0000904454-14-000666.txt : 20140924
0000904454-14-000666.hdr.sgml : 20140924
20140924203739
ACCESSION NUMBER: 0000904454-14-000666
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140922
FILED AS OF DATE: 20140924
DATE AS OF CHANGE: 20140924
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HC2 Holdings, Inc.
CENTRAL INDEX KEY: 0001006837
STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
IRS NUMBER: 541708481
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 460 HERNDON PARKWAY
STREET 2: SUITE 150
CITY: HERNDON
STATE: VA
ZIP: 20170
BUSINESS PHONE: 703-456-4100
MAIL ADDRESS:
STREET 1: 460 HERNDON PARKWAY
STREET 2: SUITE 150
CITY: HERNDON
STATE: VA
ZIP: 20170
FORMER COMPANY:
FORMER CONFORMED NAME: PTGi HOLDING, INC.
DATE OF NAME CHANGE: 20131108
FORMER COMPANY:
FORMER CONFORMED NAME: PRIMUS TELECOMMUNICATIONS GROUP INC
DATE OF NAME CHANGE: 19960814
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SALEM PAUL J
CENTRAL INDEX KEY: 0001084356
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35210
FILM NUMBER: 141119354
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: NELSON JONATHAN M
CENTRAL INDEX KEY: 0001035233
STATE OF INCORPORATION: RI
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35210
FILM NUMBER: 141119355
MAIL ADDRESS:
STREET 1: C/O WESTERN WIRELESS CORP
STREET 2: 3650 131ST AVE SE #400
CITY: BELLEVUE
STATE: WA
ZIP: 98006
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Gahan Thomas
CENTRAL INDEX KEY: 0001610124
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35210
FILM NUMBER: 141119356
MAIL ADDRESS:
STREET 1: 9 WEST 57TH STREET, SUITE 4700
CITY: NEW YORK
STATE: NY
ZIP: 10019
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: CREAMER GLENN M
CENTRAL INDEX KEY: 0001084355
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35210
FILM NUMBER: 141119357
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Providence Equity Capital Markets L.L.C.
CENTRAL INDEX KEY: 0001564222
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35210
FILM NUMBER: 141119358
BUSINESS ADDRESS:
STREET 1: 9 WEST 57TH STREET, SUITE 4700
CITY: NEW YORK
STATE: NY
ZIP: 10019
BUSINESS PHONE: 212-588-6700
MAIL ADDRESS:
STREET 1: 9 WEST 57TH STREET, SUITE 4700
CITY: NEW YORK
STATE: NY
ZIP: 10019
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Benefit Street Partners LLC
CENTRAL INDEX KEY: 0001543160
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35210
FILM NUMBER: 141119359
BUSINESS ADDRESS:
STREET 1: 9 WEST 57TH STREET, SUITE 4700
CITY: NEW YORK
STATE: NY
ZIP: 10019
BUSINESS PHONE: 401-751-1700
MAIL ADDRESS:
STREET 1: 9 WEST 57TH STREET, SUITE 4700
CITY: NEW YORK
STATE: NY
ZIP: 10019
4
1
edgar.xml
PRIMARY DOCUMENT
X0306
4
2014-09-22
0001006837
HC2 Holdings, Inc.
HCHC
0001543160
Benefit Street Partners LLC
9 WEST 57TH STREET
SUITE 4700
NEW YORK
NY
10019
0
0
1
0
0001564222
Providence Equity Capital Markets L.L.C.
9 WEST 57TH STREET
SUITE 4700
NEW YORK
NY
10019
0
0
1
0
0001035233
NELSON JONATHAN M
50 KENNEDY PLAZA
18TH FLOOR
PROVIDENCE
RI
02903
0
0
1
0
0001084356
SALEM PAUL J
50 KENNEDY PLAZA
18TH FLOOR
PROVIDENCE
RI
02903
0
0
1
0
0001084355
CREAMER GLENN M
50 KENNEDY PLAZA
18TH FLOOR
PROVIDENCE
RI
02903
0
0
1
0
0001610124
Gahan Thomas
9 WEST 57TH STREET
SUITE 4700
NEW YORK
NY
10019
0
0
1
0
Series A Convertible Participating Preferred Stock
2014-09-22
4
H
0
5611.5
D
Common Stock
1320353
0
I
By Providence Debt Fund L.P.
