SC 13D/A 1 tm2217246d1_sc13da.htm SC 13D/A

 

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. 11)*

 

California resources corporation

(Name of Issuer)

 

Common Stock, $0.01 par value

(Title of Class of Securities)

 

13057Q305

(CUSIP Number)

 

Naseem Sagati Aghili

Ares Management Corporation

2000 Avenue of the Stars, 12th Floor,

Los Angeles, California 90067

(310) 201-4165

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

June 3, 2022

(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. o

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

* 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).

 

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.

 

 

 

 

 

 

CUSIP No. 13057Q305
 
  1. Names of Reporting Persons
AF V Energy IV AIV 1A, 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 (See Instructions)
OO
 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  o
 
  6. Citizenship or Place of Organization
Delaware
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power
0
 
8. Shared Voting Power
171,551 (See Items 3, 4, 5 and 6)
 
9. Sole Dispositive Power
0
 
10. Shared Dispositive Power
171,551 (See Items 3, 4, 5 and 6)
 
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
171,551
(See Items 3, 4, 5 and 6)
 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
 
  13. Percent of Class Represented by Amount in Row (11)
0.2%* (See Items 3, 4, 5 and 6)
 
  14. Type of Reporting Person (See Instructions)
PN
             

 

*The calculation of the percentage of outstanding shares is based on 77,630,810 shares of Common Stock outstanding as of March 31, 2022 as disclosed by the Issuer in its Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission on May 5, 2022 (“10-Q”).

 

 

 

 

CUSIP No. 13057Q305
 
  1. Names of Reporting Persons
AF V Energy IV AIV 1B, 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 (See Instructions)
OO
 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  o
 
  6. Citizenship or Place of Organization
Delaware
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power
0
 
8. Shared Voting Power
627,753 (See Items 3, 4, 5 and 6)
 
9. Sole Dispositive Power
0
 
10. Shared Dispositive Power
627,753 (See Items 3, 4, 5 and 6)
 
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
627,753 (See Items 3, 4, 5 and 6)
 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
 
  13. Percent of Class Represented by Amount in Row (11)
0.8%* (See Items 3, 4, 5 and 6)
 
  14. Type of Reporting Person (See Instructions)
PN
             

 

*The calculation of the percentage of outstanding shares is based on 77,630,810 shares of Common Stock outstanding as of March 31, 2022 as disclosed by the Issuer in its 10-Q.

 

 

 

 

CUSIP No. 13057Q305
 
  1. Names of Reporting Persons
AF V Energy IV AIV 2, 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 (See Instructions)
OO
 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  o
 
  6. Citizenship or Place of Organization
Delaware
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power
0
 
8. Shared Voting Power
639,499 (See Items 3, 4, 5 and 6)
 
9. Sole Dispositive Power
0
 
10. Shared Dispositive Power
639,499 (See Items 3, 4, 5 and 6)
 
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
639,499
(See Items 3, 4, 5 and 6)
 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
 
  13. Percent of Class Represented by Amount in Row (11)
0.8%* (See Items 3, 4, 5 and 6)
 
  14. Type of Reporting Person (See Instructions)
PN
             

 

*The calculation of the percentage of outstanding shares is based on 77,630,810 shares of Common Stock outstanding as of March 31, 2022 as disclosed by the Issuer in its 10-Q.

 

 

 

 

CUSIP No. 13057Q305
 
  1. Names of Reporting Persons
AEOF ECR AIV A-B, 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 (See Instructions)
OO
 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  o
 
  6. Citizenship or Place of Organization
Delaware
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power
0
 
8. Shared Voting Power
1,894,861 (See Items 3, 4, 5 and 6)
 
9. Sole Dispositive Power
0
 
10. Shared Dispositive Power
1,894,861 (See Items 3, 4, 5 and 6)
 
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,894,861 (See Items 3, 4, 5 and 6)
 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
 
  13. Percent of Class Represented by Amount in Row (11)
2.4%* (See Items 3, 4, 5 and 6)
 
  14. Type of Reporting Person (See Instructions)
PN
             

 

*The calculation of the percentage of outstanding shares is based on 77,630,810 shares of Common Stock outstanding as of March 31, 2022 as disclosed by the Issuer in its 10-Q.

