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 disclosures provided in a prior cover page.

 

The information required on 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. 124830 878

 

1

NAME OF REPORTING PERSON

 

Strategic Value Partners, LLC 

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) x

3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

AF

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware 

 

 

NUMBER OF

 7

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

 8

SHARED VOTING POWER

 

1,541,562

EACH

REPORTING

PERSON

 9

SOLE DISPOSITIVE POWER

 

0

WITH: 10

SHARED DISPOSITIVE POWER

 

1,541,562

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,541,562

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

4.9%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO, IA

 

 

 

 

CUSIP No. 124830 878

 

1

NAME OF REPORTING PERSON

 

Victor Khosla

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) x

3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

AF

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

 

 

NUMBER OF

 7

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

 8

SHARED VOTING POWER

 

1,541,562

EACH

REPORTING

PERSON

 9

SOLE DISPOSITIVE POWER

 

0

WITH: 10

SHARED DISPOSITIVE POWER

 

1,541,562

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

1,541,562

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

4.9%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

IN

 

 

 

 

CUSIP No. 124830 878

 

1

NAME OF REPORTING PERSON

 

SVP Capital Solutions LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) x

3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

AF

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

 

NUMBER OF

 7

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

 8

SHARED VOTING POWER

 

277,753

EACH

REPORTING

PERSON

 9

SOLE DISPOSITIVE POWER

 

0

WITH: 10

SHARED DISPOSITIVE POWER

 

277,753

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

277,753

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

0.9%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

 

 

 

 

CUSIP No. 124830 878

 

1

NAME OF REPORTING PERSON

 

Strategic Value Capital Solutions Offshore Fund, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) x

3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

WC

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

 

 

NUMBER OF

 7

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

 8

SHARED VOTING POWER

 

194,874

EACH

REPORTING

PERSON

 9

SOLE DISPOSITIVE POWER

 

0

WITH: 10

SHARED DISPOSITIVE POWER

 

194,874

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

194,874

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

0.6%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

 

 

 

CUSIP No. 124830 878

 

1

NAME OF REPORTING PERSON

 

Strategic Value Capital Solutions Fund, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) x

3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

WC

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

 

 

NUMBER OF

 7

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

 8

SHARED VOTING POWER

 

66,084

EACH

REPORTING

PERSON

 9

SOLE DISPOSITIVE POWER

 

0

WITH: 10

SHARED DISPOSITIVE POWER

 

66,084

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

66,084

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

0.2%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

 

 

 

CUSIP No. 124830 878

 

1

NAME OF REPORTING PERSON

 

Strategic Value Sullivan Offshore Fund, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) x

3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

WC

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

 

 

NUMBER OF

 7

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

 8

SHARED VOTING POWER

 

23,140

EACH

REPORTING

PERSON

 9

SOLE DISPOSITIVE POWER

 

0

WITH: 10

SHARED DISPOSITIVE POWER

 

23,140

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

23,140

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

0.1%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

 

 

 

CUSIP No. 124830 878

 

1

NAME OF REPORTING PERSON

 

SVP Special Situations III-A LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) x

3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

AF

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

 

NUMBER OF

 7

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

 8

SHARED VOTING POWER

 

61,196

EACH

REPORTING

PERSON

 9

SOLE DISPOSITIVE POWER

 

0

WITH: 10

SHARED DISPOSITIVE POWER

 

61,196

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

61,196

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

0.2%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

 

 

 

 

CUSIP No. 124830 878

 

1

NAME OF REPORTING PERSON

 

Strategic Value Opportunities Fund, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) x

3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

WC

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

 

 

NUMBER OF

 7

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

 8

SHARED VOTING POWER

 

61,196

EACH

REPORTING

PERSON

 9

SOLE DISPOSITIVE POWER

 

0

WITH: 10

SHARED DISPOSITIVE POWER

 

61,196

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

61,196

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

0.2%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

 

 

 

CUSIP No. 124830 878

 

1

NAME OF REPORTING PERSON

 

Strategic Value Special Situations Offshore Fund IV, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) x

3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

WC

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

 

 

NUMBER OF

 7

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

 8

SHARED VOTING POWER

 

356,952

EACH

REPORTING

PERSON

 9

SOLE DISPOSITIVE POWER

 

