0001011438-12-000257.txt : 20120730 0001011438-12-000257.hdr.sgml : 20120730 20120730162215 ACCESSION NUMBER: 0001011438-12-000257 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120730 DATE AS OF CHANGE: 20120730 GROUP MEMBERS: CASPIAN CAPITAL ADVISORS LLC GROUP MEMBERS: CASPIAN CREDIT ADVISORS LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MPG Office Trust, Inc. CENTRAL INDEX KEY: 0001204560 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 953581408 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79154 FILM NUMBER: 12993907 BUSINESS ADDRESS: STREET 1: 355 SOUTH GRAND AVENUE STREET 2: SUITE 3300 CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-626-3300 MAIL ADDRESS: STREET 1: 355 SOUTH GRAND AVENUE STREET 2: SUITE 3300 CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: MAGUIRE PROPERTIES INC DATE OF NAME CHANGE: 20021107 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CASPIAN CAPITAL LP CENTRAL INDEX KEY: 0001518999 IRS NUMBER: 900626905 STATE OF INCORPORATION: DE FISCAL YEAR END: 1211 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 767 FIFTH AVENUE, 45TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: (212) 826-6970 MAIL ADDRESS: STREET 1: 767 FIFTH AVENUE, 45TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10153 SC 13D/A 1 form_sc13da-mpgoffice.htm form_sc13da-mpgoffice.htm
 
UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934
(Amendment No. 6)*

MPG Office Trust, Inc.
(Name of Issuer)

7.625% Series A Cumulative Redeemable Preferred Stock, Par Value $.01 per share
 (Title of Class of Securities)

559775200
(CUSIP Number)

Richard D. Holahan, Jr.
Caspian Capital Advisors, LLC
Caspian Credit Advisors, LLC
Caspian Capital LP
767 5th Avenue
New York, NY 10153
(212) 826-6970
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

July 26, 2012
(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 Rule 13d-7 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).
 
 



 
 
 
Page 2 of 8 Pages

CUSIP No.                          559775200
   
 
                
                 
1
  
NAMES OF REPORTING PERSONS
 
Caspian Capital LP1
      
           
           
2
  
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
 
      
 
(a)  o
        
 
(b)  x
          
               
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
                                
                                       
 
7
  
SOLE VOTING POWER
                                
                                       
NUMBER OF
  
0
                                    
                                           
SHARES
8
  
SHARED VOTING POWER
                                    
BENEFICIALLY
                                          
OWNED BY
  
485,207
                                        
                                               
EACH
9
  
SOLE DISPOSITIVE POWER
                                        
REPORTING
                                              
PERSON
  
0
                                            
                                                   
WITH
10
  
SHARED DISPOSITIVE POWER
                                            
                                                   
   
485,207
                                                
                                                     
11
  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                                
                                                     
 
485,207
                                                    
                                                         
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)
                                                        
                                                             
 
4.99%
                                                            
                                                                 
14
  
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
                                                            
                                                                 
 
IA
                                                              
                                                                   

 
 
 
Page 3 of 8 Pages

CUSIP No.                          559775200
   
 
                
                 
1
  
NAMES OF REPORTING PERSONS
 
Caspian Capital Advisors, LLC1
      
           
           
2
  
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
 
      
 
(a)  o
        
 
(b)  x
          
               
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
                                
                                       
 
7
  
SOLE VOTING POWER
                                
                                       
NUMBER OF
  
0
                                    
                                           
SHARES
8
  
SHARED VOTING POWER
                                    
BENEFICIALLY
                                          
OWNED BY
  
142,062
                                        
                                               
EACH
9
  
SOLE DISPOSITIVE POWER
                                        
REPORTING
                                              
PERSON
  
0
                                            
                                                   
WITH
10
  
SHARED DISPOSITIVE POWER
                                            
                                                   
   
142,062
                                                
                                                     
11
  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                                
                                                     
 
142,062
                                                    
                                                         
12
  
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
                                                    
                                                         
 
x
                                                        
                                                             
13
  
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                                                        
                                                             
 
1.46%
                                                            
                                                                 
14
  
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
                                                            
                                                                 
 
OO
                                                              
 
 

 
 
 
Page 4 of 8 Pages

CUSIP No.                          559775200
 
  
 
                
                 
1
  
NAMES OF REPORTING PERSONS
 
Caspian Credit Advisors, LLC1
      
           
           
2
  
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
 
      
 
(a)  o
        
 
(b)  x
          
               
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
                                
                                       
 
7
  
SOLE VOTING POWER
                                
                                       
NUMBER OF
  
0
                                    
                                           
SHARES
8
  
SHARED VOTING POWER
                                    
BENEFICIALLY
                                          
OWNED BY
  
289,456
                                        
                                               
EACH
9
  
SOLE DISPOSITIVE POWER
                                        
REPORTING
                                              
PERSON
  
0
                                            
                                                   
WITH
10
  
SHARED DISPOSITIVE POWER
                                            
                                                   
   
