UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
DARLING INTERNATIONAL, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
237266101
(CUSIP Number)
Ms. Sonia E. Gardner with a copy to:
Avenue Capital Group, LLC Matthew S. Eisenberg, Esq.
535 Madison Avenue Cobb & Eisenberg LLC
15th Floor 329 Riverside Avenue, 2nd Floor
New York, New York 10022 Westport, CT 06880
(212) 850-7519 (203) 222-1940
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
August 17, 2004
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box |_|.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 22 pages
CUSIP No. 237266101 13D Page 2 of 22 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
GL Partners II, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 3,103,730
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
3,103,730
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,103,730**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 3 of 22 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Capital Partners II, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 3,103,730
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
3,103,730
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,103,730**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 4 of 22 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Special Situations Fund II, LP
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 3,103,730
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
3,103,730
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,103,730**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.9%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 5 of 22 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Capital Management II, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 5,473,730
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
5,473,730
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,473,730**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.6%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 6 of 22 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Investments, LP
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 270,000
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
270,000
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
270,000**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 7 of 22 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Partners, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 270,000
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
270,000
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
270,000**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.4%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 8 of 22 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Advisors, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
0
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0***
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
---------- -----------------------------------------------------------
*** See Item 5.
CUSIP No. 237266101 13D Page 9 of 22 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue International, Ltd.
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 990,000
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
990,000
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
990,000**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.5%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 10 of 22 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue International Advisors, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
0
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
0***
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.0%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
---------- -----------------------------------------------------------
*** See Item 5.
CUSIP No. 237266101 13D Page 11 of 22 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Special Situations Fund III, LP
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,110,000
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
1,110,000
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,110,000**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 12 of 22 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Capital Partners III, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,110,000
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
1,110,000
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,110,000**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 13 of 22 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
GL Partners III, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 1,110,000
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
1,110,000
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,110,000**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.7%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 14 of 22 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Marc Lasry
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e):
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 0
SHARES ------ ------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 5,473,730
EACH ------ ------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 0
WITH ------ ------------------------------------------
10 SHARED DISPOSITIVE POWER
5,473,730
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,473,730**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.6%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
The following constitutes Amendment No. 2 ("Amendment No. 2") to the
Schedule 13D filed by the undersigned on September 22, 2003, as amended by
Amendment No. 1 filed by the undersigned on April 22, 2004 (the "Schedule 13D").
This Amendment No. 2 amends the Schedule 13D as specifically set forth. Defined
terms not otherwise defined herein shall have the meanings ascribed to them in
the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration
Item 3 is hereby amended by adding the following at the end thereof:
As of July 1, 2004, certain firm investment advisory functions and
responsibilities were reallocated internally. As a result of such reallocations,
270,000 shares of Common Stock previously reported as being beneficially owned
by Avenue Advisors, LLC and 990,000 shares of Common Stock previously reported
as being beneficially owned by Avenue International Advisors, LLC, are now
beneficially owned by Avenue Capital Management II, LLC. No consideration was
paid or received by the above referenced entities in connection with the changes
in beneficial ownership.
Item 5. Interest in Securities of the Issuer
Item 5(a) is hereby amended and restated in its entirety to read as follows:
(a) According to information set forth in the Company's Quarterly Report on
Form 10-Q for the fiscal quarter ended July 3, 2004, there were 63,897,346
shares of Common Stock issued and outstanding at August 10, 2004. Based
upon such information, and taking into account the transactions described
in Item 5(c) below, as of the date hereof the Reporting Persons report
beneficial ownership as follows:
a. Avenue Investments, LP owns directly 270,000 shares of Common Stock,
constituting 0.4% of the Company's outstanding shares, which shares
may be deemed to be beneficially indirectly owned by Avenue Partners,
LLC (in its capacity as general partner), Avenue Capital Management
II, LLC (in its capacity as investment advisor), and Mr. Lasry as
described below;
b. Avenue International, Ltd. owns directly 990,000 shares of Common
Stock, constituting 1.5% of the Company's outstanding shares, which
shares may be deemed to be beneficially indirectly owned by Avenue
Capital Management II, LLC (in its capacity as investment advisor),
and Mr. Lasry as described below;
c. Avenue Special Situations Fund II, LP owns directly 3,103,730 shares
of Common Stock, constituting approximately 4.9% of the Company's
outstanding shares, which shares may be deemed to be beneficially
indirectly owned by Avenue Capital Partners II, LLC (in its capacity
as general partner), GL Partners II, LLC (in its capacity as managing
member of the general partner), Avenue Capital Management II, LLC (in
its capacity as investment advisor), and Mr. Lasry as described below;
d. Avenue Special Situations Fund III, LP owns directly 1,110,000 shares
of Common Stock, constituting 1.7% of the Company's outstanding
shares, which shares may be deemed to be beneficially indirectly owned
by Avenue Capital Partners III, LLC (in its capacity as general
partner), GL Partners III, LLC (in its capacity as managing member of
the general partner), Avenue Capital Management II, LLC (in its
capacity as investment advisor), and Mr. Lasry as described below;
e. As the result of an internal reallocation of investment advisory
functions and responsibilities, the shares of Common Stock previously
deemed to be beneficially owned by Avenue Advisors, LLC and Avenue
International Advisors, LLC, are now deemed to be beneficially owned
by Avenue Capital Management II, LLC.
