-----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, NvvRhLYkcxIZatpV+nPUTyWbdWlJlSYEHw4/9qDWjKhJzEdAvn1wTzORMhOat++u NdUFn16nfzFZ0Dhy+TTtqA== 0000919574-05-002136.txt : 20050611 0000919574-05-002136.hdr.sgml : 20050611 20050610161856 ACCESSION NUMBER: 0000919574-05-002136 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050610 DATE AS OF CHANGE: 20050610 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MILACRON INC CENTRAL INDEX KEY: 0000716823 STANDARD INDUSTRIAL CLASSIFICATION: SPECIAL INDUSTRY MACHINERY, NEC [3559] IRS NUMBER: 311062125 STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40853 FILM NUMBER: 05890190 BUSINESS ADDRESS: STREET 1: 2090 FLORENCE AVENUE STREET 2: PO BOX 63716 CITY: CINCINNATI STATE: OH ZIP: 45206 BUSINESS PHONE: 5134875000 MAIL ADDRESS: STREET 1: 2090 FLORENCE AVENUE STREET 2: P.O. BOX 63716 CITY: CINCINNATI STATE: OH ZIP: 45206 FORMER COMPANY: FORMER CONFORMED NAME: CINCINNATI MILACRON INC /DE/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CINCINNATI MILACRON HOLDINGS INC DATE OF NAME CHANGE: 19830503 FORMER COMPANY: FORMER CONFORMED NAME: CINCINNATI MILLING MACHINE CO DATE OF NAME CHANGE: 19600201 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TRIAGE CAPITAL LF GROUP, LLC CENTRAL INDEX KEY: 0001309751 IRS NUMBER: 201560784 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 401 CITY AVENUE, SUITE 800 CITY: BALA CYNWYD STATE: PA ZIP: 19004 BUSINESS PHONE: 610-668-0404 MAIL ADDRESS: STREET 1: 401 CITY AVENUE, SUITE 800 CITY: BALA CYNWYD STATE: PA ZIP: 19004 FORMER COMPANY: FORMER CONFORMED NAME: Triage Capital LF Group LLC DATE OF NAME CHANGE: 20041124 SC 13D/A 1 d576872_13d-a.txt WASHINGTON, DC 20549 ---------------- SCHEDULE 13D (Rule 13d-101) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a) (Amendment No. 2)(1) Milacron Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Shares, par value $.01 (the "Common Shares") - -------------------------------------------------------------------------------- (Title of Class of Securities) 598709103 - -------------------------------------------------------------------------------- (CUSIP Number) Triage Capital LF Group, LLC 491 City Avenue Suite 800 Bala Cynwyd, PA 19004 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 1, 2005 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of This Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [_]. Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent. - ---------- (1) 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 disclosures provided in a prior cover page. The information required on 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 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. 598709103 --------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Triage Capital LF Group, LLC (1) 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [_] 3. SEC USE ONLY 4. SOURCE OF FUNDS* OO 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 7,142,857(2) 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 7,142,857(2) 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,142,857(2) 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.54% 14. TYPE OF REPORTING PERSON* OO - ---------- (1) Triage Capital LF Group, LLC ("Triage Capital") acts as the general partner to Triage Management, L.P. (f/k/a Triage Management, L.L.C.), which was the Reporting Person that filed the initial Schedule 13D relating to the Common Shares of the Issuer dated June 21, 2004 and Amendment No. 1 thereafter dated June 25, 2004 and which acts as the general partner and investment manager to various private investment funds and separately managed accounts in whose accounts a portion of the reported securities are held. Triage Capital also serves as general partner to Triage Advisors, L.P. (f/k/a Triage Advisors, L.L.C.), which serves as the investment manager to Triage Offshore Fund, Ltd, in whose account a portion of the reported securities are held. Leonid Frenkel is the managing member of Triage Capital, Triage Management, L.P. and Triage Advisors, L.P. (2) Shares reported are shares of Common Shares on an as-converted basis (see Item 1 and Item 3 below). See Item 3 below for a description of the contractual relationship with the issuer with respect to 7,142,857 shares of Common Shares (on an as-converted basis). *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 598709103 --------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Triage Advisors, L.P. (f/k/a Triage Advisors, L.L.C.) 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [_] 3. SEC USE ONLY 4. SOURCE OF FUNDS* OO 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 5,014,286(2) 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 5,014,286(2) 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,014,286(2) 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.81% 14. TYPE OF REPORTING PERSON* OO *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 598709103 --------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Triage Offshore Fund, Ltd. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [x] 3. SEC USE ONLY 4. SOURCE OF FUNDS* WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 5,014,286(2) 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 5,014,286(2) 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,014,286(2) 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.81% 14. TYPE OF REPORTING PERSON* CO CUSIP No. 598709103 --------------------- 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Leonid Frenkel 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_] (b) [x] 3. SEC USE ONLY 4. SOURCE OF FUNDS* PF, OO 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] 6. CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON 7. SOLE VOTING POWER 0 8. SHARED VOTING POWER 7,142,857(2) 9. SOLE DISPOSITIVE POWER 0 10. SHARED DISPOSITIVE POWER 7,142,857(2) 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 7,142,857(2) 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.54% 14. TYPE OF REPORTING PERSON* IN, HC *SEE INSTRUCTIONS BEFORE FILLING OUT! CUSIP No. 598709103 --------------------- - -------------------------------------------------------------------------------- Item 1. Security and Issuer. This statement relates to 62,500 shares of the 6.0% Series B Convertible Preferred Stock (the "Series B Convertible Preferred Stock") issued by Milacron Inc. ("Milacron") to Glencore Finance AG ("Glencore Finance") and Mizuho International plc ("Mizuho International"), respectively, which are immediately convertible into up to 6,250,000 shares of Milacron's common shares, par value $.01 per share (the "Common Shares") and were transferred to Triage Capital LF Group, LLC, Triage Advisors, L.P., Triage Offshore Fund, Ltd. and Leonid Frenkel (collectively, the "Reporting Persons") as further described in Item 3. Among other things, each share of Series B Convertible Preferred Stock (i) has a liquidation preference of $200, (ii) is convertible into 100 shares of Common Shares at a price of $2.00 per share of Common Shares (subject to reset to $1.75 per share of Common Shares as described in further detail below), and (iii) entitles the holder thereof to vote on all matters put to a vote of stockholders of Milacron, voting together with the holders of Common Shares and existing preferred stock of Milacron as a single class. Milacron's principal offices are located at 2090 Florence Avenue, Cincinnati, Ohio 45206. - -------------------------------------------------------------------------------- Item 2. Identity and Background. (a) This statement is filed by the entities and persons listed below, all of whom worked together are referred to herein as the "Reporting Persons." (i) Triage Capital LF Group, LLC As described above, Triage Capital LF Group, LLC, a Delaware limited liability company, serves as the general partner of Triage Management, L.P. (f/k/a Triage Management, L.L.C.), which serves as the general partner to Triage Capital Management, L.P. and Triage Capital Management B, L.P., each a Delaware limited partnership. Moreover, Triage Capital LF Group LLC serves as the general partner to Triage Advisors, L.P, which serves as the investment manager to Triage Offshore Fund, Ltd. (ii) Triage Advisors, L.P. (f/k/a Triage Advisors, L.L.C.) Triage Advisors L.P., a Delaware partnership serves as the investment manager of Triage Offshore Fund, Ltd., a Cayman Islands exempted company with respect to the Common Shares held by the foregoing entities. (iii) Triage Offshore Fund, Ltd. Triage Offshore Fund, Ltd. is a Cayman Islands exempted corporation. (iv) Leonid Frenkel Leonid Frenkel ("Frenkel"), the managing member of Triage Capital LF Group, LLC. (b) The address of the principal business and principal office of Triage Capital LF Group, LLC, Triage Advisors, L.P. and Frenkel is 401 City Avenue, Suite 800, Bala Cynwyd, PA 19004. The address of the principal business office of Triage Offshore Fund, Ltd. is c/o BNY Alet, Hamilton, HM11 Bermuda. (c) The principal business of Triage Advisors, L.P. is to act as the investment manager of Triage Offshore Fund, Ltd. The principal business of Triage Capital LF Group, LLC is to act as the general partner of Triage Management, L.P., which acts as the general partner of Triage Capital Management, L.P. and Triage Capital Management B, L.P. and to act as an advisor to Triage Advisors, L.L.C. The principal business of Frenkel is serving as the managing member of Triage Capital LF Group, LLC. (d) None of the Reporting Persons has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). (e) None of the Reporting Persons has, during the last five years, been party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) The citizenship of Triage Capital LF Group, LLC, Triage Advisors, L.P. and Triage Offshore Fund, Ltd. is set forth above. Frenkel is a citizen of the United States. - -------------------------------------------------------------------------------- Item 3. Source and Amount of Funds or Other Consideration. On March 12, 2004, Milacron, Glencore Finance and Mizuho International entered into a definitive agreement whereby Glencore Finance and Mizuho International provided Milacron with $100,000,000 to be used, among other things, to repay Milacron's 8.375% Notes due March 15, 2004 (the "Refinancing Transaction"). In connection with the Refinancing Transaction, Milacron, Glencore Finance and Mizuho International entered into that certain Note Purchase Agreement (the "Note Purchase Agreement"), pursuant to which (i) Glencore Finance purchased $21,000,000 in aggregate principal amount of 20% Secured Step-Up Series A Notes (the "Series A Notes") and $49,000,000 in aggregate