MARATHON ASSET MANAGEMENT LP bought ATIP

January 30, 2024 · Form 4 insider transaction

MARATHON ASSET MANAGEMENT LP bought 8,000 shares of ATIP at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 9 days after the transaction.

Direction
Acquired (buy-side)
Shares
8,000
Price
$0.00
Total value
N/A
Role
CompanyATIP
SecuritySeries B Preferred Stock
Transaction codeA: Grant or award
Transaction dateJanuary 30, 2024
Filing dateFebruary 8, 2024
Shares owned after49,725
OwnershipIndirect
10b5-1 planNo
AmendedNo

Footnotes

Reflects the issuance of shares of Series B Preferred Stock by the Issuer to the Marathon Funds (as defined below) on January 30, 2024 in connection with the issuance of the Delayed Draw Notes (as described below) in accordance with the terms of that certain Note Purchase Agreement, dated as of April 17, 2023 (as subsequently amended (the "NPA").; Marathon Asset Management, L.P. ("Marathon"), as the investment manager of each of MAM PT, LLC ("MAM"), MCSP SUB LLC ("Empire"), Marathon Distressed Credit Master Fund ("MDCF") and Marathon Stepstone Master Fund LP ("StepStone" and, together with MAM, Empire, MDCF, the "Marathon Funds"), has the sole power to vote and direct the disposition of all the reported securities held by the Marathon Funds. Accordingly, Marathon may be deemed to beneficially own such reported securities. The general partner of Marathon is Marathon Asset Management GP, L.L.C. Bruce Richards and Louis Hanover are the managing members of Marathon Asset Management GP, L.L.C. and, thus, may be deemed to beneficially own the reported securities held by the Marathon Funds. This report is not an admission that any Reporting Person beneficially owns the reported securities. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

View the original Form 4 on SEC EDGAR