0001193125-20-230683.txt : 20200826 0001193125-20-230683.hdr.sgml : 20200826 20200826093058 ACCESSION NUMBER: 0001193125-20-230683 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200826 DATE AS OF CHANGE: 20200826 GROUP MEMBERS: LINDEN ADVISORS LP GROUP MEMBERS: LINDEN GP LLC GROUP MEMBERS: SIU MIN WONG SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Colony Capital, Inc. CENTRAL INDEX KEY: 0001679688 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 464591526 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-89832 FILM NUMBER: 201134355 BUSINESS ADDRESS: STREET 1: 515 SOUTH FLOWER STREET STREET 2: 44TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 310-282-8820 MAIL ADDRESS: STREET 1: 515 SOUTH FLOWER STREET STREET 2: 44TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: Colony NorthStar, Inc. DATE OF NAME CHANGE: 20160714 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Linden Capital L.P. CENTRAL INDEX KEY: 0001349339 IRS NUMBER: 980430338 STATE OF INCORPORATION: D0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: VICTORIA PLACE, 31 VICTORIA STREET CITY: HAMILTON STATE: D0 ZIP: HM10 BUSINESS PHONE: 441-294-3202 MAIL ADDRESS: STREET 1: VICTORIA PLACE, 31 VICTORIA STREET CITY: HAMILTON STATE: D0 ZIP: HM10 SC 13G 1 d61717dsc13g.htm SC 13G SC 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. ___)*

 

 

Colony Capital, Inc.

(Name of Issuer)

Class A Common Stock, $0.01 par value

(Title of Class of Securities)

19626G108

(CUSIP Number)

August 24, 2020

(Date of Event which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

 

*

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).

 

 

 

(Continued on the Following Pages)

(Page 1 of 10 Pages)

CUSIP No. 19626G108       Page 2 of 10

 

  1.    

  NAMES OF REPORTING PERSONS

 

  LINDEN CAPITAL L.P.

  2.    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒        (b)  ☐

 

  3.    

  SEC USE ONLY

 

  4.    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Bermuda     

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

     5.     

  SOLE VOTING POWER

 

  0     

  6.     

  SHARED VOTING POWER

 

  23,106,749(1)

  7.     

  SOLE DISPOSITIVE POWER

 

  0     

  8.     

  SHARED DISPOSITIVE POWER

 

  23,106,749(1)

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  23,106,749(1)

10.    

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  4.6%

12.    

  TYPE OF REPORTING PERSON

 

   PN

 

1.

Consists entirely of Shares obtainable upon conversion of the 5.75% Exchangeable Senior Notes due 2025 issued by Colony Capital Operating Company, LLC and 5.0% Convertible Senior Notes due 2023 issued by the Issuer/Colony Financial, Inc.

CUSIP No. 19626G108       Page 3 of 10

 

  1.    

  NAMES OF REPORTING PERSONS

  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

  LINDEN GP LLC

  2.    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒    (b)  ☐

 

  3.    

  SEC USE ONLY

 

  4.    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

     5.     

  SOLE VOTING POWER

 

  0     

  6.     

  SHARED VOTING POWER

 

  23,106,749(1)

  7.     

  SOLE DISPOSITIVE POWER

 

  0     

  8.     

  SHARED DISPOSITIVE POWER

 

  23,106,749(1)

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  23,106,749(1)

10.    

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  4.6%

12.    

  TYPE OF REPORTING PERSON

 

  HC

 

1.

Consists entirely of Shares obtainable upon conversion of the 5.75% Exchangeable Senior Notes due 2025 issued by Colony Capital Operating Company, LLC and 5.0% Convertible Senior Notes due 2023 issued by the Issuer/Colony Financial, Inc.

CUSIP No. 19626G108       Page 4 of 10

 

  1.    

  NAMES OF REPORTING PERSONS

  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

  LINDEN ADVISORS LP

  2.    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒    (b)  ☐

 

  3.    

  SEC USE ONLY

 

  4.    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH:

     5.     

  SOLE VOTING POWER

 

  0

  6.     

  SHARED VOTING POWER

 

  25,870,939(1)

  7.     

  SOLE DISPOSITIVE POWER

 

  0

  8.     

