-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KxluqdXr9xXQh0xIqtbk2LT0pWNOKXjqcq3yiyTtiedS8KUMBbi4qbh8GwO4u08V ANw1G3PxM2gUTzYDbMsiGg== 0000912057-00-008764.txt : 20000229 0000912057-00-008764.hdr.sgml : 20000229 ACCESSION NUMBER: 0000912057-00-008764 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20000228 GROUP MEMBERS: CANPARTNERS INVESTMENTS IV, LLC GROUP MEMBERS: CANYON CAPITAL ADVISORS LLC /ADV GROUP MEMBERS: JOSHUA S. FRIEDMAN GROUP MEMBERS: MITCHELL R. JULIS GROUP MEMBERS: R. CHRISTIAN B. EVENSEN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST AVIATION SERVICES INC CENTRAL INDEX KEY: 0001025743 STANDARD INDUSTRIAL CLASSIFICATION: AIRCRAFT ENGINES & ENGINE PARTS [3724] IRS NUMBER: 061419064 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: SEC FILE NUMBER: 005-51583 FILM NUMBER: 555833 BUSINESS ADDRESS: STREET 1: 15 RIVERSIDE AVE CITY: WESTPORT STATE: CT ZIP: 06880-4214 BUSINESS PHONE: 2032913303 MAIL ADDRESS: STREET 1: 15 RIVERSIDE AVE CITY: WESTPORT STATE: CT ZIP: 06880-4214 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CANYON CAPITAL ADVISORS LLC /ADV CENTRAL INDEX KEY: 0001062244 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 954688436 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 9665 WILSHIRE BLVD STREET 2: STE 200 CITY: BEVERLY HILLS STATE: CA ZIP: 90212 BUSINESS PHONE: 3102472700 MAIL ADDRESS: STREET 1: 9665 WILSHIRE BLVD STREET 2: SUITE 200 CITY: BEVERLY HILLS STATE: CA ZIP: 90212 FORMER COMPANY: FORMER CONFORMED NAME: CANYON CAPITAL ADVISORS LLC /ADV DATE OF NAME CHANGE: 19980710 SC 13G/A 1 SCHEDULE 13G/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 13G (RULE 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b) (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(b) (AMENDMENT NO. 1 )(1) --- FIRST AVIATION SERVICES INC. ---------------------------- (Name of Issuer) COMMON STOCK ------------ (Title of Class of Securities) 31865 W 108 ----------- (CUSIP Number) FEBRUARY 25, 2000 ----------------- (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) - ----------------------------------- (1) 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 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 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 9 - --------------------- --------------------- CUSIP NO. 31865 W 108 13G Page 2 of 9 - --------------------- --------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: CANYON CAPITAL ADVISORS LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION DELAWARE - -------------------------------------------------------------------------------- NUMBER 5 SOLE VOTING POWER OF 917,635 ----------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY 0 ----------------------------------------------------- OWNED BY 7 SOLE DISPOSITIVE POWER EACH 917,635 ----------------------------------------------------- REPORTING 8 SHARED DISPOSITIVE POWER PERSON WITH 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 917,635 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- --------------------- CUSIP NO. 31865 W 108 13G Page 3 of 9 - --------------------- --------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: CANPARTNERS INVESTMENTS IV, LLC I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION CALIFORNIA - -------------------------------------------------------------------------------- NUMBER 5 SOLE VOTING POWER OF 0 ----------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY 917,635 ----------------------------------------------------- OWNED BY 7 SOLE DISPOSITIVE POWER EACH 0 ----------------------------------------------------- REPORTING 8 SHARED DISPOSITIVE POWER PERSON WITH 917,635 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 917,635 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* OO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- --------------------- CUSIP NO. 31865 W 108 13G Page 4 of 9 - --------------------- --------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: MITCHELL R. JULIS I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- NUMBER 5 SOLE VOTING POWER OF 0 ----------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY 917,635 ----------------------------------------------------- OWNED BY 7 SOLE DISPOSITIVE POWER EACH 0 ----------------------------------------------------- REPORTING 8 SHARED DISPOSITIVE POWER PERSON WITH 917,635 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 917,635 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- --------------------- CUSIP NO. 31865 W 108 13G Page 5 of 9 - --------------------- --------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON: JOSHUA S. FRIEDMAN I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY): - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- NUMBER 5 SOLE VOTING POWER OF 0 ----------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY 917,635 ----------------------------------------------------- OWNED BY 7 SOLE DISPOSITIVE POWER EACH 0 ----------------------------------------------------- REPORTING 8 SHARED DISPOSITIVE POWER PERSON WITH 917,635 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 917,635 