-----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, GXETF9eOQSRFucjokhuUCVnIe1UGxIcR/tbIAgs+peDYelO9U1o+mWyZ+EvzCIP7 oMcLTQLJdkR0nShfHPefVA== 0001104659-04-010980.txt : 20040422 0001104659-04-010980.hdr.sgml : 20040422 20040422172347 ACCESSION NUMBER: 0001104659-04-010980 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040422 GROUP MEMBERS: ACOF OPERATING MANAGER, L.P. GROUP MEMBERS: ARES CORPORATE OPPORTUNITIES FUND, L.P. GROUP MEMBERS: ARES II MANAGEMENT, L.P. GROUP MEMBERS: ARES LEVERAGED INVESTMENT FUND II, L.P. GROUP MEMBERS: ARES LEVERAGED INVESTMENT FUND, L.P. GROUP MEMBERS: ARES MANAGEMENT LLC GROUP MEMBERS: ARES MANAGEMENT, INC. GROUP MEMBERS: ARES MANAGEMENT, L.P. GROUP MEMBERS: ARES OPERATING MEMBER II, LLC GROUP MEMBERS: ARES OPERATING MEMBER, LLC GROUP MEMBERS: ARES PARENT OPERATING MEMBER II, LLC GROUP MEMBERS: ARES PARTNERS MANAGEMENT COMPANY, LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: SAMSONITE CORP/FL CENTRAL INDEX KEY: 0000914478 STANDARD INDUSTRIAL CLASSIFICATION: LEATHER & LEATHER PRODUCTS [3100] IRS NUMBER: 363511556 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-47327 FILM NUMBER: 04748913 BUSINESS ADDRESS: STREET 1: 11200 EAST 45TH AVENUE CITY: DENVER STATE: CO ZIP: 80239 BUSINESS PHONE: 3033732000 MAIL ADDRESS: STREET 1: 11200 EAST 45TH AVENUE CITY: DENVER STATE: CO ZIP: 80239 FORMER COMPANY: FORMER CONFORMED NAME: ASTRUM INTERNATIONAL CORP DATE OF NAME CHANGE: 19931105 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ACOF MANAGEMENT LP CENTRAL INDEX KEY: 0001230743 IRS NUMBER: 412056095 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 1999 AVE OF THE AMERICAS STREET 2: SUITE 1900 CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 3102014100 MAIL ADDRESS: STREET 1: 1999 AVE OF THE AMERICAS STREET 2: SUITE 1900 CITY: LOS ANGELES STATE: CA ZIP: 90067 SC 13D/A 1 a04-4677_1sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE
COMMISSION

 

 

Washington, D.C. 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)

Under the Securities Exchange Act of 1934
(Amendment No. 3)*

SAMSONITE CORPORATION

(Name of Issuer)

 

Common Stock

(Title of Class of Securities)

 

79604v105

(CUSIP Number)

 

Kevin Frankel
ACOF Management, L.P.
1999 Avenue of the Stars, Suite 1900
Los Angeles, California  90067
(310) 201-4100

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

April 19, 2004

(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 §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7(b) for other parties to whom copies are to be sent.


* 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 (“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.   79604v105

 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
ACOF Management, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
116,629,263

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
116,629,263

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
116,629,263

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
34.6%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

2



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Ares Corporate Opportunities Fund, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
WC

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
116,629,263

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
116,629,263

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
116,629,263

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   ý

 

 

13.

Percent of Class Represented by Amount in Row (11)
34.6%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

3



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
ACOF Operating Manager, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
116,629,263

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
116,629,263

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
116,629,263

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
34.6%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

4



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Ares Leveraged Investment Fund, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
82,183,070

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
82,183,070

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
82,183,070

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
34.2%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

5



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Ares Management, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
82,183,070

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
82,183,070

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
82,183,070

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
34.2%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

6



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Ares Operating Member, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
82,183,070

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
82,183,070

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
82,183,070

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
34.2%

 

 

14.

Type of Reporting Person (See Instructions)
OO

 

7



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Ares Leveraged Investment Fund II, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
22,011,007

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
22,011,007

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
22,011,007

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
9.3%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

8



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Ares II Management, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
22,011,007

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
22,011,007

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
22,011,007

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
9.3%

 

 

14.

Type of Reporting Person (See Instructions)
PN

 

9



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Ares Operating Member II, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
22,011,007

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
22,011,007

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
22,011,007

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
9.3%

 

 

14.

Type of Reporting Person (See Instructions)
OO

 

10



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Ares Parent Operating Member II, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
22,011,007

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
22,011,007

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
22,011,007

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
9.3%

 

 

14.

Type of Reporting Person (See Instructions)
OO

 

11



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Ares Management, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
220,823,340

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
220,823,340

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
220,823,340

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
60.7%

 

 

14.

