0001104659-18-048308.txt : 20180731 0001104659-18-048308.hdr.sgml : 20180731 20180731124739 ACCESSION NUMBER: 0001104659-18-048308 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180731 DATE AS OF CHANGE: 20180731 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Euronav MI II Inc. CENTRAL INDEX KEY: 0001443799 STANDARD INDUSTRIAL CLASSIFICATION: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412] IRS NUMBER: 660716485 STATE OF INCORPORATION: 1T FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-84383 FILM NUMBER: 18980383 BUSINESS ADDRESS: STREET 1: 299 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10171 BUSINESS PHONE: (212) 763-5600 MAIL ADDRESS: STREET 1: 299 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10171 FORMER COMPANY: FORMER CONFORMED NAME: Gener8 Maritime, Inc. DATE OF NAME CHANGE: 20150513 FORMER COMPANY: FORMER CONFORMED NAME: General Maritime Corp / MI DATE OF NAME CHANGE: 20081211 FORMER COMPANY: FORMER CONFORMED NAME: Galileo Holding CORP DATE OF NAME CHANGE: 20080825 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Avenue Capital Management II, L.P. CENTRAL INDEX KEY: 0001317338 IRS NUMBER: 522258514 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 399 PARK AVENUE STREET 2: 6TH FL CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-850-7519 MAIL ADDRESS: STREET 1: 399 PARK AVENUE STREET 2: 6TH FL CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: Avenue Capital Management II, LLC DATE OF NAME CHANGE: 20050210 SC 13D/A 1 a18-17996_1sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D/A

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 2)*

 

Euronav MI II Inc.

(Name of Issuer)

 

Common Stock, $0.01 par value per share

(Title of Class of Securities)

 

Y26889108

(CUSIP Number)

 

Eric Ross

Senior Managing Director and Chief Compliance Officer

Avenue Capital Group

399 Park Avenue, 6th Floor

New York, NY 10022

(212) 878-3500

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

June 12, 2018

(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 §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).

 



 

CUSIP No.   Y26889108

13D

 

 

 

1.

Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only)
Avenue Capital Management II, L.P.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
AF

 

 

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

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
869,936

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
869,936

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
869,936

 

 

12.

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
1%*

 

 

14.

Type of Reporting Person (See Instructions)
IA/PN

 


* See disclosure in Item 5 of this Schedule 13D

 

2



 

CUSIP No.   Y26889108

13D

 

 

 

1.

Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only)
Avenue Capital Management II GenPar, LLC

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
AF

 

 

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

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
869,936

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
869,936

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
869,936

 

 

12.

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
1%*

 

 

14.

Type of Reporting Person (See Instructions)
HC

 


* See disclosure in Item 5 of this Schedule 13D

 

3



 

CUSIP No.   Y26889108

13D

 

 

 

1.

Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (Entities Only)
Marc Lasry

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 o

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
OO

 

 

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
United States

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
869,936

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
869,936

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
869,936

 

 

12.

Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
1%*

 

 

14.

Type of Reporting Person (See Instructions)
IN, HC

 


* See disclosure in Item 5 of this Schedule 13D

 

4



 

CUSIP No.   Y26889108

13D

 

 

Item 1.                             Security and Issuer.

 

This Amendment No.2 (this “Amendment”) to Schedule 13D relates to shares of common stock (the “Shares”) of Euronav MI II Inc. (formerly known as Gener8 Maritime, Inc.), a Marshall Islands corporation (the “Issuer”).  The Issuer’s principal executive offices are located at 399 Park Avenue, Second Floor, New York, New York 10171.

 

Item 4.                             Purpose of Transaction.

 

The disclosure in Item 4 is hereby amended to include the following:

 

On June 12, 2018, the Issuer, Euronav NV, a Belgian corporation (“Euronav”) and Euronav MI Inc., a Marshall Islands corporation and a wholly-owned subsidiary of Euronav (“Merger Sub”) completed the merger (the “Merger”) contemplated by the Agreement and Plan of Merger by and among the Issuer, Euronav and Merger Sub, dated as of December 20, 2017 (the “Merger Agreement”). Pursuant to the terms of the Merger Agreement, Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and a wholly-owned subsidiary of Euronav.

 

Subject to the terms and conditions set forth in the Merger Agreement, at the effective time of the Merger (the “Merger Date”), each Share issued and outstanding immediately prior to the Merger (other than Shares owned by (i) the Issuer or its subsidiaries or (ii) Euronav, Merger Sub or their respective subsidiaries) was canceled and automatically converted into the right to receive 0.7272 of an ordinary share, no par value per share, of Euronav. Immediately following the Merger, pre-merger shareholders of Euronav owned approximately 72% of the combined company, and former Issuer shareholders owned approximately 28% of the combined company. As a result of the Merger, the Reporting Persons ceased to be the beneficial owners of more than 5% of the Shares as of the Merger Date.

