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