 

 

 

 

CUSIP No. 13057Q305
 
  1. Names of Reporting Persons
AEOF ECR AIV C, 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 (See Instructions)
OO
 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  o
 
  6. Citizenship or Place of Organization
Delaware
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power
0
 
8. Shared Voting Power
804,524 (See Items 3, 4, 5 and 6)
 
9. Sole Dispositive Power
0
 
10. Shared Dispositive Power
804,524 (See Items 3, 4, 5 and 6)
 
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
804,524 (See Items 3, 4, 5 and 6)
 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
 
  13. Percent of Class Represented by Amount in Row (11)
1.0%* (See Items 3, 4, 5 and 6)
 
  14. Type of Reporting Person (See Instructions)
PN
             

 

*The calculation of the percentage of outstanding shares is based on 77,630,810 shares of Common Stock outstanding as of March 31, 2022 as disclosed by the Issuer in its 10-Q.

 

 

 

 

CUSIP No. 13057Q305
 
  1. Names of Reporting Persons
AF Energy Feeder, 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 (See Instructions)
OO
 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  o
 
  6. Citizenship or Place of Organization
Delaware
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power
0
 
8. Shared Voting Power
747,313 (See Items 3, 4, 5 and 6)
 
9. Sole Dispositive Power
0
 
10. Shared Dispositive Power
747,313 (See Items 3, 4, 5 and 6)
 
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
747,313 (See Items 3, 4, 5 and 6)
 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
 
  13. Percent of Class Represented by Amount in Row (11)
1.0%* (See Items 3, 4, 5 and 6)
 
  14. Type of Reporting Person (See Instructions)
PN
             

 

*The calculation of the percentage of outstanding shares is based on 77,630,810 shares of Common Stock outstanding as of March 31, 2022 as disclosed by the Issuer in its 10-Q.

 

 

 

 

CUSIP No. 13057Q305
 
  1. Names of Reporting Persons
ACOF Investment 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 (See Instructions)
OO
 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  o
 
  6. Citizenship or Place of Organization
Delaware
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power
0
 
8. Shared Voting Power
4,885,501 (See Items 3, 4, 5 and 6)
 
9. Sole Dispositive Power
0
 
10. Shared Dispositive Power
4,885,501 (See Items 3, 4, 5 and 6)
 
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,885,501
(See Items 3, 4, 5 and 6)
 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
 
  13. Percent of Class Represented by Amount in Row (11)
6.3%* (See Items 3, 4, 5 and 6)
 
  14. Type of Reporting Person (See Instructions)
OO
             

 

*The calculation of the percentage of outstanding shares is based on 77,630,810 shares of Common Stock outstanding as of March 31, 2022 as disclosed by the Issuer in its 10-Q.

 

 

 

 

CUSIP No. 13057Q305
 
  1. Names of Reporting Persons
Ares 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 (See Instructions)
OO
 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  o
 
  6. Citizenship or Place of Organization
Delaware
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power
0
 
8. Shared Voting Power
4,885,501 (See Items 3, 4, 5 and 6)
 
9. Sole Dispositive Power
0
 
10. Shared Dispositive Power
4,885,501 (See Items 3, 4, 5 and 6)
 
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,885,501 (See Items 3, 4, 5 and 6)
 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
 
  13. Percent of Class Represented by Amount in Row (11)
6.3%* (See Items 3, 4, 5 and 6)
 
  14. Type of Reporting Person (See Instructions)
OO
             

 

*The calculation of the percentage of outstanding shares is based on 77,630,810 shares of Common Stock outstanding as of March 31, 2022 as disclosed by the Issuer in its 10-Q.

