UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
Garrett Motion Inc.
(Name of Issuer)
Common Stock, $0.001 par value per share
(Title of Class of Securities)
366505105
(CUSIP Number)
Todd E. Molz
General Counsel, Chief Administrative Officer & Managing Director
Oaktree Capital Group Holdings GP, LLC
333 South Grand Avenue, 28th Floor
Los Angeles California 90071
(213) 830-6300
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
September 25, 2020
(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐.
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
* | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. |
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Page 1 of 25 Pages
Exhibit Index Appears on Page 22
SCHEDULE 13D
CUSIP No. 366505105 | Page 2 of 25 Pages |
1 | Name of reporting persons. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oaktree Value Opportunities Fund Holdings, L.P. | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
OO (See Item 3) | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or place of organization
Delaware |
Number of shares beneficially owned by each reporting person with
|
7 | Sole voting power
718,622 (1) | ||||
8 | Shared voting power
None | |||||
9 | Sole dispositive power
718,622 (1) | |||||
10 | Shared dispositive power
None |
11 |
Aggregate amount beneficially owned by each reporting person
718,622 (1) | |||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | |||||
13 | Percent of class represented by amount in Row (11)
0.95% (2) | |||||
14 | Type of reporting person (see instructions)
PN |
(1) | In its capacity as the direct owner of 718,622 shares of common stock, par value $0.001 per share of the Company (Common Stock). |
(2) | All calculations of percentage ownership herein are based on a total of 75,635,938 shares of Common Stock issued and outstanding as of July 27, 2020, as reported on the Form 10-Q filed with the SEC by the Company on July 30, 2020. |
SCHEDULE 13D
CUSIP No. 366505105 | Page 3 of 25 Pages |
1 | Name of reporting persons. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oaktree Value Opportunities Fund GP, L.P. | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
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 |
Number of shares beneficially owned by each reporting person with
|
7 | Sole voting power
718,622 (1) | ||||
8 | Shared voting power
None | |||||
9 | Sole dispositive power
718,622 (1) | |||||
10 | Shared dispositive power
None |
11 |
Aggregate amount beneficially owned by each reporting person
718,622 (1) | |||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | |||||
13 | Percent of class represented by amount in Row (11)
0.95% | |||||
14 | Type of reporting person (see instructions)
PN |
(1) | Solely in its capacity as the general partner of Oaktree Value Opportunities Fund Holdings, L.P. |
SCHEDULE 13D
CUSIP No. 366505105 | Page 4 of 25 Pages |
1 | Name of reporting persons. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oaktree Value Opportunities Fund GP Ltd. | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
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 |
Number of shares beneficially owned by each reporting person with
|
7 | Sole voting power
718,622 (1) | ||||
8 | Shared voting power
None | |||||
9 | Sole dispositive power
718,622 (1) | |||||
10 | Shared dispositive power
None |
11 |
Aggregate amount beneficially owned by each reporting person
718,622 (1) | |||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | |||||
13 | Percent of class represented by amount in Row (11)
0.95% | |||||
14 | Type of reporting person (see instructions)
OO |
(1) | Solely in its capacity as the general partner of Oaktree Value Opportunities Fund GP, L.P. |
SCHEDULE 13D
CUSIP No. 366505105 | Page 5 of 25 Pages |
1 | Name of reporting persons. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oaktree Opportunities Fund Xb Holdings (Delaware), L.P. | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
OO (See Item 3) | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or place of organization
Delaware |
Number of shares beneficially owned by each reporting person with
|
7 | Sole voting power
2,874,489 (1) | ||||
8 | Shared voting power
None | |||||
9 | Sole dispositive power
2,874,489 (1) | |||||
10 | Shared dispositive power
None |
11 |
Aggregate amount beneficially owned by each reporting person
2,874,489 (1) | |||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | |||||
13 | Percent of class represented by amount in Row (11)
3.8% | |||||
14 | Type of reporting person (see instructions)
PN |
(1) | In its capacity as the direct owner of 2,874,489 shares of Common Stock. |
SCHEDULE 13D
CUSIP No. 366505105 | Page 6 of 25 Pages |
1 | Name of reporting persons. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oaktree Fund GP, LLC | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or place of organization
Delaware |
Number of shares beneficially owned by each reporting person with
|
7 | Sole voting power
2,874,489 (1) | ||||
8 | Shared voting power
None | |||||
9 | Sole dispositive power
2,874,489 (1) | |||||
10 | Shared dispositive power
None |
11 |
Aggregate amount beneficially owned by each reporting person
2,874,489 (1) | |||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | |||||
13 | Percent of class represented by amount in Row (11)
3.8% | |||||
14 | Type of reporting person (see instructions)
PN |
(1) | Solely in its capacity as the general partner of Oaktree Opportunities Fund Xb Holdings (Delaware), L.P. |
SCHEDULE 13D
CUSIP No. 366505105 | Page 7 of 25 Pages |
1 | Name of reporting persons. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oaktree Fund GP I, L.P. | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or place of organization
Delaware |
Number of shares beneficially owned by each reporting person with
|
7 | Sole voting power
3,593,111 (1) | ||||
8 | Shared voting power
None | |||||
9 | Sole dispositive power
3,593,111 (1) | |||||
10 | Shared dispositive power
None |
11 |
Aggregate amount beneficially owned by each reporting person
3,593,111 (1) | |||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | |||||
13 | Percent of class represented by amount in Row (11)
4.75% | |||||
14 | Type of reporting person (see instructions)
PN |
(1) | Solely in its capacity as the managing member of Oaktree Fund GP, LLC and the sole shareholder of Oaktree Value Opportunities Fund GP Ltd. |
SCHEDULE 13D
CUSIP No. 366505105 | Page 8 of 25 Pages |
1 | Name of reporting persons. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oaktree Capital I, L.P. | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or place of organization
Delaware |
Number of shares beneficially owned by each reporting person with
|
7 | Sole voting power
3,593,111 (1) | ||||
8 | Shared voting power
None | |||||
9 | Sole dispositive power
3,593,111 (1) | |||||
10 | Shared dispositive power
None |
11 |
Aggregate amount beneficially owned by each reporting person
3,593,111 (1) | |||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | |||||
13 | Percent of class represented by amount in Row (11)
4.75% | |||||
14 | Type of reporting person (see instructions)
PN |
(1) | Solely in its capacity as the general partner of Oaktree Fund GP I, L.P. |
SCHEDULE 13D
CUSIP No. 366505105 | Page 9 of 25 Pages |
1 | Name of reporting persons. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
OCM Holdings I, LLC | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or place of organization
Delaware |
Number of shares beneficially owned by each reporting person with
|
7 | Sole voting power
3,593,111 (1) | ||||
8 | Shared voting power
None | |||||
9 | Sole dispositive power
3,593,111 (1) | |||||
10 | Shared dispositive power
None |
11 |
