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    SEC Form SC 13G/A filed by StealthGas Inc. (Amendment)

    2/13/24 4:59:03 PM ET
    $GASS
    Marine Transportation
    Consumer Discretionary
    Get the next $GASS alert in real time by email
    SC 13G/A 1 d624821dsc13ga.htm SC 13G/A SC 13G/A

    CUSIP No. Y81669106

     

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    SCHEDULE 13G

    Under the Securities Exchange Act of 1934

    (Amendment No. 5)*

     

     

    STEALTHGAS INC.

    (Name of Issuer)

    Common Stock, par value $0.01 per share

    (Title of Class of Securities)

    Y81669106

    (CUSIP Number)

    December 31, 2023

    (Date of Event which Requires Filing of this Statement)

     

     

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

    ☐ Rule 13d-1(b)

    ☒ Rule 13d-1(c)

    ☐ 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 (the “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. Y81669106

     

     1   

     NAMES OF REPORTING PERSONS

     

     MSD Partners, L.P.

     2  

     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

     (a) ☒  (b) ☐

     

     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

     

     -0-

       7   

     SOLE DISPOSITIVE POWER

     

     -0-

       8   

     SHARED DISPOSITIVE POWER

     

     -0-

     9   

     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

     -0-

    10  

     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

     

     ☐

    11  

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

     -0-

    12  

     TYPE OF REPORTING PERSON*

     

     PN


    CUSIP No. Y81669106

     

     1   

     NAMES OF REPORTING PERSONS

     

     MSD Credit Opportunity Master Fund, L.P.

     2  

     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

     (a) ☒  (b) ☐

     

     3  

     SEC USE ONLY

     

     4  

     CITIZENSHIP OR PLACE OF ORGANIZATION

     

     Cayman Islands

    NUMBER OF

    SHARES

    BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH

       5    

     SOLE VOTING POWER

     

     -0-

       6   

     SHARED VOTING POWER

     

     -0-

       7   

     SOLE DISPOSITIVE POWER

     

     -0-

       8   

     SHARED DISPOSITIVE POWER

     

     -0-

     9   

     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     

     -0-

    10  

     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

     

     ☐

    11  

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     

     -0-

    12  

     TYPE OF REPORTING PERSON*

     

     PN


    CUSIP No. Y81669106

     

    Item 1(a)

    Name of Issuer:

    The name of the issuer is StealthGas Inc. (the “Company”).

     

    Item 1(b)

    Address of Issuer’s Principal Executive Offices:

    The Company’s principal executive office is located at 331 Kifissias Avenue, Erithrea 14561, Athens, Greece.

     

    Item 2(a)

    Name of Person Filing:

    This Schedule 13G is being jointly filed by and on behalf of each of MSD Partners, L.P. (“MSD Partners”) and MSD Credit Opportunity Master Fund, L.P. (collectively, the “Reporting Persons”). MSD Credit Opportunity Master Fund, L.P. is the direct owner of the securities covered by this statement.

    MSD Partners is the investment manager of, and may be deemed to beneficially own securities beneficially owned by, MSD Credit Opportunity Master Fund, L.P. MSD Partners (GP), LLC (“MSD GP”) is the general partner of, and may be deemed to beneficially own securities beneficially owned by, MSD Partners. Gregg R. Lemkau maintains investment discretion over this investment and therefore may be deemed to beneficially own securities beneficially owned by MSD GP.

    The Reporting Persons have entered into a Joint Filing Agreement, dated February 13, 2024, a copy of which is filed with this filing as Exhibit 99.1, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act.

    Neither the filing of this statement nor anything herein shall be construed as an admission that any person other than the Reporting Persons is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.

     

    Item 2(b)

    Address of Principal Business Office or, if none, Residence:

    The address of the principal business office of each of MSD Partners and MSD Credit Opportunity Master Fund, L.P. is One Vanderbilt Avenue, 26th Floor, New York, New York 10017.


    CUSIP No. Y81669106

     

    Item 2(c)

    Citizenship:

    MSD Partners is organized as a limited partnership under the laws of the State of Delaware.

    MSD Credit Opportunity Master Fund, L.P. is a limited partnership organized under the laws of the Cayman Islands.

     

    Item 2(d)

    Title of Class of Securities:

    Common Stock, par value $0.01 per share

     

    Item 2(e)

    CUSIP No.:

    Y81669106

     

    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:

    Not Applicable.


    CUSIP No. Y81669106

     

    Item 4

    Ownership:

     

      A.

    MSD Partners, L.P.

     

      (a)

    Amount beneficially owned: -0-

     

      (b)

    Percent of class: -0-

     

      (c)

    Number of shares as to which such person has:

     

      (i)

    Sole power to vote or direct the vote: -0-

     

      (ii)

    Shared power to vote or direct the vote: -0-

     

      (iii)

    Sole power to dispose or direct the disposition: -0-

     

      (iv)

    Shared power to dispose or direct the disposition: -0-

     

      B.

    MSD Credit Opportunity Master Fund, L.P.

     

      (a)

    Amount beneficially owned: -0-

     

      (b)

    Percent of class: -0-

     

      (c)

    Number of shares as to which such person has:

     

      (i)

    Sole power to vote or direct the vote: -0-

     

      (ii)

    Shared power to vote or direct the vote: -0-

     

      (iii)

    Sole power to dispose or direct the disposition: -0-

     

      (iv)

    Shared power to dispose or direct the disposition: -0-

     

      C.

    MSD Partners (GP), LLC

     

      (a)

    Amount beneficially owned: -0-

     

      (b)

    Percent of class: -0-

     

      (c)

    Number of shares as to which such person has:

     

      (i)

    Sole power to vote or direct the vote: -0-

     

      (ii)

    Shared power to vote or direct the vote: -0-

     

      (iii)

    Sole power to dispose or direct the disposition: -0-

     

      (iv)

    Shared power to dispose or direct the disposition: -0-

     

      D.

    Gregg R. Lemkau

     

      (a)

    Amount beneficially owned: -0-

     

      (b)

    Percent of class: -0-

     

      (c)

    Number of shares as to which such person has:

     

      (i)

    Sole power to vote or direct the vote: -0-

     

      (ii)

    Shared power to vote or direct the vote: -0-

     

      (iii)

    Sole power to dispose or direct the disposition: -0-

     

      (iv)

    Shared power to dispose or direct the disposition: -0-


    CUSIP No. Y81669106

     

    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 each of the Reporting Persons has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [x].

     

    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, other than activities solely in connection with a nomination under § 240.14a-11.


    CUSIP No. Y81669106

     

    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.

     

    Date: February 13, 2024      
    MSD Partners, L.P.     MSD Credit Opportunity Master Fund, L.P.
    By:   MSD Partners (GP), LLC     By:   MSD Partners, L.P.
    Its:   General Partner     Its:   Investment Manager
    By:   /s/ Robert K. Simonds     By:   MSD Partners (GP), LLC
    Name:   Robert K. Simonds     Its:   General Partner
    Title:   Authorized Signatory      
          By:   /s/ Robert K. Simonds
          Name:   Robert K. Simonds
          Title:   Authorized Signatory


    CUSIP No. Y81669106

     

    EXHIBIT INDEX

     

    Exhibit

      

    Description of Exhibit

    99.1    Joint Filing Agreement dated February 13, 2024
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