0000950142-20-000963.txt : 20200331
0000950142-20-000963.hdr.sgml : 20200331
20200331180249
ACCESSION NUMBER: 0000950142-20-000963
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: Wolverine Trading Partners, Inc.
CENTRAL INDEX KEY: 0001642866
STATE OF INCORPORATION: IL
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-05415
FILM NUMBER: 20763112
BUSINESS ADDRESS:
STREET 1: 175 WEST JACKSON BLVD
STREET 2: SUITE 200
CITY: CHICAGO
STATE: IL
ZIP: 60604
BUSINESS PHONE: 312-884-3745
MAIL ADDRESS:
STREET 1: 175 WEST JACKSON BLVD
STREET 2: SUITE 200
CITY: CHICAGO
STATE: IL
ZIP: 60604
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: WOLVERINE ASSET MANAGEMENT LLC
CENTRAL INDEX KEY: 0001279891
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-05415
FILM NUMBER: 20763113
BUSINESS ADDRESS:
STREET 1: 175 W. JACKSON
STREET 2: SUITE 340
CITY: CHICAGO
STATE: IL
ZIP: 60064
BUSINESS PHONE: 3128844400
MAIL ADDRESS:
STREET 1: 175 WEST JACKSON
STREET 2: SUITE 340
CITY: CHICAGO
STATE: IL
ZIP: 60604
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Wolverine Holdings, L.P.
CENTRAL INDEX KEY: 0001542456
STATE OF INCORPORATION: IL
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-05415
FILM NUMBER: 20763114
BUSINESS ADDRESS:
STREET 1: 175 W. JACKSON BLVD.
STREET 2: SUITE 200
CITY: CHICAGO
STATE: IL
ZIP: 60604
BUSINESS PHONE: 312-884-4000
MAIL ADDRESS:
STREET 1: 175 W. JACKSON BLVD.
STREET 2: SUITE 200
CITY: CHICAGO
STATE: IL
ZIP: 60604
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
es2000561_4-wolverine.xml
OWNERSHIP DOCUMENT
X0306
4
2020-03-27
0
0000018172
A. M. Castle & Co.
CTAM
0001279891
WOLVERINE ASSET MANAGEMENT LLC
175 W. JACKSON BLVD., SUITE 340
CHICAGO
IL
60604
0
0
1
0
0001542456
Wolverine Holdings, L.P.
175 W. JACKSON BLVD., SUITE 340
CHICAGO
IL
60604
0
0
1
0
0001642866
Wolverine Trading Partners, Inc.
175 W. JACKSON BLVD., SUITE 340
CHICAGO
IL
60604
0
0
1
0
Common Stock, par value $0.01 per share ("Common Stock")
2020-03-27
4
J
0
3681985
A
3752890
I
See footnote
5.0% / 7.0% Convertible Sr Secured PIK Toggle Notes due 2022
2020-03-27
4
J
0
9967379
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
4985509.00
A
Common Stock, par value $0.01 per share
10938022
4985509.00
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 3,681,985 shares of Common Stock and $4,985,509.00 in aggregate principal amount of New Notes in exchange for $9,967,379 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.
This statement is filed by: (i) Wolverine Asset Management, LLC, an Illinois limited liability company ("WAM"), as the investment manager of Wolverine Flagship Fund Trading Limited ("Flagship"); (ii) Wolverine Holdings, L.P., an Illinois limited partnership ("WH"), as the sole member and manager of WAM; (iii) Wolverine Trading Partners, Inc., an Illinois corporation ("WTP"), as the sole general partner of WH; (iv) Christopher L. Gust, as a control shareholder of WTP; and (v) Robert R. Bellick, as a control shareholder of WTP. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of such Reporting Person's pecuniary interest therein.
WOLVERINE ASSET MANAGEMENT, LLC, By: /s/ Keri L. Kelly, Title: Chief Compliance Officer
2020-03-31
WOLVERINE HOLDINGS, L.P., By: /s/ Christopher L. Gust, Title: Managing Director
2020-03-31
WOLVERINE TRADING PARTNERS, INC., By: /s/ Christopher L. Gust, Title: Authorized signatory
2020-03-31