-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OrVlzSEaIhL1gJkfSUWwt/A23oR4BZkqpXU6cHUwMMpKjNQklXrHfbrTWALYJlIS aQUHUDjn9lmHda7nl+Oqcw== 0000912057-96-006727.txt : 19960422 0000912057-96-006727.hdr.sgml : 19960422 ACCESSION NUMBER: 0000912057-96-006727 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 19960419 SROS: NASD GROUP MEMBERS: OAKTREE CAPITAL MANAGEMENT, LLC GROUP MEMBERS: TCW GROUP INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KINDERCARE LEARNING CENTERS INC /DE CENTRAL INDEX KEY: 0000832812 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] IRS NUMBER: 630941966 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-40318 FILM NUMBER: 96548775 BUSINESS ADDRESS: STREET 1: 2400 PRESIDENTS DR CITY: MONTGOMERY STATE: AL ZIP: 36116 BUSINESS PHONE: 3342775090 MAIL ADDRESS: STREET 1: P O BOX 20960 CITY: MONTGOMERY STATE: AL ZIP: 36120-0960 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TCW GROUP INC CENTRAL INDEX KEY: 0000850401 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 865 SOUTH FIGUEROA ST CITY: LOS ANGELES STATE: CA ZIP: 90017 MAIL ADDRESS: STREET 2: 865 SOUTH FIGUEROA STREET CITY: LOS ANGELES STATE: CA ZIP: 90017 SC 13D/A 1 SCHEDULE 13D/A OMB APPROVAL ------------ OMB Number 3235-0145 Expires: October 31, 1994 Estimated average burden hours per form 14.90 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2)* KINDERCARE LEARNING CENTERS, INC. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock, par value $0.01 per share - -------------------------------------------------------------------------------- (Title of Class of Securities) 494521 20 6 ---------------- (CUSIP Number) Michael E. Cahill, Esq. (213) 244-0000 Managing Director & General Counsel 865 South Figueroa Street, Suite 1800 The TCW Group, Inc. Los Angeles, California 90017 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 16, 1996 - -------------------------------------------------------------------------------- (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(b)(3) or (4), check the following box / /. Check the following box if a fee is being paid with the statement / /. (A fee is not required only if the reporting person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7.) NOTE: Six copies of this statement, including all exhibits, should be filed with the Commission. See Rule 13d-1(a) for other parties to whom copies are to be sent. *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 disclosures provided in a prior cover page. The information required on 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).
SCHEDULE 13D CUSIP NO. 494521 20 6 PAGE 2 OF 22 PAGES - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The TCW Group, Inc. - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / (b)/X/ - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* Not applicable. - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION Nevada - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 10,764,016** OWNED BY ----------------------------------------------------------------------------------------------------------------- EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- ------------------------------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 10,764,016** ------------------------------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 10,764,016** - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 52.6% - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* HC, CO - ------------------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. ** includes 958,683 shares issuable upon exercise of warrants SCHEDULE 13D CUSIP NO. 494521 20 6 PAGE 3 OF 22 PAGES - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Trust Company of the West - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / (b)/X/ - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* Not applicable. - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,149,264 OWNED BY ------------------------------------------------------------------------------------------------------------------ EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- ------------------------------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 1,149,264 ------------------------------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,149,264 - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.9% - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* CO - ------------------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP NO. 494521 20 6 PAGE 4 OF 22 PAGES - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON TCW Asset Management Company - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / (b)/X/ - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* Not applicable. - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 9,614,752** OWNED BY ------------------------------------------------------------------------------------------------------------------ EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- ------------------------------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 9,614,752** ------------------------------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 9,614,752** - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 47.0% - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* CO, IA - ------------------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. ** includes 958,683 shares issuable upon exercise of warrants SCHEDULE 13D CUSIP NO. 494521 20 6 PAGE 5 OF 22 PAGES - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON TCW Special Credits - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / (b)/X/ - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* Not applicable. - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 6,045,831 OWNED BY ------------------------------------------------------------------------------------------------------------------ EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- ------------------------------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 6,045,831 ------------------------------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,045,831 - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 31.0% - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* PN, IA - ------------------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP NO. 494521 20 6 PAGE 6 OF 22 PAGES - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Oaktree Capital Management, LLC - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / (b)/X/ - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* Not Applicable - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 111,473 OWNED BY ------------------------------------------------------------------------------------------------------------------ EACH 8 SHARED VOTING POWER REPORTING PERSON WITH 3,568,921** ------------------------------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 111,473 ------------------------------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER 3,568,921** - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,680,394** - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 18.0% - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* IA; CO - ------------------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. ** includes 958,683 shares issuable upon exercise of warrants SCHEDULE 13D CUSIP NO. 494521 20 6 PAGE 7 OF 22 PAGES - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON TCW Special Credits Fund V - The Principal Fund - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / (b)/X/ - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* WC - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 3,568,921** OWNED BY ------------------------------------------------------------------------------------------------------------------ EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- ------------------------------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 3,568,921** ------------------------------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,568,921** - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 17.5% - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. ** includes 958,683 shares issuable upon exercise of warrants SCHEDULE 13D CUSIP NO. 494521 20 6 PAGE 8 OF 22 PAGES - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON TCW Special Credits Fund II - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / (b)/X/ - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* Not Applicable - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 759,767 OWNED BY ------------------------------------------------------------------------------------------------------------------ EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- ------------------------------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 759,767 - ------------------------------------------------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 759,767 - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.9% - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP NO. 494521 20 6 PAGE 9 OF 22 PAGES - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON TCW Special Credits Fund IIb - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / (b)/X/ - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* Not Applicable - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 695,883 OWNED BY ------------------------------------------------------------------------------------------------------------------ EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- ------------------------------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 695,883 ------------------------------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 695,883 - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.6% - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP NO. 494521 20 6 PAGE 10 OF 22 PAGES - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON TCW Special Credits Fund III - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / (b)/X/ - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* Not Applicable - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 2,462,032 OWNED BY ------------------------------------------------------------------------------------------------------------------ EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- ------------------------------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 2,462,032 ------------------------------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,462,032 - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 12.6% - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP NO. 494521 20 6 PAGE 11 OF 22 PAGES - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON TCW Special Credits Fund IIIb - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / (b)/X/ - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* Not Applicable - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 1,008,198 OWNED BY ------------------------------------------------------------------------------------------------------------------ EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- ------------------------------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 1,008,198 ------------------------------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,008,198 - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 5.2% - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* PN - ------------------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP NO. 494521 20 6 PAGE 12 OF 22 PAGES - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON TCW Special Credits Trust - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / (b)/X/ - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ------------------------------------------------------------------------------------------------------------------------------------ 4 SOURCE OF FUNDS* Not Applicable - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 747,159 OWNED BY ------------------------------------------------------------------------------------------------------------------ EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- ------------------------------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 747,159 ------------------------------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 747,159 - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 3.8% - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* OO - ------------------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION. SCHEDULE 