UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
DARLING INTERNATIONAL, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
237266101
(CUSIP Number)
Ms. Sonia E. Gardner with a copy to:
Avenue Capital Group, LLC Matthew S. Eisenberg, Esq.
535 Madison Avenue Cobb & Eisenberg LLC
15th Floor 329 Riverside Avenue, 2nd Floor
New York, New York 10022 Westport, CT 06880
(212) 850-7519 (203) 222-1940
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
November 16, 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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box |_|.
*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 the
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 1 of 20 pages
CUSIP No. 237266101 13D Page 2 of 20 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
GL Partners II, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,028,630
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
2,028,630
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,028,630**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 3 of 20 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Capital Partners II, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,028,630
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
2,028,630
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,028,630**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 4 of 20 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Special Situations Fund II, LP
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,028,630
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
2,028,630
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,028,630**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.2%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 5 of 20 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Capital Management II, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 4,398,630
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
4,398,630
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
4,398,630**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 6 of 20 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Investments, LP
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 270,000
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
270,000
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
270,000**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 7 of 20 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Partners, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 270,000
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
270,000
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
270,000**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 8 of 20 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue International, Ltd.
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 990,000
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
990,000
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
990,000**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 9 of 20 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Special Situations Fund III, LP
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,110,000
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
1,110,000
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,110,000**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 10 of 20 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Capital Partners III, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,110,000
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
1,110,000
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,110,000**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 11 of 20 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
GL Partners III, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,110,000
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
1,110,000
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,110,000**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 12 of 20 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Marc Lasry
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 4,398,630
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
4,398,630
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
4,398,630**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.9%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
The following constitutes Amendment No. 3 ("Amendment No. 3") to the
Schedule 13D filed by the undersigned on September 22, 2003, as amended by
Amendment No. 1 filed by the undersigned on April 22, 2004, and as further
amended by Amendment No. 2 filed on August 23, 2004 (collectively, the "Schedule
13D"). This Amendment No. 3 amends the Schedule 13D as specifically set forth.
Defined terms not otherwise defined herein shall have the meanings ascribed to
them in the Schedule 13D.
Item 2. Identity and Background
Item 2 is hereby amended and restated in its entirety to read as follows:
(a) - (c), (f) This Schedule is being jointly filed by:
A. Avenue Investments, LP, a Delaware limited partnership, with respect
to shares held by it;
B. Avenue Partners, LLC, a New York limited liability company and the
general partner of Avenue Investments, LP, with respect to shares held
by Avenue Investments, LP;
C. Avenue International, Ltd., a Cayman Islands exempted company, with
respect to shares held by it;
D. Avenue Special Situations Fund II, LP, a Delaware limited partnership,
with respect to shares held by it;
E. Avenue Capital Partners II, LLC, a Delaware limited liability company
and the general partner of Avenue Special Situations Fund II, LP, with
respect to the shares held by Avenue Special Situations Fund II, LP;
F. GL Partners II, LLC, a Delaware limited liability company and the
managing member of Avenue Capital Partners II, LLC, with respect to
the shares held by Avenue Special Situations Fund II, LP;
G. Avenue Special Situations Fund III, LP, a Delaware limited
partnership, with respect to shares held by it;
H. Avenue Capital Partners III, LLC, a Delaware limited liability company
and the general partner of Avenue Special Situations Fund III, LP,
with respect to the shares held by Avenue Special Situations Fund III,
LP;
I. GL Partners III, LLC, a Delaware limited liability company and the
managing member of Avenue Capital Partners III, LLC, with respect to
the shares held by Avenue Special Situations Fund III, LP;
J. Avenue Capital Management II, LLC, a Delaware limited liability
company and the investment advisor to Avenue Investments, LP, Avenue
International, Ltd., Avenue Special Situations Fund II, LP and Avenue
Special Situations Fund III, LP, with respect to the shares held by
Avenue Investments, LP, Avenue International, Ltd., Avenue Special
Situations Fund II, LP and Avenue Special Situations Fund III, LP; and
K. Marc Lasry, a United States citizen and the managing member of Avenue
Partners, LLC, GL Partners II, LLC, GL Partners III, LLC, and Avenue
Capital Management II, LLC ("Lasry"), with respect to the shares held
by Avenue Investments, LP, Avenue International, Ltd., Avenue Special
Situations Fund II, LP, and Avenue Special Situations Fund III, LP.
