Oak Hill Advisors Amends Expro Group Holdings Stake

TL;DR

Oak Hill Advisors updated their 13D on EXPR. Big shareholder action.

AI Summary

Oak Hill Advisors, L.P. has amended its Schedule 13D filing regarding Expro Group Holdings N.V. (f/k/a Frank's International N.V.). The filing, dated May 22, 2024, indicates a change in beneficial ownership. Oak Hill Advisors, L.P. is based in New York, NY.

Why It Matters

This filing signals a potential shift in major shareholder influence or strategy for Expro Group Holdings, which could impact its stock performance and corporate direction.

Risk Assessment

Risk Level: medium — Schedule 13D filings often precede significant corporate events or changes in control, which can introduce volatility.

Key Players & Entities

• Oak Hill Advisors, L.P. (company) — Filing entity
• Expro Group Holdings N.V. (company) — Subject company
• Frank's International N.V. (company) — Former name of subject company
• Gregory S. Rubin (person) — Contact person for filing

FAQ

Filing Documents

• p24-1918sc13da.htm (SC 13D/A) — 31KB
• 0000902664-24-003832.txt ( ) — 33KB

is hereby amended and supplemented as follows

Item 4 is hereby amended and supplemented as follows: Mr. Schrager will cease to be a director of the Issuer following the Issuer's annual meeting on May 23, 2024. Item 5. INTEREST IN SECURITIES OF THE ISSUER Items 5(a)-(c) of the Schedule 13D is hereby amended and restated in its entirety as follows: (a) See rows (11) and (13) of the cover page to the Schedule 13D for the aggregate number of shares of Common Stock and percentage of shares of Common Stock beneficially owned by the Reporting Person . The percentage used in the Schedule 13D is calculated based upon 110,796,472 shares of Common Stock, which is the sum of (i) 110,537,436 shares of Common Stock outstanding as of April 22, 2024, as reported in the Issuer's Quarterly Report for the quarterly period ended March 31, 2024, filed with the SEC on April 25, 2024, (ii) 198,154 shares of Common Stock that OHA may purchase upon exercise of options, and (iii) the shares of Common Stock underlying the RSUs reported herein. (b) See rows (7) through (10) of the cover page to the Schedule 13D for the number of shares of Common Stock as to which the Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition. (c) On May 20, 2024, certain of the Oak Hill Advisory Entities sold 2,701,920 shares of Common Stock pursuant to a block trade with J.P. Morgan Securities LLC at a price of $ 22.25 per share. Other than as disclosed herein, no transactions in the shares of Common Stock have been effected by the Reporting Person during the past sixty (60) days. CUSIP No. N3144W105 SCHEDULE 13D/A Page 4 of 4 Pages

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date: May 22, 2024 OAK HILL ADVISORS, L.P. By: /s/ Gregory S. Rubin Name: Gregory S. Rubin Title: Authorized Signatory

View Full Filing

View this SC 13D/A filing on SEC EDGAR