13D CUSIP NO. 494521 20 6 PAGE 13 OF 22 PAGES - ------------------------------------------------------------------------------------------------------------------------------------ 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON TCW Special Credits Trust IIIb - ------------------------------------------------------------------------------------------------------------------------------------ 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)/ / (b)/X/ - ------------------------------------------------------------------------------------------------------------------------------------ 3 SEC USE ONLY - ----------------------------------------------------------------------------------------------------------------------------------- 4 SOURCE OF FUNDS* Not Applicable - ------------------------------------------------------------------------------------------------------------------------------------ 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / / - ------------------------------------------------------------------------------------------------------------------------------------ 6 CITIZENSHIP OR PLACE OF ORGANIZATION California - ------------------------------------------------------------------------------------------------------------------------------------ NUMBER OF 7 SOLE VOTING POWER SHARES BENEFICIALLY 402,105 OWNED BY ------------------------------------------------------------------------------------------------------------------ EACH 8 SHARED VOTING POWER REPORTING PERSON WITH -0- ------------------------------------------------------------------------------------------------------------------ 9 SOLE DISPOSITIVE POWER 402,105 ------------------------------------------------------------------------------------------------------------------ 10 SHARED DISPOSITIVE POWER -0- - ------------------------------------------------------------------------------------------------------------------------------------ 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 402,105 - ------------------------------------------------------------------------------------------------------------------------------------ 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* / / - ------------------------------------------------------------------------------------------------------------------------------------ 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 2.1% - ------------------------------------------------------------------------------------------------------------------------------------ 14 TYPE OF REPORTING PERSON* OO - ------------------------------------------------------------------------------------------------------------------------------------ *SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
ITEM 1. SECURITY AND ISSUER This Statement relates to the Common Stock, par value $0.01 per share ("Common Stock"), of Kindercare Learning Centers, Inc., a Delaware corporation (the "Issuer"). The address of the principal executive office of the Issuer is 2400 Presidents Drive, Montgomery, Alabama 36116. ITEM 2. IDENTITY AND BACKGROUND This Statement is filed on behalf of (1) The TCW Group, Inc., a Nevada corporation ("TCWG"); (2) Trust Company of the West, a California corporation and wholly-owned subsidiary of TCWG ("TCW"); (3) TCW Asset Management Company, a California corporation and wholly-owned subsidiary of TCWG ("TAMCO"); (4) TCW Special Credits, a California general partnership of which TAMCO is the managing general partner ("Special Credits"); (5) Four California limited partnerships, TCW Special Credits Fund II, TCW Special Credits Fund IIb, TCW Special Credits Fund III and TCW Special Credits Fund IIIb (hereinafter referred to as the "Special Credits Limited Partnerships") of which Special Credits is the general partner; (6) TCW Special Credits Fund V, The Principal Fund, a California limited partnership of which TAMCO is the general partner ("Principal Fund"); (7) Two California collective investment trusts, TCW Special Credits Trust and TCW Special Credits Trust IIIb (hereinafter referred to as the "Special Credits Trusts") of which TCW is the trustee; (8) Oaktree Capital Management, LLC, a California limited liability company ("Oaktree"), manager of The Principal Fund pursuant to a subadvisory agreement between TAMCO and Oaktree. Special Credits, Special Credits Trusts and the Special Credits Limited Partnerships are hereinafter collectively referred to as the "Special Credits Entities." TCWG, TCW, TAMCO, the Special Credits Entities and The Principal Fund are hereinafter collectively referred to as the "TCW Related Entities." Special Credits is also the investment manager of third party accounts which invest in similar securities as the Special Credit Entities (the "Special Credits Accounts"), and Oaktree is also the investment manager of other third party accounts which hold shares of the Issuer's Common Stock (the "Oaktree Accounts"). TCWG is a holding company of entities involved in the principal business of providing investment advice and management services. TCW is a trust company which provides investment management services, including to the Special Credits Trusts. TAMCO is an investment adviser and provides investment advice and management services to institutional and individual investors, including The Principal Fund. Special Credits provides investment advice and management services to the Special Credits Limited Partnerships and Special Credits Accounts. The Special Credits Limited Partnerships are investment partnerships which invest in financially distressed entities. The Special Credits Trusts are collective investment trusts which invest in financially distressed entities. The Principal Fund is a limited partnership which invests in entities in which there is a potential for The Principal Fund to exercise significant influence over such entities. The address of the principal business and principal office for the TCW Related Entities is 865 South Figueroa Street, Suite 1800, Los Angeles, California 90017. Pursuant to a subadvisory agreement between TAMCO and Oaktree Capital Management, LLC, a California limited liability company ("Oaktree"), The Principal Fund is managed by Oaktree, whose business address is 550 South Hope Street, Suite 