  SHARED DISPOSITIVE POWER

 

  25,870,939(1)

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  25,870,939(1)

10.    

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  5.1%

12.    

  TYPE OF REPORTING PERSON

 

  IA, PN

 

1.

Consists entirely of Shares obtainable upon conversion of the 5.75% Exchangeable Senior Notes due 2025 issued by Colony Capital Operating Company, LLC and 5.0% Convertible Senior Notes due 2023 issued by the Issuer/Colony Financial, Inc.

CUSIP No. 19626G108       Page 5 of 10

 

  1.    

  NAMES OF REPORTING PERSONS

  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

 

  SIU MIN WONG

  2.    

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☒    (b)  ☐

 

  3.    

  SEC USE ONLY

 

  4.    

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  China (Hong Kong) and USA

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

     5.     

  SOLE VOTING POWER

 

  0

  6.     

  SHARED VOTING POWER

 

  25,870,939(1)

  7.     

  SOLE DISPOSITIVE POWER

 

  0

  8.     

  SHARED DISPOSITIVE POWER

 

  25,870,939(1)

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  25,870,939(1)

10.    

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11.    

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  5.1%

12.    

  TYPE OF REPORTING PERSON

 

  IN, HC

 

1.

Consists entirely of Shares obtainable upon conversion of the 5.75% Exchangeable Senior Notes due 2025 issued by Colony Capital Operating Company, LLC and 5.0% Convertible Senior Notes due 2023 issued by the Issuer/Colony Financial, Inc.

      Page 6 of 10

 

Item 1(a).

Name of Issuer:

Colony Capital, Inc. (the “Issuer”).

 

Item 1(b).

Address of Issuer’s Principal Executive Offices:

515 South Flower, 44th Floor

Los Angeles, California 90071

 

Item 2(a).

Name of Person Filing:

This Statement is filed on behalf of each of the following persons (collectively, the “Reporting Persons”)

 

  i)

Linden Capital L.P., a Bermuda limited partnership (“Linden Capital”);

 

  ii)

Linden GP LLC, a Delaware limited liability company (“Linden GP”);

 

  iii)

Linden Advisors LP, a Delaware limited partnership (“Linden Advisors”); and

 

  iv)

Siu Min (Joe) Wong (“Mr. Wong”).

This Statement relates to Shares (as defined herein) held for the account of Linden Capital and one or more separately managed accounts (the “Managed Accounts”). Linden GP is the general partner of Linden Capital and, in such capacity, may be deemed to beneficially own the Shares held by Linden Capital. Linden Advisors is the investment manager of Linden Capital and trading advisor or investment advisor for the Managed Accounts. Mr. Wong is the principal owner and controlling person of Linden Advisors and Linden GP. In such capacities, Linden Advisors and Mr. Wong may each be deemed to beneficially own the Shares held by each of Linden Capital and the Managed Accounts.

 

Item 2(b).

Address of Principal Business Office or, if None, Residence:

The principal business address for Linden Capital is Victoria Place, 31 Victoria Street, Hamilton HM10, Bermuda. The principal business address for each of Linden Advisors, Linden GP and Mr. Wong is 590 Madison Avenue, 15th Floor, New York, New York 10022.

 

Item 2(c).

Citizenship:

 

  i)

Linden Capital is a Bermuda limited partnership.

 

  ii)

Linden GP is a Delaware limited liability company.

 

  iii)

Linden Advisors is a Delaware limited partnership.

 

  iv)

Mr. Wong is a citizen of China (Hong Kong) and the United States.

      Page 7 of 10

 

Item 2(d).

Title of Class of Securities

Class A Common Stock, $0.01 par value (the “Shares”).

 

Item 2(e).

CUSIP Number: 19626G108

 

Item 3.

If This Statement is Filed Pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a:

This Item 3 is not applicable.

 

Item 4.

Ownership:

 

Item 4(a)

Amount Beneficially Owned:

As of August 24, 2020, each of Linden Advisors and Mr. Wong may be deemed the beneficial owner of 25,870,939 Shares. This 25,870,939 amount consists of 23,106,749 Shares held by Linden Capital and 2,764,190 Shares held by the Managed Accounts. As of August 24, 2020, each of Linden GP and Linden Capital may be deemed the beneficial owner of the 23,106,749 Shares held by Linden Capital.

