Silver Point Capital Amends Gulfport Energy Stake

TL;DR

Silver Point Capital updated its 13D filing for Gulfport Energy, watch for more details on ownership changes.

AI Summary

On November 25, 2024, Silver Point Capital L.P. filed an amendment to its Schedule 13D for Gulfport Energy Corp. This filing indicates a change in beneficial ownership of Gulfport Energy Corp. common stock. The filing does not specify the exact number of shares or the percentage of ownership change in this amendment.

Why It Matters

This filing signals a potential shift in major shareholder activity for Gulfport Energy, which could influence the company's stock price and strategic direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate actions or shifts in control, introducing uncertainty.

Key Players & Entities

• Silver Point Capital L.P. (company) — Filing entity
• Gulfport Energy Corp (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
• $175.60 — of Common Stock at a price per share of $175.60. On November 21, 2024, the Issuer agr

Filing Documents

• d835481dsc13da.htm (SC 13D/A) — 65KB
• d835481dex991.htm (EX-99.1) — 5KB
• 0001193125-24-265338.txt ( ) — 71KB

is hereby supplemented as follows

Item 4 is hereby supplemented as follows: On November 21, 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 Opportunity Institutional Partners, L.P., and Silver Point Distressed Opportunity Institutional Partners Master Fund (Offshore), L.P. sold an aggregate of 322,876 shares of Common Stock at a price per share of $175.60. On November 21, 2024, the Issuer agreed to purchase from Silver Point Capital, L.P. an aggregate of 150,000 shares of Common Stock at a price of $175.60 per share. 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, however the Reporting Persons intend to review their investment in the Issuer on a continuing basis based upon various factors, including without limitation, the Issuers financial position and strategic direction, overall market conditions, and other investment opportunities available to them. Item5. INTEREST IN SECURITIES OF THE ISSUER

is hereby supplemented as follows

Item 5 is hereby supplemented as follows: (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 5,460,901 shares, consisting of (a) 3,764,972 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 November 6, 2024, as of October 28, 2024, there were 17,727,799 shares of Common Stock, and as of September 30, 2024, there were 43,745 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) 17,727,799 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 26.2% 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 November 25, 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: November 25, 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