2200, Los Angeles, California 90071. The principal business of Oaktree is to provide investment advice and management services to institutional and individual investors. (A)-(C) & (F) (I) The executive officers of TCWG are listed below. The principal business address for each executive officer is 865 South Figueroa Street, Suite 1800, Los Angeles, California, 90017. Each executive officer is a citizen of the United States of America unless otherwise specified below: 14 EXECUTIVE OFFICERS - ------------------ Robert A. Day Chairman of the Board & Chief Executive Officer Ernest O. Ellison Vice Chairman of the Board Marc I. Stern President Alvin R. Albe, Jr. Executive Vice President, Finance & Administration Thomas E. Larkin, Jr. Executive Vice President & Group Managing Director Michael E. Cahill Managing Director, General Counsel & Secretary David K. Sandie Managing Director, Chief Financial Officer & Assistant Secretary Schedule I attached hereto and incorporated herein sets forth with respect to each director of TCWG his name, residence or business address, citizenship, present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted. (II) The executive officers and directors of TCW are listed below. The principal business address for each executive officer and director is 865 South Figueroa Street, Suite 1800, Los Angeles, California 90017. Each executive officer is a citizen of the United States of America unless otherwise specified below: EXECUTIVE OFFICERS & DIRECTORS - ------------------------------ Robert A. Day Chairman of the Board & Chief Executive Officer Ernest O. Ellison Director & Vice Chairman Thomas E. Larkin, Jr. Director & President Alvin R. Albe, Jr. Director & Executive Vice President, Finance & Administration Marc I. Stern Director, Executive Vice President, Managing Director & Chief Investment Officer - International Michael E. Cahill Managing Director, General Counsel & Secretary David K. Sandie Managing Director, Chief Financial Officer & Assistant Secretary (III) The executive officers and directors of TAMCO are listed below. The principal business address for each executive officer, director and portfolio manager is 865 South Figueroa Street, Suite 1800, Los Angeles, California, 90017. Each executive officer and director is a citizen of the United States of America unless otherwise specified below: EXECUTIVE OFFICERS & DIRECTORS - ------------------------------ Robert A. Day Chairman of the Board & Chief Executive Officer Thomas E. Larkin, Jr. Director & Vice Chairman of the Board Marc I. Stern Director, Vice Chairman of the Board & Chief Investment Officer - International Ernest O. Ellison Chief Investment Officer - Domestic Fixed Income Alvin R. Albe, Jr. Director, Executive Vice President, Finance & Administration Michael E. Cahill Managing Director, General Counsel & Secretary David K. Sandie Managing Director, Chief Financial Officer & Assistant Secretary Hilary G.D. Lord Senior Vice President, Chief Compliance Officer & Assistant Secretary (IV) The following sets forth with respect to each general partner of Special Credits his name, residence or business address, present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted for. Each general partner who is a natural person is a citizen of the United States of America unless otherwise specified below. TAMCO is the Managing General Partner. See information in paragraph (iii) above. Bruce A. Karsh President and Principal Oaktree Capital Management, LLC 550 South Hope Street 22nd Floor Los Angeles, California 90071 15 Howard S. Marks Chairman and Principal Oaktree Capital Management, LLC 550 South Hope Street 22nd Floor Los Angeles, California 90071 Sheldon M. Stone Principal Oaktree Capital Management, LLC 550 South Hope Street 22nd Floor Los Angeles, California 90071 David Richard Masson Principal Oaktree Capital Management, LLC 550 South Hope Street 22nd Floor Los Angeles, California 90071 (V) Special Credits is the sole general partner of the Special Credits Limited Partnerships. See information in paragraph (iv) above regarding Special Credits and its general partners. (VI) TAMCO is the sole general partner of Principal Fund. See information in paragraph (iii) above regarding TAMCO and its executive officers and directors. (VII) The members and executive officers of Oaktree and the portfolio managers of the Special Credits Limited Partnerships, the Special Credits Accounts and The Principal Fund are listed below. The principal address for each member and executive officer of Oaktree and each Portfolio Manager of the Fund is 550 S. Hope Street, Los Angeles, California 90071. All individuals listed below are citizens of the United States of America. EXECUTIVE OFFICERS AND MEMBERS - ------------------------------ Howard S. Marks Chairman and Principal Bruce A. Karsh President and Principal Sheldon M. Stone Principal David Richard Masson Principal Larry Keele Principal David Kirchheimer Managing Director and Chief Financial and Administrative Officer Kenneth Liang Managing Director and General Counsel PORTFOLIO MANAGERS Stephen A. Kaplan Senior Managing Director Bruce A. Karsh President and Principal (D)-(E) During the last five years, neither TCWG, TCW, TAMCO, the Special Credits Entities, The Principal Fund, Oaktree, nor, to the best of their knowledge, any of their respective executive officers, directors and general partners (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceedings was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. 