The persons referenced in A - K above are referred to herein collectively as the
"Reporting Persons". The principal business address of all of the Reporting
Persons is 535 Madison Avenue, 15th Floor, New York, New York 10022.
Each of Avenue Investments, LP, Avenue Special Situations Fund II, LP and Avenue
Special Situations Fund III, LP is a private investment partnership. Avenue
International, Ltd. is a private offshore investment vehicle. The principal
businesses of Avenue Partners, LLC, Avenue Capital Partners II, LLC and Avenue
Capital Partners III, LLC are to serve as the general partners of, respectively,
Avenue Investments, LP, Avenue Special Situations Fund II, LP and Avenue Special
Situations Fund III, LP. The principal business of Avenue Capital Management II,
LLC is to serve as investment advisor to Avenue Investments, LP, Avenue
International, Ltd., Avenue Special Situations Fund II, LP, Avenue Special
Situations Fund III, LP, and one or more other affiliated entities. The
principal businesses of GL Partners II, LLC and GL Partners III, LLC are to
serve as the managing members of, respectively, Avenue Capital Partners II, LLC
and Avenue Capital Partners III, LLC. Mr. Lasry serves as the principal control
person (directly or indirectly) of all of the other Reporting Persons, and
serves in a similar capacity to various other related entities, all of which are
engaged in investment or investment management activities.
(d) During the last five years none of the Reporting Persons has been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years none of the Reporting Persons was a 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.
Item 5. Interest in Securities of the Issuer
Item 5(a) is hereby amended and restated in its entirety to read as follows:
(a) According to information set forth in the Company's Quarterly Report on
Form 10-Q for the fiscal quarter ended October 2, 2004, there were
63,918,346 shares of Common Stock issued and outstanding at November 10,
2004. Based upon such information, and taking into account the transactions
described in Item 5(c) below, as of the date hereof the Reporting Persons
report beneficial ownership as follows:
a. Avenue Investments, LP owns directly 270,000 shares of Common Stock,
constituting 0.4% of the Company's outstanding shares, which shares
may be deemed to be beneficially indirectly owned by Avenue Partners,
LLC (in its capacity as general partner), Avenue Capital Management
II, LLC (in its capacity as investment advisor), and Mr. Lasry as
described below;
b. Avenue International, Ltd. owns directly 990,000 shares of Common
Stock, constituting 1.5% of the Company's outstanding shares, which
shares may be deemed to be beneficially indirectly owned by Avenue
Capital Management II, LLC (in its capacity as investment advisor),
and Mr. Lasry as described below;
c. Avenue Special Situations Fund II, LP owns directly 2,028,630 shares
of Common Stock, constituting approximately 3.2% of the Company's
outstanding shares, which shares may be deemed to be beneficially
indirectly owned by Avenue Capital Partners II, LLC (in its capacity
as general partner), GL Partners II, LLC (in its capacity as managing
member of the general partner), Avenue Capital Management II, LLC (in
its capacity as investment advisor), and Mr. Lasry as described below;
d. Avenue Special Situations Fund III, LP owns directly 1,110,000 shares
of Common Stock, constituting 1.7% of the Company's outstanding
shares, which shares may be deemed to be beneficially indirectly owned
by Avenue Capital Partners III, LLC (in its capacity as general
partner), GL Partners III, LLC (in its capacity as managing member of
the general partner), Avenue Capital Management II, LLC (in its
capacity as investment advisor), and Mr. Lasry as described below;
As of the date hereof, Mr. Lasry, in his capacity as principal control person of
all of the other Reporting Persons, may be deemed to own beneficially indirectly
4,398,630 shares of Common Stock, constituting approximately 6.9% of the
Company's outstanding shares, which figure includes the shares owned directly by
Avenue Investments, LP, Avenue International, Ltd., Avenue Special Situations
Fund II, LP, and Avenue Special Situations Fund III, LP, described above.
