UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
DANA HOLDING CORPORATION
(NAME OF ISSUER)
Common Stock $0.01 par value
(TITLE OF CLASS OF SECURITIES)
235825205
(CUSIP NUMBER)
June 2, 2008
(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*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 in 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).
CUSIP NO. 235825205 Page 1 of 3 Pages
13G
1. NAME OF REPORTING PERSONS
Avenue Capital Management II, L.P.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
None.
6. SHARED VOTING POWER
7,035,791
7. SOLE DISPOSITIVE POWER
None.
8. SHARED DISPOSITIVE POWER
7,035,791
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,035,791
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.9%
12. TYPE OF REPORTING PERSON
IA
CUSIP NO. 235825205 Page 2 of 3 Pages
13G
1. NAME OF REPORTING PERSONS
Avenue Capital Management II GenPar, LLC
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
None.
6. SHARED VOTING POWER
7,035,791
7. SOLE DISPOSITIVE POWER
None.
8. SHARED DISPOSITIVE POWER
7,035,791
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,035,791
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.9%
12. TYPE OF REPORTING PERSON
HC
CUSIP NO. 235825205 Page 3 of 3 Pages
13G
1. NAME OF REPORTING PERSONS
Marc Lasry
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [x]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF SHARES BENEFICIALLY OWNED
BY EACH REPORTING PERSON WITH:
5. SOLE VOTING POWER
None.
6. SHARED VOTING POWER
7,035,791
7. SOLE DISPOSITIVE POWER
None.
8. SHARED DISPOSITIVE POWER
7,035,791
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,035,791
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.9%
12. TYPE OF REPORTING PERSON
HC
ITEM 1.
(A) NAME OF ISSUER: Dana Holding Corporation
(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
4500 Dorr Street
Toledo, Ohio 43615
ITEM 2.
(A) NAMES OF PERSONS FILING: See Cover Pages, Item 1.
(B) ADDRESS OR PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
c/o Avenue Capital Management II, L.P.
535 Madison Avenue, 15th Floor
New York, NY 10022
(C) CITIZENSHIP: See Cover Pages, Item 4.
(D) TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.01 (including
securities which represent a right to acquire Common Stock pursuant to
Rule 13d-3(d)(1))
(E) CUSIP NO.: 235825205
ITEM 3. STATEMENT FILED PURSUANT TO RULES 13D-1(B), OR 13D-2(B) OR (C):
Avenue Capital Management II, L.P. is filing as an investment adviser in
accordance with Rule 13d-1(b)(1)(ii)(E).
Avenue Capital Management II GenPar, LLC is filing as a parent holding
company or control person in accordance with Rule 13d-1(b)(1)(ii)(G).
Marc Lasry is filing as a parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G).
ITEM 4. OWNERSHIP
See Cover Pages, Items 5 through 11.
The approximate percentages of shares of Common Stock reported as
beneficially owned by the Reporting Persons (as defined below) are based
upon 98,979,254 shares of Common Stock outstanding as of May 1, 2008, as
reported by the Issuer in its Quarterly Report on Form 10-Q filed on May
12, 2008. The approximate percentages are percentages of outstanding
stock and have been calculated by including 2,993,510 shares of Common
Stock issuable upon conversion of the shares of the Issuer's Series B
Preferred Stock held by the Reporting Persons at the conversion price
reported by the Issuer in its Form 8-K filed on April 22, 2008 as such
shares are convertible into Common Stock within 60 days of the date
hereof.
Collectively, the securities reported in this Schedule 13G were held
as of the date hereof by Avenue Investments, L.P., a Delaware limited
partnership, Avenue Special Situations Fund V, L.P., a Delaware limited
partnership, Avenue Special Situations Fund IV, L.P., a Delaware limited
partnership, Avenue-CDP Global Opportunities Fund, L.P. a Cayman Islands
exempted limited partnership, and Avenue International Master, L.P., a
Cayman Islands exempted limited partnership (collectively, the "Avenue
Entities"). Avenue Capital Management II, L.P. is an investment adviser
to each of the Avenue Entities.
Avenue Capital Management II GenPar, LLC is the General Partner of Avenue
Capital Management II, L.P. and Marc Lasry is the Managing Member of
Avenue Capital Management II GenPar, LLC. Avenue Capital Management II,
L.P., Avenue Capital Management II GenPar, LLC, and Marc Lasry are
collectively referred to as the "Reporting Persons" in this Schedule 13G.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON.
Avenue Capital Management II GenPar, LLC and Marc Lasry are each filing
this Schedule pursuant to Rule 13d-1(b)(1)(ii)(G). Avenue Capital
Management II GenPar, LLC is the general partner of Avenue Capital
Management II, L.P., which is filing this Schedule pursuant to Rule 13d-
1(b)(1)(ii)(E) as it is an investment adviser registered under the
Investment Advisers Act of 1940, as amended. Marc Lasry is the Managing
Member of Avenue Capital Management II GenPar, LLC.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATIONS.
By signing below, each of the undersigned certifies that, to the best of
his or its individual knowledge and belief, the securities referred to
above were acquired, and are held, in the ordinary course of business,
were not acquired, and are not held, for the purpose, or with the effect,
of changing or influencing the control of the issuer of the securities,
and were not acquired, and are not held, by the undersigned in connection
with, or as a participant in, any transaction having such purpose or
effect.
SIGNATURE
After reasonable inquiry and to the best of the knowledge and belief of the
undersigned, each of the undersigned certifies that the information set forth in
this statement with respect to such entity or individual is true, complete and
correct.
Dated: July 28, 2008
AVENUE CAPITAL MANAGEMENT II, L.P.
By: Avenue Capital Management II
GenPar, LLC,
its General Partner
/s/Marc Lasry
By: Marc Lasry
Its: Managing Member
AVENUE CAPITAL MANAGEMENT II GENPAR,
LLC
/s/Marc Lasry
By: Marc Lasry
Its: Managing Member
/s/Marc Lasry
Name: Marc Lasry
Capacity: Individually
INDEX TO EXHIBITS
EXHIBIT A Agreement of Reporting Persons
EXHIBIT A
AGREEMENT OF REPORTING PERSONS
Each of the undersigned hereby agree to file jointly this Schedule 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 this Schedule 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 this Schedule, and any amendments thereto, filed on behalf of each
of the parties hereto.
Dated: July 28, 2008
AVENUE CAPITAL MANAGEMENT II, L.P.
By: Avenue Capital Management II
GenPar, LLC,
its General Partner
/s/Marc Lasry
By: Marc Lasry
Its: Managing Member
AVENUE CAPITAL MANAGEMENT II GENPAR,
LLC
/s/Marc Lasry
By: Marc Lasry
Its: Managing Member
/s/Marc Lasry
Name: Marc Lasry
Capacity: Individually