0001140361-14-012425.txt : 20140312 0001140361-14-012425.hdr.sgml : 20140312 20140312171806 ACCESSION NUMBER: 0001140361-14-012425 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20140312 DATE AS OF CHANGE: 20140312 GROUP MEMBERS: LMA SPC ON BEHALF OF MAP 98 SEGREGATED PORTFOLIO GROUP MEMBERS: OCEANA MASTER FUND LTD. GROUP MEMBERS: PENTWATER EQUITY OPPORTUNITIES MASTER FUND LTD. GROUP MEMBERS: PWCM MASTER FUND LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: American Standard Energy Corp. CENTRAL INDEX KEY: 0001349976 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 202791397 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-86343 FILM NUMBER: 14688546 BUSINESS ADDRESS: STREET 1: 4800 NORTH SCOTTSDALE ROAD STREET 2: SUITE 1400 CITY: SCOTTSDALE STATE: AZ ZIP: 85281 BUSINESS PHONE: (757) 961-0866 MAIL ADDRESS: STREET 1: 4800 NORTH SCOTTSDALE ROAD STREET 2: SUITE 1400 CITY: SCOTTSDALE STATE: AZ ZIP: 85281 FORMER COMPANY: FORMER CONFORMED NAME: Famous Uncle Als Hot Dogs & Grille Inc DATE OF NAME CHANGE: 20060117 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Pentwater Capital Management LP CENTRAL INDEX KEY: 0001425851 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 614 DAVIS STREET CITY: EVANSTON STATE: IL ZIP: 60201 BUSINESS PHONE: 312-589-6400 MAIL ADDRESS: STREET 1: 614 DAVIS STREET CITY: EVANSTON STATE: IL ZIP: 60201 SC 13D/A 1 formsc13da.htm PENTWATER CAPITAL MANAGEMENT LP SC 13D A NO 2 2-5-2014 (AMERICAN STANDARD ENERGY CORP)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 1 )*

American Standard Energy Corp.
(Name of Issuer)

Common Stock
(Title of Class of Securities)

02971T107
(CUSIP Number of Class of Securities)

Neal Nenadovic, CFO
Pentwater Capital Management LP
614 Davis Street
Evanston, IL  60201
(312) 589-6405
 (Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)

February 5, 2014
(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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box.  x
 CUSIP No. 02971T107
 
 
 
 
 
 
 SCHEDULE 13D
1.
NAME OF REPORTING PERSON:
 
 
 
 
 
 
 
Pentwater Capital Management LP
 
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a)
 o
 
 
 (b)
 x
 
 
 
 
3.
SEC USE ONLY
 
 
 
 
 
 
4.
SOURCE OF FUNDS
 
 
 
 
 
 
 
N/A
 
 
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
 
 
 
 
 
 
 
 o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 
 
 
 
 
Delaware USA
 
 
 
 
7.
SOLE VOTING POWER
 
 
 
 
 
 
 
 
 
5,086,517 (1)
 
 
 
8.
SHARED VOTING POWER
 
 
NUMBER OF
 
 
 
 
SHARES
 
 
 
 
BENEFICIALLY OWNED
9.
SOLE DISPOSITIVE POWER
 
 
BY EACH REPORTING
 
 
 
 
PERSON
 
5,086,517 (1)
 
 
WITH
10.
SHARED DISPOSITIVE POWER
 
 
 
 
 
 
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
 
 
 
5,086,517(1)
 
 
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
 
 
 
 o
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
 
 
 
 
9.85% (1)
 
 
14.
TYPE OF REPORTING PERSON
 
 
 
 
 
 
 
IA
 
 

(1)
The number of shares shown as beneficially owned includes the aggregate number of shares of common stock owned by the other reporting persons as described in this Schedule 13D/1.
2
CUSIP No. 02971T107
 
 
 
 
 
 
 SCHEDULE 13D
1.
NAME OF REPORTING PERSON:
 
 
 
 
 
 
 
PWCM Master Fund Ltd.
 