289,456
                                                
                                                     
11
  
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                                
                                                     
 
289,456
                                                    
                                                         
12
  
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
                                                    
                                                         
 
x
                                                        
                                                             
13
  
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                                                        
                                                             
 
2.97%
                                                            
                                                                 
14
  
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
                                                            
                                                                 
 
OO
                                                              
_________________________
1  The shares described herein are held as follows: Caspian Capital Partners, L.P. (“Caspian Partners”), 142,062; Mariner LDC, 45,180; Caspian Select Credit Master Fund Ltd. (“Caspian Select”), 256,804, Caspian Solitude Master Fund LP, 22,252, Caspian HLSC1, LLC, 10,400, and certain other funds for which Caspian Capital LP provides investment management or investment advice, 8,509 (collectively, the “Accounts”). Prior to the date hereof a subsidiary of Caspian Select merged with and into Caspian Partners, with Caspian Partners being the surviving entity and a subsidiary of Caspian Select. Caspian Capital Advisors LLC retained a general partner interest in Caspian Partners representing all management and control powers and authority under the limited partnership agreement of Caspian Partners.

 
 
 
Page 5 of 8 Pages
 
 
This Schedule 13D/A (this “Amendment No. 6”) amends and supplements the Schedule 13D filed on November 29, 2010 (the “Original Schedule 13D”) as amended on January 7, 2011 (the “Amendment No. 1”), May 16, 2011 (the “Amendment No. 2”), August 8, 2011 (the “Amendment No. 3”), April 23, 2012 (the “Amendment No. 4”), and May 14, 2012 (the “Amendment No. 5” and together with the Original Schedule 13D, the Amendment No. 1, the Amendment No. 2, the Amendment No. 3, the Amendment No. 4 and the Amendment No. 5, the “Schedule 13D”) by Mariner Investment Group, LLC, Caspian Capital LP, Caspian Capital Advisors, LLC, and Caspian Credit Advisors, LLC with respect to the 7.625% Series A Cumulative Redeemable Preferred Stock, par value $.01 per share (the “Preferred Stock”) of MPG Office Trust, Inc., a Maryland corporation (the “Issuer”).
 
Item 5. Purpose of the Transaction.

Item 5 of the Schedule 13D is hereby amended and supplemented by the addition of the following:
 
The percentages used herein are calculated based upon an aggregate of 9,730,370 shares of Preferred Stock outstanding as of March 31, 2012, as reported in the Issuer’s Form 10-Q filed on May 10, 2012.

(a), (b) The information set forth in Rows 7 through 13 of the cover page hereto are hereby incorporated by reference.

(c) The Reporting Persons entered into transactions in the Preferred Stock within the last sixty days which are set forth on Schedule A hereto.
 
(d) No person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares.

(e) July 27, 2012.

Item 7. Material to be Filed as Exhibits.

Item 7 of the Schedule 13D is hereby amended and supplemented by the addition of the following:

Exhibit 3: Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Act.

 
 
 
 
Page 6 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 30, 2012

 
CASPIAN CAPITAL LP
   
 
By:        /s/ Richard D. Holahan, Jr.
 
             Name:  Richard D. Holahan, Jr.
 
             Title:    Authorized Signatory
   

 
CASPIAN CAPITAL ADVISORS, LLC
   
 
By:        /s/ Richard D. Holahan, Jr.
 
             Name:  Richard D. Holahan, Jr.
 
             Title:    Authorized Signatory
   

 
CASPIAN CREDIT ADVISORS, LLC
   
 
By:        /s/ Richard D. Holahan, Jr.
 
             Name:  Richard D. Holahan, Jr.
 
             Title:    Authorized Signatory
   



 

 
 
 
Page 7 of 8 Pages


 
Exhibit 3

JOINT FILING AGREEMENT
PURSUANT TO RULE 13D-1(k)1

The undersigned acknowledge and agree that the foregoing 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 filing agreements. 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 or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
 
Date:  July 30, 2012


 
CASPIAN CAPITAL LP
   
 
By:        /s/ Richard D. Holahan, Jr.
 
             Name:  Richard D. Holahan, Jr.
 
             Title:    Authorized Signatory
   

 
CASPIAN CAPITAL ADVISORS, LLC
   
 
By:        /s/ Richard D. Holahan, Jr.
 
             Name:  Richard D. Holahan, Jr.
 
             Title:    Authorized Signatory
   

 
CASPIAN CREDIT ADVISORS, LLC
   
 
By:        /s/ Richard D. Holahan, Jr.
 
             Name:  Richard D. Holahan, Jr.
 
             Title:    Authorized Signatory
   

 

 
 
 
Page 8 of 8 Pages


TRANSACTIONS IN THE PREFERRED STOCK EFFECTED ON BEHALF OF THE FUND DURING THE PAST 60 DAYS
 
Unless otherwise indicated, all trades were effected in the open market through brokers.
 
 
Date of Transaction
Amount of Shares Purchased (Sold)
Price Per Share ($)
July 26, 2012
(105,837)
$19.8573
July 26, 2012
(207,003)
$19.8182
July 27, 2012
(100,000)
$19.95