UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 5)*
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)
February 22, 2005
(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 19 pages
CUSIP No. 237266101 13D Page 2 of 19 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
0
------ ----------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 465,130
BENEFICIALLY ------ ----------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 465,130
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
465,130 shares**
---------- ---------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- ---------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
---------- ---------------------------------------------------------------------
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 3 of 19 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
0
------ ----------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 465,130
BENEFICIALLY ------ ----------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 465,130
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
465,130 shares**
---------- ---------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- ---------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
---------- ---------------------------------------------------------------------
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 4 of 19 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
0
------ ----------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 465,130
BENEFICIALLY ------ ----------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 465,130
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
465,130 shares**
---------- --------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- ---------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.7%
---------- ---------------------------------------------------------------------
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 5 of 19 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
0
------ ----------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 2,635,130
BENEFICIALLY ------ ----------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 2,635,130
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,635,130 shares**
---------- ---------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- ---------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.1%
---------- ---------------------------------------------------------------------
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 19 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
0
------ ----------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 223,325
BENEFICIALLY ------ ----------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 223,325
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
223,325 shares**
---------- ---------------------------------------------------------------------
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 19 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
0
------ ----------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 223,325
BENEFICIALLY ------ ----------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 223,325
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
223,325 shares**
---------- ---------------------------------------------------------------------
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 9 of 19 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
0
------ ----------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 886,837
BENEFICIALLY ------ ----------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 886,837
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
886,837 shares**
---------- ---------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- ---------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.4%
---------- ---------------------------------------------------------------------
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 11 of 19 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
0
------ ----------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 1,059,838
BENEFICIALLY ------ ----------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWE
WITH 1,059,838
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,059,838 shares**
---------- ---------------------------------------------------------------------
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 12 of 19 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
0
------ ----------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 1,059,838
BENEFICIALLY ------ ----------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,059,838
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,059,838 shares**
---------- ---------------------------------------------------------------------
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 13 of 19 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
0
------ ----------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 1,059,838
BENEFICIALLY ------ ----------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 1,059,838
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,059,838 shares**-
---------- ---------------------------------------------------------------------
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 14 of 19 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
0
------ ----------------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 2,635,130
BENEFICIALLY ------ ----------------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ----------------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 2,635,130
---------- ---------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,635,130 shares**
---------- ---------------------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- ---------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.1%
---------- ---------------------------------------------------------------------
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. 5 ("Amendment No. 5") 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, Amendment No. 3 filed on
November 24, 2004, and Amendment No. 4 filed on February 11, 2005 (collectively,
the "Schedule 13D"). This Amendment No. 5 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 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 223,325 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 886,837 shares of Common
Stock, constituting 1.4% 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 465,130 shares of
Common Stock, constituting approximately 0.7% 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 1,059,838 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 2,635,130 shares of Common Stock, constituting
approximately 4.1% 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:
Since February 11, 2005, the date of most recent filing of Schedule 13D on
behalf of the Reporting Persons, 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 2/22/05 563,500 $4.03
Avenue Special Situations Fund III, LP 2/22/05 50,162 $4.00
Avenue Investments, LP 2/22/05 46,675 $4.00
Avenue International, Ltd. 2/22/05 103,163 $4.00
Item 5(e) is hereby amended and restated as follows:
As of February 22, 2005, Avenue Capital Management II, LLC and Marc Lasry each
ceased to be the beneficial owner of more than five percent of the Company's
Common Stock. Each of the other Reporting Persons named herein ceased to be the
beneficial owner of more than five percent of the Company's Common Stock as of a
date prior to February 22, 2005.
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: March 9, 2005
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 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: March 9, 2005
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