Aggregate amount beneficially owned by each reporting person
3,593,111 (1) | |||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | |||||
13 | Percent of class represented by amount in Row (11)
4.75% | |||||
14 | Type of reporting person (see instructions)
PN |
(1) | Solely in its capacity as the general partner of Oaktree Capital I, L.P. |
SCHEDULE 13D
CUSIP No. 366505105 | Page 10 of 25 Pages |
1 |
Name of reporting persons. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oaktree Holdings, LLC | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or place of organization
Delaware |
Number of shares beneficially owned by each reporting person with |
7 | Sole voting power
3,593,111 (1) | ||||
8 | Shared voting power
None | |||||
9 | Sole dispositive power
3,593,111 (1) | |||||
10 | Shared dispositive power
None |
11 |
Aggregate amount beneficially owned by each reporting person
3,593,111 (1) | |||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | |||||
13 | Percent of class represented by amount in Row (11)
4.75% | |||||
14 | Type of reporting person (see instructions)
PN |
(1) | Solely in its capacity as the managing member of OCM Holdings I, LLC. |
SCHEDULE 13D
CUSIP No. 366505105 | Page 11 of 25 Pages |
1 |
Name of reporting persons. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oaktree Capital Management, L.P. | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or place of organization
Delaware |
Number of shares beneficially owned by each reporting person with |
7 | Sole voting power
718,622 (1) | ||||
8 | Shared voting power
None | |||||
9 | Sole dispositive power
718,622 (1) | |||||
10 | Shared dispositive power
None |
11 |
Aggregate amount beneficially owned by each reporting person
718,622 (1) | |||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | |||||
13 | Percent of class represented by amount in Row (11)
0.95% | |||||
14 | Type of reporting person (see instructions)
OO |
(1) | Solely in its capacity as the sole director of Oaktree Value Opportunities Fund GP Ltd. |
SCHEDULE 13D
CUSIP No. 366505105 | Page 12 of 25 Pages |
1 |
Name of reporting persons. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oaktree Capital Management GP, LLC | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or place of organization
Delaware |
Number of shares beneficially owned by each reporting person with |
7 | Sole voting power
718,622 (1) | ||||
8 | Shared voting power
None | |||||
9 | Sole dispositive power
718,622 (1) | |||||
10 | Shared dispositive power
None |
11 |
Aggregate amount beneficially owned by each reporting person
718,622 (1) | |||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | |||||
13 | Percent of class represented by amount in Row (11)
0.95% | |||||
14 | Type of reporting person (see instructions)
OO |
(1) | Solely in its capacity as the general partner of Oaktree Capital Management, L.P. |
SCHEDULE 13D
CUSIP No. 366505105 | Page 13 of 25 Pages |
1 |
Name of reporting persons. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Atlas OCM Holdings, LLC | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or place of organization
Delaware |
Number of shares beneficially owned by each reporting person with |
7 | Sole voting power
718,622 (1) | ||||
8 | Shared voting power
None | |||||
9 | Sole dispositive power
718,622 (1) | |||||
10 | Shared dispositive power
None |
11 |
Aggregate amount beneficially owned by each reporting person
718,622 (1) | |||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | |||||
13 | Percent of class represented by amount in Row (11)
0.95% | |||||
14 | Type of reporting person (see instructions)
OO |
(1) | Solely in its capacity as the sole managing member of Oaktree Capital Management GP, LLC. |
SCHEDULE 13D
CUSIP No. 366505105 | Page 14 of 25 Pages |
1 |
Name of reporting persons. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oaktree Capital Group, LLC | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or place of organization
Delaware |
Number of shares beneficially owned by each reporting person with
|
7 | Sole voting power
3,593,111 (1) | ||||
8 | Shared voting power
None | |||||
9 | Sole dispositive power
3,593,111 (1) | |||||
10 | Shared dispositive power
None |
11 |
Aggregate amount beneficially owned by each reporting person
3,593,111 (1) | |||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | |||||
13 | Percent of class represented by amount in Row (11)
4.75% | |||||
14 | Type of reporting person (see instructions)
OO |
(1) | Solely in its capacity as the managing member of Oaktree Holdings, LLC. |
SCHEDULE 13D
CUSIP No. 366505105 | Page 15 of 25 Pages |
1 |
Name of reporting persons. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Oaktree Capital Group Holdings GP, LLC | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or place of organization
Delaware |
Number of shares beneficially owned by each reporting person with
|
7 | Sole voting power
3,593,111 (1) | ||||
8 | Shared voting power
None | |||||
9 | Sole dispositive power
3,593,111 (1) | |||||
10 | Shared dispositive power
None |
11 |
Aggregate amount beneficially owned by each reporting person
3,593,111 (1) | |||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | |||||
13 | Percent of class represented by amount in Row (11)
4.75% | |||||
14 | Type of reporting person (see instructions)
OO |
(1) | Solely in its capacity as the indirect owner of the class B units of each of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC. |
SCHEDULE 13D
CUSIP No. 366505105 | Page 16 of 25 Pages |
1 |
Name of reporting persons. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Brookfield Asset Management Inc. | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or place of organization
Ontario, Canada |
Number of shares beneficially owned by each reporting person with
|
7 | Sole voting power
3,593,111 (1) | ||||
8 | Shared voting power
None | |||||
9 | Sole dispositive power
3,593,111 (1) | |||||
10 | Shared dispositive power
None |
11 |
Aggregate amount beneficially owned by each reporting person
3,593,111 (1) | |||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | |||||
13 | Percent of class represented by amount in Row (11)
4.75% | |||||
14 | Type of reporting person (see instructions)
HC |
(1) | Solely in its capacity as the indirect owner of the class A units of each of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC. |
SCHEDULE 13D
CUSIP No. 366505105 | Page 17 of 25 Pages |
1 |
Name of reporting persons. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Partners Limited | |||||
2 | Check the appropriate box if a member of a group (see instructions) (a) ☐ (b) ☒
| |||||
3 | SEC use only
| |||||
4 | Source of funds (see instructions)
Not applicable | |||||
5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
☐ | |||||
6 | Citizenship or place of organization
Ontario, Canada |
Number of shares beneficially owned by each reporting person with
|
7 | Sole voting power
3,593,111 (1) | ||||
8 | Shared voting power
None | |||||
9 | Sole dispositive power
3,593,111 (1) | |||||
10 | Shared dispositive power
None |
11 |
Aggregate amount beneficially owned by each reporting person
3,593,111 (1) | |||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (see instructions)
☐ | |||||
13 | Percent of class represented by amount in Row (11)
4.75% | |||||
14 | Type of reporting person (see instructions)
HC |
(1) | Solely in its capacity as the sole owner of Class B Limited Voting Shares of Brookfield Asset Management, Inc. |
Page 18 of 25 Pages
Item 1. | Security and Issuer. |
The class of equity securities to which this Schedule 13D relates is common stock, par value $0.001 per share (the Common Stock), of Garrett Motion Inc., a Delaware corporation (the Company), which has its principal executive office at La Pièce 16 Rolle, Switzerland.
