-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PhLWJSLqJsgiTy6HSFghSuRKDVEDA4B7Fjwin8bHy0dagLOW/8Y1v3FrcOF7zhKA LdpIaRa/siBDXZTyTtToIg== 0001140361-10-029190.txt : 20100713 0001140361-10-029190.hdr.sgml : 20100713 20100713133125 ACCESSION NUMBER: 0001140361-10-029190 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20100713 DATE AS OF CHANGE: 20100713 GROUP MEMBERS: CHRISTOPHER PUCILLO GROUP MEMBERS: SOLUS GP LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Greektown Superholdings, Inc. CENTRAL INDEX KEY: 0001487685 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS AMUSEMENT & RECREATION [7990] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-85556 FILM NUMBER: 10949909 BUSINESS ADDRESS: STREET 1: 555 EAST LAFAYETTE CITY: DETROIT STATE: MI ZIP: 48226 BUSINESS PHONE: 3132232999 MAIL ADDRESS: STREET 1: 555 EAST LAFAYETTE CITY: DETROIT STATE: MI ZIP: 48226 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Solus Alternative Asset Management LP CENTRAL INDEX KEY: 0001407737 IRS NUMBER: 260173326 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 430 PARK AVENUE CITY: NEW YORK, NY STATE: NY ZIP: 10022 BUSINESS PHONE: 212-284-4300 MAIL ADDRESS: STREET 1: 430 PARK AVENUE CITY: NEW YORK, NY STATE: NY ZIP: 10022 SC 13G 1 form13g.htm SOLUS ALTERNATIVE ASSET MANAGEMENT LP SC 13G 6-30-2010 form13g.htm


SECURITIES & EXCHANGE COMMISSION
Washington, D.C. 20549
______________________

SCHEDULE 13G*
(Rule 13d-102)
 
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)

Greektown Superholdings, Inc.
(Name of Issuer)

Series A-1 Convertible Preferred Stock
(Title of Class of Securities)

392485207
(CUSIP Number)
 
June 30, 2010

(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:

x  Rule 13d-1(b)
o  Rule 13d-1(c)
o  Rule 13d-1(d)

(Page 1 of 6 Pages)
________________
*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).
 


 
 

 
 
CUSIP No. 392485207
13G
Page 2 of 8 Pages

(1)
NAMES OF REPORTING PERSONS
 
I.R.S. IDENTIFICATION NO.
 
OF ABOVE PERSONS (ENTITIES ONLY)
 
Solus Alternative Asset Management LP
   
(2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 
(a)  o
 
(b)  x
   
(3)
SEC USE ONLY
   
(4)
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
   

NUMBER OF
(5)
SOLE VOTING POWER
     
N/A
SHARES
     
       
BENEFICIALLY
(6)
SHARED VOTING POWER
     
291,000
OWNED BY
     
       
EACH
(7)
SOLE DISPOSITIVE POWER
     
N/A
REPORTING
     
 
(8)
   
PERSON WITH
 
SHARED DISPOSITIVE POWER
     
291,000
       

(9)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
291,000
     
(10)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES **
   
o
     
(11)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
19.9%
     
(12)
TYPE OF REPORTING PERSON **
   
IA
     

 
 

 
 
CUSIP No. 392485207
13G
Page 3 of 8 Pages

(1)
NAMES OF REPORTING PERSONS
 
I.R.S. IDENTIFICATION NO.
 
OF ABOVE PERSONS (ENTITIES ONLY)
 
Solus GP LLC
   
(2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 
(a)  o
 
(b)  x
   
(3)
SEC USE ONLY
   
(5)
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
   

NUMBER OF
(5)
SOLE VOTING POWER
 
     
N/A
SHARES
     
       
BENEFICIALLY
(6)
SHARED VOTING POWER
 
     
291,000
OWNED BY
     
       
EACH
(7)
SOLE DISPOSITIVE POWER
 
     
N/A
REPORTING
     
       
PERSON WITH
(8)
SHARED DISPOSITIVE POWER
 
     
291,000
       

(9)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
291,000
     
(10)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES **
   
o
     
(11)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
19.9%
     
(12)
TYPE OF REPORTING PERSON **
   
OO

 
 

 
 
CUSIP No. 392485207
13G
Page 4 of 8 Pages

(1)
NAMES OF REPORTING PERSONS
 
I.R.S. IDENTIFICATION NO.
 
