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Stonehill Capital Management LLC, et al. – ‘SC 13G’ on 11/7/14 re: Catalyst Paper Corp

On:  Friday, 11/7/14, at 3:25pm ET   ·   Accession #:  1193125-14-403176   ·   File #:  5-79409

Previous ‘SC 13G’:  ‘SC 13G’ on 2/13/14   ·   Next:  ‘SC 13G/A’ on 2/11/15   ·   Latest:  ‘SC 13G’ on 3/4/24

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

11/07/14  Stonehill Capital Management LLC  SC 13G                 1:155K Catalyst Paper Corp               RR Donnelley/FA
          Christopher Wilson
          John Motulsky
          Jonathan Sacks
          Michael Stern
          Michael Thoyer
          Peter Sisitsky
          Stonehill Institutional Partners, L.P.
          Thomas Varkey
          Wayne Teetsel

Statement of Beneficial Ownership   —   Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Statement of Beneficial Ownership                   HTML     76K 


This is an HTML Document rendered as filed.  [ Alternative Formats ]



  SC 13G  

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.     )*

 

 

Catalyst Paper Corp.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

14889B102

(CUSIP Number)

October 31, 2014

(Date of Event which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

x 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 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 2 of 15 Pages

 

  1   

Names of Reporting Persons

 

Stonehill Capital Management LLC

  2  

Check the Appropriate Box If a Member of a Group (See Instructions)

a.  ¨        b.  ¨

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Delaware, USA

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

1,449,468

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

1,449,468

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,449,468

10  

Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

11  

Percent of Class Represented By Amount in Row (9)

 

9.9%

12  

Type of Reporting Person (See Instructions)

 

IA


  Page 3 of 15 Pages

 

  1   

Names of Reporting Persons

 

Stonehill Institutional Partners, L.P.

  2  

Check the Appropriate Box If a Member of a Group (See Instructions)

a.  ¨        b.  ¨

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

Cayman Islands

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

869,681

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

869,681

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

869,681

10  

Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

11  

Percent of Class Represented By Amount in Row (9)

 

6.0%

12  

Type of Reporting Person (See Instructions)

 

CO


  Page 4 of 15 Pages

 

  1   

Names of Reporting Persons

 

John Motulsky

  2  

Check the Appropriate Box If a Member of a Group (See Instructions)

a.  ¨        b.  ¨

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

USA

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

1,449,468

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

1,449,468

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,449,468

10  

Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

11  

Percent of Class Represented By Amount in Row (9)

 

9.9%

12  

Type of Reporting Person (See Instructions)

 

IN, HC


  Page 5 of 15 Pages

 

  1   

Names of Reporting Persons

 

Christopher Wilson

  2  

Check the Appropriate Box If a Member of a Group (See Instructions)

a.  ¨        b.  ¨

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

USA

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

1,449,468

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

1,449,468

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,449,468

10  

Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

11  

Percent of Class Represented By Amount in Row (9)

 

9.9%

12  

Type of Reporting Person (See Instructions)

 

IN, HC


  Page 6 of 15 Pages

 

  1   

Names of Reporting Persons

 

Wayne Teetsel

  2  

Check the Appropriate Box If a Member of a Group (See Instructions)

a.  ¨        b.  ¨

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

USA

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

1,449,468

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

1,449,468

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,449,468

10  

Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

11  

Percent of Class Represented By Amount in Row (9)

 

9.9%

12  

Type of Reporting Person (See Instructions)

 

IN, HC


  Page 7 of 15 Pages

 

  1   

Names of Reporting Persons

 

Thomas Varkey

  2  

Check the Appropriate Box If a Member of a Group (See Instructions)

a.  ¨        b.  ¨

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

USA

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

1,449,468

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

1,449,468

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,449,468

10  

Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

11  

Percent of Class Represented By Amount in Row (9)

 

9.9%

12  

Type of Reporting Person (See Instructions)

 

IN, HC


  Page 8 of 15 Pages

 