Item 2. | Identity and Background. |
(a)-(c), (f)
This Schedule 13D is filed as joint statement pursuant to Rule 13d-1(k) under the Act by each of the following persons (collectively, the Reporting Persons):
1) | Oaktree Value Opportunities Fund Holdings, L.P., a Delaware limited partnership (VOF Holdings), whose principal business is to invest in a wide range of distressed debt securities and loans with an emphasis on more liquid positions across various sectors, in its capacity as the direct owner of 718,622 shares of Common Stock; |
2) | Oaktree Value Opportunities Fund GP, L.P., a Cayman Islands limited partnership (VOF GP), whose principal business is to serve as, and perform the functions of, the general partner of VOF Holdings, in its capacity as such; |
3) | Oaktree Value Opportunities Fund GP Ltd., a Cayman Islands exempted company (VOF GP Ltd.), whose principal business is to serve as, and perform the functions of, the general partner of the VOF GP, in its capacity as such; |
4) | Oaktree Opportunities Fund Xb Holdings (Delaware), L.P., a Delaware limited partnership (Xb Holdings), whose principal business is to act as a special purpose holding vehicle for securities, loans, private equity and other assets with a focus on distressed opportunities, in its capacity as the direct owner of 2,874,489 shares of Common Stock; |
5) | Oaktree Fund GP, LLC, a Delaware limited liability company (Fund GP), whose principal business is to serve as, and perform the functions of, the general partner of Xb Holdings, in its capacity as such; |
6) | Oaktree Fund GP I, L.P., a Delaware limited partnership (GP I), whose principal business is to (i) serve as, and perform the functions of, the general partner of certain investment funds or to serve as, and perform the functions of, the managing member of the general partner of certain investment funds or (ii) to act as the sole shareholder of certain controlling entities of certain investment funds; in its capacity as the managing member of Fund GP and the sole shareholder of VOF GP Ltd.; |
7) | Oaktree Capital I, L.P., a Delaware limited partnership (Capital I), whose principal business is to serve as, and perform the functions of, the general partner of GP I, in its capacity as such; |
8) | OCM Holdings I, LLC, a Delaware limited liability company (Holdings I), whose principal business is to serve as, and perform the functions of, the general partner of Capital I and to hold limited partnership interests in Capital I, in its capacity as such; |
9) | Oaktree Holdings, LLC, a Delaware limited liability company (Holdings), whose principal business is to serve as, and perform the functions of, the managing member of Holdings I, in its capacity as such; |
10) | Oaktree Capital Management, L.P., a Delaware limited partnership (Management), whose principal business is to provide investment advisory services to investment funds and accounts, in its capacity as the sole director of VOF GP Ltd.; |
11) | Oaktree Capital Management GP, LLC, a Delaware limited liability company (Management GP), whose principal business is to serve as, and perform the functions of, the general partner of Management, in its capacity as such; |
Page 19 of 25 Pages
12) | Atlas OCM Holdings LLC, a Delaware limited liability company (Atlas), whose principal business is to serve as, and perform the functions of, the manager of Management GP, in its capacity as such; |
13) | Oaktree Capital Group, LLC, a Delaware limited liability company (OCG), whose principal business is to act as the holding company and controlling entity of each of the general partner and investment adviser of certain investment funds and separately managed accounts, in its capacity as the managing member of Holdings; |
14) | Oaktree Capital Group Holdings GP, LLC, a Delaware limited liability company (OCGH GP), whose principal business is to serve as, and perform the functions of, the indirect owner of the class B units of each of OCG and Atlas, in its capacity as such; |
15) | Brookfield Asset Management Inc., a Canadian corporation (BAM), a Canadian corporation, in its capacity as the indirect owner of the class A units of each of OCG and Atlas, in its capacity as such; and |
16) | Partners Limited, a Canadian corporation (Partners), a Canadian corporation, in its capacity as the sole owner of Class B Limited Voting Shares of BAM, in its capacity as such. |
Set forth in the attached Annex A is a listing of the directors, executive officers, investment managers, managers, members and general partners, as applicable, of each Reporting Person (collectively, the Covered Persons) and is incorporated by reference. Except as set forth in Annex A, each of the Covered Persons that is a natural person is a United States citizen.
The principal business address of each of the Reporting Persons and each Covered Person is 333 S. Grand Avenue, 28th Floor, Los Angeles, CA 90071.
(d) (e) During the last five years, none of the Reporting Persons, or to the best of their knowledge, any Covered Persons (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceedings 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.
As described in Item 4, each of the Reporting Persons and the Other Shareholder (as defined in Item 4) expressly disclaims that they constitute a group for the purposes of Sections 13(d) of the Securities Exchange Act of 1934 (the Act) and the rules thereunder. The Other Shareholder has agreed to file a separate statement of beneficial ownership on Schedule 13D pursuant to Rule 13d-1(k)(2) under the Act containing its required information. The Reporting Persons assume no responsibility for the information contained in such Schedule 13D filed by the Other Shareholder.
Item 3. | Source and Amount of Funds or Other Consideration. |
During the period of September 25, 2020 through September 30, 2020, VOF Holdings acquired an aggregate 718,622 shares of Common Stock for a total consideration of approximately $1.82 million in open market purchases. During the period of September 25, 2020 through September 30, 2020, Xb Holdings acquired an aggregate of 2,874,489 shares of Common Stock for a total consideration of approximately $7.53 million in open market purchases. The source of funds for such transactions was the capital contributions of the partners of VOF Holdings and Xb Holdings. No borrowed funds were used to purchase such shares of Common Stock.
