Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G*
(Rule 13d-102)
Under the Securities Exchange Act of 1934
(Amendment No. 3)
Oi S.A. – In Judicial Reorganization
(Name of Issuer)
Common Shares
Preferred Shares
(Title of Class of Securities)
Common Shares: BROIBRACNOR1**
Preferred Shares: BROIBRACNPR8***
(CUSIP Number)
December 31, 2020
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:
☒ |
Rule 13d-1(b)
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☐ |
Rule 13d-1(c)
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☐ |
Rule 13d-1(d)
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*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 purposes 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).
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13G
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Common Shares: BROIBRACNOR1 Preferred Shares:
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BROIBRACNPR8
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Page 2 of 8 Pages
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1
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NAMES OF REPORTING PERSONS
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Solus Alternative Asset Management LP
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☒
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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N/A
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6
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SHARED VOTING POWER
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171,377,905 Common Shares1
0 Preferred Shares
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7
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SOLE DISPOSITIVE POWER
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N/A
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8
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SHARED DISPOSITIVE POWER
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171,377,905 Common Shares1
0 Preferred Shares
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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171,377,905 Common Shares1
0 Preferred Shares
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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2.97% of Common Shares1
0% of Preferred Shares
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IA
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1 The 171,377,905 Common Shares beneficially owned consist of 34,275,581 American Depositary Shares, each representing five (5)
Common Shares (the “Common Share ADSs”).
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13G
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Common Shares: BROIBRACNOR1 Preferred Shares:
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BROIBRACNPR8
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Page 3 of 8 Pages
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1
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NAMES OF REPORTING PERSONS
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Solus GP LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☒
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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N/A
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6
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SHARED VOTING POWER
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171,377,905 Common Shares1
0 Preferred Shares
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SOLE DISPOSITIVE POWER
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N/A
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8
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SHARED DISPOSITIVE POWER
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171,377,905 Common Shares1
0 Preferred Shares
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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171,377,905 Common Shares1
0 Preferred Shares
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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2.97% of Common Shares1
0% of Preferred Shares
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO
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13G
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Common Shares: BROIBRACNOR1 Preferred Shares:
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BROIBRACNPR8
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Page 4 of 8 Pages
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1
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NAMES OF REPORTING PERSONS
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Christopher Pucillo
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☒
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States of America
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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N/A
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SHARED VOTING POWER
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171,377,905 Common Shares1
0 Preferred Shares
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7
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SOLE DISPOSITIVE POWER
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N/A
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8
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SHARED DISPOSITIVE POWER
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171,377,905 Common Shares1
0 Preferred Shares
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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171,377,905 Common Shares1
0 Preferred Shares
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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2.97% of Common Shares1
0% of Preferred Shares
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN
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13G
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Common Shares: BROIBRACNOR1 Preferred Shares:
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BROIBRACNPR8
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Page 5 of 8 Pages
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Item 1(a). |
Name of Issuer:
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Item 1(b). |
Address of Issuer’s Principal Executive Offices:
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Rua Humberto de Campos 425, 8th floor, Leblon, 22430-190 Rio de Janeiro, RJ, Federative Republic of Brazil
Item 2(a). |
Name of Person Filing:
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This statement is filed by:
(ii) |
(iii) |
The foregoing persons are hereinafter sometimes collectively referred to as the “Reporting Persons.” Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.
Item 2(b). |
410 Park Avenue, 11th Floor, New York, NY 10022
Item 2(c). |
Citizenship:
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(i) |
Investment Manager: Delaware;
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(ii) |
GP: Delaware; and
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(iii) |
Mr. Pucillo: United States of America.
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Item 2(d). |
Title of Class of Securities:
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Common Shares, without par value (the “Common Shares”), and Preferred Shares, without par value (the “Preferred Shares”).
Item 2(e). |
CUSIP Number:
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Item 3. |
If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
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(a) |
☐ | Broker or dealer registered under Section 15 of the Act, |
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13G
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Common Shares: BROIBRACNOR1 Preferred Shares:
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BROIBRACNPR8
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Page 6 of 8 Pages
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(j) |
☐ | Non-U.S. institution in accordance with Rule 13d- 1(b)(1)(ii)(J); |
(k) |
☐ | Group, in accordance with Rule 13d-1(b)(1)(ii)(J). |
If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:
Item 4. |
Ownership.
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The percentages used herein and in the rest of this Schedule 13G as of December 31, 2020 are calculated based upon 5,796,478,000 Common Shares (including Common Shares represented by Common Share ADSs)
issued and outstanding as reported in the Issuer’s Report of Foreign Private Issuer on Form 6-K filed with the Securities and Exchange Commission on November 17, 2020.
(a) |
Amount beneficially owned: 171,377,905 Common Shares and 0 Preferred Shares
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(b) |
Percent of class: 2.97% of Common Shares and 0% of Preferred Shares
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(c) |
(i) |
Sole power to vote or direct the vote: N/A |
(ii) |
Shared power to vote or direct the vote: 171,377,905 Common Shares and 0 Preferred Shares
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(iii) |
Sole power to dispose or direct the disposition: N/A
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(iv) |
Shared power to dispose or direct the disposition: 171,377,905 Common Shares and 0 Preferred Shares
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The Common Shares reported herein are held through an aggregate of 34,275,581 Common Share ADSs (each of which represents five (5) Common Shares).
Each Reporting Person hereby expressly disclaims beneficial ownership in the securities reported in this Schedule 13G and membership in a “group” as that term is described in Rule 13d-5(b)(1) of the
Securities Exchange Act of 1934, as amended.
Item 5. |
Ownership of Five Percent or Less of a Class.
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If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owners 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.
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N/A
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13G
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Common Shares: BROIBRACNOR1 Preferred Shares:
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BROIBRACNPR8
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Page 7 of 8 Pages
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Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
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N/A
Item 8. |
Identification and Classification of Members of the Group.
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N/A
Item 9. |
Notice of Dissolution of Group.
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N/A
Item 10. |
Certification.
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.
SIGNATURES
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.
Date: February 16, 2021
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By:
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/s/ Christopher Pucillo | ||
Christopher Pucillo
individually and as managing member of
Solus GP LLC
for itself and as the general partner of
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Solus Alternative Asset Management LP
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