SC 13G/A 1 abolt.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ----------------- SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN THE STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b) (Amendment No. ___1__)* Bolt Technology Corp. ------------------------------------------------------ (Name of Issuer) COMMON STOCK -------------------------------------- (Title of Class of Securities) 097698104 ----------------------- (Cusip Number) September 28, 2006 ______________________________________ (Date of event which requires filing of this statement) Check the appropriate box to designate the rule pursuant to which this schedule is filed: [X] Rule 13d-1 (b) [ ] Rule 13d-1 (c) [ ] Rule 13d-1 (d) *The remainder of this cover page shall be filled out for a reporting person's initial filing of this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in 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.) 097698104 2 of 11 Pages ---------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Babson Capital Management LLC 51-0504477 ---------------------------------------------------------------- 2. Check the appropriate box if a member of a group (a)( ) (b)( X ) ---------------------------------------------------------------- 3. SEC use only ---------------------------------------------------------------- 4. Citizenship or place of organization Delaware ---------------------------------------------------------------- Number of shares beneficially owned by each reporting person with 5. Sole Voting Power -0- ___________________ 6. Shared Voting Power 672,246 __________________________ 7. Sole Dispositive Power -0- ___________________ 8. Shared Dispositive Power 672,246 --------------------------------------------------------------- 9. Aggregate amount beneficially owned by each reporting person 672,246 (1) --------------------------------------------------------------- 10. Check if the aggregate amount in row (9) excludes certain shares* ---------------------------------------------------------------- 097698104 3 of 11 Pages ---------------------------------------------------------------- 11. Percent of class represented by amount in row 9. 12.03% (2) ---------------------------------------------------------------- 12. Type of Reporting person IA ------------------------------------------------------------------- (1) Babson Capital Management LLC (Babson Capital) serves as investment adviser to Cobbs Wharf Master Fund, L.P., a Cayman Islands limited partnership, which is the registered holder of 612,946 of the shares reported as beneficially owned by Babson Capital. Babson Capital Management LLC also claims beneficial ownership of 59,300 held by other investment advisory clients of Babson Capital. (2) Based on 5,587,917 shares of Bolt Technology Corporation common stock outstanding as reported on September 28, 2006, by Bolt Technology Corporation in its Annual Report on Form 10K for the fiscal year ended June 30, 2006. CUSIP No. 097698104 4 of 11 Pages ---------------------------------------------------------------- 1. NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY). Cobbs Wharf Master Fund, L. P. ---------------------------------------------------------------- 2. Check the appropriate box if a member of a group (a)( ) (b)( X ) ---------------------------------------------------------------- 3. SEC use only ---------------------------------------------------------------- 4. Citizenship or place of organization Grand Cayman --------------------------------------------------- Number of shares beneficially owned by each reporting person with 5. Sole Voting Power -0- ___________________ 6. Shared Voting Power 612,946 ---------------------- 7. Sole Dispositive Power -0- ___________________ 8. Shared Dispositive Power 612,946 --------------------------------------------------------------- 9. Aggregate amount beneficially owned by each reporting person 612,946 FN 1 CUSIP No. 097698104 5 of 11 Pages ---------------------------------------------------------------- 10. Check if the aggregate amount in row (9) excludes certain shares* ---------------------------------------------------------------- 11. Percent of class represented by amount in row 9. 