0000950142-20-000962.txt : 20200331 0000950142-20-000962.hdr.sgml : 20200331 20200331180209 ACCESSION NUMBER: 0000950142-20-000962 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200327 FILED AS OF DATE: 20200331 DATE AS OF CHANGE: 20200331 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Corre Partners Management, LLC CENTRAL INDEX KEY: 0001537323 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-05415 FILM NUMBER: 20763108 BUSINESS ADDRESS: STREET 1: 12 EAST 49TH STREET STREET 2: SUITE 4003 CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 646 863 7150 MAIL ADDRESS: STREET 1: 12 EAST 49TH STREET STREET 2: SUITE 4003 CITY: NEW YORK STATE: NY ZIP: 10017 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: A. M. Castle & Co. CENTRAL INDEX KEY: 0000018172 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-METALS SERVICE CENTERS & OFFICES [5051] IRS NUMBER: 360879160 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1420 KENSINGTON ROAD STREET 2: SUITE 220 CITY: OAK BROOK STATE: IL ZIP: 60523 BUSINESS PHONE: 8474557111 MAIL ADDRESS: STREET 1: 1420 KENSINGTON ROAD STREET 2: SUITE 220 CITY: OAK BROOK STATE: IL ZIP: 60523 FORMER COMPANY: FORMER CONFORMED NAME: CASTLE A M & CO DATE OF NAME CHANGE: 19920703 4 1 es2000559_4-corre.xml OWNERSHIP DOCUMENT X0306 4 2020-03-27 0 0000018172 A. M. Castle & Co. CTAM 0001537323 Corre Partners Management, LLC 12 EAST 49TH STREET, 40TH FLOOR NEW YORK NY 10017 0 0 1 0 Common Stock, par value $0.01 per share ("Common Stock") 2020-03-27 4 J 0 10469092 A 10702564 I See footnote 5.0% / 7.0% Convertible Sr Secured PIK Toggle Notes due 2022 2020-03-27 4 J 0 28340524 D Common Stock, par value $0.01 per share 0 I See footnote 3.0% / 5.0% Convertible Sr Secured PIK Toggle Notes due 2024 2020-03-27 4 J 0 14175436 A Common Stock, par value $0.01 per share 31100383 14175436 I See footnote On March 27, 2020, the Issuer completed an exchange transaction (the "Exchange"), whereby it issued new 3.00%/5.00% Convertible Senior PIK Toggle Notes due 2024 (the "New Notes") and shares of its Common Stock in exchange for its existing 5.00%/7.00% Convertible Senior PIK Toggle Notes due 2022 (the "Old Notes"). In connection with the Exchange, the Reporting Persons received an aggregate of 10,469,092 shares of Common Stock and $14,175,436 in aggregate principal amount of New Notes in exchange for $28,340,524 in aggregate principal amount of Old Notes beneficially owned by the Reporting Persons, plus accrued and unpaid interest thereon. The New Notes are convertible at the election of the holder at any time prior to the close of business on the trading day immediately preceding August 31, 2024, the maturity date of the New Notes. The New Notes are convertible into shares of Common Stock at an initial conversion rate of 2.1939631 shares of Common Stock per $1.00 principal amount of New Notes (subject to adjustment in certain circumstances). Upon conversion of the New Notes, the settlement of the conversion right may, at the option of the Issuer, be in the form of shares of Common Stock, cash or a combination of cash and shares of Common Stock. These securities are directly owned by Corre Opportunities Qualified Master Fund, LP (the "Fund") and may be deemed to be beneficially owned by Corre Partners Management, LLC ("Corre Partners"). Corre Partners Advisors, LLC (the "General Partner") serves as the general partner of the Fund and Corre Partners has been delegated investment authority over the assets of the Fund by the General Partner. /s/ Eric Soderlund, Authorized Signatory 2020-03-31