 

 

 

 

CUSIP No. 13057Q305
 
  1. Names of Reporting Persons
Ares Management Holdings 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 (See Instructions)
OO
 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  o
 
  6. Citizenship or Place of Organization
Delaware
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power
0
 
8. Shared Voting Power
4,885,501 (See Items 3, 4, 5 and 6)
 
9. Sole Dispositive Power
0
 
10. Shared Dispositive Power
4,885,501
(See Items 3, 4, 5 and 6)
 
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,885,501 (See Items 3, 4, 5 and 6)
 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
 
  13. Percent of Class Represented by Amount in Row (11)
6.3%* (See Items 3, 4, 5 and 6)
 
  14. Type of Reporting Person (See Instructions)
PN
             

 

*The calculation of the percentage of outstanding shares is based on 77,630,810 shares of Common Stock outstanding as of March 31, 2022 as disclosed by the Issuer in its 10-Q.

 

 

 

 

CUSIP No. 13057Q305
 
  1. Names of Reporting Persons
Ares Holdco 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 (See Instructions)
OO
 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  o
 
  6. Citizenship or Place of Organization
Delaware
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power
0
 
8. Shared Voting Power
4,885,501 (See Items 3, 4, 5 and 6)
 
9. Sole Dispositive Power
0
 
10. Shared Dispositive Power
4,885,501 (See Items 3, 4, 5 and 6)
 
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,885,501 (See Items 3, 4, 5 and 6)
 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
 
  13. Percent of Class Represented by Amount in Row (11)
6.3%* (See Items 3, 4, 5 and 6)
 
  14. Type of Reporting Person (See Instructions)
OO
             

 

*The calculation of the percentage of outstanding shares is based on 77,630,810 shares of Common Stock outstanding as of March 31, 2022 as disclosed by the Issuer in its 10-Q.

 

 

 

 

CUSIP No. 13057Q305
 
  1. Names of Reporting Persons
Ares Management Corporation
 
  2. Check the Appropriate Box if a Member of a Group (See Instructions)
    (a) ¨
    (b) x
 
  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)  o
 
  6. Citizenship or Place of Organization
Delaware
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power
0
 
8. Shared Voting Power
4,885,501 (See Items 3, 4, 5 and 6)
 
9. Sole Dispositive Power
0
 
10. Shared Dispositive Power
4,885,501
(See Items 3, 4, 5 and 6)
 
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,885,501
(See Items 3, 4, 5 and 6)
 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
 
  13. Percent of Class Represented by Amount in Row (11)
6.3%* (See Items 3, 4, 5 and 6)
 
  14. Type of Reporting Person (See Instructions)
CO
             

 

*The calculation of the percentage of outstanding shares is based on 77,630,810 shares of Common Stock outstanding as of March 31, 2022 as disclosed by the Issuer in its 10-Q.

 

 

 

 

CUSIP No. 13057Q305
 
  1. Names of Reporting Persons
Ares Voting 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 (See Instructions)
OO
 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  o
 
  6. Citizenship or Place of Organization
Delaware
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power
0
 
8. Shared Voting Power
4,885,501 (See Items 3, 4, 5 and 6)
 
9. Sole Dispositive Power
0
 
10. Shared Dispositive Power
4,885,501 (See Items 3, 4, 5 and 6)
 
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,885,501 (See Items 3, 4, 5 and 6)
 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
 
  13. Percent of Class Represented by Amount in Row (11)
6.3%* (See Items 3, 4, 5 and 6)
 
  14. Type of Reporting Person (See Instructions)
OO
             

 

*The calculation of the percentage of outstanding shares is based on 77,630,810 shares of Common Stock outstanding as of March 31, 2022 as disclosed by the Issuer in its 10-Q.

 

 

 

 

CUSIP No. 13057Q305
 
  1. Names of Reporting Persons
Ares Management GP 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 (See Instructions)
OO
 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  o
 
  6. Citizenship or Place of Organization
Delaware
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power
0
 
8. Shared Voting Power
4,885,501 (See Items 3, 4, 5 and 6)
 
9. Sole Dispositive Power
0
 
10. Shared Dispositive Power
4,885,501 (See Items 3, 4, 5 and 6)
 
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,885,501 (See Items 3, 4, 5 and 6)
 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
 
  13. Percent of Class Represented by Amount in Row (11)
6.3%* (See Items 3, 4, 5 and 6)
 
  14. Type of Reporting Person (See Instructions)
OO
             

 

*The calculation of the percentage of outstanding shares is based on 77,630,810 shares of Common Stock outstanding as of March 31, 2022 as disclosed by the Issuer in its 10-Q.