As of the date hereof, Mr. Lasry, in his capacity as principal control person of
all of the other Reporting Persons, may be deemed to own beneficially indirectly
5,473,730 shares of Common Stock, constituting approximately 8.6% of the
Company's outstanding shares, which figure includes the shares owned directly by
Avenue Investments, LP, Avenue International, Ltd., Avenue Special Situations
Fund II, LP, and Avenue Special Situations Fund III, LP, described above.
Item 5(c) is hereby amended and restated in its entirety to read as follows:
As of July 1, 2004, certain firm investment advisory functions and
responsibilities were reallocated internally. As a result of such reallocations,
270,000 shares of Common Stock previously reported as being beneficially owned
by Avenue Advisors, LLC and 990,000 shares of Common Stock previously reported
as being beneficially owned by Avenue International Advisors, LLC, are now
beneficially owned by Avenue Capital Management II, LLC. No consideration was
paid or received by the above referenced entities in connection with the changes
in beneficial ownership.
During the last 60 days, the Reporting Persons sold the following shares of
Common Stock on the open market (which does not include the sale on April 12,
2004, by Avenue Special Situations Fund II, LP of 50,000 shares at $3.76 per
share, which sale has not previously been reported):
Entity Trade Date Shares Price/Share
------ ---------- ------ -----------
Avenue Special Situations Fund II, LP 08/17/2004 1,100,000 $4.05
Avenue Special Situations Fund II, LP 08/18/2004 1,400,000 $3.95
Signatures
After reasonable inquiry and to the best of my (our) knowledge and belief,
I (we) certify that the information set forth in this statement is true,
complete and correct.
Date: August 23, 2004
Avenue Investments, LP
By: Avenue Partners, LLC
Its general partner
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Partners, LLC
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Advisors, LLC
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue International, Ltd.
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Director
Avenue International Advisors, LLC
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Special Situations Fund II, LP
By: Avenue Capital Partners II, LLC
Its general partner
By: GL Partners II, LLC
Its managing member
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Capital Partners II, LLC
By: GL Partners II, LLC,
Its managing member
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
GL Partners II, LLC
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Special Situations Fund III, LP
By: Avenue Capital Partners III, LLC
Its general partner
By: GL Partners III, LLC
Its managing member
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Capital Partners III, LLC
By: GL Partners III, LLC,
Its managing member
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
GL Partners III, LLC
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Capital Management II, LLC
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
/s/ Marc Lasry
-----------------------------
Marc Lasry, an individual
Joint Filing Agreement
Avenue Partners, LLC and Avenue Advisors, LLC, each a New York limited liability
company; Avenue International Advisors, LLC, Avenue Capital Partners II, LLC, GL
Partners II, LLC, Avenue Capital Partners III, LLC, GL Partners III, LLC and
Avenue Capital Management II, LLC, each a Delaware limited liability company;
Avenue Investments, LP, Avenue Special Situations Fund II, LP, and Avenue
Special Situations Fund III, LP, each a Delaware limited partnership; Avenue
International, Ltd., a Cayman Islands exempted company; and Marc Lasry, an
individual, hereby agree to file jointly the statement on Schedule 13D to which
this Agreement is attached and any amendments thereto which may be deemed
necessary, pursuant to Regulation 13D-G under the Securities Exchange Act of
1934.
It is understood and agreed that each of the parties hereto is responsible for
the timely filing of such statement and any amendments thereto, and for the
completeness and accuracy of the information concerning such party contained
therein, but such party is not responsible for the completeness and accuracy of
information concerning any other party unless such party knows or has reason to
believe such information is inaccurate.
It is understood and agreed that a copy of this Agreement shall be attached as
an exhibit to the statement on Schedule 13D, and any amendments thereto, filed
on behalf of each of the parties hereto.
Dated: August 23, 2004
Avenue Investments, LP
By: Avenue Partners, LLC
Its general partner
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Partners, LLC
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Advisors, LLC
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue International, Ltd.
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Director
Avenue International Advisors, LLC
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Special Situations Fund II, LP
By: Avenue Capital Partners II, LLC
Its general partner
By: GL Partners II, LLC
Its managing member
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Capital Partners II, LLC
By: GL Partners II, LLC,
Its managing member
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
GL Partners II, LLC
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Special Situations Fund III, LP
By: Avenue Capital Partners III, LLC
Its general partner
By: GL Partners III, LLC
Its managing member
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Capital Partners III, LLC
By: GL Partners III, LLC,
Its managing member
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
GL Partners III, LLC
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
Avenue Capital Management II, LLC
/s/ Marc Lasry
-----------------------------
By: Marc Lasry
Title: Managing Member
/s/ Marc Lasry
-----------------------------
Marc Lasry, an individual