13D Filing: Silver Point Capital and Basic Energy Services Inc (BAS)

CUSIP NO. 06985P209

  1

NAMES OF REPORTING PERSONS

Silver Point Capital, L.P.

  2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☒

  3

SEC USE ONLY

  4

SOURCE OF FUNDS (SEE INSTRUCTIONS)

OO

  5

CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR
2(e)  ☐

  6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

  7

SOLE VOTING POWER*

3,584,651

  8

SHARED VOTING POWER*

-0-

  9

SOLE DISPOSITIVE POWER*

3,584,651

10

SHARED DISPOSITIVE POWER*

-0-

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON*

3,584,651

12

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)  ☐

13

PERCENT OF CLASS REPRESENTED IN ROW (11)*

14

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)

IA, PN

*

See Item 5.

This percentage is calculated based upon 26,028,149 shares of Common Stock outstanding as of November 3, 2017, as reported in the Issuer’s Form 10-Q filed on November 6, 2017.