Item 4. | Purpose of Transaction |
On September 20, 2020, the Company and certain of its subsidiaries (collectively, the Debtors) commenced proceedings (the Reorganization) under chapter 11 of title 11 of the United States Code in the U.S. Bankruptcy Court for the Southern District of New York (the Bankruptcy Court). The Company also announced that, in connection with the Reorganization, it had entered into (i) a Restructuring Support Agreement with holders of approximately 61% of the Companys outstanding senior secured first lien debt and was seeking Bankruptcy Court approval of $250 million in debtor-in-possession financing arranged by Citigroup and (ii) a stalking horse purchase agreement with a third party that is not affiliated with the Reporting Persons, KPS Capital Partners, LP (KPS), with respect to a potential purchase of the Companys business.
Page 20 of 25 Pages
VOF Holdings and Xb Holdings and funds affiliated with Centerbridge Partners, L.P. (the Other Shareholder) have provided alternative debtor-in-possession financing proposals to the Debtors. A hearing for the Bankruptcy Court to consider the Debtors request for authorization to incur debtor-in-possession financing is currently is set for October 6, 2020, at 10:00 a.m. (prevailing Eastern Time).
The Reporting Persons acquired the shares of Common Stock without knowledge of any actual or planned acquisition by the Other Shareholder for investment purposes and not with the intent of changing or influencing control of the Company. While the Reporting Persons and the Other Shareholder have been in contact in conjunction with the provision of debtor-in- possession financing in connection with the Reorganization, there are no agreements or understandings among the Reporting Persons and the Other Shareholder regarding acquiring, holding, voting or disposing of the shares of Common Stock. Each of the Reporting Persons and the Other Shareholder expressly disclaims that they constitute a group for the purposes of Sections 13(d) of the Act and the rules thereunder, and the filing of this statement is made in light of and to provide transparency with respect to the debtor-in-possession efforts and should not be construed to be an admission that any of the Reporting Persons and the Other Shareholder are members of a group for the purposes of Sections 13(d) of the Act.
Based on information provided by the Other Shareholder, the Reporting Persons believe the Reporting Persons holdings, if taken with what the Reporting Persons currently understand to be the holdings of the Other Shareholder, would represent beneficial ownership in the aggregate 9.23% of the outstanding shares of Common Stock as of the date of this report. Each Reporting Person expressly disclaims beneficial ownership of the shares of Common Stock held by the Other Shareholder.
As of the date of this report, other than as described herein, none of the Reporting Persons and, to the best of their knowledge, the Other Shareholder, has any current plans or proposals which relate to or would result in any of the matters described in Items 4(a)-(j) of Schedule 13D. The Reporting Persons continue to monitor further developments in respect of the Reorganization. In connection therewith, the Reporting Persons may, individually or together with each other or other persons, consider, explore and/or develop plans and/or make proposals (whether preliminary or final and whether individually or together with other parties, including other stakeholders) with respect to, among other things: the Companys debtor-in-possession financing; the proposed stalking horse purchase agreement from KPS or any other proposals made by other persons and the Companys proposed plan of reorganization, or possible alternatives to any of the foregoing; and/or the Companys business or assets.
Each of the Reporting Persons and the Other Shareholder may withdraw from and terminate any ongoing discussions, plans or proposals at any time. At any time, the Reporting Persons may adjust their holdings, as also is possible in the case of the Other Shareholder, in either case, in the open market, in privately negotiated transactions or otherwise.
Item 5. | Interest in Securities of the Issuer. |
(a) and (b).
The information contained on the cover page of this Schedule 13D is incorporated by reference. Based on the Form 10-Q filed with the SEC by the Company on July 30, 2020, there were 75,635,938 shares of Common Stock issued and outstanding as of July 27, 2020.
VOF Holdings directly holds 718,622 shares of the Companys Common Stock, constituting approximately 0.95% of the total issued and outstanding shares of Common Stock and has the sole power to vote and dispose of such shares.
VOF GP, in its capacity as the general partner of VOF Holdings, has the ability to direct the management of VOF Holdings business, including the power to vote and dispose of securities held by VOF Holdings; therefore, VOF GP may be deemed to beneficially own the shares of Common Stock held by VOF Holdings.
VOF GP Ltd., in its capacity as the general partner of VOF GP, has the ability to direct the management of VOF GPs business, including the power to direct the decisions of VOF GP regarding the vote and disposition of securities held by VOF Holdings; therefore, VOF GP Ltd. may be deemed to have indirect beneficial ownership of the shares of Common Stock held by VOF Holdings.
Xb Holdings directly holds 2,874,489 shares of Common Stock, constituting approximately 3.8% of the total issued and outstanding shares of Common Stock and has the sole power to vote and dispose of such shares of Common Stock.
Fund GP, in its capacity as the general partner of Xb Holdings, has the ability to direct the management of Xb Holdings business, including the power to vote and dispose of securities held by Xb Holdings; therefore Fund GP may be deemed to beneficially own the shares of Common Stock held by Xb Holdings.
Page 21 of 25 Pages
GP I, in its capacity as the sole shareholder of VOF GP Ltd., has the ability to appoint and remove the directors and direct the management of the business of VOF GP Ltd., including the power to direct the decisions of VOF GP Ltd. regarding the vote and disposition of securities held by VOF Holdings. Additionally, GP I, in its capacity as the managing member of Fund GP, has the ability to direct the management of Fund GPs business, including the power to direct the decisions of Fund GP regarding the vote and disposition of securities held by Xb Holdings. Therefore, GP I may be deemed to have indirect beneficial ownership of the shares of Common Stock held by VOF Holdings and Xb Holdings.
Capital I, in its capacity as the general partner of GP I, has the ability to direct the management of GP Is business, including the power to direct the decisions of GP I regarding the vote and disposition of securities held by VOF Holdings and Xb Holdings; therefore, Capital I may be deemed to have indirect beneficial ownership of the shares of Common Stock held by VOF Holdings and Xb Holdings.
Holdings I, in its capacity as the general partner of Capital I, has the ability to direct the management of Capital Is business, including the power to direct the decisions of Capital I regarding the vote and disposition of securities held by VOF Holdings and Xb Holdings; therefore, Holdings I may be deemed to have indirect beneficial ownership of the shares of Common Stock held by VOF Holdings and Xb Holdings.
Holdings, in its capacity as the managing member of Holdings I, has the ability to direct the management of Holding Is business, including the power to direct the decisions of Holdings I regarding the vote and disposition of securities held by VOF Holdings and Xb Holdings; therefore, Holdings may be deemed to have indirect beneficial ownership of the Shares held by VOF Holdings and Xb Holdings.