0

WITH: 10

SHARED DISPOSITIVE POWER

 

356,952

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

356,952

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

1.1%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

 

 

 

CUSIP No. 124830 878

 

1

NAME OF REPORTING PERSON

 

Strategic Value Special Situations Fund IV, L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) ¨ (b) x
3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

WC

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

 

NUMBER OF

 7

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

 8

SHARED VOTING POWER

 

140,337

EACH

REPORTING

PERSON

 9

SOLE DISPOSITIVE POWER

 

0

WITH: 10

SHARED DISPOSITIVE POWER

 

140,337

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

140,337

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

0.5%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

 

 

 

 

CUSIP No. 124830 878

 

1

NAME OF REPORTING PERSON

 

SVP Special Situations IV LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) x

3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

AF

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

 

NUMBER OF

 7

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

 8

SHARED VOTING POWER

 

497,289

EACH

REPORTING

PERSON

 9

SOLE DISPOSITIVE POWER

 

0

WITH: 10

SHARED DISPOSITIVE POWER

 

497,289

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

497,289

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

1.6%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

 

 

 

 

CUSIP No. 124830 878

 

1

NAME OF REPORTING PERSON

 

Strategic Value Special Situations Offshore Fund V, L.P.

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) ¨ (b) x
3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

WC

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

 

 

NUMBER OF

 7

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

 8

SHARED VOTING POWER

 

404,128

EACH

REPORTING

PERSON

 9

SOLE DISPOSITIVE POWER

 

0

WITH: 10

SHARED DISPOSITIVE POWER

 

404,128

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

404,128

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

1.3%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

       

 

 

 

CUSIP No. 124830 878

 

1

NAME OF REPORTING PERSON

 

Strategic Value Special Situations Fund V, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) x

3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

WC

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

 

 

NUMBER OF

 7

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

 8

SHARED VOTING POWER

 

233,675

EACH

REPORTING

PERSON

 9

SOLE DISPOSITIVE POWER

 

0

WITH: 10

SHARED DISPOSITIVE POWER

 

233,675

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

233,675

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

0.7%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

       

 

 

 

CUSIP No. 124830 878

 

1

NAME OF REPORTING PERSON

 

SVP Special Situations V LLC

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) x

3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

AF

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

 

NUMBER OF

 7

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

 8

SHARED VOTING POWER

 

644,148

EACH

REPORTING

PERSON

 9

SOLE DISPOSITIVE POWER

 

0

WITH: 10

SHARED DISPOSITIVE POWER

 

644,148

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

644,148

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

2.1%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

       

 

 

 

CUSIP No. 124830 878

 

1

NAME OF REPORTING PERSON

 

Strategic Value Excelsior Fund, L.P.

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a) ¨ (b) x

3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

AF

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

 

 

NUMBER OF

 7

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

 8

SHARED VOTING POWER

 

61,176

EACH

REPORTING

PERSON

 9

SOLE DISPOSITIVE POWER

 

0

WITH: 10

SHARED DISPOSITIVE POWER

 

61,176

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

61,176

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

0.2%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

PN

       

 

 

 

CUSIP No. 124830 878

 

1

NAME OF REPORTING PERSON

 

SVP Excelsior Management LLC

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) ¨ (b) x
3

SEC USE ONLY

 

4

SOURCE OF FUNDS*

 

AF

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)

 

¨

6

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

 

NUMBER OF

 7

SOLE VOTING POWER

 

0

SHARES

BENEFICIALLY

OWNED BY

 8

SHARED VOTING POWER

 

61,176

EACH

REPORTING

PERSON

 9

SOLE DISPOSITIVE POWER

 

0

WITH: 10

SHARED DISPOSITIVE POWER

 

61,176

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

61,176

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11

 

0.2%

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

 

OO

       

 

 

 

Amendment No. 4 to Schedule 13D

 

Reference is hereby made to the statement on Schedule 13D filed with the Securities and Exchange Commission on behalf of the Reporting Persons with respect to the Common Stock of CBL & Associates Properties, Inc. (the “Issuer”) on September 1, 2022, as amended by Amendment No. 1 thereto filed on August 26, 2024, Amendment No. 2 thereto filed on September 4, 2024 and Amendment No. 3 thereto filed on September 20, 2024 (the “Schedule 13D”). Terms defined in the Schedule 13D are used herein as so defined.