OF ABOVE PERSONS (ENTITIES ONLY)
 
Christopher Pucillo
   
(2)
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
 
(a)  o
 
(b)  x
   
(3)
SEC USE ONLY
   
(6)
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States of America
   

 
NUMBER OF
(5)
SOLE VOTING POWER
     
N/A
SHARES
     
       
BENEFICIALLY
(6)
SHARED VOTING POWER
     
291,000
OWNED BY
     
       
EACH
(7)
SOLE DISPOSITIVE POWER
     
N/A
REPORTING
     
       
PERSON WITH
(8)
SHARED DISPOSITIVE POWER
     
291,000
       

(9)
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
291,000
     
(10)
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES **
   
o
     
(11)
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
19.9%
     
(12)
TYPE OF REPORTING PERSON **
   
IN
     
 
 
 

 
 
CUSIP No. 392485207
13G
Page 5 of 8 Pages

Item 1(a).
Name of Issuer:  Greektown Superholdings, Inc.

Item 1(b).
Address of Issuer's Principal Executive Offices:

555 East Lafayette, Detroit, Michigan 48226

Item 2(a). 
Name of Person Filing:

This statement is filed by:
(i) Solus Alternative Asset Management LP, a Delaware limited partnership registered with the Securities and Exchange Commission (the “SEC’), which serves as the investment manager (the “Investment Manager”) to certain investment funds and accounts, including Solus Core Opportunities Master Fund Ltd and Sola Ltd. (the Funds), the direct holders of the Series A-1 Convertible Preferred Stock reported herein;

(ii) Solus GP, LLC, a Delaware limited liability company (the “GP”), which serves as the general partner to the Investment Manager; and

(iii) Mr. Christopher Pucillo (“Mr. Pucillo”), a United States citizen, who serves as the managing member to the GP.

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).
Address of Principal Business Office or, if None, Residence:

430 Park Avenue, 9th Floor, New York, NY  10022

Item 2(c).
Citizenship:  Delaware

Item 2(d).
Title of Class of Securities:  Series A-1 Convertible Preferred Stock (the "Preferred Stock").  The Preferred Stock was issued by the Issuer as more fully described in the Issuer's Form 8-K filed by the Issuer on July 2, 2010.  As more fully described in the Certificate of Incorporation of the Issuer, which is field as an exhibit to the Issuer's Form 10 filed by the Issuer on March 31, 2010, the Preferred Stock is convertible into Series A-1 Common Stock of the Issuer six months after issuance (and sooner under certain specified circumstances) and has ten votes per share of Series A-1 Common Stock into which it is convertible.
 
Item 2(e).
CUSIP Number:   392485207     

 
 

 
 
CUSIP No. 392485207
13G
Page 6 of 8 Pages

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:

 
(a)
o
Broker or dealer registered under Section 15 of the Act,

 
(b)
o
Bank as defined in Section 3(a)(6) of the Act,

 
(c)
o
Insurance Company as defined in Section 3(a)(19) of the Act,

 
(d)
o
Investment Company registered under Section 8 of the Investment Company Act of 1940,

 
(e)
x
Investment Adviser in accordance with Rule 13d-1 (b)(1)(ii)(E),

 
(f)
o
Employee Benefit Plan or Endowment Fund in accordance with 13d-1 (b)(1)(ii)(F),

 
(g)
o
Parent Holding Company or control person in accordance with Rule 13d-1 (b)(1)(ii)(G),

 
(h)
o
Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act,

 
(i)
o
Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940,

 
(j)
o
Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

If this statement is filed pursuant to Rule 13d-1(c), check the box. o

Item 4.
Ownership.

 
(a)
Amount beneficially owned: 291,000
 
(b)
Percent of class: 19.9%
 
(c)
(i)
Sole power to vote or direct the vote: N/A
 
(ii)
Shared power to vote or direct the vote: 291,000
 
(iii)
Sole power to dispose or direct the disposition: N/A
 
(iv)
Shared power to dispose or direct the disposition: 291,000

 
 

 
 
CUSIP No. 392485207
13G
Page 7 of 8 Pages

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.

N/A

Item 6.
Ownership of More than Five Percent on Behalf of Another Person.

See Item 2(a)


Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.

N/A

Item 8.
Identification and Classification of Members of the Group.

N/A

Item 9.
Notice of Dissolution of Group.

N/A

Item 10.
Certification.

The Reporting Person hereby makes the following certification:

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.

 
 

 
 
CUSIP No. 392485207
13G
Page 8 of 8 Pages

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: July 12, 2010
     
 
By:
/s/ Christopher Pucillo
   
Christopher Pucillo
   
individually and as managing member of Solus GP LLC, for itself and as the general partner of Solus Alternative Asset Management LP
 
 

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