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a)
 o
 
 
 (b)
 x
 
 
 
 
3.
SEC USE ONLY
 
 
 
 
 
 
 
 
 
 
4.
SOURCE OF FUNDS
 
 
 
 
 
 
 
WC
 
 
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
 
 
 
 
 
 
 
 o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 
 
 
 
 
Cayman Islands
 
 
 
 
7.
SOLE VOTING POWER
 
 
 
 
 
 
 
 
 
 
 
 
 
8.
SHARED VOTING POWER
 
 
 NUMBER OF
 
 
 
 
 SHARES
 
 
 
 
 BENEFICIALLY OWNED
9.
SOLE DISPOSITIVE POWER
 
 
 BY EACH REPORTING
 
 
 
 
 PERSON
 
 
 
 
 WITH
10.
SHARED DISPOSITIVE POWER
 
 
 
 
 
 
 11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
 
 
 
846,260
 
 
 12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
 
 
 
 
 
 
 
 o
 13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
 
 
 
 
1.64%
 
 
 14.
TYPE OF REPORTING PERSON
 
 
 
 
 
 
 
OO
 
 

3
CUSIP No. 02971T107
 
 
 
 
 
 
 SCHEDULE 13D
1.
NAME OF REPORTING PERSON:
 
 
 
 
 
 
 
Pentwater Equity Opportunities Master Fund Ltd.
 
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a)
 o
 
 
 (b)
 x
 
 
 
 
3.
SEC USE ONLY
 
 
 
 
 
 
 
 
 
 
4.
SOURCE OF FUNDS
 
 
 
 
 
 
 
WC
 
 
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
 
 
 
 
 
 
 
 o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 
 
 
 
 
Cayman Islands
 
 
 
 
7.
SOLE VOTING POWER
 
 
 
 
 
 
 
 
 
 
 
 
 
8.
SHARED VOTING POWER
 
 
 NUMBER OF
 
 
 
 
 SHARES
 
 
 
 
 BENEFICIALLY OWNED
9.
SOLE DISPOSITIVE POWER
 
 
 BY EACH REPORTING
 
 
 
 
 PERSON
 
 
 
 
 WITH
10.
SHARED DISPOSITIVE POWER
 
 
 
 
 
 
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
 
 
 
2,372,609
 
 
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
 
 
 
 
 
 
 
o
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
 
 
 
 
4.60%
 
 
14.
TYPE OF REPORTING PERSON
 
 
 
 
 
 
 
OO
 
 

4
CUSIP No. 02971T107
 
 
 
 
 
 
 SCHEDULE 13D
1.
NAME OF REPORTING PERSON:
 
 
 
 
 
 
 
Oceana Master Fund Ltd.
 
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a)
 o
 
 
 (b)
 x
 
 
 
 
3.
SEC USE ONLY
 
 
 
 
 
 
4.
SOURCE OF FUNDS
 
 
 
 
 
 
 
WC
 
 
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
 
 
 
 o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 
 
 
 
 
Cayman Islands
 
 
 
 
7.
SOLE VOTING POWER
 
 
 
 
 
 
 
 
 
 
 
 
 
8.
SHARED VOTING POWER
 
 
 NUMBER OF
 
 
 
 
 SHARES
 
 
 
 
 BENEFICIALLY OWNED
9.
SOLE DISPOSITIVE POWER
 
 
 BY EACH REPORTING
 
 
 
 
 PERSON
 
 
 
 
 WITH
10.
SHARED DISPOSITIVE POWER
 
 
 
 
 
 
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
 
 
 
1,257,650
 
 
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
 
 
 
 
 
 
 
 o
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
 
 
 
 
2.44%
 
 
14.
TYPE OF REPORTING PERSON
 
 
 
 
 
 
 
OO
 
 

5
CUSIP No. 02971T107
 
 
 
 
 
 
 SCHEDULE 13D
1.
NAME OF REPORTING PERSON:
 
 
 
 
 
 
 
LMA SPC on behalf of MAP 98 Segregated Portfolio
 
 
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a)
 o
 
 
 (b)
 x
 
 
 
 
3.
SEC USE ONLY
 
 
 
 
 
 
4.
SOURCE OF FUNDS
 
 
 
 
 
 
 
WC
 
 
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
 
 
 
 
 
 
 
 
 o
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
 
 
 
 
 
 
 
Cayman Islands
 
 
 