 

 

 

 

CUSIP No. 13057Q305
 
  1. Names of Reporting Persons
Ares Partners Holdco 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 (See Instructions)
OO
 
  5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)  o
 
  6. Citizenship or Place of Organization
Delaware
 
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7. Sole Voting Power
0
 
8. Shared Voting Power
4,885,501 (See Items 3, 4, 5 and 6)
 
9. Sole Dispositive Power
0
 
10. Shared Dispositive Power
4,885,501 (See Items 3, 4, 5 and 6)
 
  11. Aggregate Amount Beneficially Owned by Each Reporting Person
4,885,501 (See Items 3, 4, 5 and 6)
 
  12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o
 
  13. Percent of Class Represented by Amount in Row (11)
6.3%* (See Items 3, 4, 5 and 6)
 
  14. Type of Reporting Person (See Instructions)
OO
             

 

*The calculation of the percentage of outstanding shares is based on 77,630,810 shares of Common Stock outstanding as of March 31, 2022 as disclosed by the Issuer in its 10-Q.

 

 

 

 

This Amendment No. 11 (this “Amendment No. 11”) to the statement on Schedule 13D amends and supplements the statement on Schedule 13D filed by the Reporting Persons on November 6, 2020 (the “Original Schedule 13D”), as amended by Amendment No. 1 to the Original Schedule 13D filed by the Reporting Persons on May 25, 2021, Amendment No. 2 to the Original Schedule 13D filed by the Reporting Persons on June 9, 2021, Amendment No. 3 to the Original Schedule 13D filed by the Reporting Persons on June 16, 2021, Amendment No. 4 to the Original Schedule 13D filed by the Reporting Persons on June 24, 2021, Amendment No. 5 to the Original Schedule 13D filed by the Reporting Persons on September 23, 2021, Amendment No. 6 to the Original Schedule 13D filed by the Reporting Persons on January 10, 2022, Amendment No. 7 to the Original Schedule 13D filed by the Reporting Persons on January 24, 2022, Amendment No. 8 to the Original Schedule 13D filed by the Reporting Persons on March 9, 2022, Amendment No. 9 to the Original Schedule 13D filed by the Reporting Persons on March 23, 2022 and Amendment No. 10 to the Original Schedule 13D filed by the Reporting Persons on April 14, 2022 (as so amended, the “13D Filing,” and, together with this Amendment No. 11, this “Schedule 13D”). Except as amended in this Amendment No. 11, the 13D Filing remains in full force and effect. Terms defined in the 13D Filing are used in this Amendment No. 11 as so defined, unless otherwise defined in this Amendment No. 11.

 

Item 2. Identity and Background

 

The last sentence of Item 2(a) of the 13D Filing is hereby amended and restated as follows:

 

The Reporting Persons have entered into a joint filing agreement, dated as of June 7, 2022, a copy of which is attached to this Schedule 13D as Exhibit 99.1.

 

Item 5. Interest in Securities of the Issuer

 

Items 5(a) and 5(c) of the 13D Filing are hereby amended and restated in its entirety as follows:

 

(a) Aggregate Number and Percentage of Securities. As of the date that this Schedule 13D is filed, (i) ACOF AIV 1A directly holds 171,551 shares of Common Stock, (ii) ACOF AIV 1B directly holds 627,753 shares of Common Stock, (iii) ACOF AIV 2 directly holds 639,499 shares of Common Stock, (iv) AEOF AIV A-B directly holds 1,894,861 shares of Common Stock, (v) AEOF AIV C directly holds 804,524 shares of Common Stock and (vi) AF Energy Feeder, L.P. directly holds 747,313 shares of Common Stock. The Reporting Persons, as a result of the relationships described in Item 2, may be deemed to directly or indirectly beneficially own the shares of Common Stock directly held by the ACOF AIVs, the AEOF AIVs and AF Energy Feeder, L.P. (as applicable). See Items 11 and 13 of the cover pages to, and Item 2 of, this Schedule 13D for the aggregate number of Common Stock and the percentage of Common Stock beneficially owned by each of the Reporting Persons.

