0000905718-19-000350.txt : 20190408 0000905718-19-000350.hdr.sgml : 20190408 20190408162343 ACCESSION NUMBER: 0000905718-19-000350 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20190408 DATE AS OF CHANGE: 20190408 GROUP MEMBERS: ANTHONY MELCHIORRE GROUP MEMBERS: CHATHAM ASSET HIGH YIELD MASTER FUND, LTD. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Twin River Worldwide Holdings, Inc. CENTRAL INDEX KEY: 0001747079 STANDARD INDUSTRIAL CLASSIFICATION: HOTELS & MOTELS [7011] IRS NUMBER: 200904604 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-90968 FILM NUMBER: 19737663 BUSINESS ADDRESS: STREET 1: 100 TWIN RIVER ROAD CITY: LINCOLN STATE: RI ZIP: 02865 BUSINESS PHONE: (401) 475-8474 MAIL ADDRESS: STREET 1: 100 TWIN RIVER ROAD CITY: LINCOLN STATE: RI ZIP: 02865 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Chatham Asset Management, LLC CENTRAL INDEX KEY: 0001511989 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 26 MAIN STREET, SUITE 204 CITY: CHATHAM STATE: NJ ZIP: 07928 BUSINESS PHONE: 973-701-2431 MAIL ADDRESS: STREET 1: 26 MAIN STREET, SUITE 204 CITY: CHATHAM STATE: NJ ZIP: 07928 SC 13G 1 twinriver_13gmar292019.htm TWIN RIVER WORLDWIDE HOLDINGS, INC. 13G

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

 

 

Under the Securities Exchange Act of 1934

(Amendment No.   )*

 

 

TWIN RIVER WORLDWIDE HOLDINGS, INC.

(Name of Issuer)

 

COMMON STOCK, $0.01 PAR VALUE PER SHARE

(Title of Class of Securities)

 

90171V204 

(CUSIP Number)

 

MARCH 29, 2019

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:

 

[   ] Rule 13d-1(b)

[X] Rule 13d-1(c)

[   ] Rule 13d-1(d)

 

 

* 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 the disclosures provided in a prior cover page.

The information required in 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. 90171V204
(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (entities only):
  Chatham Asset Management, LLC  
(2) Check the Appropriate Box if a Member of a Group (a) [  ]  
  (b) [  ]  
     
(3) SEC Use Only
(4) Citizenship or Place of Organization
  Delaware  
Number of Shares Beneficially Owned By Each Reporting Person With
  (5) Sole Voting Power:  
  (6) Shared Voting Power: 5,791,023*  
  (7) Sole Dispositive Power:  
  (8) Shared Dispositive Power: 5,791,023*  
       
(9) Aggregate Amount Beneficially Owned by Each Reporting Person: 5,791,023*
     
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): [  ]
(11) Percent of Class Represented by Amount in Row (9): 14.1%*
(12) Type of Reporting Person (See Instructions): IA
             

*See Item 4 for additional information.

 

 
 
 

  

CUSIP NO. 90171V204
(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (entities only):
  Anthony Melchiorre  
(2) Check the Appropriate Box if a Member of a Group (a) [  ]  
  (b) [  ]  
     
(3) SEC Use Only
(4) Citizenship or Place of Organization
  United States of America  
Number of Shares Beneficially Owned By Each Reporting Person With
  (5) Sole Voting Power:  
  (6) Shared Voting Power: 5,791,023*  
  (7) Sole Dispositive Power:  
  (8) Shared Dispositive Power: 5,791,023*  
       
(9) Aggregate Amount Beneficially Owned by Each Reporting Person: 5,791,023*
     
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): [  ]
(11) Percent of Class Represented by Amount in Row (9): 14.1%*
(12) Type of Reporting Person (See Instructions): IN
             

*See Item 4 for additional information.

 

 
 
 

  

CUSIP NO. 90171V204
(1) Names of Reporting Persons. I.R.S. Identification Nos. of Above Persons (entities only):
  Chatham Asset High Yield Master Fund, Ltd.  
(2) Check the Appropriate Box if a Member of a Group (a) [  ]  
  (b) [  ]  
     
(3) SEC Use Only
(4) Citizenship or Place of Organization
  Cayman Islands  
Number of Shares Beneficially Owned By Each Reporting Person With
  (5) Sole Voting Power:  
  (6) Shared Voting Power: 2,747,436*  
  (7) Sole Dispositive Power:  
  (8) Shared Dispositive Power: 2,747,436*  
       
(9) Aggregate Amount Beneficially Owned by Each Reporting Person: 2,747,436*
     
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions): [  ]
(11) Percent of Class Represented by Amount in Row (9): 6.7%*
(12) Type of Reporting Person (See Instructions): CO
             

*See Item 4 for additional information.

 

 
 

 

Item 1(a). Name Of Issuer:

 

 

Twin River Worldwide Holdings, Inc. (the “Company”)

 

Item 1(b). Address of Issuer’s Principal Executive Offices:

 

 

100 Twin River Road

Lincoln, RI 02865

Item 2(a). Name of Person Filing:
 

This report on Schedule 13G (this “Schedule 13G”), is being jointly filed by (i) Chatham Asset Management, LLC (“CAM”), a Delaware limited liability company and the investment manager to (a) Chatham Asset High Yield Master Fund, Ltd. (“Chatham Master Fund”), a Cayman Islands exempted company and (b) other affiliated funds (collectively with Chatham Master Fund, the “Chatham Funds”), (ii) Chatham Master Fund; and (iii) Anthony Melchiorre, as the managing member of CAM (“Mr. Melchiorre” and, collectively with CAM and Chatham Master Fund, the “Reporting Persons”).

