CUSIP No. 46618D108
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13G
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Page 2 of 10 Pages
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1
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NAMES OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Axar Capital Management, LP
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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0
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6
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SHARED VOTING POWER
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0
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7
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SOLE DISPOSITIVE POWER
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0
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8
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SHARED DISPOSITIVE POWER
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0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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0
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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0.0%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IA
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CUSIP No. 46618D108
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13G
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Page 3 of 10 Pages
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1
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NAMES OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Axar GP, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
|
|||||
(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Delaware
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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0
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6
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SHARED VOTING POWER
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0
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7
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SOLE DISPOSITIVE POWER
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0
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8
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SHARED DISPOSITIVE POWER
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0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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0
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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0.0%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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OO, HC
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CUSIP No. 46618D108
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13G
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Page 4 of 10 Pages
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1
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NAMES OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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Andrew Axelrod
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States of America
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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0
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6
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SHARED VOTING POWER
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0
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7
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SOLE DISPOSITIVE POWER
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0
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8
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SHARED DISPOSITIVE POWER
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0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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0
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|||
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||||
10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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0.0%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IN, HC
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CUSIP No. 46618D108
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13G
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Page 5 of 10 Pages
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(a)
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Name of Issuer
The J.G. Wentworth Company |
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(b)
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Address of Issuer’s Principal Executive Offices
1200 Morris Drive, Suite 300, Chesterbrook, Pennsylvania 19087
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(a)
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Name of Person Filing
Pursuant to Regulation 13D-G of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the “Act”), the following persons (collectively, the “Reporting Persons”) hereby file this Schedule 13G Statement to report the shares of Class A Common Stock held on behalf of each of Axar Master Fund, Ltd., a Cayman Islands exempted company, and a separately managed account: Axar Capital Management, LP a Delaware limited partnership; Axar GP, LLC, a Delaware limited liability company; and Andrew Axelrod. Axar Capital Management, LP serves as investment advisor of each of Axar Master Fund, Ltd and the separately managed account. Axar GP, LLC is the sole general partner of Axar Capital Management, LP. Andrew Axelrod is the sole member of Axar GP, LLC and is the managing partner, portfolio manager and majority control person of Axar Capital Management, LP. In such capacities, the Reporting Persons may, pursuant to Rule 13d-3 under the Act, be deemed to be the beneficial owner of the shares of Class A Common Stock reported herein. The Reporting Persons are filing this statement jointly, in accordance with Rule 13d-1(k) under the Act. Neither the fact of this filing nor anything contained herein shall be deemed to be an admission by any of the Reporting Persons that they constitute a “group.”
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(b)
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Address of the Principal Office or, if none, residence
1330 Avenue of the Americas, 30th Floor, New York, NY 10019
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(c)
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Citizenship
Axar Capital Management, LP is a Delaware limited partnership. Axar GP, LLC is a Delaware limited liability company.
Andrew Axelrod is a citizen of the United States of America.
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(d)
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Title of Class of Securities
Class A Common Stock, par value $0.00001 per share |
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(e)
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CUSIP Number
46618D108 |
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An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).
A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).
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CUSIP No. 46618D108
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13G
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Page 6 of 10 Pages
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(a)
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Amount beneficially owned: 0 shares of Class A Common Stock
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(b)
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Percent of class: 0.0%
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(c)
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Number of shares as to which the person has:
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(i)
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Sole power to vote or to direct the vote : 0
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(ii)
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Shared power to vote or to direct the vote: 0
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(iii)
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Sole power to dispose or to direct the disposition of 0.
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(iv)
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Shared power to dispose or to direct the disposition of 0.
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CUSIP No. 46618D108
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13G
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Page 7 of 10 Pages
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The following certification shall be included if the statement is filed pursuant to §240.13d-1(b):
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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, other than activities solely in connection with a nomination under §240.14a-11.
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CUSIP No. 46618D108
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13G
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Page 8 of 10 Pages
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12/28/2017
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Date
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Axar Capital Management, LP | |||
By: Axar GP, LLC, its General Partner | |||
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By: /s/ Andrew Axelrod | |
Signature | |||
Andrew Axelrod, Sole Member of Axar GP, LLC | |||
Name/Title |
Axar GP, LLC | |||
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/s/ Andrew Axelrod | |
Signature | |||
Andrew Axelrod, Sole Member | |||
Name/Title |
Andrew Axelrod | |||
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/s/ Andrew Axelrod | |
Signature | |||
CUSIP No. 46618D108
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13G
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Page 9 of 10 Pages
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Ex.
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Page No.
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Joint Filing Agreement
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10
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CUSIP No. 46618D108
|
|
13G
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Page 10 of 10 Pages
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12/28/2017
|
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Date
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Axar Capital Management, LP | |||
By: Axar GP, LLC, its General Partner | |||
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By: /s/ Andrew Axelrod | |
Signature | |||
Andrew Axelrod, Sole Member of Axar GP, LLC | |||
Name/Title |
Axar GP, LLC | |||
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/s/ Andrew Axelrod | |
Signature | |||
Andrew Axelrod, Sole Member | |||
Name/Title |
Andrew Axelrod | |||
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/s/ Andrew Axelrod | |
Signature | |||