UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

SCHEDULE 13G/A

 

Under the Securities Exchange Act of 1934

(Amendment No. 4)*



Berry Corporation (bry)

(Name of Issuer)

 

Common Stock, par value $0.001 per share

(Title of Class of Securities)

 

08579X101

(CUSIP Number)

 

 

December 31, 2021
(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

o Rule 13d-1(b)

x Rule 13d-1(c)

o 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.  08579X101
 SCHEDULE 13G/A
Page 2 of 13 Pages

 

         
1
NAME OF REPORTING PERSONS
 
CarVal Investors, L.P.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
0
6
SHARED VOTING POWER
 
4,439,575
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
4,439,575
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
4,439,575
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
5.55%
12
TYPE OF REPORTING PERSON
 
IA

 


 

CUSIP No.  08579X101
 SCHEDULE 13G/A
Page 3 of 13 Pages

 

         
1
NAME OF REPORTING PERSONS
 
CVI AA Lux Securities S.à r.l
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Luxembourg
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
0
6
SHARED VOTING POWER
 
518,293
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
518,293
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
518,293
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0.65%
12
TYPE OF REPORTING PERSON
 
OO

 


 

CUSIP No.  08579X101
 SCHEDULE 13G/A
Page 4 of 13 Pages

 

         
1
NAME OF REPORTING PERSONS
 
CVI AV Lux Securities S.à r.l
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Luxembourg
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
0
6
SHARED VOTING POWER
 
100,770
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
100,770
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
100,770
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0.13%
12
TYPE OF REPORTING PERSON
 
OO
 


 

CUSIP No.  08579X101
 SCHEDULE 13G/A
Page 5 of 13 Pages

 

         
1
NAME OF REPORTING PERSONS
 
CVI CVF III Lux Securities S.à r.l
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 Luxembourg
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
0
6
SHARED VOTING POWER
 
2,028,733
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
2,028,733
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
2,028,733
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.54%
12
TYPE OF REPORTING PERSON
 
OO

 

 


 

CUSIP No.  08579X101
 SCHEDULE 13G/A
Page 6 of 13 Pages

 

         
1
NAME OF REPORTING PERSONS
 
CVI CVF IV Lux Securities S.à r.l
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Luxembourg
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH3REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
0
6
SHARED VOTING POWER
 
702,706
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
702,706
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
702,706
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0.88%
12
TYPE OF REPORTING PERSON
 
OO
 


 

CUSIP No.  08579X101
 SCHEDULE 13G/A
Page 7 of 13 Pages

 

         
1
NAME OF REPORTING PERSONS
 
CVIC Lux Securities Trading S.à r.l
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Luxembourg
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
0
6
SHARED VOTING POWER
 
773,585
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
773,585
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
773,585
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0.97%
12
TYPE OF REPORTING PERSON
 
OO
 


 

CUSIP No.  08579X101
 SCHEDULE 13G/A
Page 8 of 13 Pages

 

         
1
NAME OF REPORTING PERSONS
 
CarVal CGF Lux Securities S.à r.l
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Luxembourg
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
0
6
SHARED VOTING POWER
 
315,488
7
SOLE DISPOSITIVE POWER
 
0
8
SHARED DISPOSITIVE POWER
 
315,488
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
315,488
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
0.39%
12
TYPE OF REPORTING PERSON
 
OO
 


 

 

CUSIP No. 08579X101
 SCHEDULE 13G/A
Page 9 of  13 Pages

 

Item 1.(a) Name of Issuer

Berry Corporation (bry)

Item 1.(b) Address of Issuer’s Principal Executive Offices

16000 N. Dallas Parkway, Suite 500, Dallas, Texas 75248

Item 2.(a, b, c) Names of Person Filing, Address of Principal Business Office, Citizenship:

CarVal Investors, LP, a Delaware limited liability company, 1601 Utica Avenue South, Suite 1000, Minneapolis, MN, 55416.

