Silver Point Capital Amends Gulfport Energy Filing

TL;DR

Silver Point Capital updated its stake in Gulfport Energy. Watch for more details.

AI Summary

Silver Point Capital L.P. has filed an amendment (No. 9) to its Schedule 13D regarding Gulfport Energy Corporation, as of September 23, 2024. The filing indicates a change in beneficial ownership, though specific new holdings or changes in percentage are not detailed in this excerpt. The filing was made under the Securities Exchange Act of 1934.

Why It Matters

This amendment signals a potential shift in significant stakeholder positions in Gulfport Energy, which could influence the company's stock performance and strategic direction.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D often indicate changes in significant ownership, which can lead to increased volatility or strategic shifts for the company.

Key Players & Entities

• Silver Point Capital L.P. (company) — Filing entity
• Gulfport Energy Corporation (company) — Subject company
• Steven Weiser (person) — Associated with Silver Point Capital
• EDWARD A. MULE (person) — Group member
• ROBERT J. O'SHEA (person) — Group member

FAQ

Key Financial Figures

• $0.0001 — me of Issuer) Common Stock, par value $0.0001 per share (Title of Class of Securiti
• $146.25 — of Common Stock at a price per share of $146.25. On September 19, 2024, the Issuer ag

Filing Documents

• d863265dsc13da.htm (SC 13D/A) — 63KB
• d863265dex991.htm (EX-99.1) — 5KB
• 0001193125-24-223742.txt ( ) — 70KB

is hereby supplemented as follows

Item 4 is hereby supplemented as follows: On September 19, 2024, Silver Point Capital Fund, L.P., Silver Point Capital Offshore Master Fund, L.P. by SPCP Offshore IV, Inc. as its designated affiliate, Silver Point Distressed Opportunities Fund, L.P., Silver Point Distressed Opportunities Offshore Master Fund, L.P., Silver Point Distressed Institutional Partners, L.P., and Silver Point Distressed Opportunity Institutional Partners Master Fund (Offshore), L.P. sold an aggregate of 790,000 shares of Common Stock at a price per share of $146.25. On September 19, 2024, the Issuer agreed to purchase from Silver Point Capital, L.P. an aggregate of 170,000 shares of Common Stock at a price of $146.25 per share. Other than as described above, the Reporting Persons do not have any current plan or proposal that relates to or would result in any transaction, event or action enumerated in paragraphs (a) through (j) of Item 4 of Schedule 13D. Item5. INTEREST IN SECURITIES OF THE ISSUER

is hereby supplemented to add the following as exhibits

Item 5 is hereby supplemented to add the following as exhibits: (a) The responses of the Reporting Persons to rows (7) through (13) of the cover pages of this Schedule 13D are incorporated herein by reference. The Reporting Persons currently beneficially own 5,933,777 shares, consisting of (a) 4,237,848 shares plus (b) 1,695,929 shares issuable upon the exercise of 23,743 shares of Preferred Stock. As reported in the Companys Form 10-Q filed with the SEC on August 7, 2024, as of July 29, 2024, there were 18,107,078 shares of Common Stock, and as of June 30, 2024, there were 43,788 shares of Preferred Stock issued and outstanding (which shares of Preferred Stock vote together on an as-converted basis with the Common Stock as a single class). Percent ownership calculations in this Schedule 13D are calculated by using (a) 18,107,078 shares of the Issuers Common Stock outstanding plus (b) 1,695,929 shares of Common Stock issuable upon the conversion of the 23,743 shares of Preferred Stock beneficially owned by the Reporting Persons. Assuming conversion of all outstanding shares of the Issuers Preferred Stock, the Reporting Persons beneficially own approximately 28.0% of the outstanding voting securities of the Issuer (including in the denominator all 3,100,000 shares of common stock issuable upon the conversion of the Preferred Stock outstanding). (b) The responses of the Reporting Persons to rows (7) through (13) of the cover pages of this Schedule 13D are incorporated herein by reference. (c) The disclosure in Item 4 herein is incorporated by reference. Item7. MATERIAL TO BE FILED AS EXHIBITS

is hereby supplemented to add the following as exhibits

Item 7 is hereby supplemented to add the following as exhibits: Exhibit 1 Joint Filing Agreement, dated as of September 23, 2024, by and among the Reporting Persons. Exhibit 2 Cooperation Agreement, dated as of May 17, 2021, by and among Gulfport Energy Corporation and Silver Point Capital, L.P. (incorporated herein by reference to Exhibit 10.3 of the Issuers Form 8-K filed with the SEC on May 17, 2021). Exhibit 3 Power of Attorney of Edward A. Mulé (incorporated herein by reference to Exhibit B to Schedule 13G filed by Silver Point Capital, L.P., Edward A. Mulé and Robert OShea with the SEC on February 16, 2016 relating to TopBuild Corp.). Exhibit 4 Power of Attorney of Robert OShea (incorporated herein by reference to Exhibit C to Schedule 13G filed by Silver Point Capital, L.P., Edward A. Mulé and Robert OShea with the SEC on February 16, 2016 relating to TopBuild Corp.). Exhibit 5 Registration Rights Agreement dated as of May 17, 2021, by and among the Issuer and the other parties signatory hereto (incorporated herein by reference to Exhibit 10.2 of the Issuers Form 8-K filed with the SEC on May 17, 2021).

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, the undersigned certifies that the information set forth in this Date: September 23, 2024 Silver Point Capital, L.P. By: /s/ Steven Weiser Name: Steven Weiser Title: Authorized Signatory Edward A. Mulé By: /s/ Steven Weiser Name: Steven Weiser Title: Attorney-in-fact Robert J. OShea By: /s/ Steven Weiser Name: Steven Weiser Title: Attorney-in-fact

View Full Filing

View this SC 13D/A filing on SEC EDGAR