16 ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION On March 1, 1996, the Special Credit Accounts distributed in-kind to Special Credits 27,868 shares of the Issuer's Common Stock as an incentive payment for managing the assets of the Special Credits Accounts. On March 1, 1996, participants in the Oaktree Accounts distributed in-kind to the Oaktree Accounts 111,473 shares of the Issuer's Common Stock to be managed by Oaktree. On April 16, 1996 and on April 17, 1996, The Principal Fund acquired 781,377 shares of the Issuer's Common Stock and warrants to purchase 958,683 shares of the Issuer's Common Stock and acquired 62,500 shares of the Issuer's Common Stock, respectively, through private transaction and through broker-dealers. Approximately $11,315,409.13 and $804,687.50, respectively, of funds, including brokerage commission, were used by The Principal Fund for the acquisition of such shares of Common Stock and warrants which was obtained from the working capital of such limited partnership. The Principal Fund had previously obtained other shares, reported herein, on the open market through broker-dealers. The Special Credits Limited Partnerships, Special Credits Trusts and Special Credits Accounts had previously obtained other shares of the Issuer's Common Stock, reported herein, primarily in connection with the bankruptcy restructuring on March 31, 1993 pursuant to the Second Amended Plan of Reorganization of the Issuer and the open market purchase of shares through broker-dealers. ITEM 4. PURPOSE OF TRANSACTION The shares of Common Stock and warrants acquired on April 16, 1996 and on April 17, 1996 were acquired for investment purposes. Based on continuing evaluation of the Issuer's businesses and prospects, alternative investment opportunities and all other factors deemed relevant, additional shares of the Issuer's Common Stock and/or warrants to purchase the Issuer's Common Stocks may be acquired in the open market or in privately negotiated transactions, or some or all of the shares of the Issuer's Common Stock may be sold. Oaktree, Special Credits and the other TCW Related Entities have indicated to the Issuer that they may purchase more shares and/or warrants, including the possibility of making an offer to purchase all of the outstanding shares and warrants, but have made no proposals and have entered into no agreements which related to or would result in any of the matters described in Items 4(a)-(j) of Schedule 13D; however, as part of their ongoing review of investment alternatives, Oaktree, Special Credits and the other TCW Related Entities have not excluded the possibility of considering such matters in the future or formulating a plan with respect to such matters subject to applicable law, and, from time to time, Oaktree, Special Credits or such other TCW Related Entities may hold discussions with or make formal proposals to management or the Board of Directors of the Issuer, other stockholders of the Issuer or other third parties regarding such matters. ITEM 5. INTEREST AND SECURITIES OF THE ISSUER (A) As of the date of this Amendment No. 2 to Schedule 13D, TCW Special Credits Fund II beneficially owns 759,767 shares of the Issuer's Common Stock which is approximately 3.9% of the outstanding shares of the Issuer's Common Stock; TCW Special Credits Fund IIb beneficially owns 695,883 shares of the Issuer's Common Stock which is approximately 3.6% of the outstanding shares of the Issuer's Common Stock; TCW Special Credits Fund III beneficially owns 2,462,032 shares of the Issuer's Common Stock which is approximately 12.6% of the outstanding shares of the Issuer's Common Stock; TCW Special Credits Fund IIIb beneficially owns 1,008,198 shares of the Issuer's Common Stock which is approximately 5.2% of the outstanding shares of the Issuer's Common Stock; and Special Credits, for its own benefit and as the general partner of the Special Credits Limited Partnerships and the investment manager of the Special Credits Accounts may be deemed to beneficially own 6,045,832 shares of the Issuer's Common Stock which is approximately 31.0% of the outstanding shares of the Issuer's Common Stock. As of the date of this Amendment No. 2 to Schedule 13D, TCW Special Credits Trust beneficially owns 747,159 shares of the Issuer's Common Stock which is approximately 3.8% of the outstanding shares of the Issuer's Common Stock; and TCW Special Credit Trust IIIb beneficially owns 402,105 shares of the Issuer's Common Stock which is approximately 2.1% of the outstanding shares of the Issuer's Common Stock. TCW, as the trustee of the Special Credits Trusts may be deemed to beneficially own 1,149,264 shares of the Issuer's Common Stock which is approximately 5.9% of the outstanding shares of the Issuer's Common Stock. As of the date of this Amendment No. 2 to Schedule 13D, The Principal Fund beneficially owns 3,568,921 shares of the Issuer's Common Stock, including (a) 781,377 shares of the Issuer's Common Stock purchased on April 16, 1996, (b) 958,683 shares of the Issuer's Common Stock issuable upon exercise of the warrants purchased on April 16, 1996 and (c) 62,500 shares of the 17 Issuer's Common Stock purchased on April 17, 1996, which is approximately 17.5% of the outstanding shares of the Issuer's Common Stock. TAMCO, as the managing partner of Special Credits and the general partner of The Principal Fund may be deemed to beneficially own shares of the Issuer's Common Stock held by the Special Credit Entities, Special Credit Accounts, and The Principal Fund, all of which constitutes 9,614,752 shares (including 958,683 shares of Common Stock issuable upon exercise of warrants held by The Principal Fund), or approximately 47.0% of the outstanding shares of the Issuer's Common Stock. TCWG, as the parent corporation of TCW and TAMCO, may be deemed to beneficially own shares of the Issuer's Common Stock deemed to be owned by the other TCW Related Entities, all of which constitutes 10,764,016 shares of the Issuer's Common Stock (including 958,683 shares of Common Stock issuable upon exercise of warrants held by The Principal Fund) (approximately 52.6% of the outstanding shares of the Issuer's Common Stock). TCWG, TCW and TAMCO each disclaims beneficial ownership of the shares of the Issuer's Common Stock reported herein and the filing of this Statement shall not be construed as an admission that any such entity is the beneficial owner of any securities covered by this Statement. Oaktree, pursuant to its subadvisory agreement with TAMCO may be deemed to beneficially own shares of the Issuer's Common Stock held by The Principal Fund, all of which constitutes 3,568,921 shares (including 958,683 shares of Common Stock issuable upon exercise of warrants held by The Principal Fund) of the outstanding shares of the Issuer's Common Stock. Oaktree and each of the foregoing individuals disclaims ownership of the shares of the Issuer's Common Stock reported herein (except for the shares owned directly by such individuals) and the filing of this Statement shall not be construed