CVI AA Lux Securities S.à r.l, a Luxembourg entity, c/o Carval Investors, L.P., 1601 Utica Avenue South, Suite 1000, Minneapolis, MN, 55416

CVI AV Lux Securities S.à r.l, a Luxembourg entity, c/o Carval Investors, L.P., 1601 Utica Avenue South, Suite 1000, Minneapolis, MN, 55416

CVI CVF III Lux Securities S.à r.l, a Luxembourg entity, c/o Carval Investors, L.P.,1601 Utica Avenue South, Suite 1000, Minneapolis, MN, 55416

CVI CVF IV Lux Securities S.à r.l, a Luxembourg entity, c/o Carval Investors, L.P., 1601 Utica Avenue South, Suite 1000, Minneapolis, MN, 55416

CVIC Lux Securities Trading S.à r.l, a Luxembourg entity, c/o Carval Investors, L.P., 1601 Utica Avenue South, Suite 1000, Minneapolis, MN, 55416

CarVal CGF Lux Securities S.à r.l, a Luxembourg entity, c/o Carval Investors, L.P.,1601 Utica Avenue South, Suite 1000, Minneapolis, MN, 55416

  

Item 2.(d) Title of Class of Securities

Common Stock, par value $0.001 per share (the “Common Stock”)

 

Item 2.(e) CUSIP No.:

08579X101

 

CUSIP No.  08579X101
 SCHEDULE 13G/A
Page 10 of 13 Pages

 

 

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

  (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
 
  (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
 
  (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
 
  (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
 
  (e) o An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
 
  (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
 
  (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
 
  (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
  (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
  (j) ¨ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
 
  (k) ¨ A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:                            
     

 

Not Applicable

 

 

CUSIP No. 08579X101
 SCHEDULE 13G/A
Page 11 of 13 Pages

 

 

Item 4. Ownership

Information with respect to the Reporting Persons' ownership of the Common Stock as of December 31, 2021, is incorporated by reference to items (5) - (9) and (11) of the cover page of the respective Reporting Person.

The amount beneficially owned by each Reporting Person is determined based on 80,007,149 shares of Common Stock outstanding as of December 31 2021, as the reported on Bloomberg.

Item 5. Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ].

Item 6. Ownership of More Than Five Percent on Behalf of Another Person

Not Applicable.

Item 7. Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person

Not Applicable.

Item 8. Identification and Classification of Members of the Group

Not Applicable.

Item 9. Notice of Dissolution of Group 

Not Applicable.

Item 10. Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 
CUSIP No. 08579X101
 SCHEDULE 13G/A
Page 12 of 13 Pages

 

 

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.

 

Dated: February 14, 2022

 

 

 

  CarVal Investors, LP

       
  By:  /s/ Matthew Bogart
    Matthew Bogart, General Counsel and Chief Compliance Officer
       
 

CVI AA Lux Securities S.à r.l

       
  By:  /s/ Cécile Gadisseur
    Cécile Gadisseur, Manager
       
 

CVI AV Lux Securities S.à r.l

       
  By:  /s/ Cécile Gadisseur
    Cécile Gadisseur, Manager
       
 

CVI CVF III Lux Securities S.à r.l

       
  By:  /s/ Cécile Gadisseur
    Cécile Gadisseur, Manager
       
 

CVI CVF IV Lux Securities S.à r.l

       
  By:  /s/ Cécile Gadisseur
    Cécile Gadisseur, Manager
       
 

CVIC Lux Securities Trading S.à r.l

       
  By:  /s/ Cécile Gadisseur
    Cécile Gadisseur, Manager
       
 

CarVal CGF Lux Securities S.à r.l

       
  By:  /s/ Cécile Gadisseur
    Cécile Gadisseur, Manager
       

 
CUSIP No. 08579X101
 SCHEDULE 13G/A
Page 13 of 13 Pages

 

Exhibit I

 

JOINT FILING STATEMENT

 

PURSUANT TO RULE 13d-1(k)

 

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G/A, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G/A, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

 

Dated: February 14, 2022

 

  CarVal Investors, LP

       
  By:  /s/ Matthew Bogart
    Matthew Bogart, General Counsel and Chief Compliance Officer
       
 

CVI AA Lux Securities S.à r.l

       
  By:  /s/ Cécile Gadisseur
    Cécile Gadisseur, Manager
       
 

CVI AV Lux Securities S.à r.l

       
  By:  /s/ Cécile Gadisseur
    Cécile Gadisseur, Manager
       
 

CVI CVF III Lux Securities S.à r.l

       
  By:  /s/ Cécile Gadisseur
    Cécile Gadisseur, Manager
       
 

CVI CVF IV Lux Securities S.à r.l

       
  By:  /s/ Cécile Gadisseur
    Cécile Gadisseur, Manager
       
 

CVIC Lux Securities Trading S.à r.l

       
  By:  /s/ Cécile Gadisseur
    Cécile Gadisseur, Manager
       
 

CarVal CGF Lux Securities S.à r.l

       
  By:  /s/ Cécile Gadisseur
    Cécile Gadisseur, Manager