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! - --------------------- --------------------- CUSIP NO. 31865 W 108 13G Page 6 of 9 - --------------------- --------------------- - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS R. CHRISTIAN B. EVENSEN I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) /X/ (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION UNITED STATES - -------------------------------------------------------------------------------- NUMBER 5 SOLE VOTING POWER OF 0 ----------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY 917,635 ----------------------------------------------------- OWNED BY 7 SOLE DISPOSITIVE POWER EACH 0 ----------------------------------------------------- REPORTING 8 SHARED DISPOSITIVE POWER PERSON WITH 917,635 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 917,635 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / / - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IN - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT! ITEM 1(a). NAME OF ISSUER: First Aviation Services Inc. ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 15 Riverside Avenue Westport, Connecticut 06880-4214 ITEM 2(a). NAME OF PERSON FILING: This Schedule 13G is being filed on behalf of the following persons*: (i) Canyon Capital Advisors LLC ("CCA") (ii) Canpartners Investments IV, LLC ("Canpartners IV") (iii) Mitchell R. Julis (iv) Joshua S. Friedman (v) R. Christian B. Evensen CCA is the investment advisor to the following persons: (i) The Value Realization Fund, L.P. ("VRF") (ii) The Value Realization Fund B, L.P. ("VRFB") (iii) The Canyon Value Realization Fund (Cayman), Ltd. ("CVRF") (iv) GRS Partners II ("GRS") * Attached as Exhibit A is a copy of an agreement among the persons filing (as specified hereinabove) that this Schedule 13G is being filed on behalf of each of them. ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE: The principal business office of the persons comprising the group filing this Schedule 13G is located at 9665 Wilshire Boulevard, Suite 200, Beverly Hills, CA 90212. ITEM 2(c). CITIZENSHIP: CCA a Delaware limited liability company Canpartners IV: a California limited liability company VRF: a Delaware limited partnership VRFB: a Delaware limited partnership CVRF: a Cayman Island company GRS: an Illinois general partnership Mitchell R. Julis: United States Joshua S. Friedman: United States R. Christian B. Evensen: United States Page 7 of 9 ITEM 2(d). TITLE OF CLASS OF SECURITIES: The class of securities beneficially owned by the persons filing this statement is common stock. ITEM 2(e). CUSIP NUMBER: 31865 W 108 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: ONE OF THE FOLLOWING Not applicable. ITEM 4. OWNERSHIP: The information in items 1 and 5 through 11 on the cover pages (pp. 2 - 6) 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 person has 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: The shares reported on this Schedule 13G are held by Canpartners IV for the accounts of VRF, VRFB, CVRF and GRS. CCA is an investment advisor to various managed accounts, including VRF, VRFB, CVRF, and GRS, with the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the securities held by such managed accounts. Messrs. Julis, Friedman and Evensen are the sole general partners of entities which own 100% of CCA. 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. Page 8 of 9 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. 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: February 25, 2000 CANPARTNERS INVESTMENTS IV, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY BY: CANPARTNERS INCORPORATED, A CALIFORNIA CORPORATION, AN AUTHORIZED MEMBER By: /s/ Joshua S. Friedman ------------------------------- Name: Joshua S. Friedman Title: Vice President CANYON CAPITAL ADVISORS LLC, A DELAWARE LIMITED LIABILITY COMPANY By: /s/ Joshua S. Friedman ------------------------------- Name: Joshua S. Friedman Title: Managing Director JOSHUA S. FRIEDMAN /s/ Joshua S. Friedman - ----------------------------- MITCHELL R. JULIS /s/ Mitchell R. Julis - ----------------------------- R. CHRISTIAN B. EVENSEN /s/ R. Christian B. Evensen - ----------------------------- Page 9 of 9 EX-99.A 2 EXHIBIT 99.A EXHIBIT 99A AGREEMENT REGARDING JOINT FILING The undersigned hereby agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the common stock of First Aviation Services Inc. Dated: February 25, 2000 CANPARTNERS INVESTMENTS IV, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY BY: CANPARTNERS INCORPORATED, A CALIFORNIA CORPORATION, AN AUTHORIZED MEMBER By: /s/ Joshua S. Friedman ------------------------------- Name: Joshua S. Friedman Title: Vice President CANYON CAPITAL ADVISORS LLC, A DELAWARE LIMITED LIABILITY COMPANY By: /s/ Joshua S. Friedman ------------------------------- Name: Joshua S. Friedman Title: Managing Director JOSHUA S. FRIEDMAN /s/ Joshua S. Friedman - ----------------------------- MITCHELL R. JULIS /s/ Mitchell R. Julis - ----------------------------- R. CHRISTIAN B. EVENSEN /s/ R. Christian B. Evensen - ----------------------------- -----END PRIVACY-ENHANCED MESSAGE-----