0001140361-12-007761.txt : 20120214 0001140361-12-007761.hdr.sgml : 20120214 20120214115228 ACCESSION NUMBER: 0001140361-12-007761 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120214 DATE AS OF CHANGE: 20120214 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Greektown Superholdings, Inc. CENTRAL INDEX KEY: 0001487685 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] 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: 12605008 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: 410 PARK AVENUE, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-284-4300 MAIL ADDRESS: STREET 1: 410 PARK AVENUE, 11TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 formsc13g.htm SOLUS ALTERNATIVE ASSET MANAGEMENT SC 13G 12-31-2011 formsc13g.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)

December 31, 2011

(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
  
     
291,0001
OWNED BY
      
       
EACH 
(7)    SOLE DISPOSITIVE POWER
  
     
N/A 
REPORTING 
      
       
PERSON WITH
(8)  SHARED DISPOSITIVE POWER
  
   
291,0002
 
(9)
AGGREGATE AMOUNT BENEFICIALLY OWNED 
  
 
BY EACH REPORTING PERSON 
  
   
291,0003
     
(10) 
CHECK BOX IF THE AGGREGATE AMOUNT 
  
 
IN ROW (9) EXCLUDES CERTAIN SHARES **  
o
     
(11) 
PERCENT OF CLASS REPRESENTED 
  
 
BY AMOUNT IN ROW (9) 
  
   
19.88%

 (12)
TYPE OF REPORTING PERSON **
  
   
IA
     
 
3 See Footnote 1.
 
 
 
 
 
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
   
(4)
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Delaware
 
NUMBER OF 
(5)    SOLE VOTING POWER
  
     
N/A 
SHARES
      
       
BENEFICIALLY
(6)    SHARED VOTING POWER
  
     
291,0004
OWNED BY
      
       
EACH 
(7)    SOLE DISPOSITIVE POWER
  
     
N/A 
REPORTING 
      
       
PERSON WITH
(8)  SHARED DISPOSITIVE POWER
  
   
291,0005
 
(9)
AGGREGATE AMOUNT BENEFICIALLY OWNED 
  
 
BY EACH REPORTING PERSON 
  
   
291,0006
     
(10) 
CHECK BOX IF THE AGGREGATE AMOUNT 
  
 
IN ROW (9) EXCLUDES CERTAIN SHARES **  
o
     
(11) 
PERCENT OF CLASS REPRESENTED 
  
 
BY AMOUNT IN ROW (9) 
  
   
19.88%

 (12)
TYPE OF REPORTING PERSON **
  
   
OO
     
 
5 See Footnote 4.
6 See Footnote 4.
 
 
 
 
 
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
   
(4)
CITIZENSHIP OR PLACE OF ORGANIZATION
 
United States of America
 
NUMBER OF 
(5)    SOLE VOTING POWER
  
     
N/A 
SHARES
      
       
BENEFICIALLY
(6)    SHARED VOTING POWER
  
     
291,0007
OWNED BY
      
       
EACH 
(7)    SOLE DISPOSITIVE POWER
  
     
N/A 
REPORTING 
      
       
PERSON WITH
(8)  SHARED DISPOSITIVE POWER
  
   
291,0008
 
(9)
AGGREGATE AMOUNT BENEFICIALLY OWNED 
  
 
BY EACH REPORTING PERSON 
  
   
291,0009
     
(10) 
CHECK BOX IF THE AGGREGATE AMOUNT 
  
 
IN ROW (9) EXCLUDES CERTAIN SHARES **  
o
     
(11) 
PERCENT OF CLASS REPRESENTED 
  
 
BY AMOUNT IN ROW (9) 
  
   
19.88%
     
 (12)
TYPE OF REPORTING PERSON **
  
   
IN
     
 
8 See Footnote 7.
9 See Footnote 7.
 
 
 
 
 
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 the direct holder of the shares of preferred shares as reported herein with respect to the shares of Series A-1 Convertible Preferred Stock;

(ii) Solus GP LLC, a Delaware limited liability company (the “GP”), which serves as the general partner to the Investment Manager, with respect to the shares of Series A-1 Convertible Preferred Stock; and

(iii) Mr. Christopher Pucillo (“Mr. Pucillo”), a United States citizen, who serves as the managing member to the GP with respect to the shares of Series A-1 Convertible Preferred Stock.

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:
 
 
410 Park Avenue, 11th Floor, New York, NY  10022

Item 2(c).
Citizenship:  Delaware
 
Item 2(d).
Title of Class of Securities:  Series A-1 Convertible Preferred Stock
 
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. [ ]
 
Item 4.
Ownership.
 
     (a) Amount beneficially owned: 291,00010
     (b) Percent of class: 19.88%
     (c) (i)  Sole power to vote or direct the vote: N/A
          (ii)  Shared power to vote or direct the vote: 291,00011
          (iii) Sole power to dispose or direct the disposition: N/A
          (iv) Shared power to dispose or direct the disposition: 291,00012
 
 
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 discribed in Rule 13d-5(b)(1) of the Securities Exchange of 1934, as amended.
 
 
 
 
 
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: February 14, 2012  
     
 
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