Type of Reporting Person (See Instructions)
CO

 

12



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Ares Management LLC

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
220,823,340

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
220,823,340

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
220,823,340

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
60.7%

 

 

14.

Type of Reporting Person (See Instructions)
OO

 

13



 

 

1.

Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only)
Ares Partners Management Company, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 ý

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
-0-

 

8.

Shared Voting Power
220,823,340

 

9.

Sole Dispositive Power
-0-

 

10.

Shared Dispositive Power
220,823,340

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
220,823,340

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
60.7%

 

 

14.

Type of Reporting Person (See Instructions)
OO

 

14



 

Item 1.

Security and Issuer

This Amendment No. 3 (this “Amendment”) amends and supplements, pursuant to Rule 13d-2(a), the Schedule 13D (the “Schedule 13D”) of ACOF Management, L.P., a Delaware limited partnership (“ACOF Management”), filed with the Securities and Exchange Commission on May 1, 2003 and amended by Amendment No. 1 filed on August 5, 2003 and Amendment No. 2 filed on August 29, 2003.  This Amendment relates to the Common Stock, par value $0.01 per share (“Common Stock”), and 2003 Convertible Preferred Stock, par value $0.01 per share (“Preferred Stock”), of Samsonite Corporation, a Delaware  corporation (the “Issuer”). The principal executive offices of the Issuer are located at 11200 East 45th Avenue, Denver, Colorado 80239.

 

 

Item 2.

Identity and Background

 

 

Item 3 is hereby amended to add the following:

Item 3.

Source and Amount of Funds or Other Consideration

On March 11, 2004, Ares Corporate Opportunities Fund, L.P., a Delaware limited partnership (“ACOF”), purchased 576 shares of Preferred Stock for aggregate consideration equal to $546,680.00.  Then, on April 19, 2004, ACOF, purchased 1,174 additional shares of Preferred Stock and 4,100,047 shares of Common Stock, at a purchase price of $2,681,481.21.  The working capital of ACOF was the source of the funds for both purchases.

 

 

Item 4 is hereby amended to add the following:

Item 4.

Purpose of Transaction

(a)  On March 11, 2004, ACOF purchased 576 shares of Preferred Stock for aggregate consideration equal to $546,680.00 and on April 19, 2004, ACOF acquired 1,174 additional shares of Preferred Stock and 4,100,047 shares of Common Stock, at a purchase price of $2,681,481.21 (the “Purchases”).  ACOF acquired the Preferred Stock in the Secondary Purchase for investment purposes.

(b), (c), (d), (e), (f) and (g) Not applicable.

Item 5 is hereby amended to add the following:

Item 5.

Interest in Securities of the Issuer

(a)-(b)  ACOF is the direct beneficial owner of (i) 4,110,047 shares of Common Stock and (ii) 44,636 shares of Preferred Stock, convertible into an aggregate of 112,519,216 shares of Common Stock, which is calculated by dividing the face value and accrued dividends on the Preferred Stock, through April 19, 2004, by the conversion price of the Preferred Stock, which is

 

15



 

$0.42 (the “Conversion Price”).  The Common Stock and Preferred Stock, on an as-converted basis, beneficially owned by ACOF is equal to approximately 34.6% of the outstanding Common Stock of the Issuer, assuming conversion of all the Preferred Stock owned by ACOF.  The Common Stock and Preferred Stock, on an as-converted basis, beneficially owned by ACOF is equal to approximately 18.6% of the outstanding Common Stock of the Issuer, assuming conversion of all the outstanding Preferred Stock of the Issuer.  Each of (i) ACOF, (ii) ACOF Management, as the general partner of ACOF, (iii) ACOF Operating Manager, L.P. (“ACOF Operating”), as the general partner of ACOF Management and the manager of ACOF, (iv) Ares Management, Inc., as the general partner of ACOF Operating, (v) Ares Management LLC (“Ares LLC”), as the direct or indirect beneficial owner of all of the partnership interests of ACOF Operating and (vi) Ares Partners Management Company, LLC (“Ares Partners Management”), as the direct or indirect beneficial owner all of the outstanding membership interests of Ares LLC, may be deemed to have the shared power to vote and dispose of the shares of Common Stock and Preferred Stock owned by ACOF.  The working capital of ACOF was the source of the funds for the Purchases.  No part of the purchase price paid by ACOF was represented by funds or other consideration borrowed or otherwise obtained for the purpose of acquiring, holding, trading or voting the Preferred Stock held by ACOF.