10.96% (2) ---------------------------------------------------------------- 12. Type of Reporting person PN -------------------------------- 1) Babson Capital Management LLC (Babson Capital) serves as investment adviser to Cobbs Wharf Master Fund, L.P., a Cayman Islands limited partnership, which is the registered holder of 612,946 of the shares also reported as beneficially owned by Babson Capital. (2) Based on 5,587,917 shares of Bolt Technology Corporation common stock outstanding as reported on September 28, 2006, by Bolt Technology Corporation in its Annual Report on Form 10K for the fiscal year ended June 30, 2006. CUSIP No. 097698104 6 of 11 Pages ---------------------------------------------------------------- ITEM 1(A): NAME OF ISSUER: Bolt Technology Corporation 1(B): ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: Four Duke Place, Norwalk, CT 06854 Item 2(a). Name of Person Filing: (i) Babson Capital Management LLC (Babson)as investment adviser. (ii) Cobbs Wharf Master Fund, LP (Cobbs Wharf) ITEM 2(B): Address of Principal Business Office or, if none, Residence: The address of the principal business office of Babson Capital: 470 Atlantic Avenue Boston, MA 02210-2208 The address of the principal business office of Cobbs Wharf: 470 Atlantic Avenue Boston, MA 02210-2208 ITEM 2(C): CITIZENSHIP: See Item 4 of each cover page. ITEM 2(D): TITLE OF CLASS OF SECURITIES: Common Stock ITEM 2(E): CUSIP NUMBER: 097698104 CUSIP No. 097698104 7 of 11 Pages ---------------------------------------------------------------- ITEM 3: TYPE OF REPORTING PERSON: This statement is filed pursuant to Rule 13d-1(b)(1)(ii)(E) for Babson Capital. ITEM 4: OWNERSHIP: See each cover page. ITEM 5: OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS: Not applicable ITEM 6: OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON: Cobbs Wharf Master Fund, L. P. ITEM 7: IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY: Not Applicable ITEM 8: IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP: Not Applicable ITEM 9: NOTICE OF DISSOLUTION OF GROUP: Not Applicable ITEM 10: BABSON CAPITAL MANAGEMENT LLC CERTIFICATION: 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 such purpose or effect. Babson Capital Management LLC SIGNATURES_________________________ BY:Jan Jumet Managing Director and Chief Compliance Officer CUSIP No. 097698104 8 of 11 Pages ---------------------------------------------------------------- After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. October 27, 2006 ---------------- Date Babson Capital Management LLC --------------------------------- By: /s/ Jan Jumet Name: Jan Jumet Title:Managing Director And Chief Compliance Officer CUSIP No. 097698104 9 of 11 Pages ---------------------------------------------------------------- COBBS WHARF MASTER FUND, L. P. CERTIFICATION: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 such purpose or effect. Cobbs Wharf Master Fund, LP By: Cobbs Wharf Management, LLC Its General Partner By: ________________________ Name: Christopher DeFrancis Title: Secretary After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. October 27, 2006 ---------------- Date Cobbs Wharf Master Fund, LP By Cobbs Wharf Management, LLC Its General Partner By: _______________________________ Name: Christopher DeFrancis Title: Secretary CUSIP No. 097698104 10 of 11 Pages ______________________________________________________________ JOINT FILING AGREEMENT This will confirm the agreement by and among all the undersigned That the Schedule 13G filed on or about this date and any amendments thereto with respect to the beneficial ownership by the undersigned of common shares of Bolt Technology Corp. is being filed on behalf of each of the undersigned in accordance with Rule 13d-1(k)(1). This agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. October 27, 2006 -------------------- Date Babson Capital Management LLC _____________________________ By: /s/Jan Jumet Name: Jan Jumet Title: Managing Director And Chief Compliance Officer Cobbs Wharf Master Fund, LP By: Cobbs Wharf Management, LLC Its General Partner By: _________________________ Name: Christopher DeFrancis Title: Secretary CUSIP No. 097698104 11 of 11 Pages ______________________________________________________________ October 27, 2006 Securities and Exchange Commission Operations Center Attn: Stop 0-7 6432 General Green Way Alexandria, VA 22312-2413 Re: AMENDED SCHEDULE 13G Dear Sir or Madam: Babson Capital Management LLC and Cobbs Wharf Master Fund, L. P. are filing today an amended Schedule 13G through the EDGAR system as required by Section 240.13d-1(b)and 240.13d-1(c) to reflect beneficial ownership of greater than 10% of the outstanding stock of the above-mentioned issuer. Please note that the shares as to which this Schedule is filed are owned by investment advisory clients of Babson Capital Management LLC, which may be deemed a beneficial owner of the shares only by virtue of the direct or indirect investment discretion it possesses pursuant to the provisions of investment advisory agreements with such clients. A copy of the Schedule 13G is being sent to the issuer as required by Rule 13d-7. Comments or questions concerning the above may be directed to the undersigned at 617-761-6599. Sincerely, Babson Capital Management LLC // Jan Jumet // JAN JUMET Managing Director and Chief Compliance Officer