-----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, NORKwkp124+/SUbRvmlTWEw9TRcFN93551Kbgj9PjB+g3wCUvR2178c7g/2QO38k 5Tqp91WX5pkFl/s3rdTqKA== 0001144204-09-023910.txt : 20090504 0001144204-09-023910.hdr.sgml : 20090504 20090504172811 ACCESSION NUMBER: 0001144204-09-023910 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20090504 DATE AS OF CHANGE: 20090504 GROUP MEMBERS: MAX HOLMES GROUP MEMBERS: PLAINFIELD ASSET MANAGEMENT LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: WOLVERINE TUBE INC CENTRAL INDEX KEY: 0000821407 STANDARD INDUSTRIAL CLASSIFICATION: ROLLING DRAWING & EXTRUDING OF NONFERROUS METALS [3350] IRS NUMBER: 630970812 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-43063 FILM NUMBER: 09794602 BUSINESS ADDRESS: STREET 1: 200 CLINTON AVENUE WEST STREET 2: SUITE 1000 CITY: HUNTSVILLE STATE: AL ZIP: 35801 BUSINESS PHONE: 2568900460 MAIL ADDRESS: STREET 1: 200 CLINTON AVENUE WEST STREET 2: SUITE 1000 CITY: HUNTSVILLE STATE: AL ZIP: 35801 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PLAINFIELD SPECIAL SITUATIONS MASTER FUND LTD. CENTRAL INDEX KEY: 0001352354 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 55 RAILROAD AVENUE STREET 2: THIRD FLOOR CITY: GREENWICH STATE: CT ZIP: 06830 BUSINESS PHONE: 203-302-1715 MAIL ADDRESS: STREET 1: 55 RAILROAD AVENUE STREET 2: THIRD FLOOR CITY: GREENWICH STATE: CT ZIP: 06830 FORMER COMPANY: FORMER CONFORMED NAME: Plainfield Special Situations Master Fund Ltd. DATE OF NAME CHANGE: 20060206 SC 13D/A 1 v148018_sc13da.htm Unassociated Document
 
OMB APPROVAL
OMB Number:3235-0145
Expires:December 31, 2009
Estimated average burden
hours per response14.5
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 
 
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
 
 
WOLVERINE TUBE, INC.
(Name of Issuer)
 
Common Stock, $0.01 par value
(Title of Class of Securities)
 
978093 10 2
(CUSIP Number)
 
Ronald R. Papa, Esq.
Proskauer Rose LLP
1585 Broadway
New York, New York 10036-8299
(212) 969-3000
(212) 969-2900 – Facsimile
 
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
 
April 28, 2009
(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 §§240.13d-1(e), 240.13d-1(f) or 249.13d-1(g), check the following box.  o
 
Note:  Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
 
*  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 (“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).
 


 
 
Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
 

CUSIP NO. 978093 10 2
 
1.
Names of Reporting Persons.
Plainfield Special Situations Master Fund Limited
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
x
 
(b)
 
3.
SEC Use only
 
4.
Source of funds (See Instructions)
OO
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
   
Number of Shares Beneficially Owned by Each Reporting Person With:
7.
Sole Voting Power
0
8.
Shared Voting Power
63,808,209 (See Item 5)
9.
Sole Dispositive Power
0
10.
Shared Dispositive Power
36,094,045 (See Item 5)
11
Aggregate Amount Beneficially Owned by Each Reporting Person
63,808,209 (See Item 5)
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
x
13.
Percent of Class Represented by Amount in Row (11)
62.6% (See Item 5)
14.
Type of Reporting Person (See Instructions)
CO
 


 

CUSIP NO. 978093 10 2
 
1.
Names of Reporting Persons.
Plainfield Asset Management LLC
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
x
 
(b)
 
3.
SEC Use only
 
4.
Source of funds (See Instructions)
OO
5.
Check if disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
 
6.
Citizenship or Place of Organization
Delaware
   
Number of Shares Beneficially Owned by Each Reporting Person With:
7.
Sole Voting Power
0
8.
Shared Voting Power
63,808,209 (See Item 5)
9.
Sole Dispositive Power
0
10.
Shared Dispositive Power
36,094,045 (See Item 5)
11
Aggregate Amount Beneficially Owned by Each Reporting Person
63,808,209 (See Item 5)
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
x
13.
Percent of Class Represented by Amount in Row (11)
62.6% (See Item 5)
14.
Type of Reporting Person (See Instructions)
OO


 

 
CUSIP NO. 978093 10 2
 
1.
Names of Reporting Persons.
Max Holmes
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
 
(a)
x
 
(b)
 
3.
SEC Use only
 
4.
Source of funds (See Instructions)
OO
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
   
Number of Shares Beneficially Owned by Each Reporting Person With:
7.
Sole Voting Power
0
8.
Shared Voting Power
63,808,209 (See Item 5)
9.
Sole Dispositive Power
0
10.
Shared Dispositive Power
36,094,045 (See Item 5)
11
Aggregate Amount Beneficially Owned by Each Reporting Person
63,808,209 (See Item 5)
12.
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
x
13.
Percent of Class Represented by Amount in Row (11)
62.6% (See Item 5)
14.
Type of Reporting Person (See Instructions)
IN
 


 
 
Item 1.
Security and Issuer
 
This Amendment No. 3 (this “Amendment No. 3”) amends and supplements the Schedule 13D filed by Plainfield Special Situations Master Fund Limited, Plainfield Asset Management LLC and Max Holmes (collectively, “Plainfield”) on February 26, 2007 (the “Original Schedule 13D”), as previously amended by Amendment No. 1 to the Original Schedule 13D, filed on July 25, 2008 and by Amendment No. 2 to the Original Schedule 13D, filed on September 9, 2009 (as so amended, the “Schedule 13D”).  Certain capitalized terms used but not defined in this Amendment No. 3 have the meanings given to them in the Schedule 13D.

