*
|
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.
|
CUSIP No. 830830105
|
|
SCHEDULE 13D
|
|
Page 2 of 17 Pages
|
1
|
|
NAMES OF REPORTING PERSONS
Centerbridge Capital Partners, L.P.
|
||||
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) ☐(b) ☒
|
||||
3
|
|
SEC USE ONLY
|
||||
4
|
|
SOURCE OF FUNDS (see instructions)
OO
|
||||
5
|
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐
|
||||
6
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
||
|
8
|
|
SHARED VOTING POWER
4,473,147
|
|||
|
9
|
|
SOLE DISPOSITIVE POWER
0
|
|||
|
10
|
|
SHARED DISPOSITIVE POWER
4,473,147
|
|||
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,473,147
|
||||
12
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ☒
|
||||
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.9%
|
||||
14
|
|
TYPE OF REPORTING PERSON
PN
|
CUSIP No. 830830105
|
|
SCHEDULE 13D
|
|
Page 3 of 17 Pages
|
1
|
|
NAMES OF REPORTING PERSONS
Centerbridge Capital Partners Strategic, L.P.
|
||||
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) ☐(b) ☒
|
||||
3
|
|
SEC USE ONLY
|
||||
4
|
|
SOURCE OF FUNDS (see instructions)
OO
|
||||
5
|
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐
|
||||
6
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
||
|
8
|
|
SHARED VOTING POWER
151,351
|
|||
|
9
|
|
SOLE DISPOSITIVE POWER
0
|
|||
|
10
|
|
SHARED DISPOSITIVE POWER
151,351
|
|||
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
151,351
|
||||
12
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ☒
|
||||
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.3%
|
||||
14
|
|
TYPE OF REPORTING PERSON
PN
|
CUSIP No. 830830105
|
|
SCHEDULE 13D
|
|
Page 4 of 17 Pages
|
1
|
|
NAMES OF REPORTING PERSONS
CCP Champion Investors, LLC
|
||||
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) ☐(b) ☒
|
||||
3
|
|
SEC USE ONLY
|
||||
4
|
|
SOURCE OF FUNDS (see instructions)
OO
|
||||
5
|
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐
|
||||
6
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
||
|
8
|
|
SHARED VOTING POWER
110,025
|
|||
|
9
|
|
SOLE DISPOSITIVE POWER
0
|
|||
|
10
|
|
SHARED DISPOSITIVE POWER
110,025
|
|||
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
110,025
|
||||
12
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ☒
|
||||
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.2%
|
||||
14
|
|
TYPE OF REPORTING PERSON
OO
|
CUSIP No. 830830105
|
|
SCHEDULE 13D
|
|
Page 5 of 17 Pages
|
1
|
|
NAMES OF REPORTING PERSONS
Centerbridge Associates, L.P.
|
||||
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) ☐(b) ☒
|
||||
3
|
|
SEC USE ONLY
|
||||
4
|
|
SOURCE OF FUNDS (see instructions)
OO
|
||||
5
|
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐
|
||||
6
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
||
|
8
|
|
SHARED VOTING POWER
4,734,523
|
|||
|
9
|
|
SOLE DISPOSITIVE POWER
0
|
|||
|
10
|
|
SHARED DISPOSITIVE POWER
4,734,523
|
|||
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,734,523
|
||||
12
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ☒
|
||||
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
|
||||
14
|
|
TYPE OF REPORTING PERSON
PN
|
CUSIP No. 830830105
|
|
SCHEDULE 13D
|
|
Page 6 of 17 Pages
|
1
|
|
NAMES OF REPORTING PERSONS
Centerbridge Cayman GP Ltd.
|
||||
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) ☐(b) ☒
|
||||
3
|
|
SEC USE ONLY
|
||||
4
|
|
SOURCE OF FUNDS (see instructions)
OO
|
||||
5
|
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐
|
||||
6
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
|
||||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
||
|
8
|
|
SHARED VOTING POWER
4,734,523
|
|||
|
9
|
|
SOLE DISPOSITIVE POWER
0
|
|||
|
10
|
|
SHARED DISPOSITIVE POWER
4,734,523
|
|||
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,734,523
|
||||
12
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ☒
|
||||
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.3%
|
||||
14
|
|
TYPE OF REPORTING PERSON
OO
|
CUSIP No. 830830105
|
|
SCHEDULE 13D
|
|
Page 7 of 17 Pages
|
1
|
|
NAMES OF REPORTING PERSONS
Centerbridge Capital Partners SBS, L.P.