Ares Leveraged Investment Fund, L.P. (“Ares I”) is the direct beneficial owner of (i) 66,667,178 shares of Common Stock and (ii) a warrant to purchase 15,515,892 shares of Common Stock, which warrant is exercisable within 60 days of April 21, 2004.  The Common Stock and Warrant, assuming the Warrant is fully-exercised, beneficially owned by Ares I is equal to approximately 34.2% of the outstanding Common Stock of the Issuer, assuming none of the outstanding Preferred Stock has been converted.  The Common Stock and Warrant, assuming the Warrant is fully-exercised, beneficially owned by Ares I is equal to approximately 12.8% of the outstanding Common Stock of the Issuer, assuming conversion of all the outstanding Preferred Stock of the Issuer.  Each of (i) Ares I, (ii) Ares Management, L.P. (“Ares Management”), as manager of Ares I, (iii) Ares Operating Member, LLC, as general partner of Ares Management, (iv) Ares LLC, and (v) Ares Partners Management, may be deemed to have the shared power to vote and dispose of shares of Common Stock owned by Ares I.

Ares Leveraged Investment Fund II, L.P. (“Ares II”) is the direct beneficial owner of (i) 11,088,304 shares of Common Stock, and (ii) 4,333 shares of Preferred Stock, convertible into an aggregate of 10,922,703 shares of Common Stock, which is calculated by dividing the face value and accrued dividends on the Preferred Stock, through April 19, 2004, by the Conversion Price.  The Common Stock and Preferred Stock, on an as-converted basis, beneficially owned by Ares II is equal to approximately 9.3% of the outstanding Common Stock of the Issuer, assuming conversion of all the Preferred Stock owned by Ares II.  The Common Stock and Preferred Stock, on an as-converted basis, beneficially owned by Ares II is equal to approximately 3.5% of the outstanding Common Stock of the Issuer, assuming conversion of all the outstanding Preferred Stock of the Issuer.  Each of (i) Ares II, (ii) Ares II Management, L.P. (“Ares II Management”), as manager of Ares II, (iii) Ares Operating Member II, LLC (“Ares II Operating”), as general partner of Ares II Management, (iv) Ares Parent Operating Member II, LLC, as sole member of Ares II Operating, (v) Ares LLC, and (vi) Ares Partners Management Company, LLC, may be deemed to have the shared power to vote and dispose of shares of Common Stock and Preferred Stock owned by Ares II.

 

16



 

The filing of this statement shall not be construed as an admission that any entity is the beneficial owner of any securities covered by this Amendment.

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

 

 

Item 7.

Material to Be Filed as Exhibits

 

 

 

17



 

Signature

After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this Schedule 13D is true, complete and correct.

 

Dated as of this 21st day of April, 2004.

 

ACOF MANAGEMENT, L.P.

 

 

By:

/s/ Kevin Frankel

 

Name:   Kevin Frankel

Title:    General Counsel

 

ARES CORPORATE OPPORTUNITIES FUND, L.P.

 

 

By:

/s/ Kevin Frankel

 

Name:   Kevin Frankel

Title:    General Counsel

 

ARES LEVERAGED INVESTMENT FUND, L.P.

 

 

By:

/s/ Kevin Frankel

 

Name:   Kevin Frankel

Title:    General Counsel

 

ARES MANAGEMENT, L.P.

 

 

By:

/s/ Kevin Frankel

 

Name:   Kevin Frankel

Title:    General Counsel

 

18



 

ARES II MANAGEMENT, L.P.

 

 

By:

/s/ Kevin Frankel

 

Name:   Kevin Frankel

Title:    General Counsel

 

ARES LEVERAGED INVESTMENT FUND II, L.P.

 

 

By:

/s/ Kevin Frankel

 

Name:   Kevin Frankel

Title:    General Counsel

 

ACOF OPERATING MANAGER, L.P.

 

 

By:

/s/ Kevin Frankel

 

Name:   Kevin Frankel

Title:    General Counsel

 

 

ARES OPERATING MEMBER, LLC

 

 

By:

/s/ Kevin Frankel

 

Name:   Kevin Frankel

Title:    General Counsel

 

 

ARES OPERATING MEMBER II, LLC

 

 

By:

/s/ Kevin Frankel

 

Name:   Kevin Frankel

Title:    General Counsel

 

19



 

ARES PARENT OPERATING MEMBER II, LLC

 

 

By:

/s/ Kevin Frankel

 

Name:   Kevin Frankel

Title:    General Counsel

 

 

ARES PARTNERS MANAGEMENT COMPANY, LLC

 

 

By:

/s/ Kevin Frankel

 

Name:   Kevin Frankel

Title:    General Counsel

 

 

ARES MANAGEMENT, LLC

 

 

By:

/s/ Kevin Frankel

 

Name:   Kevin Frankel

Title:    General Counsel

 

 

ARES MANAGEMENT, INC

 

 

By:

/s/ Kevin Frankel

 

Name:   Kevin Frankel

Title:    General Counsel

 

20


-----END PRIVACY-ENHANCED MESSAGE-----