SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 1)(1)
NRG Energy, Inc.
(Name of Issuer)
Common Stock, par value $0.01 per share
(Title of Class of Securities)
629377508
(CUSIP Number)
MatlinPatterson Global Opportunities Partners L.P.
MatlinPatterson Global Opportunities Partners (Bermuda) L.P.
MatlinPatterson Global Advisers LLC
MatlinPatterson Global Partners LLC
MatlinPatterson Asset Management LLC
MatlinPatterson LLC
Mark R. Patterson
David J. Matlin
(Name of Persons Filing)
Robert Weiss
MatlinPatterson Global Advisers LLC
520 Madison Avenue
New York, New York 10022
Telephone: (212) 651-9525
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 30, 2003
(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 Rule 13d-l(e), 13d-l(f) or 13d-l(g), check the
following box [ ].
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.
---------------
(1) 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 this cover page shall not be deemed to be
"filed" for the purpose of Section 18 of the Securities Exchange Act of 1934
("Exchange Act") or otherwise subject to the liabilities of that section of
the Exchange Act but shall be subject to all other provisions of the Exchange
Act (however, see the Notes).
(Continued on following pages)
(Page 1 of 16)
SCHEDULE 13D
------------------------------------------------------------------------------------------------------------------------------
CUSIP No. 629377508 Page 2 of 16 Pages
------------------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MatlinPatterson Global Opportunities Partners L.P.
------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, WC
------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------------------------------------------------------
SHARES 7 SOLE VOTING POWER
BENEFICIALLY
OWNED BY EACH 0
REPORTING
PERSON WITH
------------------------------------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
15,947,947
------------------------------------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
15,947,947
------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
15,947,947
------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
15.9%
------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
------------------------------------------------------------------------------------------------------------------------------
(Page 2 of 16)
SCHEDULE 13D
------------------------------------------------------------------------------------------------------------------------------
CUSIP No. 629377508 Page 3 of 16 Pages
------------------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MatlinPatterson Global Opportunities Partners (Bermuda) L.P.
------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, WC
------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
------------------------------------------------------------------------------------------------------------------------------
SHARES 7 SOLE VOTING POWER
BENEFICIALLY
OWNED BY EACH 0
REPORTING
PERSON WITH
------------------------------------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
5,557,097
------------------------------------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
5,557,097
------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,557,097
------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.6%
------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
PN
------------------------------------------------------------------------------------------------------------------------------
(Page 3 of 16)
SCHEDULE 13D
------------------------------------------------------------------------------------------------------------------------------
CUSIP No. 629377508 Page 4 of 16 Pages
------------------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MatlinPatterson Global Advisers LLC
------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, WC
------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------------------------------------------------------
SHARES 7 SOLE VOTING POWER
BENEFICIALLY
OWNED BY EACH 0
REPORTING
PERSON WITH
------------------------------------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
21,505,044
------------------------------------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
21,505,044
------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
21,505,044
------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5%
------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IA
------------------------------------------------------------------------------------------------------------------------------
(Page 4 of 16)
SCHEDULE 13D
------------------------------------------------------------------------------------------------------------------------------
CUSIP No. 629377508 Page 5 of 16 Pages
------------------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
David J. Matlin
------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, WC
------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------------------------------------------------------
SHARES 7 SOLE VOTING POWER
BENEFICIALLY
OWNED BY EACH 0
REPORTING
PERSON WITH
------------------------------------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
21,505,044
------------------------------------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
21,505,044
------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
21,505,044
------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5%
------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------------------------------------------------------------
(Page 5 of 16)
SCHEDULE 13D
------------------------------------------------------------------------------------------------------------------------------
CUSIP No. 629377508 Page 6 of 16 Pages
------------------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Mark R. Patterson
------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, WC
------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------------------------------------------------------
SHARES 7 SOLE VOTING POWER
BENEFICIALLY
OWNED BY EACH 0
REPORTING
PERSON WITH
------------------------------------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
21,505,044
------------------------------------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
21,505,044
------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
21,505,044
------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5%
------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
------------------------------------------------------------------------------------------------------------------------------
(Page 6 of 16)
SCHEDULE 13D
------------------------------------------------------------------------------------------------------------------------------