Series A Convertible Participating Preferred Stock
2014-09-22
4
H
0
2988.5
D
Common Stock
703176
0
I
By Providence Debt Fund III Master (Non-US) L.P.
Series A Convertible Participating Preferred Stock
2014-09-22
4
H
0
2937.5
D
Common Stock
691176
0
I
By PECM Strategic Funding L.P.
Series A Convertible Participating Preferred Stock
2014-09-22
4
H
0
962.5
D
Common Stock
226471
0
I
By Benefit Street Partners SMA LM L.P.
Series A Convertible Participating Preferred Stock
2014-09-22
4
P
0
5611.5
A
Common Stock
1407863
5611.5
I
By Providence Debt Fund L.P.
Series A Convertible Participating Preferred Stock
2014-09-22
4
P
0
2988.5
A
Common Stock
749781
2988.5
I
By Providence Debt Fund III Master (Non-US) L.P.
Series A Convertible Participating Preferred Stock
2014-09-22
4
P
0
2937.5
A
Common Stock
736986
2937.5
I
By PECM Strategic Funding L.P.
Series A Convertible Participating Preferred Stock
2014-09-22
4
P
0
962.5
A
Common Stock
241481
962.5
I
By Benefit Street Partners SMA LM L.P.
The two transactions reported in Table II above relate to an amendment to the terms of the outstanding shares of Series A Convertible Participating Preferred Stock to, among other things, reduce the initial conversion price from $4.25 per share to $4.00 per share, in each case subject to adjustment in accordance with the terms of the Series A Convertible Participating Preferred Stock. This amendment to the terms of the Series A Convertible Participating Preferred Stock is reported on this Form 4 as the cancellation of the "old" shares of Series A Convertible Participating Preferred Stock and the acquisition of "new" shares of Series A Convertible Participating Preferred Stock.
The shares are held by Providence Debt Fund III L.P., Providence Debt Fund III Master (Non-US) L.P., PECM Strategic Funding L.P. and Benefit Street Partners SMA LM L.P. (collectively, the "Providence Funds"). Benefit Street Partners L.L.C. ("BSP") is the investment manager of each of Providence Debt Fund III L.P., Providence Debt Fund III Master (Non-US) L.P. and Benefit Street Partners SMA LM L.P. Providence Equity Capital Markets L.L.C. ("PECM") is the investment manager of PECM Strategic Funding L.P. Messrs. Creamer, Gahan, Nelson and Salem collectively control each of BSP and PECM through their indirect ownership of membership interests of BSP and PECM (continued in footnote 3).
(continued from footnote 2) As a result, each of Messrs. Creamer, Gahan, Nelson and Salem and BSP may be deemed to share beneficial ownership of the shares held by each of Providence Debt Fund III L.P., Providence Debt Fund III Master (Non-US) L.P. and Benefit Street Partners SMA LM L.P., and each of Messrs. Creamer, Gahan, Nelson and Salem and PECM may be deemed to share beneficial ownership of the shares held by the Providence Funds, except to the extent of its or his pecuniary interest therein.
The Series A Convertible Participating Preferred Stock is convertible at the option of the holder of the security and will be convertible at the option of the Company, beginning on the third anniversary of the date of issuance, in each case at the then applicable conversion rate. The conversion rate is generally determined by dividing the then applicable accrued value of a share of Series A Convertible Participating Preferred Stock by the then applicable conversion price.
Represents 12,500 shares of Series A Convertible Participating Preferred Stock at the original conversion rate of approximately 235.294
Represents 12,500 shares of Series A Convertible Participating Preferred Stock at the adjusted conversion rate of approximately 250.889. This adjusted conversion rate reflects the change to the conversion price described in footnote 1 above as well as the receipt on July 15, 2014 of a quarterly accreting dividend on the shares of Series A Convertible Participating Preferred Stock that is payable by means of an increase in the accrued value of each outstanding share of Series A Convertible Participating Preferred Stock.
Par value $0.001 per share.
/s/ Bryan R. Martoken, Authorized Signatory, Benefit Street Partners L.L.C.
2014-09-24
/s/ Bryan R. Martoken, Authorized Signatory, Providence Equity Capital Markets L.L.C.
2014-09-24
/s/ Jonathan M. Nelson
2014-09-24
/s/ Paul J. Salem
2014-09-24
/s/ Glenn M. Creamer
2014-09-24
/s/ Thomas J. Gahan
2014-09-24