0001193805-18-000356.txt : 20180306 0001193805-18-000356.hdr.sgml : 20180306 20180306153224 ACCESSION NUMBER: 0001193805-18-000356 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180209 FILED AS OF DATE: 20180306 DATE AS OF CHANGE: 20180306 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CQS (US), LLC CENTRAL INDEX KEY: 0001447946 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13417 FILM NUMBER: 18669725 BUSINESS ADDRESS: STREET 1: 152 WEST 57TH STREET STREET 2: 40TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2122592900 MAIL ADDRESS: STREET 1: 152 WEST 57TH STREET STREET 2: 40TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER NAME: FORMER CONFORMED NAME: CQS (US) LLC DATE OF NAME CHANGE: 20081014 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CQS ABS Master Fund Ltd CENTRAL INDEX KEY: 0001733383 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13417 FILM NUMBER: 18669724 BUSINESS ADDRESS: STREET 1: PO BOX 309 STREET 2: UGLAND HOUSE CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1104 BUSINESS PHONE: 1 345 945 7099 MAIL ADDRESS: STREET 1: PO BOX 309 STREET 2: UGLAND HOUSE CITY: GRAND CAYMAN STATE: E9 ZIP: KY1-1104 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CQS Aiguille du Chardonnet MF S.C.A. SICAV-SIF CENTRAL INDEX KEY: 0001733386 STATE OF INCORPORATION: N4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13417 FILM NUMBER: 18669723 BUSINESS ADDRESS: STREET 1: CARR? BONN 20 STREET 2: RUE DE LA POSTE CITY: LUXEMBOURG STATE: N4 ZIP: L-2346 BUSINESS PHONE: 011 352 47 23 23 500 MAIL ADDRESS: STREET 1: CARR? BONN 20 STREET 2: RUE DE LA POSTE CITY: LUXEMBOURG STATE: N4 ZIP: L-2346 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DITECH HOLDING Corp CENTRAL INDEX KEY: 0001040719 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 133950486 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1100 VIRGINIA DRIVE, SUITE 100 CITY: FORT WASHINGTON STATE: PA ZIP: 19034 BUSINESS PHONE: (844) 714-8603 MAIL ADDRESS: STREET 1: 3000 BAYPORT DRIVE, SUITE 1100 CITY: TAMPA STATE: FL ZIP: 33607 FORMER COMPANY: FORMER CONFORMED NAME: WALTER INVESTMENT MANAGEMENT CORP DATE OF NAME CHANGE: 20090420 FORMER COMPANY: FORMER CONFORMED NAME: HANOVER CAPITAL MORTGAGE HOLDINGS INC DATE OF NAME CHANGE: 19970917 3 1 e617748_3-cqs.xml OWNERSHIP DOCUMENT X0206 3 2018-02-09 0 0001040719 DITECH HOLDING Corp DHCP 0001447946 CQS (US), LLC 152 WEST 57TH STREET NEW YORK NY 10019 0 0 0 1 Possible membership group 0001733383 CQS ABS Master Fund Ltd PO BOX 309 UGLAND HOUSE GRAND CAYMAN E9 KY1-1104 CAYMAN ISLANDS 0 0 0 1 Possible membership group 0001733386 CQS Aiguille du Chardonnet MF S.C.A. SICAV-SIF CARR BONN 20 RUE DE LA POSTE LUXEMBOURG N4 L-2346 LUXEMBOURG 0 0 0 1 Possible membership group Mandatorily Convertible Preferred Stock 114.975 2018-02-09 Common stock, $0.01 Par Value per Share 677690 I See footnotes (3) and On February 9, 2018 (the "Effective Date"), the Issuer changed its name and ticker symbol from Walter Investment Management Corporation (WAC) to Ditech Holding Corp (DHCP). In addition, on the Effective Date, the Issuer's Amended Prepackaged Plan of Reorganization (the "Plan") became effective, and the Issuer emerged from bankruptcy proceedings. On the Effective Date, among other things, every $1,000 principal amount of 7.875% Senior Notes due 2021 was exchanged for 0.18564517 shares of Mandatorily Convertible Preferred Stock of the Issuer. The Mandatorily Convertible Preferred Stock is immediately convertible and does not expire. Each share of Mandatorily Convertible Preferred Stock is convertible to common stock at a rate of 114.975 shares of common stock per share of Mandatorily Convertible Preferred Stock. The Mandatorily Convertible Preferred Stock is mandatorily convertible at the earliest of (a) February 9, 2023, (b) at any time following one year after the Effective Date, the time that the volume weighted average pricing of the common stock exceeds 150% of the conversion price per share for at least 45 trading days in a 60 consecutive trading day period, including each of the last 20 days in such 60 consecutive trading day period, and (c) a change of control transaction in which the consideration paid or payable per share of common stock is greater than or equal to $8.6975. Securities of Issuer are held directly by CQS ABS Master Fund Limited ("CQS Fund") and CQS Aiguille du Chardonnet MF S.C.A. SICAV-SIF ("CQS SCA"). CQS (US), LLC ("CQS (US)") is the sub-adviser of CQS Fund and CQS SCA and may be deemed to share voting and/or investment power over the securities of the Issuer held by CQS Fund and CQS SCA. This Form 3 is being filed jointly by: (i) CQS Fund, with respect to the Shares directly and beneficially owned by it; (ii) CQS SCA, with respect to the Shares directly and beneficially owned by it; (iii) CQS (US), as the sub-adviser of CQS Fund and CQS SCA. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each Reporting Person disclaims beneficial ownership of any such securities, except to the extent of its indirect pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or otherwise. /s/ Jeffrey Lindenbaum, CEO and CCO 2018-03-05 EX-99 2 e617748_ex99.htm

 

Joint Filer Information

 

Names: CQS ABS Master Fund Limited
   
Address: PO Box 309
  Ugland House
  Grand Cayman
  KY1-1104
  Cayman Islands
   
Names: CQS Aiguille du Chardonnet MF S.C.A. SICAV-SIF
   
Address: Carré Bonn
  20, rue de la Poste
  L-2346 Luxembourg
  Grand Duchy of Luxembourg
   
Designated Filer: CQS (US), LLC
   
Issuer and Ticker Symbol: DITECH HOLDING Corp [ DHCP ]  
   
Date of Event Requiring Statement: February 9, 2018

 

The undersigned, CQS Aiguille du Chardonnet MF S.C.A. SICAV-SIF and CQS ABS Master Fund Limited, are jointly filing the attached Initial Statement of Beneficial Ownership on Form 3 with CQS (US), LLC with respect to the beneficial ownership of securities of DITECH HOLDING Corp.

 

Signatures:

 

CQS Aiguille du Chardonnet MF S.C.A. SICAV-SIF

 

By: /s/ Paul Massey

Name: Paul Massey, Authorized Signatory

CQS ABS Master Fund Limited

 

By: /s/ Paul Massey

Name: Paul Massey, Authorized Signatory