Filing Details
- Accession Number:
- 0001567619-22-003433
- Form Type:
- 13G Filing
- Publication Date:
- 2022-02-10 19:00:00
- Filed By:
- Glendon Capital Management
- Company:
- Imperial Petroleum Inc.rshall Islands (NASDAQ:IMPP)
- Filing Date:
- 2022-02-11
- SEC Url:
- 13G Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Glendon Capital Management | 0 | 7 | 0 | 9 | 0 | 0.00% |
| Glendon Opportunities Fund | 0 | 7 | 0 | 9 | 0 | 0.00% |
| Alexander Thain | 0 | 7 | 0 | 9 | 0 | 0.00% |
Filing
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
Under
the Securities Exchange Act of 1934
(Amendment No.
n/a
)*
Imperial Petroleum Inc.
(Name
of Issuer)
Common Stock, par value $.01 per share
Y3894J104
December 03, 2021
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
o
Rule
13d-1(b)
o
Rule
13d-1(c)
x
Rule
13d-1(d)
*
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 the
disclosures provided in a prior cover page.
The
information required in 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. | Y3894J104 |
| 1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||
| Glendon Capital Management L.P. 46-1394333 | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS) | ||||
| (a) o | |||||
| (b) o | |||||
| 3 | SEC USE ONLY | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
| United States | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER | |||
| 0 | |||||
| 6 | SHARED VOTING POWER | ||||
| 7 | SOLE DISPOSITIVE POWER | ||||
| 0 | |||||
| 8 | SHARED DISPOSITIVE POWER | ||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
| 0 | |||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
| o | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
| 0.00% | |||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
| IA | |||||
FOOTNOTES | |||||
| On December 3, 2021, the Issuer was spun-off from StealthGas Inc. and issued 812,348 of the Issuer's common shares to certain client funds and accounts managed by Glendon Capital Management L.P. ("GCM"), resulting in GCM's clients collectively holding approximately 17.01% of the Issuer's outstanding common shares. As of January 28, 2022, GCM's clients have sold the entirety of their common shares in the Issuer and neither GCM nor any of its clients own any of the Issuer's common shares. | |||||
| CUSIP No. | Y3894J104 |
| 1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||
| Glendon Opportunities Fund, L.P. | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS) | ||||
| (a) o | |||||
| (b) o | |||||
| 3 | SEC USE ONLY | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
| Cayman Islands | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER | |||
| 0 | |||||
| 6 | SHARED VOTING POWER | ||||
| 7 | SOLE DISPOSITIVE POWER | ||||
| 0 | |||||
| 8 | SHARED DISPOSITIVE POWER | ||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
| 0 | |||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
| o | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
| 0.00% | |||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
| FI , PN | |||||
FOOTNOTES | |||||
| On December 3, 2021, the Issuer was spun-off from StealthGas Inc. and issued 592,487 of the Issuer's common shares to Glendon Opportunities Fund, L.P. ("G1"), resulting in G1 holding approximately 12.41% of the Issuer's outstanding common shares. As of January 28, 2022, G1 has sold the entirety of its common shares in the Issuer and no longer owns any common shares of the Issuer. | |||||
| CUSIP No. | Y3894J104 |
| 1 | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) | ||||
| Alexander Thain | |||||
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS) | ||||
| (a) o | |||||
| (b) o | |||||
| 3 | SEC USE ONLY | ||||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||
| United States | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | 5 | SOLE VOTING POWER | |||
| 0 | |||||
| 6 | SHARED VOTING POWER | ||||
| 7 | SOLE DISPOSITIVE POWER | ||||
| 0 | |||||
| 8 | SHARED DISPOSITIVE POWER | ||||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||
| 0 | |||||
| 10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||
| o | |||||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||||
| 0.00% | |||||
| 12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||
| IN , HC | |||||
FOOTNOTES | |||||
| On December 3, 2021, the Issuer was spun-off from StealthGas Inc. and issued 812,348 of the Issuer's common shares to certain client funds and accounts managed by Glendon Capital Management L.P. ("GCM"), resulting in GCM's clients collectively holding approximately 17.01% of the Issuer's outstanding common shares. As of January 28, 2022, GCM's clients have sold the entirety of their common shares in the Issuer and neither GCM nor any of its clients own any of the Issuer's common shares.
Pursuant to investment discretion delegated to him by GCM's investment committee, Mr. Thain is deemed to have the power to vote and dispose of the identified shares. | |||||
SIGNATURE
After
reasonable inquiry and to the best of my knowledge and belief, I certify that
the information set forth in this statement is true, complete and correct.
| Glendon Capital Management L.P. | |||
Date:
February 11, 2022 | By:
| /s/ Haig Maghakian | |
| Name: Haig Maghakian | |||
| Title: Chief Compliance Officer / General Counsel | |||
Date:
February 11, 2022 | By:
| /s/ Alexander Thain | |
| Name: Alexander Thain | |||
| Title: Individual | |||
| Glendon Opportunities Fund, L.P. | |||
Date:
February 11, 2022 | By:
| /s/ Haig Maghakian | |
| Name: Haig Maghakian | |||
| Title: Authorized Person | |||
Footnotes: | Glendon Capital Associates LLC ("GCA") is the general partner of the Glendon Opportunities Fund, L.P. ("G1"). Pursuant to an investment management agreement, GCA has delegated its investment management authority in respect of G1 to Glendon Capital Management L.P. |
Attention: | Intentional
misstatements or omissions of fact constitute Federal criminal violations (See
18 U.S.C. 1001) |