CUSIP No. 629377508 Page 7 of 16 Pages
------------------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MatlinPatterson Global Partners LLC
------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, WC
------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------------------------------------------------------
SHARES 7 SOLE VOTING POWER
BENEFICIALLY
OWNED BY EACH 0
REPORTING
PERSON WITH
------------------------------------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
21,505,044
------------------------------------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
21,505,044
------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
21,505,044
------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5%
------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
------------------------------------------------------------------------------------------------------------------------------
(Page 7 of 16)
SCHEDULE 13D
------------------------------------------------------------------------------------------------------------------------------
CUSIP No. 629377508 Page 8 of 16 Pages
------------------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MatlinPatterson Asset Management LLC
------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, WC
------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------------------------------------------------------
SHARES 7 SOLE VOTING POWER
BENEFICIALLY
OWNED BY EACH 0
REPORTING
PERSON WITH
------------------------------------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
21,505,044
------------------------------------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
21,505,044
------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
21,505,044
------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5%
------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
------------------------------------------------------------------------------------------------------------------------------
(Page 8 of 16)
SCHEDULE 13D
------------------------------------------------------------------------------------------------------------------------------
CUSIP No. 629377508 Page 9 of 16 Pages
------------------------------------------------------------------------------------------------------------------------------
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MatlinPatterson LLC
------------------------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) / /
(b) /X/
------------------------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------------------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS
AF, WC
------------------------------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) / /
------------------------------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------------------------------------------------------------------------------------------------------------------------
SHARES 7 SOLE VOTING POWER
BENEFICIALLY
OWNED BY EACH 0
REPORTING
PERSON WITH
------------------------------------------------------------------------------------------------------------------------------
8 SHARED VOTING POWER
21,505,044
------------------------------------------------------------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
21,505,044
------------------------------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
21,505,044
------------------------------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES / /
------------------------------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
21.5%
------------------------------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
HC
------------------------------------------------------------------------------------------------------------------------------
(Page 9 of 16)
Introduction
(i) MatlinPatterson Global Opportunities Partners L.P., ("Matlin
Partners (Delaware)") a limited partnership organized under the laws of
Delaware, and MatlinPatterson Global Opportunities Partners (Bermuda) L.P.
("Matlin Partners (Bermuda)" and collectively with Matlin Partners (Delaware),
"Matlin Partners"), an exempt limited partnership organized under the laws of
Bermuda, (ii) MatlinPatterson Global Advisers LLC, ("Matlin Advisers") a
limited liability company organized under the laws of Delaware, by virtue of
its investment authority over securities held by Matlin Partners, (iii)
MatlinPatterson Global Partners LLC, ("Matlin Global Partners") a limited
liability company organized under the laws of Delaware, as general partner of
Matlin Partners, (iv) MatlinPatterson Asset Management LLC, ("Matlin Asset
Management") a limited liability company organized under the laws of Delaware,
as the holder of all of the membership interests in Matlin Global Partners and
Matlin Advisers, (v) MatlinPatterson LLC, ("MatlinPatterson") a limited
liability company organized under the laws of Delaware, as the holder of all
of the membership interests in Matlin Asset Management, and (vi) Mark R.
Patterson and David J. Matlin each as a holder of 50% of the membership
interests in MatlinPatterson (Matlin Partners (Delaware), Matlin Partners
(Bermuda), Matlin Advisers, Matlin Global Partners, Matlin Asset Management,
MatlinPatterson, Mark R. Patterson and David J. Matlin, collectively, the
"Reporting Persons" and each a "Reporting Person") hereby file this Amendment
No. 1 to amend and supplement the statement on Schedule 13D originally filed
on December 15, 2003 (the "Initial Statement," and together with this
Amendment No. 1, the "Statement") for the purpose of disclosing the amount of
securities actually received by the Reporting Persons after giving effect to
the reallocation procedure described in this Statement.
Capitalized terms used and not defined in this Amendment No. 1 shall
have the meanings set forth in the Initial Statement.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 of the Initial Statement is hereby amended and supplemented
by deleting the fourth paragraph thereof in its entirety and replacing it with
the following:
On December 30, 2003, after giving effect to the reallocation
procedure, the Issuer issued 15,947,947 shares of Common Stock and notes of
the reorganized Issuer for a principal amount of $81,560,802 to Matlin
Partners (Delaware) and 5,557,097 shares of Common Stock and notes of the
reorganized Issuer for a principal amount of $28,418,704 to Matlin Partners
(Bermuda). The Issuer has not yet distributed the cash component of the
consideration for cancellation of debt instruments pursuant to the Plan but is
expected to distribute $75,651,082.27 to Matlin Partners (Delaware) and
$26,359,546.47 to Matlin Partners (Bermuda).