  1   

Names of Reporting Persons

 

Jonathan Sacks

  2  

Check the Appropriate Box If a Member of a Group (See Instructions)

a.  ¨        b.  ¨

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

USA

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

1,449,468

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

1,449,468

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,449,468

10  

Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

11  

Percent of Class Represented By Amount in Row (9)

 

9.9%

12  

Type of Reporting Person (See Instructions)

 

IN, HC


  Page 9 of 15 Pages

 

  1   

Names of Reporting Persons

 

Peter Sisitsky

  2  

Check the Appropriate Box If a Member of a Group (See Instructions)

a.  ¨        b.  ¨

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

USA

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

1,449,468

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

1,449,468

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,449,468

10  

Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

11  

Percent of Class Represented By Amount in Row (9)

 

9.9%

12  

Type of Reporting Person (See Instructions)

 

IN, HC


  Page 10 of 15 Pages

 

  1   

Names of Reporting Persons

 

Michael Thoyer

  2  

Check the Appropriate Box If a Member of a Group (See Instructions)

c.  ¨        d.  ¨

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

USA

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

1,449,468

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

1,449,468

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,449,468

10  

Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

11  

Percent of Class Represented By Amount in Row (9)

 

9.9%

12  

Type of Reporting Person (See Instructions)

 

IN, HC


  Page 11 of 15 Pages

 

  1   

Names of Reporting Persons

 

Michael Stern

  2  

Check the Appropriate Box If a Member of a Group (See Instructions)

a.  ¨        b.  ¨

 

  3  

SEC Use Only

 

  4  

Citizenship or Place of Organization

 

USA

Number of

Shares

Beneficially

Owned By

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6   

Shared Voting Power

 

1,449,468

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

1,449,468

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

1,449,468

10  

Check Box If the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

¨

11  

Percent of Class Represented By Amount in Row (9)

 

9.9%

12  

Type of Reporting Person (See Instructions)

 

IN, HC


Page 12 of 15 Pages

 

ITEM 1(a). NAME OF ISSUER:

Catalyst Paper Corp.

ITEM 1(b). ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:

2nd Floor, 3600 Lysander Lane, Richmond, British Columbia, Canada V7B 1C3

ITEM 2(a). NAME OF PERSON FILING:

This initial filing of Schedule 13G is being filed on behalf of the following persons (the “Reporting Persons”):

 

  (i) Stonehill Capital Management LLC (“Management”)

 

  (ii) Stonehill Institutional Partners, L.P. (“Institutional”)

 

  (iii) John Motulsky (“Motulsky”)

 

  (iv) Christopher Wilson (“Wilson”)

 

  (v) Wayne Teetsel (“Teetsel”)

 

  (vi) Thomas Varkey (“Varkey”)

 

  (vii) Jonathan Sacks (“Sacks”)

 

  (viii) Peter Sisitsky (“Sisitsky”)

 

  (ix) Michael Thoyer (“Thoyer”)

 

  (x) Michael Stern (“Stern”)

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:

c/o Stonehill Capital Management LLC

885 Third Avenue

30th Floor

New York, NY 10022

ITEM 2(c). CITIZENSHIP:

 

Management:    

  

Delaware limited liability company

Institutional:

  

Delaware limited partnership

Motulsky:

  

US Citizen

Wilson:

  

US Citizen

Teetsel:

  

US Citizen

Varkey:

  

US Citizen

Sacks:

  

US Citizen

Sisitsky:

  

US Citizen

Thoyer:

  

US Citizen

Stern:

  

US Citizen

ITEM 2(d). TITLE OF CLASS OF SECURITIES:

Common Shares (no par value).

ITEM 2(e). CUSIP NUMBER:

14889B102

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR (C) CHECK WHETHER THE PERSON FILING IS A:

Not applicable.


Page 13 of 15 Pages

 

ITEM 4. OWNERSHIP:

The information in items 1 and 5 through 11 on the cover pages (pp. 2 -11) on this Schedule 13G is hereby incorporated by reference.