Management, in its capacity as the sole director of VOF GP Ltd., has the ability to direct the management of VOF GP Ltd., including the power to direct the decisions of VOF GP Ltd. regarding the vote and disposition of securities held by VOF Holdings; therefore, Management may be deemed to have indirect beneficial ownership of the shares of Common Stock held by VOF Holdings.
Management GP, in its capacity as the general partner of Management, has the ability to direct the management of Managements business, including the power to direct the decisions of Management regarding the vote and disposition of securities held by VOF Holdings; therefore, Management GP may be deemed to have indirect beneficial ownership of the shares of Common Stock held by VOF Holdings.
Atlas, in its capacity as the sole managing member of Management GP, has the ability to direct the management of Management GPs business, including the power to direct the decisions of Management GP regarding the vote and disposition of securities held by VOF GP Ltd.; therefore, Management GP may be deemed to have indirect beneficial ownership of the shares of Common Stock held by VOF Holdings.
OCG, in its capacity as the managing member of Holdings, has the ability to direct the management of Holdings business, including the power to direct the decisions of Holdings regarding the vote and disposition of securities held by VOF Holdings and Xb Holdings; therefore, OCG may be deemed to have indirect beneficial ownership of the shares of Common Stock held by VOF Holdings and Xb Holdings.
OCGH GP, in its capacity as the indirect owner of the class B units of each of OCG and Atlas, has the ability to appoint and remove certain directors of OCG and Atlas and, as such, may indirectly control the decisions of OCG and Atlas regarding the vote and disposition of securities held by VOF Holdings and Xb Holdings; therefore, OCGH GP may be deemed to have indirect beneficial ownership of the Shares held by VOF Holdings and Xb Holdings.
BAM, in its capacity as the indirect owner of the class A units of each of OCG and Atlas, has the ability to appoint and remove certain directors of OCG and Atlas and, as such, may indirectly control the decisions of OCG and Atlas regarding the vote and disposition of securities held by VOF Holdings and Xb Holdings; therefore BAM may be deemed to have indirect beneficial ownership of the Shares held by VOF Holdings and Xb Holdings.
Partners, in its capacity as the sole owner of Class B Limited Voting Shares of BAM, has the ability to appoint and remove certain directors of BAM and, as such, may indirectly control the decisions of BAM regarding the vote and disposition of securities held by VOF Holdings and Xb Holdings; therefore Partners may be deemed to have indirect beneficial ownership of the Shares held by VOF Holdings and Xb Holdings.
Page 22 of 25 Pages
With respect to the shares of Common Stock reported herein, each of the Reporting Persons may be deemed to have sole voting and dispositive power or the sole power to direct the vote and disposition of the number of shares of Common Stock which such Reporting Person may be deemed to beneficially own as set forth above.
Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission by any of the Reporting Persons, other than VOF Holdings and Xb Holdings, that it is the beneficial owner of any of the shares of Common Stock referred to herein for the purposes of Section 13(d) of the Act, or for any other purpose, and such beneficial ownership is expressly disclaimed by each Reporting Person, other than VOF Holdings and Xb Holdings.
To the actual knowledge of the Reporting Persons, none of the Covered Persons directly owns any shares of Common Stock, other than VOF Holdings and Xb Holdings, who directly owns 3,593,111 shares of Common Stock; provided, however, that because of each Covered Persons status as an investment manager, manager, general partner, director, executive officer or member of a Reporting Person, a Covered Person may be deemed to be the beneficial owner of the shares of Common Stock beneficially owned by such Reporting Person. Each of the Covered Persons expressly disclaims beneficial ownership of the shares of the Common Stock reported herein, and the filing of this Schedule 13D shall not be construed as an admission that any such Covered Person is the beneficial owner of any securities covered by this statement, other than VOF Holdings and Xb Holdings for their directly held shares of Common Stock.
(c)
Other than as set forth in this Schedule 13D, the Reporting Persons had no transactions in the shares of Common Stock by the Reporting Persons during the past 60 days.
(d) and (e)
Not applicable.
Item 6. | Contracts, Arrangement, Understandings or Relationships with Respect to Securities of the Issuer. |
Each of the Reporting Persons entered in an agreement (the Joint Filing Agreement) in which the parties agreed to the joint filing on behalf of each of them statements on Schedule 13D with respect to securities of the Company to the extent required by applicable law. The Joint Filing Agreement is attached as an exhibit hereto and is incorporated by reference herein.
VOF GP and Fund GP, as the general partner of VOF Holdings and Xb Holdings, has a carried interest in VOF Holdings and Xb Holdings, respectively.
Except as described above and herein in this Schedule 13D, there are no other contracts, understandings or relationships (legal or otherwise) among the parties named in Item 2 hereto and between such persons and any person with respect to any of the securities of the Company currently owned by VOF Holdings and Xb Holdings.
