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UNITED STATES |
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SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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SCHEDULE 13D
(Rule 13d-101)
Information to be Included in Statements Filed Pursuant to § 240.13d-1(a) and Amendments
Thereto Filed Pursuant to § 240.13d-2(a)
Under the Securities Exchange Act of 1934
(Amendment No. 24)*
AFFINITY GAMING
(Name of Issuer)
Common Stock, $0.001 par value
(Title of Class of Securities)
Not Applicable
(CUSIP Number)
Martin J. Auerbach, Esq.
c/o Z Capital Partners, L.L.C.
1330 Avenue of the Americas
Suite 1100
New York, NY 10019
(212) 595-8400
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 24, 2015
(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
* The remainder of this cover page shall be filled out for a reporting persons 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 (the 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).
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.
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SCHEDULE 13D |
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1 |
Name of Reporting Persons | |||
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2 |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3 |
SEC Use Only | |||
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4 |
Source of Funds (See Instructions) | |||
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5 |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||
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6 |
Citizenship or Place of Organization | |||
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Number of |
7 |
Sole Voting Power | |||
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8 |
Shared Voting Power | ||||
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9 |
Sole Dispositive Power | ||||
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10 |
Shared Dispositive Power | ||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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13 |
Percent of Class Represented by Amount in Row (11) | |||
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14 |
Type of Reporting Person (See Instructions) | |||
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SCHEDULE 13D |
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1 |
Name of Reporting Persons | |||
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2 |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3 |
SEC Use Only | |||
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4 |
Source of Funds (See Instructions) | |||
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5 |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||
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6 |
Citizenship or Place of Organization | |||
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Number of |
7 |
Sole Voting Power | |||
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8 |
Shared Voting Power | ||||
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9 |
Sole Dispositive Power | ||||
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10 |
Shared Dispositive Power | ||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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13 |
Percent of Class Represented by Amount in Row (11) | |||
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14 |
Type of Reporting Person (See Instructions) | |||
SCHEDULE 13D
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1 |
Name of Reporting Persons | |||
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2 |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3 |
SEC Use Only | |||
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4 |
Source of Funds (See Instructions) | |||
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5 |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||
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6 |
Citizenship or Place of Organization | |||
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Number of |
7 |
Sole Voting Power | |||
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8 |
Shared Voting Power | ||||
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9 |
Sole Dispositive Power | ||||
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10 |
Shared Dispositive Power | ||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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13 |
Percent of Class Represented by Amount in Row (11) | |||
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Type of Reporting Person (See Instructions) | |||
SCHEDULE 13D
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1 |
Name of Reporting Persons | |||
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Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3 |
SEC Use Only | |||
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4 |
Source of Funds (See Instructions) | |||
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5 |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||
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6 |
Citizenship or Place of Organization | |||
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Number of |
7 |
Sole Voting Power | |||
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8 |
Shared Voting Power | ||||
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9 |
Sole Dispositive Power | ||||
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10 |
Shared Dispositive Power | ||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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13 |
Percent of Class Represented by Amount in Row (11) | |||
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Type of Reporting Person (See Instructions) | |||
SCHEDULE 13D
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1 |
Name of Reporting Persons | |||
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Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3 |
SEC Use Only | |||
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4 |
Source of Funds (See Instructions) | |||
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5 |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||
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6 |
Citizenship or Place of Organization | |||
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Number of |
7 |
Sole Voting Power | |||
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8 |
Shared Voting Power | ||||
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9 |
Sole Dispositive Power | ||||
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10 |
Shared Dispositive Power | ||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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Percent of Class Represented by Amount in Row (11) | |||
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Type of Reporting Person (See Instructions) | |||
SCHEDULE 13D
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1 |
Name of Reporting Persons | |||
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Check the Appropriate Box if a Member of a Group (See Instructions) | |||
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(a) |
o | ||
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(b) |
x | ||
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3 |
SEC Use Only | |||
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4 |
Source of Funds (See Instructions) | |||
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5 |
Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) o | |||
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6 |
Citizenship or Place of Organization | |||
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Number of |
7 |
Sole Voting Power | |||
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8 |
Shared Voting Power | ||||
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9 |
Sole Dispositive Power | ||||
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10 |
Shared Dispositive Power | ||||
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11 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||
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12 |
Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o | |||
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13 |
Percent of Class Represented by Amount in Row (11) | |||
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Type of Reporting Person (See Instructions) | |||
SCHEDULE 13D
Item 1. |
Security and Issuer |
This Amendment No. 24 to Schedule 13D (Amendment No. 24) amends and supplements the Schedule 13D filed with the United States Securities and Exchange Commission (the SEC) on October 23, 2012 (as amended and supplemented to date, the Schedule 13D) relating to the common stock, $0.001 par value (the Common Stock) of Affinity Gaming, a Nevada corporation (the Issuer) by each of the following (each a Reporting Person and together, the Reporting Persons): Z Capital Partners, L.L.C. (Z Capital); Zenni Holdings, LLC (Zenni Holdings); Z Capital Special Situations Adviser, L.P. (Special Adviser); Z Capital Special Situations Fund GP, L.P. (Special GP); Z Capital Special Situations Fund UGP, L.L.C. (Special UGP); and James J. Zenni, Jr. (Mr. Zenni).