as an admission that any such person is the beneficial owner of any securities covered by this statement. (B) Special Credits, as the sole general partner of the Special Credits Limited Partnerships, has discretionary authority and control over all of the assets of the Special Credits Limited Partnerships pursuant to the limited partnership agreements for such limited partnerships including the power to vote and dispose of the Issuer's Common Stock held by the Special Credits Limited Partnerships. In addition, Special Credits, as the investment manager of the Special Credits Accounts has the discretionary authority and control over all of the assets of such accounts pursuant to the investment management agreement relating to such accounts including the power to vote and dispose of the Issuer's Common Stock held in the name of the Special Credits Accounts. In addition, Special Credits has the sole authority to vote and dispose of 27,868 shares of Common Stock beneficiary owned by Special Credits for its own account. Therefore, Special Credits has the power to vote and dispose of 6,045,831 shares of the Issuer's Common Stock (including 958,683 shares of Common Stock issuable upon exercise of warrants held by The Principal Fund). TAMCO, as the managing general partner of Special Credits also has the power to vote and dispose the shares of Issuer's Common Stock held by Special Credits referenced above. In addition, TAMCO, as general partner of The Principal Fund has discretionary authority and control over all of the assets of The Principal Fund pursuant to the limited partnership agreement for such limited partnership. Therefore, TAMCO has the power to vote and dispose of 9,614,752 shares of the Issuer's Common Stock (including 958,683 shares of Common Stock issuable upon exercise of warrants held by The Principal Fund). TCW, as the trustee of the Special Credits Trusts, has discretionary authority and control over all the assets of the Special Credits Trusts pursuant to the trust agreement for such trust including the power to vote and dispose of the Issuer's Common Stock held by the Special Credits Trusts. Therefore, TCW has the power to vote and dispose of 1,149,264 shares of the Issuer's Common Stock. TCWG, as the parent of TCW and TAMCO, may be deemed to have the power to vote and dispose of the shares of the Issuer's Common Stock that the other TCW Related Entities have power to vote and dispose, all of which constitutes 10,764,016 shares of the Issuer's Common Stock (including 958,683 shares of Common Stock issuable upon exercise of warrants held by The Principal Fund). Oaktree, as the fund manager of (a) the Oaktree Accounts and (b) The Principal Fund pursuant to the subadvisory agreement between TAMCO and Oaktree, may be deemed to have the power to vote and dispose of certain of the shares of the Issuer's Common Stock that the Oaktree Accounts and that The Principal Fund has power to vote and dispose, all of which constitutes 3,680,394 shares of the Issuer's Common Stock. (C) Except for the purchases by The Principal Fund and the in-kind distributions described herein, neither Oaktree nor any of the TCW Related Entities, and to the best of their knowledge, none of their respective executive officers, directors, or general partners has effected transactions involving the issuer's Common Stock during the last 60 days. 18 (d) None (e) Not applicable ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER Special Credits, as general partner of the Special Credits Limited Partnerships, receives a fee for managing all the assets of each Special Credits Limited Partnership. In addition, Special Credits, as investment manager of the Special Credits Accounts, receives a management fee for managing the assets of each Special Credits Account. The Special Credits Limited Partnerships and Special Credits Accounts have similar investment strategies of investing in financially distressed entities; however, the implementation of these strategies may differ from partnership to partnership and account to account. TAMCO, as general partner of The Principal Fund, receives a management fee for its management of The Principal Fund. Pursuant to a subadvisory agreement between TAMCO and Oaktree, The Principal Fund is managed by Oaktree, who receives a portion of the management fee received by TAMCO for its management of The Principal Fund. The Principal Fund's investment strategy is to invest in entities in which there is a potential for The Principal Fund to exercise significant influence over management. TCW, as trustee of Special Credits Trusts, receives a management fee for managing all the assets of Special Credits Trusts. The Special Credits Trusts each have an investment strategy similar to the Special Credits Limited Partnerships and Special Credits Accounts in investing in financially distressed entities. However, the implementation of this strategy may differ from entity to entity and account to account. On April 17, 1996, TAMCO, in its capacity as general partner of The Principal Fund, entered into a letter agreement with Lodestar Associates, L.P., in its capacity as general partner of Starbaby Holding Partnership, to purchase and sell, respectively, the 681,377 shares of the Issuer's Common Stock and 958,683 shares of the Issuer's Common Stock issuable upon exercise of warrants held by The Principal Fund reported herein. Other than this agreement and except to the extent the securities referred to in this Statement constitute assets of the Special Credits Entities and Special Credits Accounts, and The Principal Fund, there are no contracts, understandings or relationships (legal or otherwise) among or between any member of the TCW Related Entities or, to the best of their knowledge, their respective executive officers, directors or general partners, or between or among any of such persons and with respect to any securities of the Issuer. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS The following are filed herewith as Exhibits to this Schedule 13D: Exhibit 1- Agreement of TCW Related Entities regarding a joint Schedule 13D (and such amendments as may become necessary) with respect to the Common Stock of Kindercare Learning Centers, Inc. Exhibit 2- Letter Agreement by and between TAMCO, in its capacity as general partner of The Principal Fund and Lodestar Associates, L.P., in its capacity as general partner of Starbaby Holding Partnership, regarding Securities of KinderCare Learning Centers, Inc. dated as of April 17, 1996. 