 

Item 4(b)

Percent of Class:

As of August 24, 2020, each of Linden Advisors and Mr. Wong may be deemed the beneficial owner of approximately 5.1% of Shares outstanding, and each of Linden GP and Linden Capital may be deemed the beneficial owner of approximately 4.6% of Shares outstanding. These percentages are based on the 481,444,705 Shares outstanding as reported in the Issuer’s Quarterly Report on Form 10-Q filed on August 10, 2020.

 

Item 4(c)

Number of Shares as to which such person has:

As of August 24, 2020:

 

Linden Capital and Linden GP:

   

(i) Sole power to vote or direct the vote:

      0  

(ii) Shared power to vote or direct the vote:

      23,106,749  

(iii) Sole power to dispose or direct the disposition of:

      0  

(iv) Shared power to dispose or direct the disposition of:

      23,106,749  

Linden Advisors and Mr. Wong:

   

(i) Sole power to vote or direct the vote:

      0  

(ii) Shared power to vote or direct the vote:

      25,870,939  

(iii) Sole power to dispose or direct the disposition of:

      0  

(iv) Shared power to dispose or direct the disposition of:

      25,870,939  

      Page 8 of 10

 

Item 5.

Ownership of Five Percent or Less of a Class:

This Item 5 is not applicable.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person:

See disclosure in Items 2 and 4 hereof.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:

See disclosure in Item 2 hereof.

 

Item 8.

Identification and Classification of Members of the Group:

See Exhibit A attached hereto.

 

Item 9.

Notice of Dissolution of Group:

This item 9 is not applicable.

 

Item 10.

Certification:

By signing below, the undersigned certifies that, to the best of its knowledge and belief, the securities referred to above 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, other than activities solely in connection with a nomination under Sec. 240.14a-11.

 

Item 11.

Materials to Be Filed as Exhibits:

Exhibit A: Joint Filing Statement

      Page 9 of 10

 

SIGNATURES

After reasonable inquiry and to the best of its knowledge and belief, I certify that the information with respect to it set forth in this statement is true, complete, and correct.

Dated: August 26, 2020

 

LINDEN CAPITAL L.P.
By: Linden GP LLC, its general partner
  By:  

/S/ Saul Ahn

    Saul Ahn,
    Authorized Signatory
LINDEN GP LLC
By:  

/S/ Saul Ahn

  Saul Ahn,
  Authorized Signatory
LINDEN ADVISORS LP
By:  

/S/ Saul Ahn

  Saul Ahn,
  General Counsel
SIU MIN WONG
By:  

/S/ Saul Ahn

  Saul Ahn, Attorney-in-Fact for Siu Min Wong**

 

 

**

Duly authorized under Siu Min Wong’s Power of Attorney, dated June 10, 2019, incorporated herein by reference to Exhibit B of the statement on Schedule 13G filed by Linden Capital L.P. on June 19, 2019 in respect of its holdings in Haymaker Acquisition Corp II.

EX-99.A 2 d61717dex99a.htm EX-99.A EX-99.A

Page 10 of 10

EXHIBIT A

JOINT FILING AGREEMENT

The undersigned hereby agree that the statement on Schedule 13G with respect to the Class A common stock of Colony Capital, Inc. dated as of August 24, 2020 is, and any further amendments thereto signed by each of the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.

Dated: August 26, 2020

 

LINDEN CAPITAL L.P.
By: Linden GP LLC, its general partner
  By:  

/S/ Saul Ahn

    Saul Ahn,
    Authorized Signatory
LINDEN GP LLC
By:  

/S/ Saul Ahn

  Saul Ahn,
  Authorized Signatory
LINDEN ADVISORS LP
By:  

/S/ Saul Ahn

  Saul Ahn,
  General Counsel
SIU MIN WONG
By:  

/S/ Saul Ahn

  Saul Ahn, Attorney-in-Fact for Siu Min Wong**

 

 

**

Duly authorized under Siu Min Wong’s Power of Attorney, dated June 10, 2019, incorporated herein by reference to Exhibit B of the statement on Schedule 13G filed by Linden Capital L.P. on June 19, 2019 in respect of its holdings in Haymaker Acquisition Corp II.