Item 4. Purpose of Transaction
Item 4 of the Initial Statement is hereby amended and supplemented
by deleting the first and second paragraphs thereof in their entirety and
replacing them with the following:
Pursuant to the Plan, on December 30, 2003, the Reporting Persons
have received, as consideration for the cancellation of debt obligations
acquired through open market purchases
(Page 10 of 16)
and having an approximate principal amount of $1.2 billion, (i) 21,505,044
shares of Common Stock and (ii) notes of the reorganized Issuer for an
aggregate principal amount of $109,979,506. In addition, although the Issuer
has not yet distributed the cash component of the consideration for
cancellation of debt instruments pursuant to the Plan, the Reporting Persons
expect to receive cash for an approximate amount of $102,010,628.74. The
aforementioned distributions are actual distributions as adjusted pursuant to
the Plan's reallocation procedures and remain subject to further adjustments
pursuant to the Plan's treatment of disputed claims (each described in this
Item 4). The shares of Common Stock acquired by the Reporting Persons pursuant
to the Plan represent, in the aggregate, approximately 21.5% of the shares of
Common Stock of the reorganized Issuer.
Pursuant to the reallocation procedures set forth in Article V of
the Plan, each creditor in Classes 5 and 6 was eligible to elect to contribute
(i) all of their shares of Common Stock in the reorganized Issuer at the
standard rate of $22.25 per share or at a lower price per share (ranging from
$16.00 to $22.00 in 1/4 point intervals), and/or (ii) all or a portion
(ranging from 0% to 100%) of the notes and cash to be distributed to such
creditor under the Plan. The reallocation was effectuated "dutch auction"
style first by exchanging those shares of Common Stock offered into the
reallocation pool for cash starting at the lowest price per share selected
until all of the cash or the shares of Common Stock in the reallocation pool
was exhausted. Next, any remaining shares of Common Stock were exchanged for
notes, again starting at the lowest price per share selected until all of the
notes or shares of Common Stock were exhausted.
Item 5. Interest in Securities of the Issuer
Item 5 of the Initial Statement is hereby amended and supplemented
by deleting it in its entirety and replacing it with the following:
(a) As of the date hereof, Matlin Partners (Delaware) is a direct
beneficial owner of 15,947,947 shares of Common Stock representing
approximately 15.9% of the Issuer's issued and outstanding shares of Common
Stock. Matlin Partners (Bermuda) is a direct beneficial owner of 5,557,097
shares of Common Stock representing approximately 5.6% of the Issuer's issued
and outstanding shares of Common Stock. MatlinPatterson, Matlin Asset
Management, Matlin Advisers, Matlin Global Partners, Mark R. Patterson and
David J. Matlin are each an indirect beneficial owner of 21,505,044 shares of
Common Stock representing approximately 21.5% of the Issuer's issued and
outstanding shares of Common Stock.
(i) Matlin Global Partners serves as General Partner of Matlin
Partners (Delaware) and Matlin Partners (Bermuda). By reason of such
relationships, Matlin Global Partners may be deemed to beneficially own the
shares beneficially owned by Matlin Partners.
(ii) Matlin Advisers serves as investment advisor to Matlin
Partners. By reason of such relationships, Matlin Advisers may be deemed to
beneficially own the shares beneficially owned by Matlin Partners.
(Page 11 of 16)
(iii) Matlin Asset Management is the holder of all of the membership
interests in Matlin Global Partners and Matlin Advisers. By reason of such
relationships, Matlin Asset Management may be deemed to beneficially own the
shares beneficially owned by Matlin Partners.
(iv) MatlinPatterson is the holder of all of the membership
interests in Matlin Asset Management. By reason of such relationship,
MatlinPatterson may be deemed to beneficially own the shares beneficially
owned by Matlin Partners.