19 SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this Statement is true, complete and correct. Dated as of 19th day of April, 1996. THE TCW GROUP, INC. /s/ Michael Cahill _______________________________________ Michael Cahill Managing Director and General Counsel TRUST COMPANY OF THE WEST /s/ Kenneth Liang _______________________________________ Kenneth Liang, Authorized Signatory TCW ASSET MANAGEMENT COMPANY /s/ Kenneth Liang _______________________________________ Kenneth Liang, Authorized Signatory TCW SPECIAL CREDITS /s/ Kenneth Liang ________________________________________ Kenneth Liang, Authorized Signatory of TCW Asset Management Company, the Managing General Partner of TCW Special Credits TCW SPECIAL CREDITS FUND II /s/ Kenneth Liang _______________________________________ Kenneth Liang Authorized Signatory of TCW Asset Management Company, the Managing General Partner of TCW Special Credits, the General Partner of TCW Special Credits Fund II TCW SPECIAL CREDITS FUND IIb /s/ Kenneth Liang ______________________________________ Kenneth Liang Authorized Signatory of TCW Asset Management Company, the Managing General Partner of TCW Special Credits, the General Partner of TCW Special Credits Fund IIb 20 TCW SPECIAL CREDITS FUND III /s/ Kenneth Liang _________________________________________ Kenneth Liang Authorized Signatory of TCW Asset Management Company, the Managing General Partner of TCW Special Credits, the General Partner of TCW Special Credits Fund III TCW SPECIAL CREDITS FUND IIIb /s/ Kenneth Liang _______________________________________ Kenneth Liang, Authorized Signatory of TCW Asset Management Company, the Managing General Partner of TCW Special Credits, the General Partner of TCW Special Credits Fund IIIb TCW SPECIAL CREDITS TRUST /s/ Kenneth Liang ______________________________________ Kenneth Liang, Authorized Signatory of Trust Company of the West, the trustee of TCW Special Credits Trust TCW SPECIAL CREDITS TRUST IIIb /s/ Kenneth Liang _______________________________________ Kenneth Liang, Authorized Signatory of Trust Company of the West, the trustee of TCW Special Credits Trust IIIb OAKTREE CAPITAL MANAGEMENT, LLC /s/ Kenneth Liang _______________________________________ Kenneth Liang, Authorized Signatory TCW SPECIAL CREDITS FUND V - THE PRINCIPAL FUND /s/ Kenneth Liang ______________________________________ Kenneth Liang, Authorized Signatory of TCW Asset Management Company, the General Partner of TCW Special Credits Fund V - The Principal Fund 21 SCHEDULE I BOARD OF DIRECTORS OF TCW GROUP, INC. All of the following individuals are directors of TCW Group, Inc. Each director is a citizen of the United States of America unless otherwise specified below: HOWARD P. ALLEN HAROLD R. FRANK - --------------- --------------- Former Chairman & CEO Chairman of the Board Southern California Edison Applied Magnetics Corporation 2244 Walnut Grove Blvd. 75 Robin Hill Rd. Rosemead, CA 91770 Goleta, CA 93017 JOHN M. BRYAN DR. HENRY A. KISSINGER - ------------- ---------------------- Partner Chairman Bryan & Edwards Kissinger Associates, Inc. 600 Montgomery St., 35th Floor 350 Park Ave., 26th Floor San Francisco, CA 94111 New York, NY 10022 ROBERT A. DAY - ------------- KENNETH L. LAY Chairman of the Board, -------------------- Chairman and Chief Executive Officer Enron Corp. Trust Company of the West 1400 Smith Street 200 Park Avenue, Suite 2200 Houston, TX 77002-7369 New York, New York 10166 DAMON P. DE LASZLO, ESQ. MICHAEL T. MASIN, ESQ. - ------------------------ ----------------------- Managing Director of Harwin Vice Chairman Engineers S.A., Chairman & D.P. GTE Corporation Advisers Holdings Limited One Stamford Forum Byron's Chambers Stamford, CT 06904 A2 Albany, Piccadilly London W1V 9RD - England EDFRED L. SHANNON, JR. (Citizen of United Kingdom) ---------------------- Investor/Rancher 1000 S. Fremont Ave. Alhambra, CA 91802 WILLIAM C. EDWARDS ROBERT G. SIMS - ------------------ -------------- Partner - Bryan & Edwards Private Investor 3000 Sand Hill Road, Suite 190 11828 Rancho Bernardo, Box 1236 Menlo Park, CA 94025 San Diego, CA 92128 ERNEST O. ELLISON CARLA A. HILLS - ----------------- -------------- Vice Chairman 1200 19th Street, N.W. Trust Company of the West 5th Floor 865 South Figueroa St., Suite 1800 Washington, DC 20036 Los Angeles, California 90017 22 EXHIBIT INDEX Sequential Exhibit Page Number Description Number - ------ ----------- ------ 1.1 Agreement of TCW Related Entities regarding a joint Schedule 13D (and such amendments as may become necessary) with respect to the Common Stock of Kindercare Learning Centers, Inc. dated as of October 4, 1995. 2.1 Letter Agreement by and between TAMCO, in its capacity as general partner of The Principal Fund and Lodestar Associates, L.P., in its capacity as general partner of Starbaby Holding Partnership, regarding Securities of KinderCare Learning Centers, Inc. dated as of April 17, 1996. 23 EX-99.1-1 2 EXHIBIT 99.1.1 EXHIBIT 1 AGREEMENT WHEREAS, The TCW Group ("TCWG"), Trust Company of the West ("TCW"), TCW Asset Management Company ("TAMCO"), TCW Special Credits ("Special Credits"), and TCW Special Credits Fund II, TCW Special Credits Fund IIb, TCW Special Credits Fund III and TCW Special Credits Fund IIIb (collectively, the "Special Credits Limited Partnerships"), and TCW Special Credits Fund V - The Principal Fund (the "Principal Fund"), and TCW Special Credits Trust and TCW Special Credits Trust IIIb (collectively, Special Credits Trusts"), and Oaktree Capital Management, LLC ("Oaktree"), individually or collectively, may be deemed to be a beneficial owner within the meaning of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), for purposes of Section 13(d) of the Exchange Act of the Common Stock, $0.01 par value per share, of Kindercare Learning Centers, Inc., a Delaware corporation; and WHEREAS, TCWG, TCW, TAMCO, Special Credits, Special Credits Limited Partnerships, Special Credits Trusts, the Principal Fund, and Oaktree each desires to satisfy any filing obligation each may