UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
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 2600 Post Road
New York, New York 10022 Southport, CT 06890
(212) 850-7519 (203) 254-0000
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and Communications)
April 20, 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 21 pages
CUSIP No. 237266101 13D Page 2 of 21 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
GL Partners II, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
0
------ ------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 5,653,730
BENEFICIALLY ------ ------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 5,653,730
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,653,730**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.9%
---------- -----------------------------------------------------------
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 21 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Capital Partners II, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
0
------ ------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 5,653,730
BENEFICIALLY ------ ------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 5,653,730
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,653,730**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.9%
---------- -----------------------------------------------------------
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 21 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Special Situations Fund II, LP
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
0
------ ------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 5,653,730
BENEFICIALLY ------ ------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 5,653,730
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
5,653,730**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.9%
---------- -----------------------------------------------------------
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 21 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Capital Management II, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
0
------ ------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 6,763,730
BENEFICIALLY ------ ------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 6,763,730
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
6,763,730**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.6%
---------- -----------------------------------------------------------
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 21 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Investments, LP
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
0
------ -------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 270,000
BENEFICIALLY ------ -------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ -------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 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 21 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Partners, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
0
------ ------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 270,000
BENEFICIALLY ------ ------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 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 21 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
0
------ ------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 270,000
BENEFICIALLY ------ ------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ ------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 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 9 of 21 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue International, Ltd.
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
0
------ -------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 990,000
BENEFICIALLY ------ -------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ -------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 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)
1.6%
---------- -----------------------------------------------------------
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 21 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
0
------ -------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 990,000
BENEFICIALLY ------ -------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ -------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 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)
1.6%
---------- -----------------------------------------------------------
14 TYPE OF REPORTING PERSON*
OO
---------- -----------------------------------------------------------
** Includes shares reported herein as beneficially owned by other reporting
persons. See Item 5.
CUSIP No. 237266101 13D Page 11 of 21 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Special Situations Fund III, LP
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
0
------ -------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 1,110,000
BENEFICIALLY ------ -------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ -------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 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 21 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Avenue Capital Partners III, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
0
------ -------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 1,110,000
BENEFICIALLY ------ -------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ -------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 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 21 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
GL Partners III, LLC
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
0
------ -------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 1,110,000
BENEFICIALLY ------ -------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ -------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 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 21 Pages
---------- -----------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Marc Lasry
---------- -----------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
---------- -----------------------------------------------------------
3 SEC USE ONLY
---------- -----------------------------------------------------------
4 SOURCE OF FUNDS*
N/A
---------- -----------------------------------------------------------
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e)
---------- -----------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
---------- -----------------------------------------------------------
7 SOLE VOTING POWER
0
------ -------------------------------------------
NUMBER OF 8 SHARED VOTING POWER
SHARES 8,023,730
BENEFICIALLY ------ -------------------------------------------
OWNED BY 9 SOLE DISPOSITIVE POWER
EACH 0
REPORTING ------ -------------------------------------------
PERSON 10 SHARED DISPOSITIVE POWER
WITH 8,023,730
---------- -----------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
8,023,730**
---------- -----------------------------------------------------------
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES*
N/A
---------- -----------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
12.6%
---------- -----------------------------------------------------------
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. 1 ("Amendment No. 1") to the
Schedule 13D filed by the undersigned on September 22, 2003(the "Schedule 13D").
This Amendment No. 1 amends the Schedule 13D as specifically set forth. Defined
terms not otherwise defined herein shall have the meanings ascribed to them in
the Schedule 13D.
Item 5. Interest in Securities of the Issuer
Item 5(a) is hereby amended and restated in its entirety to read as follows:
(a) According to information set forth in the Company's Annual Report on Form
10-K for the fiscal year ended January 3, 2004, there were 63,726,060 shares of
Common Stock issued and outstanding at March 16, 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 Advisors, 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 1.6% of the Company's outstanding shares, which shares may be
deemed to be beneficially indirectly owned by Avenue International Advisors, LLC
(in its capacity as investment advisor) and Mr. Lasry as described below;
c. Avenue Special Situations Fund II, LP owns directly 5,653,730 shares of
Common Stock, constituting approximately 8.9% 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;
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
8,023,730 shares of Common Stock, constituting approximately 12.6% 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, as described above.
Item 5(c) is hereby amended and restated in its entirety to read as follows:
(c) During the last 60 days, the Reporting Persons sold the following shares of
Common Stock on the open market:
Entity Trade Date Shares Price/Share
------ ---------- ------ -----------
Avenue Special Situations Fund II, LP 03/30/2004 87,800 $3.5595
Avenue Special Situations Fund II, LP 03/31/2004 255,500 $3.5576
Avenue Special Situations Fund II, LP 04/08/2004 90,000 $3.6313
Avenue Special Situations Fund II, LP 04/19/2004 50,000 $3.7754
Avenue Special Situations Fund II, LP 04/19/2004 50,000 $3.7239
Avenue Special Situations Fund II, LP 04/20/2004 481,500 $4.1151
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: April 22, 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: April 22, 2004
Avenue Investments, LP
By: Avenue Partners, LLC
Its general partner
/s/ Marc Lasry
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By: Marc Lasry
Title: Managing Member
Avenue Partners, LLC
/s/ Marc Lasry
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By: Marc Lasry
Title: Managing Member
Avenue Advisors, LLC
/s/ Marc Lasry
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By: Marc Lasry
Title: Managing Member
Avenue International, Ltd.
/s/ Marc Lasry
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By: Marc Lasry
Title: Director
Avenue International Advisors, LLC
/s/ Marc Lasry
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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
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By: Marc Lasry
Title: Managing Member
Avenue Capital Partners II, LLC
By: GL Partners II, LLC
Its managing member
/s/ Marc Lasry
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By: Marc Lasry
Title: Managing Member
GL Partners II, LLC
/s/ Marc Lasry
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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
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By: Marc Lasry
Title: Managing Member
Avenue Capital Partners III, LLC
By: GL Partners III, LLC
Its managing member
/s/ Marc Lasry
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By: Marc Lasry
Title: Managing Member
GL Partners III, LLC
/s/ Marc Lasry
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By: Marc Lasry
Title: Managing Member
Avenue Capital Management II, LLC
/s/ Marc Lasry
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By: Marc Lasry
Title: Managing Member
/s/ Marc Lasry
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Marc Lasry, an individual