 

Item 5. Interest in Securities of the Issuer.

 

Item 5 of the Schedule 13D is amended and supplemented as follows:

 

(a) — (b) The information requested by these subsections is incorporated herein by reference to the information provided on the cover pages to this Schedule 13D. All percentages set forth herein are based on 31,466,806 shares of Common Stock of the Issuer outstanding as of August 7, 2024, as reported in the Issuer’s Form 10-Q filed with the SEC on August 9, 2024.

 

(c)  Except as set forth on Schedule A, no Reporting Person has effected any transaction in shares of Common Stock since September 20, 2024 (the date of the filing of Amendment No. 3 to the Schedule 13D).

 

(e) On October 1, 2024, the Reporting Persons ceased to be beneficial owners of 5% or more of the outstanding Common Stock of the Issuer. Accordingly, this Amendment No. 4 constitutes an exit filing for each of the Reporting Persons.

 

 

 

 

SIGNATURE

 

After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

Date:  October 1, 2024  
   
STRATEGIC VALUE PARTNERS, LLC  
   
By: /s/ Lewis Schwartz  
  Name: Lewis Schwartz  
  Title: Chief Financial Officer  
   
/s/ Victor Khosla  
Victor Khosla  
   
SVP CAPITAL SOLUTIONS LLC (FKA SVP DISLOCATION LLC)  
   
By: /s/ Lewis Schwartz  
  Name: Lewis Schwartz  
  Title: Chief Financial Officer  
   
STRATEGIC VALUE CAPITAL SOLUTIONS OFFSHORE FUND, L.P.  
   
By: SVP Capital Solutions LLC (fka SVP Dislocation LLC) , its investment manager  
   
By: /s/ Lewis Schwartz  
  Name: Lewis Schwartz  
  Title: Chief Financial Officer  
   
STRATEGIC VALUE CAPITAL SOLUTIONS FUND, L.P.  
   
By: SVP Capital Solutions LLC (fka SVP Dislocation LLC) , its investment manager  
   
By: /s/ Lewis Schwartz  
  Name: Lewis Schwartz  
  Title: Chief Financial Officer  

 

STRATEGIC VALUE SULLIVAN OFFSHORE FUND, L.P.  
   
By: SVP Capital Solutions LLC (fka SVP Dislocation LLC) , its investment manager  
   
By: /s/ Lewis Schwartz  
  Name: Lewis Schwartz  
  Title: Chief Financial Officer  

 

 

 

 

STRATEGIC VALUE SULLIVAN OFFSHORE FUND, L.P.  
   
By: SVP Special Situations V LLC, its investment manager  
   
By: /s/ Lewis Schwartz  
  Name: Lewis Schwartz  
  Title: Chief Financial Officer  
   
STRATEGIC VALUE OPPORTUNITIES FUND, L.P.  
   
By: SVP Special Situations III-A LLC, its investment manager  
   
By: /s/ Lewis Schwartz  
  Name: Lewis Schwartz  
  Title: Chief Financial Officer  
   
SVP SPECIAL SITUATIONS III-A LLC  
   
By: /s/ Lewis Schwartz  
  Name: Lewis Schwartz  
  Title: Chief Financial Officer  
   
STRATEGIC VALUE SPECIAL SITUATIONS OFFSHORE FUND IV, L.P.  
   
By: SVP Special Situations IV LLC, its investment manager  
   
By: /s/ Lewis Schwartz  
  Name: Lewis Schwartz  
  Title: Chief Financial Officer  

 

STRATEGIC VALUE SPECIAL SITUATIONS FUND IV, L.P.  
   
By: SVP Special Situations IV LLC, its investment manager  
   
By: /s/ Lewis Schwartz  
  Name: Lewis Schwartz  
  Title: Chief Financial Officer  
   
SVP SPECIAL SITUATIONS IV LLC  
   
By: /s/ Lewis Schwartz  
  Name: Lewis Schwartz  
  Title: Chief Financial Officer  

 

 

 

 

STRATEGIC VALUE SPECIAL SITUATIONS OFFSHORE FUND V, L.P.  
   