have under Section 13(d) of the Exchange Act by filing a single Schedule 13D pursuant to such Section with respect to each class of securities. NOW THEREFORE, TCWG, TCW, TAMCO, Special Credits, Special Credits Limited Partnerships, Special Credits Trusts, the Principal Fund, and Oaktree agree to file a Schedule 13D under the Exchange Act relating to the Common Stock of Kindercare Learning Centers, Inc. and agree further to file any such amendments thereto as may become necessary unless and until such time as one of the parties shall give written notice to the other parties of this Agreement that it wishes to file a separate Schedule 13D relating to the Common Stock of Kindercare Learning Centers, Inc., provided that each person on whose behalf the Schedule 13D or any amendment is filed is responsible for the timely filing of such Schedule 13D and any amendments thereto necessitated by the actions or intentions of such person and for the completeness and accuracy of the information pertaining to it and its actions and intentions. The Agreement may be executed in two or more counterparts, each of which shall constitute but one instrument. 24 Dated as of 10th day of November, 1995. THE TCW GROUP, INC. /s/ Michael Cahill _______________________________________ Michael Cahill Managing Director and General Counsel TRUST COMPANY OF THE WEST /s/ Kenneth Liang _______________________________________ Kenneth Liang, Authorized Signatory TCW ASSET MANAGEMENT COMPANY /s/ Kenneth Liang _______________________________________ Kenneth Liang, Authorized Signatory TCW SPECIAL CREDITS /s/ Kenneth Liang ________________________________________ Kenneth Liang, Authorized Signatory of TCW Asset Management Company, the Managing General Partner of TCW Special Credits TCW SPECIAL CREDITS FUND II /s/ Kenneth Liang _______________________________________ Kenneth Liang Authorized Signatory of TCW Asset Management Company, the Managing General Partner of TCW Special Credits, the General Partner of TCW Special Credits Fund II TCW SPECIAL CREDITS FUND IIb /s/ Kenneth Liang ______________________________________ Kenneth Liang Authorized Signatory of TCW Asset Management Company, the Managing General Partner of TCW Special Credits, the General Partner of TCW Special Credits Fund IIb 25 TCW SPECIAL CREDITS FUND III /s/ Kenneth Liang _________________________________________ Kenneth Liang Authorized Signatory of TCW Asset Management Company, the Managing General Partner of TCW Special Credits, the General Partner of TCW Special Credits Fund III TCW SPECIAL CREDITS FUND IIIb /s/ Kenneth Liang _______________________________________ Kenneth Liang, Authorized Signatory of TCW Asset Management Company, the Managing General Partner of TCW Special Credits, the General Partner of TCW Special Credits Fund IIIb TCW SPECIAL CREDITS TRUST /s/ Kenneth Liang ______________________________________ Kenneth Liang, Authorized Signatory of Trust Company of the West, the trustee of TCW Special Credits Trust TCW SPECIAL CREDITS TRUST IIIb /s/ Kenneth Liang _______________________________________ Kenneth Liang, Authorized Signatory of Trust Company of the West, the trustee of TCW Special Credits Trust IIIb OAKTREE CAPITAL MANAGEMENT, LLC /s/ Kenneth Liang _______________________________________ Kenneth Liang, Authorized Signatory TCW SPECIAL CREDITS FUND V - THE PRINCIPAL FUND /s/ Kenneth Liang ______________________________________ Kenneth Liang, Authorized Signatory of TCW Asset Management Company, the General Partner of TCW Special Credits Fund V - The Principal Fund 26 EX-99.2 3 EXHIBIT 99.2.1 TCW SPECIAL CREDITS FUND V c/o OAKTREE CAPITAL MANAGEMENT, LLC 550 S. HOPE STREET, 22ND FLOOR LOS ANGELES, CA 90071 - -------------------------------------------------------------------------------- TELEPHONE: (213)614-0900 TELECOPIER: (213)694-1599 April 17, 1996 Starbaby Holding Partnership c/o John Raspitha 338 Bekasina Drive Henderson, NV 89014 Re: SECURITIES OF KINDERCARE LEARNING CENTERS, INC. ----------------------------------------------- Gentlemen: This letter constitutes your agreement to sell 681,377 shares of common stock (the "Shares") of KinderCare Learning Centers, Inc. (the "Company") and 958,883 warrants to purchase shares of common stock of the Company (the "Warrants") as of the date set forth above to TCW Special Credits Fund V - The Principal Fund ("Fund V"). The purchase prices for such transactions shall be, respectively, $12.625 per Share and $1.50 per Warrant. It is agreed that this will be a non- broker transaction. (The Shares and the Warrants are referred to hereafter, collectively, as the "Securities".) You represent that you are the sole owner of the Securities and have the authority to sell the Securities to Fund V without violating any agreement by which you are bound or any applicable law. You also represent that you are a sophisticated seller and your decision to sell the Securities to Fund V has been made by you without reliance on any investment advice or information from TCW Asset Management Company or any of its affiliates. You are aware that Fund V is a current stockholder of the Company. If you are in agreement with the foregoing, please execute a copy of this letter and return it to us by fax at (213)694-1599, and please arrange for delivery of the Securities via DTC to Fund V c/o Sanwa Bank against payment via DTC. Our instructions for delivery are as follows: Sanwa Bank California DTC # 2299 Agent # 25716 Acct. # 400-1403 FBO: Special Credits V/Miller We will arrange for wiring via DTC of $10,040,409.13 to your account pursuant to the wiring instructions set forth on Exhibit A hereto. Should you have any questions, feel free to call Richard Wickline, Assistant Vice President, Legal (213/694-1521) at Oaktree Capital Management, LLC or me (213/694-1522). TCW SPECIAL CREDITS FUND V - THE PRINCIPAL FUND By: TCW ASSET MANAGEMENT COMPANY, ITS GENERAL PARTNER /s/ Kenneth Liang ------------------------------------ Kenneth Liang AUTHORIZED SIGNATORY ACCEPTED AND AGREED TO AS OF THE DATE SET FORTH ABOVE: Starbaby Holding Partnership By: Lodestar Associates, L.P., its Managing General Partner By: LODESTAR MANAGEMENT, INC. By: /s/ Ken Miller -------------------------- Ken Miller President -----END PRIVACY-ENHANCED MESSAGE-----