(v) Mark R. Patterson and David J. Matlin are the holders of all of
the membership interests in MatlinPatterson. By reason of such relationships,
each of Mark R. Patterson and David J. Matlin may be deemed to share voting and
dispositive power over the shares beneficially owned by Matlin Partners.
(b) Matlin Partners (Delaware) and Matlin Partners (Bermuda) have shared
power to vote and shared dispositive power of 15,947,947 shares of Common
Stock and 5,557,097 shares of Common Stock, respectively. MatlinPatterson,
Matlin Asset Management, Matlin Advisers, Matlin Global Partners, Mark R.
Patterson and David J. Matlin each have shared power to vote and shared
dispositive power of 21,505,044 shares of Common Stock.
(c) Except as reported in this Statement, none of the Reporting Persons
has effected any transaction in the Common Stock during the past 60 days.
(d) To the best knowledge of MatlinPatterson, Matlin Asset Management,
Matlin Advisers and Matlin Global Partners with respect to the directors and
executive officers named in this Statement, none of the persons (i)
beneficially owns any shares of Common Stock (other than in his or her
capacity as a controlling member, executive officer or director of such
corporation or limited liability company) or (ii) has the right to acquire any
Common Stock owned by other parties.
(e) The filing of this Statement shall not be construed as an admission by
any of the Reporting Persons that it is, for purposes of Section 13(d) of the
Exchange Act, the beneficial owner of shares of Common Stock owned by other
parties.
(f) Except as reported in this Statement, no other person is known to any
of the Reporting Persons to have the right to receive or the power to direct
the receipt of dividends from, or proceeds from the sale of, any shares of the
Common Stock held by the Reporting Persons.
Item 7. Materials to be Filed as Exhibits
Exhibit No. Description
----------- -----------
5 Joint Filing Agreement dated as of January 5, 2004, by
and among MatlinPatterson LLC, MatlinPatterson Asset
Management LLC, MatlinPatterson Global Advisers LLC,
MatlinPatterson Global Partners LLC, MatlinPatterson
Global Opportunities Partners L.P., MatlinPatterson
Global Opportunities Partners (Bermuda) L.P.,
(Page 12 of 16)
David J. Matlin and Mark R. Patterson.
(Page 13 of 16)
SIGNATURE
After reasonable inquiry and to the best of our knowledge and belief,
we certify that the information set forth in this Statement is true, complete
and correct.
Dated: January 5, 2004
MATLINPATTERSON LLC
By: /s/ Mark R. Patterson
--------------------------------
Name: Mark R. Patterson
Title: Member
MATLINPATTERSON ASSET MANAGEMENT
LLC
By: /s/ Mark R. Patterson
--------------------------------
Name: Mark R. Patterson
Title: Chairman
MATLINPATTERSON GLOBAL ADVISERS
LLC
By: /s/ Mark R. Patterson
--------------------------------
Name: Mark R. Patterson
Title: Chairman
MATLINPATTERSON GLOBAL PARTNERS
LLC
By: /s/ Mark R. Patterson
--------------------------------
Name: Mark R. Patterson
Title: Director
MATLINPATTERSON GLOBAL
OPPORTUNITIES PARTNERS L.P.
By: MatlinPatterson Global Partners
LLC
By: /s/ Mark R. Patterson
--------------------------------
Name: Mark R. Patterson
Title: Director
(Page 14 of 16)
MATLINPATTERSON GLOBAL
OPPORTUNITIES PARTNERS (BERMUDA) L.P.
By: MatlinPatterson Global Partners
LLC
By: /s/ Mark R. Patterson
--------------------------------
Name: Mark R. Patterson
Title: Director
DAVID J. MATLIN
By: /s/ David J. Matlin
--------------------------------
Name: David J. Matlin
MARK R. PATTERSON
By: /s/ Mark R. Patterson
--------------------------------
Name: Mark R. Patterson
(Page 15 of 16)
EXHIBIT INDEX
Exhibit No. Description
----------- -----------
5 Joint Filing Agreement dated as of January 5, 2004, by
and among MatlinPatterson LLC, MatlinPatterson Asset
Management LLC, MatlinPatterson Global Advisers LLC,
MatlinPatterson Global Partners LLC, MatlinPatterson
Global Opportunities Partners L.P., MatlinPatterson
Global Opportunities Partners (Bermuda) L.P., David J.
Matlin and Mark R. Patterson.
(Page 16 of 16)