 
7.
SOLE VOTING POWER
 
 
 
 
 
 
 
 
 
 
 
 
 
8.
SHARED VOTING POWER
 
 
 NUMBER OF
 
 
 
 
 SHARES
 
 
 
 
 BENEFICIALLY OWNED
9.
SOLE DISPOSITIVE POWER
 
 
 BY EACH REPORTING
 
 
 
 
 PERSON
 
 
 
 
 WITH
10.
SHARED DISPOSITIVE POWER
 
 
 
 
 
 
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
 
 
 
 
 
609,998
 
 
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
 
 
 
 
 
 
 
 
 o
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
 
 
 
 
 
1.18%
 
 
14.
TYPE OF REPORTING PERSON
 
 
 
 
 
 
 
OO
 
 

6
SCHEDULE 13D

This Amendment No. 1 (the “Amendment”) amends and supplements the Schedule 13D, filed on November 5, 2012, by Pentwater Capital Management LP, PWCM Master Fund Ltd., Pentwater Equity Opportunities Master Fund Ltd., Oceana Master Fund Ltd., and LMA SPC on behalf of MAP 98 Segregated Portfolio relating to shares of Common Stock of American Standard Energy, Corp.  Information reported in the original Schedule 13D remains in effect except to the extent that it is amended or superseded by information provided herein.

ITEM 2. IDENTITY AND BACKGROUND

(b)
The business address of the Reporting Persons is 614 Davis Street, Evanston, IL 60201.

ITEM 4. PURPOSE OF TRANSACTION

PWCM Master Fund Ltd. was issued a Warrant Certificate pursuant to the Amended and Restated Credit Agreement dated February 5, 2014, and is entitled to purchase 26,000,000 shares of Common Stock at a purchase price per share of $0.01. The Warrant is not exercisable until one year following the Original Issue Date.

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

The percentage calculations on the cover pages are based upon 51,617,371 shares of Common Stock outstanding as reported by the Issuer in the Issuer’s Quarterly Report on Form 10-Q/A for the period ended December 31, 2012 filed on March 6, 2014.

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO THE SECURITIES OF THE ISSUER

On February 05, 2014, Pentwater Equity Opportunities Master Fund Ltd., and PWCM Master Fund Ltd., entered into an Amended and Restated Credit Agreement with American Standard Energy, Corp. a wholly-owned subsidiary of the Issuer.  The Agreement provided a term loan facility in a principal amount of $20,230,637.88 (“Term Loan A”) and a term loan facility in principal amount of $26,119,362.12 (“Term Loan B”).

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS

The above description of the material terms of the agreements noted below as Exhibit 99.1 is qualified in its entirety by reference to the full text of the applicable agreement, which is incorporated into this Schedule 13D Amendment  by reference to the exhibits to the Issuer’s current reports on Form 8-K as set forth below.

Exhibit No.
Description
 
 
99.1
 
Form of Warrant. [Incorporated by reference to Exhibit   4.1 in the Issuer’s current report on Form 8-K dated February 05, 2014.]
 
 
99.2
Amended and Restated Credit Agreement [Incorporated by reference to Exhibit 10.1 in the Issuer’s current report on Form 8-K dated February 05, 2014.]
 
SIGNATURE

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:  March 12, 2014

PENTWATER CAPITAL MANAGEMENT LP
 
 
By:
/s/ Neal R. Nenadovic
 
Name: Neal Nenadovic
 
Title:  Chief Financial Officer

PWCM MASTER FUND LTD.
 
 
By:
/s/ David Zirin
 
Name:  David Zirin
 
Title:  Director
 
PENTWATER EQUITY OPPORTUNITIES MASTER FUND LTD.
 
 
By:
/s/ David Zirin
 
Name:  David Zirin
 
Title:  Director

OCEANA MASTER FUND LTD.
 
 
By:
/s/ David Zirin
 
Name:  David Zirin
 
Title:  Director

LMA SPC FOR AND ON BEHALF OF
MAP 98 SEGREGATED PORTFOLIO
 
 
By:
Pentwater Capital Management LP,
 
its investment manager
 
 
By:
/s/ David Zirin
 
Name:  David Zirin
 
Title:  Director