 

(c) Transactions within the past 60 days. Since the filing of the Amendment No. 10 to the Original Schedule 13D, the ACOF AIVs and AF Energy Feeder, L.P. sold Common Stock in the transactions set forth in Exhibit 1 attached to this Schedule 13D, which is incorporated by reference into this Item 5(c) in its entirety. Except as set forth in this Item 5(c) and Exhibit 1 attached to this Schedule 13D, none of the Reporting Persons has effected any transaction in Common Stock during the past 60 days.

 

Item 7. Material to be Filed as Exhibits

 

Exhibit 1   Trading Data
Exhibit 99.1   Joint Filing Agreement, dated as of June 7, 2022, by and among the Reporting Persons.

 

 

 

 

SIGNATURE

 

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

 

Date: June 7, 2022

 

  AF V Energy IV AIV 1A, L.P.
     
  By: ACOF Investment Management llc
  Its: Manager
     
    /s/ Naseem Sagati Aghili
    By: Naseem Sagati Aghili
    Its: Authorized Signatory
   
  AF V Energy IV AIV 1B, L.P.
   
  By: ACOF Investment Management llc
  Its: Manager
   
    /s/ Naseem Sagati Aghili
    By: Naseem Sagati Aghili
    Its: Authorized Signatory
   
  AF V Energy IV AIV 2, L.P.
   
  By: ACOF Investment Management llc
  Its: Manager
   
    /s/ Naseem Sagati Aghili
    By: Naseem Sagati Aghili
    Its: Authorized Signatory
   
  AEOF ECR AIV A-B, L.P.
   
  By: ACOF Investment Management llc
  Its: Manager
   
    /s/ Naseem Sagati Aghili
    By: Naseem Sagati Aghili
    Its: Authorized Signatory

 

 

 

 

  AEOF ECR AIV C, L.P.
   
  By: ACOF Investment Management llc
  Its: Manager
   
    /s/ Naseem Sagati Aghili
    By: Naseem Sagati Aghili
    Its: Authorized Signatory
   
  AF energy feeder, l.p.
   
  By: ACOF Investment Management llc
  Its: Manager
   
    /s/ Naseem Sagati Aghili
    By: Naseem Sagati Aghili
    Its: Authorized Signatory
       
  ACOF Investment Management llc
   
    /s/ Naseem Sagati Aghili
    By: Naseem Sagati Aghili
    Its: Authorized Signatory
   
  ARES MANAGEMENT LLC
   
    /s/ Naseem Sagati Aghili
    By: Naseem Sagati Aghili
    Its: Authorized Signatory
       
  ARES MANAGEMENT HOLDINGS L.P.
   
  By: ARES HOLDCO LLC
  Its: General Partner
   
    /s/ Naseem Sagati Aghili
    By: Naseem Sagati Aghili
    Its: Authorized Signatory
   
  ARES HOLDCO LLC
   
    /s/ Naseem Sagati Aghili
    By: Naseem Sagati Aghili
    Its: Authorized Signatory
   
   
  ARES MANAGEMENT CORPORATION
   
    /s/ Naseem Sagati Aghili
    By: Naseem Sagati Aghili
    Its: Authorized Signatory

 

 

 

 

  ARES MANAGEMENT GP LLC
   
    /s/ Naseem Sagati Aghili
    By: Naseem Sagati Aghili
    Its: Authorized Signatory
   
  ARES VOTING LLC
   
  By: ARES PARTNERS HOLDCO LLC
  Its: Sole Member
   
    /s/ Naseem Sagati Aghili
    By: Naseem Sagati Aghili
    Its: Authorized Signatory
       
  ARES PARTNERS HOLDCO LLC
   
    /s/ Naseem Sagati Aghili
    By: Naseem Sagati Aghili
    Its: Authorized Signatory

 

 

 

 

EXHIBIT INDEX

 

Exhibit 1   Trading Data
Exhibit 99.1   Joint Filing Agreement, dated as of June 7, 2022, by and among the Reporting Persons.