Item 7. | Material to be Filed as Exhibits. |
The following are filed herewith as Exhibits to this Schedule 13D:
Exhibit |
Description | |
I | A written agreement relating to the filing of the joint acquisition statement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended. |
Page 23 of 25 Pages
SIGNATURES
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: October 5, 2020
OAKTREE VALUE OPPORTUNITIES FUND | ||
HOLDINGS, L.P. | ||
By: | Oaktree Value Opportunities Fund GP, L.P. | |
Its: | General Partner | |
By: | Oaktree Value Opportunities Fund GP Ltd. | |
Its: | General Partner | |
By: | Oaktree Capital Management, L.P. | |
Its: | Director | |
By: | /s/ Henry Orren | |
Name: Henry Orren | ||
Title: | Vice President | |
OAKTREE VALUE OPPORTUNITIES FUND | ||
GP, L.P. | ||
By: | Oaktree Value Opportunities Fund GP Ltd. | |
Its: | General Partner | |
By: | Oaktree Capital Management, L.P. | |
Its: | Director | |
By: | /s/ Henry Orren | |
Name: Henry Orren | ||
Title: | Vice President | |
OAKTREE VALUE OPPORTUNITIES FUND | ||
GP LTD. | ||
By: | Oaktree Capital Management, L.P. | |
Its: | Director | |
By: | /s/ Henry Orren | |
Name: Henry Orren | ||
Title: | Vice President | |
OAKTREE OPPORTUNITIES FUND Xb | ||
HOLDINGS (DELAWARE), L.P. | ||
By: | Oaktree Fund GP, LLC | |
Its: | General Partner | |
By: | Oaktree Fund GP I, L.P. | |
Its: | Managing Member | |
By: | /s/ Henry Orren | |
Name: Henry Orren | ||
Title: | Authorized Signatory |
Page 24 of 25 Pages
OAKTREE FUND GP, LLC | ||
By: | Oaktree Fund GP I, L.P. | |
Its: | Managing Member | |
By: | /s/ Henry Orren | |
Name: Henry Orren | ||
Title: | Authorized Signatory | |
OAKTREE FUND GP I, L.P. | ||
By: | /s/ Henry Orren | |
Name: Henry Orren | ||
Title: | Authorized Signatory | |
OAKTREE CAPITAL I, L.P. | ||
By: | /s/ Henry Orren | |
Name: Henry Orren | ||
Title: | Vice President | |
OCM HOLDINGS I, LLC | ||
By: | /s/ Henry Orren | |
Name: Henry Orren | ||
Title: | Vice President | |
OAKTREE HOLDINGS, LLC | ||
By: | /s/ Henry Orren | |
Name: Henry Orren | ||
Title: | Vice President | |
OAKTREE CAPITAL MANAGEMENT, L.P. | ||
By: | /s/ Henry Orren | |
Name: Henry Orren | ||
Title: | Vice President | |
OAKTREE CAPITAL MANAGEMENT GP, LLC | ||
By: | Atlas OCM Holdings, LLC | |
Its: | Managing Member | |
By: | Oaktree New Holdings, LLC | |
Its: | Member | |
By: | /s/ Henry Orren | |
Name: Henry Orren | ||
Title: | Vice President |
Page 25 of 25 Pages
ATLAS OCM HOLDINGS, LLC | ||
By: | Oaktree New Holdings, LLC | |
Its: | Member | |
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Vice President | |
OAKTREE CAPITAL GROUP, LLC | ||
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Vice President | |
OAKTREE CAPITAL GROUP HOLDINGS GP, | ||
LLC | ||
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Vice President | |
BROOKFIELD ASSET MANAGEMENT INC. | ||
By: | /s/ Justin Beber | |
Name: | Justin Beber | |
Title: | Chief Legal Officer | |
PARTNERS LIMITED | ||
By: | /s/ Brian D. Lawson | |
Name: | Brian D. Lawson | |
Title: Director |
Schedule 13D
EXHIBIT I
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, as amended, each of the undersigned acknowledges and agrees that the foregoing statement on this Schedule 13D is filed on behalf of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of the undersigned without the necessity of filing additional joint acquisition statements. Each of the undersigned acknowledges that it shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
DATE: October 5, 2020
OAKTREE VALUE OPPORTUNITIES FUND | ||
HOLDINGS, L.P. | ||
By: | Oaktree Value Opportunities Fund GP, L.P. | |
Its: | General Partner | |
By: | Oaktree Value Opportunities Fund GP Ltd. | |
Its: | General Partner | |
By: | Oaktree Capital Management, L.P. | |
Its: | Director | |
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Vice President | |
OAKTREE VALUE OPPORTUNITIES FUND | ||
GP, L.P. | ||
By: | Oaktree Value Opportunities Fund GP Ltd. | |
Its: | General Partner | |
By: | Oaktree Capital Management, L.P. | |
Its: | Director | |
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Vice President | |
OAKTREE VALUE OPPORTUNITIES FUND GP LTD. | ||
By: | Oaktree Capital Management, L.P. | |
Its: | Director | |
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Vice President |
OAKTREE OPPORTUNITIES FUND Xb | ||
HOLDINGS (DELAWARE), L.P. | ||
By: | Oaktree Fund GP, LLC | |
Its: | General Partner | |
By: | Oaktree Fund GP I, L.P. | |
Its: | Managing Member | |
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Authorized Signatory | |
OAKTREE FUND GP, LLC | ||
By: | Oaktree Fund GP I, L.P. | |
Its: | Managing Member | |
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Authorized Signatory | |
OAKTREE FUND GP I, L.P. | ||
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Authorized Signatory | |
OAKTREE CAPITAL I, L.P. | ||
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Vice President | |
OCM HOLDINGS I, LLC | ||
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Vice President | |
OAKTREE HOLDINGS, LLC | ||
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Vice President | |
OAKTREE CAPITAL MANAGEMENT, L.P. | ||
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Vice President |
OAKTREE CAPITAL MANAGEMENT GP, LLC | ||
By: | Atlas OCM Holdings, LLC | |
Its: | Managing Member | |
By: | Oaktree New Holdings, LLC | |
Its: | Member | |
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Vice President | |
ATLAS OCM HOLDINGS, LLC | ||
By: | Oaktree New Holdings, LLC | |
Its: | Member | |
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Vice President | |
OAKTREE CAPITAL GROUP, LLC | ||
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Vice President | |
OAKTREE CAPITAL GROUP HOLDINGS GP, LLC | ||
By: | /s/ Henry Orren | |
Name: | Henry Orren | |
Title: | Vice President | |
BROOKFIELD ASSET MANAGEMENT INC. | ||
By: | /s/ Justin Beber | |
Name: | Justin Beber | |
Title: | Chief Legal Officer | |
PARTNERS LIMITED | ||
By: | /s/ Brian D. Lawson | |
Name: | Brian D. Lawson | |
Title: | Director |
Annex A Covered Persons
Each of the individuals identified in this Annex A disclaim beneficial ownership over the shares of Capital Stock reported herein.
Oaktree Value Opportunities Fund Holdings, L.P.
The general partner of Oaktree Value Opportunities Fund Holdings, L.P. is Oaktree Value Opportunities Fund GP, L.P.
Oaktree Value Opportunities Fund GP, L.P.
The general partner of Oaktree Value Opportunities Fund GP, L.P. is Oaktree Value Opportunities Fund GP Ltd.
Oaktree Value Opportunities Fund GP Ltd.
The sole shareholder of Oaktree Value Opportunities Fund GP Ltd. is Oaktree Fund GP I, L.P. and the sole director of Oaktree Value Opportunities Fund GP Ltd. is Oaktree Capital Management, L.P.
Oaktree Opportunities Fund Xb Holdings (Delaware), L.P.
The general partner of Oaktree Opportunities Fund Xb Holdings (Delaware), L.P. is Oaktree Fund GP, LLC.
Oaktree Fund GP, LLC
The managing member of Oaktree Fund GP, LLC is Oaktree Fund GP I, L.P.
Oaktree Fund GP I, L.P.
