UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
09-30-2021
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
CONTRARIAN CAPITAL MANAGEMENT, L.L.C.
Address:
411 West Putnam Avenue
Suite 425
Greenwich, CT 06830
Form 13F File Number:
028-10718

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Jon R. Bauer
Title:
Managing Member
Phone:
203-862-8200


Signature, Place, and Date of Signing:

/s/ Jon R. Bauer
                         [Signature]
Greenwich, CONNECTICUT
                 [City, State]
11-12-2021
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
1
Form 13F Information table Entry Total:
20
Form 13F Information table Value Total:
559001
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

No.Form 13F File NumberNameCIK
1
028-18769
Contrarian Emerging Markets, L.P.
0001458862


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ARCH RESOURCES INCCL A03940R10766,232714,094SHSOLE714,094 0 0
CARNIVAL CORPUNIT 99/99/99991436583002,501100,000SHSOLE100,000 0 0
CENTURY CASINOS INCCOM1564921007,994593,466SHSOLE593,466 0 0
CHESAPEAKE ENERGY CORPCOM1651677351,72728,033SHSOLE28,033 0 0
CLEAR CHANNEL OUTDOOR HLDGSCOM18453H10612,7024,687,175SHSOLE4,687,175 0 0
COREPOINT LODGING INCCOM21872L10416,4131,058,896SHSOLE1,058,896 0 0
DELTA AIR LINES INC DELCOM NEW2473617022,63161,741SHSOLE61,741 0 0
GERDAU SASPON ADR REP PFD373737105113,68423,106,487SHSOLE23,106,487 0 0
GOL LINHAS AEREAS INTELIGENTSPON ADR PFD NEW38045R2066,044792,109SHSOLE792,109 0 0
IHEARTMEDIA INCCOM CL A45174J50932,0751,281,963SHSOLE1,281,963 0 0
INTERNATIONAL SEAWAYS INCCOMY410531022,068113,525SHSOLE113,525 0 0
MACYS INCCOM55616P1045,044223,194SHSOLE223,194 0 0
NOBLE CORP NEWSHSG6610J2095,547205,000SHSOLE205,000 0 0
PETROLEO BRASILEIRO SA PETROSP ADR NON VTG71654V10150050,000SHSOLE50,000 0 0
PETROLEO BRASILEIRO SA PETROSPONSORED ADR71654V40881,3707,869,465SHSOLE7,869,465 0 0
SAFEGUARD SCIENTIFICS INCCOM NEW7864492076,224700,898SHSOLE700,898 0 0
TERNIUM SASPONSORED ADS88089010840,175949,758SHSOLE949,758 0 0
VALARIS LIMITEDCL AG9460G10122,852655,151SHSOLE655,151 0 0
VALE S ASPONSORED ADS91912E105119,3108,552,708SHSOLE8,552,708 0 0
VEDANTA LIMITEDSPONSORED ADR92242Y10013,908910,225SHSOLE910,225 0 0