By: SVP Special Situations V LLC, its investment manager  
   
By: /s/ Lewis Schwartz  
  Name: Lewis Schwartz  
  Title: Chief Financial Officer  
   
STRATEGIC VALUE SPECIAL SITUATIONS FUND V, L.P.  
   
By: SVP Special Situations V LLC, its investment manager  
   
By: /s/ Lewis Schwartz  
  Name: Lewis Schwartz  
  Title: Chief Financial Officer  
   
SVP SPECIAL SITUATIONS V LLC  
   
By: /s/ Lewis Schwartz  
  Name: Lewis Schwartz  
  Title: Chief Financial Officer  
   
STRATEGIC VALUE EXCELSIOR FUND, L.P.  
   
By: SVP Excelsior Management LLC, its investment manager  
   
By: /s/ Lewis Schwartz  
  Name: Lewis Schwartz  
  Title: Chief Financial Officer  
   
SVP EXCELSIOR MANAGEMENT LLC  
   
By: /s/ Lewis Schwartz  
  Name: Lewis Schwartz  
  Title: Chief Financial Officer  

 

 

 

 

Schedule A

 

Fund Date Transaction Number of
shares		 Price
Strategic Value Capital Solutions Offshore Fund L.P. 9/20/2024 Sale 75 $25.10
Strategic Value Sullivan Offshore Fund, L.P. 9/20/2024 Sale 7 $25.10
Strategic Value Capital Solutions Fund L.P. 9/20/2024 Sale 26 $25.10
Strategic Value Special Situations Fund IV, L.P. 9/20/2024 Sale 55 $25.10
Strategic Value Special Situations Offshore Fund IV, L.P. 9/20/2024 Sale 139 $25.10
Strategic Value Special Situations Fund V, L.P. 9/20/2024 Sale 91 $25.10
Strategic Value Special Situations Offshore Fund V, L.P. 9/20/2024 Sale 157 $25.10
Strategic Value Sullivan Offshore Fund L.P. 9/20/2024 Sale 2 $25.10
Strategic Value Excelsior Fund L.P. 9/20/2024 Sale 24 $25.10
Strategic Value Opportunities Fund, L.P. 9/20/2024 Sale 24 $25.10
Strategic Value Capital Solutions Offshore Fund L.P. 9/24/2024 Sale 7,652 $25.25
Strategic Value Sullivan Offshore Fund, L.P. 9/24/2024 Sale 660 $25.25
Strategic Value Capital Solutions Fund L.P. 9/24/2024 Sale 2,595 $25.25
Strategic Value Special Situations Fund IV, L.P. 9/24/2024 Sale 5,511 $25.25
Strategic Value Special Situations Offshore Fund IV, L.P. 9/24/2024 Sale 14,017 $25.25
Strategic Value Special Situations Fund V, L.P. 9/24/2024 Sale 9,176 $25.25
Strategic Value Special Situations Offshore Fund V, L.P. 9/24/2024 Sale 15,870 $25.25
Strategic Value Sullivan Offshore Fund L.P. 9/24/2024 Sale 249 $25.25
Strategic Value Excelsior Fund L.P. 9/24/2024 Sale 2,402 $25.25
Strategic Value Opportunities Fund, L.P. 9/24/2024 Sale 2,403 $25.25
Strategic Value Capital Solutions Offshore Fund L.P. 9/25/2024 Sale 3,309 $25.26
Strategic Value Sullivan Offshore Fund, L.P. 9/25/2024 Sale 285 $25.26
Strategic Value Capital Solutions Fund L.P. 9/25/2024 Sale 1,122 $25.26
Strategic Value Special Situations Fund IV, L.P. 9/25/2024 Sale 2,383 $25.26
Strategic Value Special Situations Offshore Fund IV, L.P. 9/25/2024 Sale 6,060 $25.26
Strategic Value Special Situations Fund V, L.P. 9/25/2024 Sale 3,967 $25.26
Strategic Value Special Situations Offshore Fund V, L.P. 9/25/2024 Sale 6,861 $25.26
Strategic Value Sullivan Offshore Fund L.P. 9/25/2024 Sale 108 $25.26
Strategic Value Excelsior Fund L.P. 9/25/2024 Sale 1,039 $25.26