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities check the following. ¨

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:

Not applicable.

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:

Not applicable.

ITEM 9. NOTICE OF DISSOLUTION OF GROUP:

Not applicable.

ITEM 10. CERTIFICATION

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


Page 14 of 15 Pages

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: November 7, 2014

 

STONEHILL CAPITAL MANAGEMENT LLC*
By:   /s/ Paul Malek
  Paul Malek
  General Counsel
STONEHILL INSTITUTIONAL PARTNERS, L.P.
By:   /s/ Paul Malek
  Paul Malek
  General Counsel of Stonehill Capital Management LLC, its investment adviser

 

JOHN MOTULSKY*
/s/ Paul Malek
Paul Malek
Attorney-in-Fact for John Motulsky
CHRISTOPHER WILSON*
/s/ Paul Malek
Paul Malek
Attorney-in-Fact for Christopher Wilson
WAYNE TEETSEL*
/s/ Paul Malek
Paul Malek
Attorney-in-Fact for Wayne Teetsel
THOMAS VARKEY*
/s/ Paul Malek
Paul Malek
Attorney-in-Fact for Thomas Varkey
JONATHAN SACKS*
/s/ Paul Malek
Paul Malek
Attorney-in-Fact for Jonathan Sacks
PETER SISITSKY*
/s/ Paul Malek
Paul Malek
Attorney-in-Fact for Peter Sisitsky
MICHAEL THOYER*
/s/ Paul Malek
Paul Malek
Attorney-in-Fact for Michael Thoyer
MICHAEL STERN*
/s/ Paul Malek
Paul Malek
Attorney-in-Fact for Michael Stern

* The Reporting Persons disclaim beneficial ownership in the shares reported herein except to the extent of their pecuniary interest therein, and this report shall not otherwise be deemed an admission that any of them is the beneficial owner of such securities for purposes of Section 13(d) or Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes


Page 15 of 15 Pages

 

EXHIBIT 1

AGREEMENT OF JOINT FILING

Stonehill Capital Management LLC, Stonehill Institutional Partners, L.P., John Motulsky, Christopher Wilson, Wayne Teetsel, Thomas Varkey, Peter Sisitsky, Michael Thoyer, Jonathan Sacks and Michael Stern hereby agree that the Statement on Schedule 13G to which this agreement is attached as an exhibit as well as all future amendments to such Statement, shall be filed jointly on behalf of each of them. This agreement is intended to satisfy the requirements of Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended.

Dated: November 7, 2014

 

STONEHILL CAPITAL MANAGEMENT LLC
By:   /s/ Paul Malek
  Paul Malek
  General Counsel
STONEHILL INSTITUTIONAL PARTNERS, L.P.
By:   /s/ Paul Malek
  Paul Malek
  General Counsel of Stonehill Capital Management LLC, its investment adviser

 

JOHN MOTULSKY
/s/ Paul Malek
Paul Malek
Attorney-in-Fact for John Motulsky
CHRISTOPHER WILSON
/s/ Paul Malek
Paul Malek
Attorney-in-Fact for Christopher Wilson
WAYNE TEETSEL
/s/ Paul Malek
Paul Malek
Attorney-in-Fact for Wayne Teetsel
THOMAS VARKEY
/s/ Paul Malek
Paul Malek
Attorney-in-Fact for Thomas Varkey
JONATHAN SACKS
/s/ Paul Malek
Paul Malek
Attorney-in-Fact for Jonathan Sacks
PETER SISITSKY
/s/ Paul Malek
Paul Malek
Attorney-in-Fact for Peter Sisitsky
MICHAEL THOYER
/s/ Paul Malek
Paul Malek
Attorney-in-Fact for Michael Thoyer
MICHAEL STERN
/s/ Paul Malek
Paul Malek
Attorney-in-Fact for Michael Stern

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘SC 13G’ Filing    Date    Other Filings
Filed on:11/7/146-K
10/31/146-K
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