The general partner of Oaktree Fund GP I, L.P. is Oaktree Capital I, L.P.
Oaktree Capital I, L.P.
The general partner of Oaktree Capital I, L.P. is OCM Holdings I, LLC.
OCM Holdings I, LLC
The managing member of OCM Holdings I, LLC is Oaktree Holdings, LLC.
Oaktree Holdings, LLC
The managing member of Oaktree Holdings, LLC is Oaktree Capital Group, LLC.
Oaktree Capital Management, L.P.
The general partner of Oaktree Capital Management, L.P. is Oaktree Capital Management GP, LLC.
Oaktree Capital Management GP, LLC
The manager of Oaktree Capital Management GP, LLC is Atlas OCM Holdings, LLC.
Atlas OCM Holdings, LLC
The name and principal occupation of each of the directors and executive officers of Atlas OCM Holdings, LLC are listed below.
Name |
Principal Occupation | |
Howard S. Marks | Co-Chairman and Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Co-Chairman of Oaktree Capital Management, L.P. | |
Bruce A. Karsh | Co-Chairman, Chief Investment Officer and Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Co-Chairman and Chief Investment Officer of Oaktree Capital Management, L.P. | |
Jay S. Wintrob | Chief Executive Officer and Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Chief Executive Officer of Oaktree Capital Management, L.P. | |
John B. Frank | Vice Chairman and Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Vice Chairman of Oaktree Capital Management, L.P. | |
Sheldon M. Stone | Principal and Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Principal of Oaktree Capital Management, L.P. | |
Justin Beber | Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, Managing Partner, and Head of Corporate Strategy and Chief Legal Officer for Brookfield Asset Management Inc. | |
Bruce Flatt | Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Chief Executive Officer of Brookfield Asset Management Inc. | |
D. Richard Masson | Owner and general manager of Golden Age Farm, LLC | |
Marna C. Whittington | Retired | |
Steven J. Gilbert | Founder and Chairman of the Board of Gilbert Global Equity Partners, L.P. |
Oaktree Capital Group, LLC
The name and principal occupation of each of the directors and executive officers of Oaktree Capital Group, LLC are listed below.
Name |
Principal Occupation | |
Howard S. Marks | Co-Chairman and Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Co-Chairman of Oaktree Capital Management, L.P. | |
Bruce A. Karsh | Co-Chairman, Chief Investment Officer and Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Co-Chairman and Chief Investment Officer of Oaktree Capital Management, L.P. | |
Jay S. Wintrob | Chief Executive Officer and Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Chief Executive Officer of Oaktree Capital Management, L.P. | |
John B. Frank | Vice Chairman and Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Vice Chairman of Oaktree Capital Management, L.P. | |
Sheldon M. Stone | Principal and Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Principal of Oaktree Capital Management, L.P. | |
Justin Beber | Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, Managing Partner, and Head of Corporate Strategy and Chief Legal Officer for Brookfield Asset Management Inc. | |
Bruce Flatt | Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Chief Executive Officer of Brookfield Asset Management Inc. | |
D. Richard Masson | Owner and general manager of Golden Age Farm, LLC | |
Marna C. Whittington | Retired | |
Steven J. Gilbert | Founder and Chairman of the Board of Gilbert Global Equity Partners, L.P. | |
Daniel D. Levin | Chief Financial Officer of Oaktree Capital Group, LLC and Chief Financial Officer of Oaktree Capital Management, L.P. | |
Todd E. Molz | General Counsel, Chief Administrative Officer and Secretary of Oaktree Capital Group, LLC and General Counsel and Chief Administrative Officer of Oaktree Capital Management, L.P. |
Oaktree Capital Group Holdings GP, LLC
Oaktree Capital Group Holdings GP, LLC is managed by an executive committee. The name and principal occupation of each of the members of the executive committee of Oaktree Capital Group Holdings GP, LLC and its executive officers are listed below.
Name |
Principal Occupation | |
Howard S. Marks | Co-Chairman and Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Co-Chairman of Oaktree Capital Management, L.P. | |
Bruce A. Karsh | Co-Chairman, Chief Investment Officer and Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Co-Chairman and Chief Investment Officer of Oaktree Capital Management, L.P. | |
Jay S. Wintrob | Chief Executive Officer and Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Chief Executive Officer of Oaktree Capital Management, L.P. | |
John B. Frank | Vice Chairman and Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Vice Chairman of Oaktree Capital Management, L.P. | |
Sheldon M. Stone | Principal and Director of Oaktree Capital Group, LLC and Atlas OCM Holdings, LLC, and Principal of Oaktree Capital Management, L.P. |
Brookfield Asset Management Inc.
The name, principal occupation, address and citizenship of each of the directors and executive officers of Brookfield Asset Management Inc. are listed below.
