0001011438-12-000189.txt : 20120423 0001011438-12-000189.hdr.sgml : 20120423 20120423172055 ACCESSION NUMBER: 0001011438-12-000189 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20120423 DATE AS OF CHANGE: 20120423 GROUP MEMBERS: CASPIAN CAPITAL ADVISORS LLC GROUP MEMBERS: CASPIAN CREDIT ADVISORS LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MPG Office Trust, Inc. CENTRAL INDEX KEY: 0001204560 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 953581408 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-79154 FILM NUMBER: 12773993 BUSINESS ADDRESS: STREET 1: 355 SOUTH GRAND AVENUE STREET 2: SUITE 3300 CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-626-3300 MAIL ADDRESS: STREET 1: 355 SOUTH GRAND AVENUE STREET 2: SUITE 3300 CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: MAGUIRE PROPERTIES INC DATE OF NAME CHANGE: 20021107 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: CASPIAN CAPITAL LP CENTRAL INDEX KEY: 0001518999 IRS NUMBER: 900626905 STATE OF INCORPORATION: DE FISCAL YEAR END: 1211 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 767 FIFTH AVENUE, 45TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10153 BUSINESS PHONE: (212) 826-6970 MAIL ADDRESS: STREET 1: 767 FIFTH AVENUE, 45TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10153 SC 13D/A 1 form_sc13da-mpgoffice.htm form_sc13da-mpgoffice.htm
 
 
UNITED STATES
 SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934
(Amendment No. 4)*

MPG Office Trust, Inc.
(Name of Issuer)

7.625% Series A Cumulative Redeemable Preferred Stock, Par Value $.01 per share
 (Title of Class of Securities)

559775200
(CUSIP Number)

Richard D. Holahan, Jr.
Caspian Capital Advisors, LLC
Caspian Credit Advisors, LLC
Caspian Capital LP
767 5th Avenue
New York, NY 10153
(212) 826-6970
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)


April 23, 2012
 (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 240.13d-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 Rule 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).
 
 

 
 

 
Page 2 of 9 Pages
CUSIP No.      559775200 

                 
1
 
NAMES OF REPORTING PERSONS
 
Caspian Capital LP1
     
           
           
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
     
 
(a)  o
       
 
(b)  x
         
               
3
 
SEC USE ONLY
         
               
                 
                   
4
 
SOURCE OF FUNDS (SEE INSTRUCTIONS)
             
         
 
WC
       
                             
5
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
                       
                             
 
o
                           
                                 
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
                           
                                 
 
Delaware
                               
                                       
 
7
 
SOLE VOTING POWER
                               
                                       
NUMBER OF
 
0
                                   
                                           
SHARES
8
 
SHARED VOTING POWER
                                   
BENEFICIALLY
                                         
OWNED BY
 
898,047
                                       
                                               
EACH
9
 
SOLE DISPOSITIVE POWER
                                       
REPORTING
                                             
PERSON
 
0
                                           
                                                   
WITH
10
 
SHARED DISPOSITIVE POWER
                                           
                                                   
   
898,047
                                               
                                                     
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                               
                                                     
 
898,047
                                                   
                                                         
12
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
                                                   
                                                         
 
o
                                                       
                                                             
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                                                       
                                                             
 
9.2%
                                                           
                                                                 
14
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
                                                           
                                                                 
 
IA
                                                             
                                                                   

 
 

 
Page 3 of 9 Pages
CUSIP No.      559775200 

                 
1
 
NAMES OF REPORTING PERSONS
 
Caspian Capital Advisors, LLC1
     
           
           
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
     
 
(a)  o
       
 
(b)  x
         
               
3
 
SEC USE ONLY
         
               
                 
                   
4
 
SOURCE OF FUNDS (SEE INSTRUCTIONS)
             
         
 
WC
       
                             
5
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
                       
                             
 
o
                           
                                 
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
                           
                                 
 
Delaware
                               
                                       
 
7
 
SOLE VOTING POWER
                               
                                       
NUMBER OF
 
0
                                   
                                           
SHARES
8
 
SHARED VOTING POWER
                                   
BENEFICIALLY
                                         
OWNED BY
 
262,936
                                       
                                               
EACH
9
 
SOLE DISPOSITIVE POWER
                                       
REPORTING
                                             
PERSON
 
0
                                           
                                                   
WITH
10
 
SHARED DISPOSITIVE POWER
                                           
                                                   
   
