Key Energy Services Inc (KEG): Contrarian Capital Reports 11.8% Passive Stake

Page 4 of 8 – SEC Filing

Item 1(a).   Name of Issuer:

Key Energy Services, Inc.

Item 1(b). Address of Issuer’s Principal Executive Offices:

1301 McKinney Street, Suite 1800

Houston, Texas

77010

Item 2(a). Name of Person Filing:

Contrarian Capital Management, L.L.C.

Contrarian Capital Fund I, L.P.

Item 2(b). Address of Principal Business Office or, if none, Residence:

Contrarian Capital Management, L.L.C.

411 West Putnam Avenue, Suite 425

Greenwich, CT 06830

Contrarian Capital Fund I, L.P.

c/o Contrarian Capital Advisors, L.L.C.

411 West Putnam Avenue, Suite 425

Greenwich, CT 06830

Item 2(c). Citizenship:

Contrarian Capital Management, L.L.C. – Delaware
limited liability company

Contrarian Capital Fund I, L.P. – Delaware limited
partnership

Item 2(d). Titles of Classes of Securities:

Common Stock, $0.01 par value (“Common Stock”)

Item 2(e). CUSIP Number:

49309J103

Item 3.

If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a(n):

(a) ☐ Broker or dealer registered under section
15 of the Act (15 U.S.C. 78o);

(b) ☐ Bank as defined in section 3(a)(6) of
the Act (15 U.S.C. 78c);

(c) ☐ Insurance company as defined in section
3(a)(19) of the Act (15 U.S.C. 78c);

(d) ☐ Investment company registered under Section
8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

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