09/16/2026 | Press release | Distributed by Public on 09/16/2026 18:22
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FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | |||
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1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Series A Mandatorily Convertible Preferred Stock | (6) | (6) | Class A Common Stock | 1,411,582 | (6) | I | See Footnotes(1)(5) |
| Series A Mandatorily Convertible Preferred Stock | (6) | (6) | Class A Common Stock | 486,147 | (6) | I | See Footnotes(2)(5) |
| Series A Mandatorily Convertible Preferred Stock | (6) | (6) | Class A Common Stock | 7,442,770 | (6) | I | See Footnotes(3)(5) |
| Series A Mandatorily Convertible Preferred Stock | (6) | (6) | Class A Common Stock | 4,834,536 | (6) | I | See Footnotes(4)(5) |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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Strategic Value Partners, LLC 100 WEST PUTNAM AVENUE GREENWICH, CT 06830 |
X | |||
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Strategic Value Excelsior Fund, L.P. 100 WEST PUTNAM AVENUE GREENWICH, CT 06830 |
X | |||
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Khosla Victor C/O STRATEGIC VALUE PARTNERS, LLC 100 WEST PUTNAM AVENUE GREENWICH, CT 06830 |
X | |||
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Strategic Value Capital Solutions II MF L.P. 100 WEST PUTNAM AVENUE GREENWICH, CT 06830 |
X | |||
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Strategic Value Special Situations Master Fund V, L.P. 100 WEST PUTNAM AVENUE GREENWICH, CT 06830 |
X | |||
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Strategic Value Special Situations VI MF, L.P. 100 WEST PUTNAM AVENUE GREENWICH, CT 06830 |
X | |||
| /s/ Lewis Schwartz - for Strategic Value Partners, LLC, By: Lewis Schwartz, Chief Financial Officer | 09/16/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Lewis Schwartz - for Strategic Value Excelsior Fund, L.P., By: SVP Excelsior Management LLC, its investment manager, By: Lewis Schwartz, Chief Financial Office | 09/16/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Victor Khosla | 09/16/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Lewis Schwartz - for Strategic Value Special Situations Master Fund V, L.P., By: SVP Special Situations V LLC, its investment manager, By: Lewis Schwartz, Chief Financial Officer | 09/16/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Lewis Schwartz - for Strategic Value Capital Solutions II MF L.P., By: SVP Capital Solutions II LLC, its investment manager, By: Lewis Schwartz, Chief Financial Officer | 09/16/2026 | |
| **Signature of Reporting Person | Date | |
| /s/ Lewis Schwartz - for Strategic Value Special Situations VI MF, L.P., By: SVP Special Situations VI LLC, its investment manager, By: Lewis Schwartz, Chief Financial Officer | 09/16/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Held directly by Strategic Value Capital Solutions II MF L.P. ("SVCS II MF"). SVP Capital Solutions II LLC ("SVP Capital Solutions II") is the investment manager of SVCS II MF. SVP Capital Solutions GP II Ltd. is the general partner of SVCS II MF. |
| (2) | Held directly by Strategic Value Excelsior Fund, L.P. ("Excelsior"). SVP Excelsior Management LLC ("Excelsior Management") is the investment manager of Excelsior. SVP Excelsior Fund GP Ltd. and SVP Excelsior Fund GP (Series VI) Ltd. are the general partners of Excelsior. |
| (3) | Held directly by Strategic Value Special Situations Master Fund V, L.P. ("SVSS V"). SVP Special Situations V LLC ("SVPSS V LLC") is the investment manager of SVSS V. SVP Special Situations GP V Ltd. is the general partner of SVSS V. |
| (4) | Held directly by Strategic Value Special Situations VI MF, L.P. ("SVSS VI MF"). SVP Special Situations VI LLC ("SVPSS VI LLC") is the investment manager of SVSS VI MF. SVP Special Situations GP VI Ltd. is the general partner of SVSS VI MF. |
| (5) | Strategic Value Partners, LLC, which is indirectly controlled by Victor Khosla, is the managing member of SVPSS VI LLC, Excelsior Management, SVPSS V LLC and SVP Capital Solutions II. The filing of this Form 3 shall not be construed as an admission that the Reporting Persons are or were for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owners of any of the securities reported herein. The Reporting Persons disclaim such beneficial ownership, except to the extent of their pecuniary interest. |
| (6) | Each share of Preferred Stock will automatically convert on the third anniversary of the issue date into a number of shares of Class A Common Stock equal to 46.441271 shares of Class A Common Stock per share of Preferred Stock, subject to adjustment. |