 

The summary of the Merger Agreement set forth above does not purport to be complete and is qualified in its entirety by reference to the text of such agreement, a copy of which is being filed as Exhibit 99.7 hereto and is incorporated herein by reference.

 

Item 5.                             Interest in Securities of the Issuer.

 

The disclosure in Item 5(a) is hereby amended and restated as follows:

 

(a) The aggregate number of Shares to which this Amendment relates is 869,936.  Such aggregate number of Shares represents 1% of the common stock of the Issuer.  The percentage reported in this Amendment is calculated based upon 83,267,426 Shares reported to be outstanding as of May 4, 2018 in the Form 10-Q filed by the Issuer with the Securities and Exchange Commission May 9, 2018.

 

The disclosure in Item 5(b) is hereby amended and restated as follows:

 

(b) Marc Lasry shares the power to vote or to direct the vote and share the power to dispose or to direct the disposition of 869,936 Shares held by certain private funds managed by Avenue Capital Management and Avenue Europe International Management, L.P., a Delaware limited partnership (“Avenue Europe International”).  Avenue Capital Management II GenPar, LLC, a Delaware limited liability company, is the general partner of Avenue Capital Management.  Avenue Europe International Management GenPar, LLC, a Delaware limited liability company, is the general partner of Avenue Europe International. The principal business address of Avenue Europe International and Avenue Europe International Management GenPar, LLC is 399 Park Avenue, 6th Floor, New York, NY 10022.  During the last five years, neither Avenue Europe International or Avenue Europe International Management GenPar, LLC have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors). During the last five years, neither Avenue Europe International or Avenue Europe International Management GenPar, LLC have 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 judgement, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or findings any violation with respect to such laws.

 

5



 

The disclosure in Item 5(c) is hereby amended and restated as follows:

 

(c) In addition to the transaction described in Item 4 above, during the last 60 days, Avenue Capital Management and Avenue Europe International sold 3,284,416 Shares on behalf of certain of the Funds on June 28, 2018 at $9 per Share in off-exchange transactions.

 

The disclosure in Item 5(e) is hereby amended and restated as follows:

 

(e) Each of the Reporting Persons ceased to be the beneficial owner of more than 5% of the Shares on the Merger Date.

 

Item 7.                             Material to be Filed as Exhibits.

 

Item 7 is hereby amended by adding the following:

 

Exhibit 99.5 Joint Filing Agreement by and among the Reporting Persons dated July 31, 2018.

 

Exhibit 99.7 Agreement and Plan of Merger, dated as of December 20, 2017, among the Issuer, Euronav and Merger Sub (incorporated herein by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by the Issuer on December 22, 2017).

 

6



 

CUSIP No.   Y26889108

13D

 

 

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: July 31, 2018

 

 

AVENUE CAPITAL MANAGEMENT II, L.P.

 

 

 

By: Avenue Capital Management II GenPar, LLC, its general partner

 

 

 

 

 

By:

/s/ Eric Ross as attorney-in-fact

 

Name: Marc Lasry

 

Title: Managing Member

 

 

 

AVENUE CAPITAL MANAGEMENT II GENPAR, LLC

 

 

 

 

 

By:

/s/ Eric Ross as attorney-in-fact

 

Name: Marc Lasry

 

Title: Managing Member

 

 

 

MARC LASRY

 

 

 

By:

/s/ Eric Ross as attorney-in-fact

 

7



 

CUSIP No.   Y26889108

13D

 

 

Exhibit Index

 

Exhibit 99.5

 

Joint Filing Agreement by and among the Reporting Persons dated July 31, 2018.

 

 

 

Exhibit 99.7

 

Agreement and Plan of Merger, dated as of December 20, 2017, among the Issuer, Euronav and Merger Sub (incorporated herein by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by the Issuer on December 22, 2017).

 

8


EX-99.5 2 a18-17996_1ex99d5.htm EX-99.5

EXHIBIT 99.5

 

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a statement on Schedule 13D/A dated July 31, 2018 (including amendments thereto) with respect to the common stock of Euronav MI II Inc. This Joint Filing Agreement shall be filed as an Exhibit to such statement.

 

Dated: July 31, 2018

 

 

AVENUE CAPITAL MANAGEMENT II, L.P.

 

 

 

By: Avenue Capital Management II GenPar, LLC, its general partner

 

 

 

 

 

By:

/s/ Eric Ross as attorney-in-fact

 

Name: Marc Lasry

 

Title: Managing Member

 

 

 

AVENUE CAPITAL MANAGEMENT II GENPAR, LLC

 

 

 

 

 

By:

/s/ Eric Ross as attorney-in-fact

 

Name: Marc Lasry

 

Title: Managing Member

 

 

 

MARC LASRY

 

 

 

 

 

By:

/s/ Eric Ross as attorney-in-fact