principal amount of 20% Secured Step-Up Series B Notes due 2007 (the "Series B Notes", and together with the Series A Notes, the "Notes") with funds obtained pursuant to an inter-company loan from Glencore International, and (ii) Mizuho International purchased $9,000,000 in aggregate principal amount of Series A Notes and $21,000,000 in aggregate principal amount of Series B Notes with its investment capital. Reference is made to the Schedule 13D filed by Glencore and Mizuho on March 22, 2004 for a description of certain additional material terms and conditions relating to the Refinancing Transaction and the Note Purchase Agreement. Further reference is made to Amendment No. 1 to the Schedule 13D filed by the Reporting Persons on June 21, 2004 for a description of certain transactions that occurred subsequent to the Refinancing Transaction. - -------------------------------------------------------------------------------- Item 4. Purpose of Transaction. The purpose of this Amendment 2 to Schedule 13D is to reflect the acquisition by the Reporting Persons of the Series B Convertible Preferred Stock. The acquisition was for investment purposes. (a-j) The Reporting Persons intend to continue to evaluate Milacron's business, financial condition, results of operations, capital structure, management, stock market performance, competitive outlook and other relevant factors. None of the Reporting Persons, except to the extent the foregoing may be deemed a plan or proposal, has any plans or proposals which relate to, or could result in, any of the matters referred to in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D. The Reporting Persons may, at any time and from time to time, review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto. - -------------------------------------------------------------------------------- Item 5. Interest in Securities of the Issuer. (a) Triage Capital LF Group, LLC (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for Triage Capital LF Group, LLC is incorporated herein by reference. (c) Not applicable. (d) Frenkel is the managing member of Triage Capital LF Group, LLC. (e) Not applicable. (b) Triage Advisors, L.P. (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for Triage Advisors, L.P. is incorporated herein by reference. (c) Not applicable. (d) Frenkel is the managing member of Triage Advisors, L.P. (e) Not applicable. (c) Triage Offshore Fund, Ltd. (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for Triage Offshore Fund, Ltd. is incorporated herein by reference. (c) Not applicable. (d) Triage Advisors, L.P. is the investment manager of Triage Offshore Fund, Ltd. (e) Not applicable. (d) Frenkel (a),(b) The information set forth in Rows 7 through 13 of the cover page hereto for Frenkel is incorporated herein by reference. (c) Not applicable. (d) Not applicable. (e) Not applicable. - -------------------------------------------------------------------------------- Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. Except as described above, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons or between such persons and any other person with respect to any securities of Milacron, including but not limited to the transfer or voting of any securities of Milacron, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, divisions of profits or loss, or the giving or withholding of proxies. - -------------------------------------------------------------------------------- Item 7. Material to be Filed as Exhibits. There is filed herewith as Exhibit 1 a written agreement relating to the filing of joint acquisition statements as required by Section 240.13d-1(k) under the Securities Exchange Act of 1934, as amended. - -------------------------------------------------------------------------------- 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. Triage Capital LF Group, LLC* By: /s/ Leonid Frenkel --------------------- Leonid Frenkel Managing Member Triage Advisors, L.P.* By: /s/ Leonid Frenkel --------------------- Leonid Frenkel Managing Member Triage Offshore Fund, Ltd.* By: /s/ Leonid Frenkel --------------------- Leonid Frenkel Director /s/ Leonid Frenkel* --------------------- Leonid Frenkel Date: June 10, 2005 * The Reporting Persons disclaim beneficial ownership in the Common Shares, except to the extent of his or its pecuniary interest therein. The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with this statement, provided, however, that a power of attorney, for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent. Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001). EXHIBIT INDEX - ------- ----- EXHIBIT 1 Joint Acquisition Statement Pursuant to Section 240.13d1(k) EXHIBIT 1 - --------- Joint Acquisition Statement Pursuant to Section 240.13d1(k) The undersigned acknowledge and agree that the foregoing statement on Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is inaccurate. Triage Capital LF Group, LLC By: /s/ Leonid Frenkel --------------------- Leonid Frenkel Managing Member Triage Advisors, L.P. By: /s/ Leonid Frenkel --------------------- Leonid Frenkel Managing Member Triage Offshore Fund, Ltd.* By: /s/ Leonid Frenkel --------------------- Leonid Frenkel Director /s/ Leonid Frenkel* --------------------- Leonid Frenkel Date: June 10, 2005 03108.0006 #576872 -----END PRIVACY-ENHANCED MESSAGE-----