Item 4. |
Purpose of Transaction. |
Item 4 is hereby amended and supplemented by the following:
On November 24, 2015, Z Capital delivered a letter (the November 24 Letter) to the Special Committee of the Board of Directors (the Special Committee) of the Issuer in which Z Capital amended its proposal to acquire all of the outstanding common shares of the Issuer not already owned by Z Capital and its affiliates originally provided in a letter delivered to the Special Committee on November 15, 2015 (the November 15 Proposal). The November 24 Letter increased the purchase price in the November 15 Proposal from $13.00 per share to $14.50 per share in cash, extended the expiration date of the November 15 Proposal from 5:00 PM Pacific Time on November 25, 2015 to 5:00 PM Pacific Time on November 27, 2015, and reduced the required exclusivity period in the November 15 Proposal from thirty (30) days to fourteen (14) days.
The description and summary of the November 24 Letter in this Item 4 does not purport to be complete and is qualified in its entirety by reference to the full text of the November 24 Letter, which is included as Exhibit 99.22 to this Schedule 13D and is incorporated herein by reference.
Item 6. |
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. |
Item 6 is hereby amended and supplemented by the following:
The response to Item 4 of this Amendment No. 24 is incorporated herein by reference.
Item 7. |
Material to be Filed as Exhibits. |
Item 7 is hereby amended and supplemented by the following:
Exhibit 99.22: Letter from Z Capital Partners, L.L.C. to the Special Committee of the Board of Directors of Affinity Gaming, dated November 24, 2015
SCHEDULE 13D
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.
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Z CAPITAL PARTNERS, L.L.C. | |
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By: |
/s/ James J. Zenni, Jr. |
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Name: |
James J. Zenni, Jr. |
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Title: |
President |
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ZENNI HOLDINGS LLC | |
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By: |
/s/ James J. Zenni, Jr. |
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Name: |
James J. Zenni, Jr. |
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Title: |
Sole Owner |
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Z CAPITAL SPECIAL SITUATIONS ADVISER, L.P. | |
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By: |
Z Capital Partners, L.L.C., General Partner |
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By: |
/s/ James J. Zenni, Jr. |
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Name: |
James J. Zenni, Jr. |
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Title: |
President |
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Z CAPITAL SPECIAL SITUATIONS FUND GP, L.P. | |
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By: |
Z Capital Special Situations UGP, L.L.C., General Partner |
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By: |
Z Capital Partners, L.L.C., Managing Member |
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By: |
/s/ James J. Zenni, Jr. |
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Name: |
James J. Zenni, Jr. |
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Title: |
President |
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Z CAPITAL SPECIAL SITUATIONS FUND UGP, L.L.C. | |
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By: |
Z Capital Partners, L.L.C., Managing Member |
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By: |
/s/ James J. Zenni, Jr. |
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Name: |
James J. Zenni, Jr. |
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Title: |
President |
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JAMES J. ZENNI, JR. | |
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/s/ James J. Zenni, Jr. | |
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November 25, 2015 |
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Attention: Intentional misstatements or omissions of act constitute federal violations (see 18 U.S.C. 1001).
Exhibit 99.22
November 24, 2015
By Email and Federal Express
The Special Committee of the Board of Directors
Attention: Matthew Doheny, Chairman
Affinity Gaming
3755 Breakthrough Way, Suite 300
Las Vegas, NV 89135
Re: Affinity Gaming Proposal
Dear Matt:
Z Capital Partners, L.L.C., on behalf of itself and its affiliated investment funds and/or designees (Z Capital), would like to express our appreciation for the Special Committees consideration of our initial proposal, dated November 15, 2015 (the November 15 Proposal). We hereby amend the November 15 Proposal to increase the purchase price from $13.00 per share to $14.50 per share in cash for all of the outstanding common shares of Affinity Gaming not already owned by Z Capital. We further amend the November 15 Proposal to extend the expiration time from 5:00 PM Pacific Time on November 25, 2015 to 5:00 PM Pacific Time on November 27, 2015. Finally, we hereby reduce the required exclusivity period in the November 15 Proposal from thirty (30) days to fourteen (14) days.
We are available immediately to discuss the terms of the November 15 Proposal (as amended hereby) and to negotiate and finalize the merger agreement and other definitive agreements with you.
We hope to receive a favorable response from you promptly.
Sincerely,
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Z Capital Partners, L.L.C. |
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/s/ James J. Zenni, Jr. |
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James J. Zenni, Jr. |
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President and Chief Executive Officer |
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Two Conway Park · 150 Field Drive · Suite 300 · Lake Forest, IL 60045 · Tel. (847) 235-8100 · Fax (847) 235-8111
1330 Avenue of the Americas · Suite 1100 · New York, NY 10019 · Tel. (212) 595-8400 · Fax (212) 595-9200
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