262,936
                                               
                                                     
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                               
                                                     
 
262,936
                                                   
                                                         
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)
                                                       
                                                             
 
2.7%
                                                           
                                                                 
14
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
                                                           
                                                                 
 
OO
                                                             
 
 

 
 

 
Page 4 of 9 Pages
CUSIP No.      559775200 
 
                 
1
 
NAMES OF REPORTING PERSONS
 
Caspian Credit Advisors, LLC1
     
           
           
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
     
 
(a)  o
       
 
(b)  x
         
               
3
 
SEC USE ONLY
         
               
                 
                   
4
 
SOURCE OF FUNDS (SEE INSTRUCTIONS)
             
         
 
WC
       
                             
5
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
                       
                             
 
o
                           
                                 
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
                           
                                 
 
Delaware
                               
                                       
 
7
 
SOLE VOTING POWER
                               
                                       
NUMBER OF
 
0
                                   
                                           
SHARES
8
 
SHARED VOTING POWER
                                   
BENEFICIALLY
                                         
OWNED BY
 
535,739
                                       
                                               
EACH
9
 
SOLE DISPOSITIVE POWER
                                       
REPORTING
                                             
PERSON
 
0
                                           
                                                   
WITH
10
 
SHARED DISPOSITIVE POWER
                                           
                                                   
   
535,739
                                               
                                                     
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                                               
                                                     
 
535,739
                                                   
                                                         
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)
                                                       
                                                             
 
5.51%
                                                           
                                                                 
14
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
                                                           
                                                                 
 
OO
                                                             
_______________________________
1  The shares described herein are held as follows: Caspian Capital Partners, L.P., 262,936; Mariner LDC, 83,662; Caspian Select Credit Master Fund Ltd., 475,304, Caspian Solitude Master Fund LP, 41,185, Caspian HLSC1, LLC, 19,250, and certain other funds for which Caspian Capital LP provides investment management or investment advice, 15,750 (collectively, the “Accounts”).


 
 

 
Page 5 of 9 Pages

 
        This Schedule 13D/A (this “Amendment No. 4”) amends and supplements the Schedule 13D filed on November 29, 2010 (the “Original Schedule 13D”) as amended on January 7, 2011 (the “Amendment No. 1”), May 16, 2011 (the “Amendment No. 2”), and August 8, 2011 (the “Amendment No. 3 and together with the Original Schedule 13D, the Amendment No. 1, the Amendment No. 2, and the Amendment No. 4, the “Schedule 13D”) by Mariner Investment Group, LLC, Caspian Capital LP, Caspian Capital Advisors, LLC, and Caspian Credit Advisors, LLC with respect to the 7.625% Series A Cumulative Redeemable Preferred Stock, par value $.01 per share (the “Preferred Stock”) of MPG Office Trust, Inc., a Maryland corporation (the “Issuer”).  This Amendment No. 4 is being filed by the Reporting Persons to disclose the acquisition of common stock, par value $0.01 per share, of the Issuer (the “Common Stock”).
 
Item 2. Identity and Background.

Item 2 of the Schedule 13D is hereby amended and supplemented by the addition of the following:

(a) This Statement is being filed on behalf of Caspian Capital LP, a Delaware limited liability company (“Caspian Capital”), Caspian Capital Advisors, LLC, a Delaware limited liability company (“Caspian Advisors”) and Caspian Credit Advisors, LLC, a Delaware limited liability company (“Caspian Credit”). Each of Adam Cohen, David Corleto and Mark Weissman (the “Principals”) is a principal of Caspian Capital, Caspian Advisors and Caspian Credit.

(b) The principal business address of each of Caspian Capital, Caspian Advisors and Caspian Credit (collectively, the “Reporting Persons”) and the Principals is 500 Mamaroneck Avenue, Suite 101, Harrison, NY 10528.

(c) The principal business of the Reporting Persons and the Principals is to invest and trade on behalf of certain clients, including the Accounts. Caspian Capital serves as the investment advisor for the Accounts and exercises the shared voting and dispositive authority over the shares of Preferred Stock beneficially owned by such Accounts (the “Shares”). Caspian Capital is controlled by the Principals. Caspian Advisors is the general partner of Caspian Capital Partners, L.P. and Caspian Credit is the general partner of an affiliate of Caspian Select Credit Master Fund Ltd. and of Caspian Solitude Master Fund LP and the managing member of Caspian HLSC1, LLC.