 

Item 2(b). Address of Principal Business Office or, if None, Residence:

 

  The address for the Reporting Persons is: 26 Main Street, Suite 204, Chatham, New Jersey 07928.

Item 2(c). Citizenship:
  CAM is organized under the laws of the State of Delaware. Mr. Melchiorre is a citizen of the United States. Chatham Master Fund is a Cayman Islands exempted company.

 

 

 

Item 2(d). Title of Class of Securities:
  Common Stock, $0.01 par value per share (the “Common Stock”).
Item 2(e). CUSIP No.:
  90171V204
Item 3. If This Statement Is Filed Pursuant to Section 240.13d-1(b) or 240.13d-2(b) or (c), check whether the Person Filing is a:
  Not Applicable.

 

Item 4. Ownership:  

As reported in the cover pages to this report, the ownership information with respect to each of the CAM and Mr. Melchiorre is as follows:

 

 
  (a) Amount Beneficially Owned: 5,791,023*    
  (b) Percent of Class: 14.1%*    
  (c) Number of Shares as to which such person has:      
  (i) sole power to vote or to direct the vote:  
  (ii) shared power to vote or to direct the vote: 5,791,023*  
  (iii) sole power to dispose or to direct the disposition of:  
  (iv) shared power to dispose or to direct the disposition of: 5,791,023*  
           

As reported in the cover pages to this report, the ownership information with respect to Chatham Master Fund is as follows:
  (a) Amount Beneficially Owned: 2,747,436*  
  (b) Percent of Class: 6.7%*  
  (c) Number of Shares as to which such person has:    
  (i) sole power to vote or to direct the vote:  
  (ii) shared power to vote or to direct the vote: 2,747,436*  
  (iii) sole power to dispose or to direct the disposition of:  
  (iv) shared power to dispose or to direct the disposition of: 2,747,436*  
         

 

* This Schedule 13G is being jointly filed by CAM, Chatham Master Fund, and Mr. Melchiorre.

 

 

 

 

The foregoing beneficial ownership percentage is based upon 41,070,920 shares of Common Stock, issued and outstanding as of March 29, 2019, based on information reported by the Company in its annual report on Form 10-K, filed with the Securities and Exchange Commission on April 1, 2019.

 

 

The 5,791,023 shares of Common Stock held in the aggregate by the Chatham Funds, which constitutes approximately 14.1% of the shares of Common Stock of the Company deemed issued and outstanding as of the date of the event requiring this filing, may be deemed to be beneficially owned (x) indirectly by CAM, as the investment manager to the Chatham Funds, and (y) indirectly by Mr. Melchiorre, as the managing member of CAM.

 

 

Item 5. Ownership of Five Percent or Less of a Class
  If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following: [   ]
Item 6. Ownership of More Than Five Percent on Behalf of Another Person
  Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person
  Not Applicable.
Item 8. Identification and Classification of Members of the Group
  Not Applicable.
Item 9. Notice of Dissolution of Group
  Not Applicable.

 

Item 10. Certification

 

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 
 

 

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.

 

April 8, 2019

 

  CHATHAM ASSET MANAGEMENT, LLC  
     
     

 

  By: /s/ Anthony Melchiorre  

 

    Name: Anthony Melchiorre  
    Title: Managing Member  
         
     

 

  CHATHAM ASSET HIGH YIELD MASTER FUND, LTD.  
     
  By: Chatham Asset Management, LLC , its Investment Manager  
     
     

 

  By: /s/ Anthony Melchiorre  

 

    Name: Anthony Melchiorre  
    Title: Managing Member  
         
     
     
  /s/ Anthony Melchiorre  
  Anthony Melchiorre  
     

 

 

Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001).

 

 
 

 

 

Exhibit Index

 

Exhibit

 

1. Joint Filing Agreement, dated as of April 8, 2019, by and among Chatham Asset Management, LLC, Anthony Melchiorre, and Chatham Asset High Yield Master Fund, Ltd.

 

 
 

 

Exhibit 1

 

 

JOINT FILING AGREEMENT

 

In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of them of a statement on Schedule 13G (including amendments thereto) with respect to the shares of Common Stock, $0.01 par value per share, of the Twin River Worldwide Holdings, Inc., a Delaware corporation, and further agree that this Joint Filing Agreement be included as Exhibit 1 to such Schedule 13G. In evidence thereof, the undersigned hereby execute this agreement this 8th day of April, 2019.

 

  CHATHAM ASSET MANAGEMENT, LLC  
     
     

 

  By: /s/ Anthony Melchiorre  

 

    Name: Anthony Melchiorre  
    Title: Managing Member  
         
     

 

  CHATHAM ASSET HIGH YIELD MASTER FUND, LTD.  
     
  By: Chatham Asset Management, LLC , its Investment Manager  
     
     

 

  By: /s/ Anthony Melchiorre  

 

    Name: Anthony Melchiorre  
    Title: Managing Member  
         
     
     
  /s/ Anthony Melchiorre  
  Anthony Melchiorre