Name and Position of Officer or Director |
Principal Business Address |
Principal Occupation or Employment |
Citizenship | |||
M. Elyse Allan, | 181 Bay Street, Suite 210, Toronto, | Corporate Director | U.S.A. and | |||
Director | Ontario M5J 2T3, Canada | Canada | ||||
Jeffrey M. Blidner, | 181 Bay Street, Suite 300, Toronto, | Vice Chair of Brookfield | Canada | |||
Vice Chair and | Ontario M5J 2T3, Canada | |||||
Director | ||||||
Angela F. Braly, | 832 Alverna Drive, Indianapolis, | Corporate Director | U.S.A. | |||
Director | Indiana 46260 U.S.A. | |||||
Jack L. Cockwell, | 51 Yonge Street, Suite 400, | Chair of Brookfield Partners | Canada | |||
Director | Toronto, Ontario M5E 1J1, Canada | Foundation | ||||
Marcel R. Coutu, | c/o Suite 1210 225 - 6th Ave. S.W., | Corporate Director | Canada | |||
Director | Calgary, Alberta T2P 1N2 | |||||
Murilo Ferreira, | Rua General Venãncio Flores, 50 | Former Chief Executive Officer of | Brazil | |||
Director | Cob 01, Leblon Rio de Janeiro, RJ | Vale SA | ||||
22441-090 | ||||||
J. Bruce Flatt, | One Canada Square, Level 25 | Managing Partner and Chief | Canada | |||
Director and | Canary Wharf, London E14 5AA | Executive Officer of Brookfield | ||||
Managing Partner | U.K. | |||||
and Chief Executive | ||||||
Officer |
Maureen Kempston | 10 Avoca Avenue, Unit 1904, | Corporate Director | Canada | |||
Darkes, Director | Toronto, Ontario M4T 2B7 | |||||
Brian W. Kingston, | 250 Vesey Street, 15th Floor, New | Managing Partner, Chief Executive | Canada | |||
Managing Partner, | York, NY 10281-1023 U.S.A. | Officer Real Estate of Brookfield | ||||
Chief Executive | ||||||
Officer Real Estate | ||||||
Brian D. Lawson, | 181 Bay Street, Suite 300, Toronto, | Vice Chair of Brookfield | Canada | |||
Vice Chair and | Ontario M5J 2T3, Canada | |||||
Director | ||||||
Cyrus Madon, | 181 Bay Street, Suite300, Toronto, | Managing Partner, Chief Executive | Canada | |||
Managing Partner, | Ontario M5J 2T3, Canada | Officer Private Equity of Brookfield | ||||
Chief Executive | ||||||
Officer Private | ||||||
Equity | ||||||
Frank J. McKenna, | TDCT Tower | Chair of Brookfield and Deputy | Canada | |||
Director | 161 Bay Street, 35th Floor | Chair of TD Bank Group, | ||||
Toronto, Ontario | Wholesale | |||||
M5J 2T2, Canada | ||||||
Rafael Miranda, | C/Santiago de Compostela 100 | Corporate Director | Spain | |||
Director | 28035 Madrid, Spain | |||||
Janice Fukakusa, | 181 Bay Street, Suite 300, Toronto, | Corporate Director | Canada | |||
Director | Ontario M5J 2T3, Canada | |||||
Lord Augustine | Frontier Economics, 71 High | Chairman of Frontier Economics | United | |||
Thomas ODonnell, | Holborn, London U.K. WC1V 6DA | Limited | Kingdom | |||
Director | ||||||
Lori Pearson, | 181 Bay Street, Suite 300, Toronto, | Managing Partner and Chief | Canada | |||
Managing Partner | Ontario M5J 2T3, Canada | Operating Officer of Brookfield | ||||
and Chief Operating | ||||||
Officer | ||||||
Samuel J.B. Pollock, | 181 Bay Street, Suite 300, Toronto, | Managing Partner, Chief Executive | Canada | |||
Managing Partner, | Ontario M5J 2T3, Canada | Officer Infrastructure of Brookfield | ||||
Chief Executive | ||||||
Officer Infrastructure | ||||||
Seek Ngee Huat, | 501 Orchard Road, #08 - 01 | Chairman, Global Logistic | Singapore | |||
Director | Wheelock Place, Singapore 238880 | Properties | ||||
Sachin G. Shah, | 181 Bay Street, Suite 300, Toronto, | Managing Partner, Chief Investment | Canada | |||
Managing Partner, | Ontario M5J 2T3, Canada | Officer | ||||
Chief Investment | ||||||
Officer | ||||||
Diana L. Taylor, | c/o Bloomberg, Philanthropies, 25 | Corporate Director | U.S.A. and | |||
Director | East 78th Street, New York, N.Y. | Canada | ||||
10075 | ||||||
Justin Beber, | 181 Bay Street, Suite 300, Toronto, | Managing Partner, Head of | Canada | |||
Managing Partner, | Ontario M5J 2T3, Canada | Corporate Strategy and Chief Legal | ||||
Head of Corporate | Officer of Brookfield | |||||
Strategy and Chief | ||||||
Legal Officer | ||||||
Howard S. Marks, | c/o Oaktree Capital Management, | Co-Chairman, Oaktree Capital | U.S.A | |||
Director | L.P., 333 South Grand Avenue, 28th | Management | ||||
Floor, Los Angeles, California | ||||||
90071 |
Nicholas H. | 181 Bay Street, Suite 300, Toronto, | Managing Partner and Chief | United | |||
Goodman, Managing | Ontario M5J 2T3, Canada | Financial Officer of Brookfield | Kingdom | |||
Partner and Chief | ||||||
Financial Officer | ||||||
Craig Noble, | 181 Bay Street, Suite 300, Toronto, | Managing Partner, Chief Executive | Canada | |||
Managing Partner, | Ontario M5J 2T3, Canada | Officer Alternative Investments of | ||||
Chief Executive | Brookfield | |||||
Officer Alternative | ||||||
Investments |
Partners Limited
The name, principal occupation, address and citizenship of each of the directors and executive officers of Partners Limited are listed below.
Name and Position of Officer or Director |
Principal Business Address |
Principal Occupation or Employment |
Citizenship | |||
Jack L. Cockwell, | 51 Yonge Street, Suite 400 Toronto, | Chairman of Brookfield Partners | Canada | |||
Director and | Ontario M5E 1J1, Canada | Foundation | ||||
Chairman of the | ||||||
Board | ||||||
Brian W. Kingston, | 250 Vesey Street, 15th Floor, New | Managing Partner, Chief Executive | Canada | |||
Director | York, NY 10281-1023 U.S.A. | Real Estate of Brookfield | ||||
Brian D. Lawson, | Vice Chair of Brookfield | Canada | ||||
Director and | 181 Bay Street, Suite 300, Toronto, | |||||
President | Ontario M5J 2T3, Canada | |||||
Cyrus Madon, | 181 Bay Street, Suite 300, Toronto, | Managing Partner, Chief Executive | Canada | |||
Director | Ontario M5J 2T3, Canada | Officer Private Equity of Brookfield | ||||
Timothy R. Price, | 51 Yonge Street, Suite 400, | Corporate Director | Canada | |||
Director | Toronto, Ontario M5E 1J1, Canada | |||||
Samuel J.B. Pollock, | 181 Bay Street, Suite 300, Toronto, | Managing Partner, Chief Executive | Canada | |||
Director | Ontario M5J 2T3, Canada | Officer Infrastructure of Brookfield | ||||
Sachin G. Shah, | Managing Partner, Chief Investment | Canada | ||||
Director | 181 Bay Street, Suite 300, Toronto, | Officer of Brookfield | ||||
Ontario M5J 2T3, Canada | ||||||
Lisa Chu, Treasurer | 181 Bay Street, Suite 300, Toronto, | Senior Vice PresidentFinance of | Canada | |||
Ontario M5J 2T3, Canada | Brookfield | |||||
Lorretta Corso, | 181 Bay Street, Suite 300, Toronto, | Administrator, Corporate Secretary | Canada | |||
Secretary | Ontario M5J 2T3, Canada | of Brookfield | ||||
Tim Wang, Assistant | 181 Bay Street, Suite 300, Toronto, | Manager, Capital Markets and | Canada | |||
Secretary | Ontario M5J 2T3, Canada | Treasury of Brookfield |