Item 5(c) is hereby amended and supplemented as follows:
During the last 60 days, the Reporting Persons sold the following shares of
Common Stock on the open market:
Entity Trade Date Shares Price/Share
------ ---------- ------ -----------
Avenue Special Situations Fund II, LP 09/03/2004 35,200 $4.34
Avenue Special Situations Fund II, LP 09/07/2004 31,600 $4.37
Avenue Special Situations Fund II, LP 10/29/2004 500,000 $3.75
Avenue Special Situations Fund II, LP 11/15/2004 8,300 $3.86
Avenue Special Situations Fund II, LP 11/16/2004 500,000 $3.75
Signatures
After reasonable inquiry and to the best of my (our) knowledge and
belief, I (we) certify that the information set forth in this statement is true,
complete and correct.
Date: November 24, 2004
Avenue Investments, LP
By: Avenue Partners, LLC
Its general partner
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Partners, LLC
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue International, Ltd.
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Director
Avenue Special Situations Fund II, LP
By: Avenue Capital Partners II, LLC
Its general partner
By: GL Partners II, LLC
Its managing member
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Capital Partners II, LLC
By: GL Partners II, LLC,
Its managing member
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
GL Partners II, LLC
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Special Situations Fund III, LP
By: Avenue Capital Partners III, LLC
Its general partner
By: GL Partners III, LLC
Its managing member
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Capital Partners III, LLC
By: GL Partners III, LLC,
Its managing member
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
GL Partners III, LLC
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Capital Management II, LLC
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
/s/ Marc Lasry
-----------------------------
Marc Lasry, an individual
Joint Filing Agreement
Avenue Partners, LLC, a New York limited liability company; Avenue Capital
Partners II, LLC, GL Partners II, LLC, Avenue Capital Partners III, LLC, GL
Partners III, LLC and Avenue Capital Management II, LLC, each a Delaware limited
liability company; Avenue Investments, LP, Avenue Special Situations Fund II,
LP, and Avenue Special Situations Fund III, LP, each a Delaware limited
partnership; Avenue International, Ltd., a Cayman Islands exempted company; and
Marc Lasry, an individual, hereby agree to file jointly the statement on
Schedule 13D/A to which this Agreement is attached and any amendments thereto
which may be deemed necessary, pursuant to Regulation 13D-G under the Securities
Exchange Act of 1934.
It is understood and agreed that each of the parties hereto is responsible for
the timely filing of such statement and any amendments thereto, and for the
completeness and accuracy of the information concerning such party contained
therein, but such party is not responsible for the completeness and accuracy of
information concerning any other party unless such party knows or has reason to
believe such information is inaccurate.
It is understood and agreed that a copy of this Agreement shall be attached as
an exhibit to the statement on Schedule 13D, and any amendments thereto, filed
on behalf of each of the parties hereto.
Dated: November 24, 2004
Avenue Investments, LP
By: Avenue Partners, LLC
Its general partner
/s/ Marc Lasry
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By: Marc Lasry
Title: Managing Member
Avenue Partners, LLC
/s/ Marc Lasry
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By: Marc Lasry
Title: Managing Member
Avenue International, Ltd.
/s/ Marc Lasry
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By: Marc Lasry
Title: Director
Avenue Special Situations Fund II, LP
By: Avenue Capital Partners II, LLC
Its general partner
By: GL Partners II, LLC
Its managing member
/s/ Marc Lasry
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By: Marc Lasry
Title: Managing Member
Avenue Capital Partners II, LLC
By: GL Partners II, LLC,
Its managing member
/s/ Marc Lasry
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By: Marc Lasry
Title: Managing Member
GL Partners II, LLC
/s/ Marc Lasry
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By: Marc Lasry
Title: Managing Member
Avenue Special Situations Fund III, LP
By: Avenue Capital Partners III, LLC
Its general partner
By: GL Partners III, LLC
Its managing member
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Capital Partners III, LLC
By: GL Partners III, LLC,
Its managing member
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
GL Partners III, LLC
/s/ Marc Lasry
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By: Marc Lasry
Title: Managing Member
Avenue Capital Management II, LLC
/s/ Marc Lasry
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By: Marc Lasry
Title: Managing Member
/s/ Marc Lasry
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Marc Lasry, an individual