Major owner of Key Energy Services just declared owning 2,245,994 shares of Key Energy Services

Inc. Blackrock, a major owner of Key Energy Services, has just filed an initial statement of beneficial ownership where 2,245,994 shares of Key Energy Services were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Blackrock. Blackrock operates out of New York, NY. Some additional info was provided as follows:

The registered holders of the shares of common stock reported in this Form 3 are the following funds and accounts under management by investment adviser subsidiaries of BlackRock, Inc: (i) TCP Waterman CLO, LLC, (ii) Tennenbaum Energy Opportuntities Co, LLC, (iii) Tennenbaum Enhanced Yield Operating I, LLC, (iv) Tennenbaum Senior Loan Fund V, LLC, and (v) Tennenbaum Senior Loan Ope rating III, LLC (collectively, the "Direct Holders"). None of the Direct Holders beneficially owns in excess of 5% of the outstanding common stock of the Issuer. BlackRock, Inc. is the ultimate indirect parent holding company of the investment advisors of the Direct Holders and may be deemed to have indirect beneficial ownership of such shares. (Continued from footnote 1) On behalf of such Direct Holders, the applicable portfolio managers, as managing directors (or in other capacities) of such entities, and/or the applicable investment committee members of such funds and accounts, have voting and investment power over the shares held by the funds and accounts which are the registered holders of the referenced shares. Such portfolio managers and/or investment committee members expressly disclaim beneficial ownership of all shares held by such funds and accounts. The address of such funds and accounts, such investment adviser subsidiaries and such portfolio managers and/or investment committee members is either 55 East 52nd Street, New York, NY 10055 or 2951 28th Street, Santa Monica, CA 90405.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Entry into a Material Definitive - May 22, 2020
Key Energy Services Just Filed Its Quarterly Report: EARNINGS (LOSS) PER ... - May 15, 2020
Key Energy Services, Inc - May 14, 2020

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