Strategic Value Opportunities Fund, L.P. 9/25/2024 Sale 1,039 $25.26
Strategic Value Capital Solutions Offshore Fund L.P. 9/26/2024 Sale 8,511 $25.15
Strategic Value Sullivan Offshore Fund, L.P. 9/26/2024 Sale 734 $25.15
Strategic Value Capital Solutions Fund L.P. 9/26/2024 Sale 2,886 $25.15
Strategic Value Special Situations Fund IV, L.P. 9/26/2024 Sale 6,130 $25.15
Strategic Value Special Situations Offshore Fund IV, L.P. 9/26/2024 Sale 15,590 $25.15
Strategic Value Special Situations Fund V, L.P. 9/26/2024 Sale 10,206 $25.15
Strategic Value Special Situations Offshore Fund V, L.P. 9/26/2024 Sale 17,652 $25.15
Strategic Value Sullivan Offshore Fund L.P. 9/26/2024 Sale 277 $25.15
Strategic Value Excelsior Fund L.P. 9/26/2024 Sale 2,672 $25.15
Strategic Value Opportunities Fund, L.P. 9/26/2024 Sale 2,673 $25.15
Strategic Value Capital Solutions Offshore Fund L.P. 9/27/2024 Sale 22,387 $25.27
Strategic Value Sullivan Offshore Fund, L.P. 9/27/2024 Sale 1,930 $25.27
Strategic Value Capital Solutions Fund L.P. 9/27/2024 Sale 7,591 $25.27
Strategic Value Special Situations Fund IV, L.P. 9/27/2024 Sale 16,122 $25.27
Strategic Value Special Situations Offshore Fund IV, L.P. 9/27/2024 Sale 41,005 $25.27
Strategic Value Special Situations Fund V, L.P. 9/27/2024 Sale 26,844 $25.27
Strategic Value Special Situations Offshore Fund V, L.P. 9/27/2024 Sale 46,424 $25.27
Strategic Value Sullivan Offshore Fund L.P. 9/27/2024 Sale 729 $25.27
Strategic Value Excelsior Fund L.P. 9/27/2024 Sale 7,028 $25.27
Strategic Value Opportunities Fund, L.P. 9/27/2024 Sale 7,030 $25.27
Strategic Value Capital Solutions Offshore Fund L.P. 9/30/2024 Sale 8,961 $25.24
Strategic Value Sullivan Offshore Fund, L.P. 9/30/2024 Sale 772 $25.24
Strategic Value Capital Solutions Fund L.P. 9/30/2024 Sale 3,038 $25.24
Strategic Value Special Situations Fund IV, L.P. 9/30/2024 Sale 6,453 $25.24
Strategic Value Special Situations Offshore Fund IV, L.P. 9/30/2024 Sale 16,412 $25.24
Strategic Value Special Situations Fund V, L.P. 9/30/2024 Sale 10,744 $25.24
Strategic Value Special Situations Offshore Fund V, L.P. 9/30/2024 Sale 18,582 $25.24
Strategic Value Sullivan Offshore Fund L.P. 9/30/2024 Sale 292 $25.24
Strategic Value Excelsior Fund L.P. 9/30/2024 Sale 2,813 $25.24
Strategic Value Opportunities Fund, L.P. 9/30/2024 Sale 2,814 $25.24
Strategic Value Capital Solutions Offshore Fund L.P. 10/1/2024 Sale 5,368 $25.24
Strategic Value Sullivan Offshore Fund, L.P. 10/1/2024 Sale 463 $25.24
Strategic Value Capital Solutions Fund L.P. 10/1/2024 Sale 1,820 $25.24
Strategic Value Special Situations Fund IV, L.P. 10/1/2024 Sale 3,866 $25.24
Strategic Value Special Situations Offshore Fund IV, L.P. 10/1/2024 Sale 9,833 $25.24
Strategic Value Special Situations Fund V, L.P. 10/1/2024 Sale 6,437 $25.24
Strategic Value Special Situations Offshore Fund V, L.P. 10/1/2024 Sale 11,132 $25.24
Strategic Value Sullivan Offshore Fund L.P. 10/1/2024 Sale 175 $25.24
Strategic Value Excelsior Fund L.P. 10/1/2024 Sale 1,685 $25.24
Strategic Value Opportunities Fund, L.P. 10/1/2024 Sale 1,686 $25.24