 
The Schedule 13D is hereby amended and supplemented as follows:
 
Item 3.
Source and Amount of Funds or Other Consideration
 
The following paragraph shall be added to the final paragraph of Item 3 of the Schedule 13D:

On April 28, 2009, the Company consummated its previously announced exchange offer in reliance upon the exemption from registration provided by Section 3(a)(9) of the Securities Act of 1933, as amended.  Under the terms of the exchange offer, the Company offered holders of its 10-1/2% Senior Notes due 2009 (the “Senior Notes”) the opportunity to exchange any and all of their Senior Notes for the Company’s newly issued 15% Senior Secured Notes due 2012 (the “New Notes”) and a cash exchange fee equal to 3.0% of the principal amount of Senior Notes tendered.  Approximately 83.5% of the Senior Notes were exchanged for New Notes, and holders of Senior Notes that did not participate in the exchange offer received a cash payment equal to the sum of the accrued and unpaid interest and the principal amount due at maturity.  After the consummation of the exchange offer, all of the Senior Notes were cancelled by the trustee and the indenture governing the Senior Notes was discharged.  Accordingly, the provisions of the Voting Agreement detailed in the description thereof in Item 5(c) below which restrict Plainfield’s total voting power with respect to all voting securities of the Company (together with certain other persons) to less than 49% are no longer applicable.

 
Item 5.
Interest in Securities of the Issuer
 
The following shall replace (a) and (b) of Item 5 of the Schedule 13D:
 
(a)   Aggregate Number and Percentage of Class Beneficially Owned:   63,808,209; 62.6% (See Item 5(c) below).
 
(b)   Number of shares as to which such person has:

(i)
Sole power to vote or to direct the vote:
0 (See Item 5(c) below).
     
(ii)
Shared power to vote or to direct the vote:
63,808,209 (See Item 5(c) below).
     
(iii)
Sole power to dispose or to direct the disposition of:
0 (See Item 5(c) below).
     
(iv)
Shared power to dispose or to direct the disposition of:
36,094,045 (See Item 5(c) below).
 

 
 
The seventh paragraph of Item 5(c) of the Schedule 13D shall be deleted and replaced with the following paragraph:

Pursuant to a voting agreement among the Company and the Purchasers entered into at the Closing and amended at the time of the Series B Closing (the “Voting Agreement”) and pursuant to the terms of the Series A Preferred Stock, for so long as any of the Company's 10-1/2% Senior Notes due 2009 are outstanding, neither Alpine or Plainfield (together with any other person with whom that Purchaser would be considered a “person” (as that term is used in Sections 13(d) and 14(d) of the Exchange Act) with respect to the Series A Preferred Stock, the Series B Preferred Stock or the Common Stock, which may include Alkest) were permitted to vote Common Stock (however acquired), Series A Preferred Stock and Series B Preferred Stock in excess of 49% of the total voting power of all voting securities of the Company.  However, as of the consummation of the exchange offer, the 49% limitation in the Voting Agreement is no longer applicable.  Accordingly, given Alpine’s holdings of 14,494 shares of Series A Preferred Stock, 10,000 shares of Series B Preferred Stock, 927,236 shares of Common Stock and certain options beneficially owned by Alpine and Alkest’s holdings of 2,000 shares of Series A Preferred Stock, the aggregate voting power of all shares of Series A Preferred Stock, Series B Preferred Stock, Common Stock and Alpine Stock Options currently beneficially owned by Alpine, Plainfield and Alkest is 63,808,209.
 

 

SIGNATURE
 
After reasonable inquiry and to the best of my knowledge and belief, I certify that that information set forth in this statement is true, complete and correct.
 
Dated:  May 04, 2009
   
     
 
PLAINFIELD SPECIAL SITUATIONS MASTER FUND LIMITED
 
 
By:
  /s/ Thomas X. Fritsch
   
  Thomas X. Fritsch
   
  Authorized Individual
   
    
 
 
 
PLAINFIELD ASSET MANAGEMENT LLC
 
 
By:
 /s/ Thomas X. Fritsch
   
  Thomas X. Fritsch
   
  Managing Director & General Counsel
   
    
 
 
 
MAX HOLMES
 
 
By:
 /s/ Thomas X. Fritsch
   
  Thomas X. Fritsch
   
  Attorney-in-Fact*

 
* Duly authorized pursuant to Power of Attorney, dated February 1, 2007, by and on behalf of Max Holmes, appointing Thomas X. Fritsch as his attorney-in-fact, included as Appendix B to the Original Schedule 13D filed with the Securities Exchange Commission on February 26, 2007.
 

 
The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative’s authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power or attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.
 
Attention:  Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001)
 

 

 
-----END PRIVACY-ENHANCED MESSAGE-----