(d) None of the Reporting Persons or any Principal has, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e) None of the Reporting Persons or any Principal has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was, or is subject to, a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.

               (f) Each of Caspian Capital, Caspian Advisors and Caspian Capital is a Delaware limited liability company. Each of the Principals is a citizen of the United States of America.

Item 3.  Source and Amount of Funds and Other Consideration.
 
        Item 3 of the Schedule 13D is hereby amended and supplemented by the addition of the following:
 
               The Shares held by the Accounts were acquired with investment funds of such Accounts.  The aggregate purchase price paid for the Shares was approximately $11,132,130, including broker commissions and stock exchange fees.
 
Item 4.  Purpose of the Transaction.
 
Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following:

As of April 23, 2012, the Reporting Persons held an aggregate of 1,789,047 shares of Common Stock.
 
Item 5.  Interest in Securities of the Issuer.
 
               Item 5 of the Schedule 13D is hereby amended and supplemented by the addition of the following:

The percentages used herein are calculated based upon an aggregate of 9,730,370 shares of Preferred Stock outstanding as of December 31, 2012, as reported in the Issuer’s Form 10-K filed on March 15, 2012.

(a), (b) The information set forth in Rows 7 though 13 of the cover page hereto are hereby incorporated by reference.
 
 
 
 

 
Page 6 of 9 Pages

(c) The Reporting Persons entered into transactions in the Preferred Stock within the last sixty days which are set forth on Schedule B.

(d) No person other than the Reporting Persons is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares.

               (e) Not applicable. 
         
Item 7.  Material to be Filed as Exhibits.

Item 7 of the Schedule 13D is hereby amended and supplemented by the addition of the following:
 
Exhibit 3: Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Act.
 
               Schedule B: Transactions During the Past 60 Days.

 
 
 

 
Page 7 of 9 Pages



 

SIGNATURES

                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.

Date:  April 23, 2012

 

 
CASPIAN CAPITAL LP
   
 
By:        /s/ Richard D. Holahan, Jr.
 
             Name:  Richard D. Holahan, Jr.
 
             Title:    Authorized Signatory
   

 
CASPIAN CAPITAL ADVISORS, LLC
   
 
By:        /s/ Richard D. Holahan, Jr.
 
             Name:  Richard D. Holahan, Jr.
 
             Title:    Authorized Signatory
   

 
CASPIAN CREDIT ADVISORS, LLC
   
 
By:        /s/ Richard D. Holahan, Jr.
 
             Name:  Richard D. Holahan, Jr.
 
             Title:    Authorized Signatory
   




 
 

 
Page 8 of 9 Pages


 
Exhibit 3

JOINT FILING AGREEMENT
PURSUANT TO RULE 13D-1(k)1

The undersigned acknowledge and agree that the foregoing Schedule 13D is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13D shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
 
 
Date:  April 23, 2012
 

 
CASPIAN CAPITAL LP
   
 
By:        /s/ Richard D. Holahan, Jr.
 
             Name:  Richard D. Holahan, Jr.
 
             Title:    Authorized Signatory
   

 
CASPIAN CAPITAL ADVISORS, LLC
   
 
By:        /s/ Richard D. Holahan, Jr.
 
             Name:  Richard D. Holahan, Jr.
 
             Title:    Authorized Signatory
   

 
CASPIAN CREDIT ADVISORS, LLC
   
 
By:        /s/ Richard D. Holahan, Jr.
 
             Name:  Richard D. Holahan, Jr.
 
             Title:    Authorized Signatory
   



 

 
 

 
Page 9 of 9 Pages

 
Schedule B

TRANSACTIONS IN THE PREFERRED STOCK EFFECTED ON BEHALF OF THE ACCOUNTS DURING THE PAST 60 DAYS

Unless otherwise indicated, all trades were effected in the open market through brokers.

 

Account
 
 

Date of Transaction
 

Amount of Shares
Purchased (Sold)
 
 

Price Per Share ($)
 
Caspian HLSC1, LLC
 
 
 
04/17/2012
 
 
19,250
 
 
$14.67
Super Caspian Cayman Fund Ltd.
 
04/17/2012
 
15,750
 
$14.67