|
||||
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) ☐(b) ☒
|
||||
3
|
|
SEC USE ONLY
|
||||
4
|
|
SOURCE OF FUNDS (see instructions)
OO
|
||||
5
|
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐
|
||||
6
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
||
|
8
|
|
SHARED VOTING POWER
41,048
|
|||
|
9
|
|
SOLE DISPOSITIVE POWER
0
|
|||
|
10
|
|
SHARED DISPOSITIVE POWER
41,048
|
|||
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41,048
|
||||
12
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ☒
|
||||
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
|
||||
14
|
|
TYPE OF REPORTING PERSON
PN
|
CUSIP No. 830830105
|
|
SCHEDULE 13D
|
|
Page 8 of 17 Pages
|
1
|
|
NAMES OF REPORTING PERSONS
CCP SBS GP, LLC
|
||||
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) ☐(b) ☒
|
||||
3
|
|
SEC USE ONLY
|
||||
4
|
|
SOURCE OF FUNDS (see instructions)
OO
|
||||
5
|
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐
|
||||
6
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
||||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
||
|
8
|
|
SHARED VOTING POWER
41,048
|
|||
|
9
|
|
SOLE DISPOSITIVE POWER
0
|
|||
|
10
|
|
SHARED DISPOSITIVE POWER
41,048
|
|||
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41,048
|
||||
12
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ☒
|
||||
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.1%
|
||||
14
|
|
TYPE OF REPORTING PERSON
OO
|
CUSIP No. 830830105
|
|
SCHEDULE 13D
|
|
Page 9 of 17 Pages
|
1
|
|
NAMES OF REPORTING PERSONS
Mark T. Gallogly
|
||||
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) ☐(b) ☒
|
||||
3
|
|
SEC USE ONLY
|
||||
4
|
|
SOURCE OF FUNDS (see instructions)
OO
|
||||
5
|
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐
|
||||
6
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
||||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
||
|
8
|
|
SHARED VOTING POWER
4,775,571
|
|||
|
9
|
|
SOLE DISPOSITIVE POWER
0
|
|||
|
10
|
|
SHARED DISPOSITIVE POWER
4,775,571
|
|||
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,775,571
|
||||
12
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ☒
|
||||
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
|
||||
14
|
|
TYPE OF REPORTING PERSON
IN
|
CUSIP No. 830830105
|
|
SCHEDULE 13D
|
|
Page 10 of 17 Pages
|
1
|
|
NAMES OF REPORTING PERSONS
Jeffrey H. Aronson
|
||||
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
(a) ☐(b) ☒
|
||||
3
|
|
SEC USE ONLY
|
||||
4
|
|
SOURCE OF FUNDS (see instructions)
OO
|
||||
5
|
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
☐
|
||||
6
|
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
||||
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
7
|
|
SOLE VOTING POWER
0
|
||
|
8
|
|
SHARED VOTING POWER
4,775,571
|
|||
|
9
|
|
SOLE DISPOSITIVE POWER
0
|
|||
|
10
|
|
SHARED DISPOSITIVE POWER
4,775,571
|
|||
11
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,775,571
|
||||
12
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) ☒
|
||||
13
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
8.4%
|
||||
14
|
|
TYPE OF REPORTING PERSON
IN
|
Item 4.
|
Purpose of Transaction.
|
Item 5.
|
Interest in Securities of the
Issuer.
Items 5(a)-(c) of this Schedule 13D are hereby amended and restated as follows:
|
Reporting
Person
|
Number
of Shares Sold
|
Centerbridge Capital Partners, L.P.
|
1,635,498
|
Centerbridge Capital Partners Strategic, L.P.
|
56,768
|
CCP Champion Investors, LLC
|
42,047
|
Centerbridge Capital Partners SBS, L.P.
|
15,687
|
Item 6.
|
Contracts, Arrangements,
Understandings or Relationships with Respect to Securities of the Issuer.
|
Item 7.
|
Material to be Filed as Exhibits.
|
13.
14.
|
Underwriting Agreement, dated November 27, 2018, by and among the Issuer, Sankaty Champion Holdings, LLC, Sankaty
Credit Opportunities IV, L.P., Centerbridge Capital Partners, L.P., Centerbridge Capital Partners Strategic, L.P., Centerbridge Capital Partners SBS, L.P., CCP Champion Investors, LLC, MAK Champion Investment LLC, MAK-RO Capital Master Fund
L.P., and the Underwriter (incorporated by reference to Exhibit 1.1 to the Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission on November 29, 2018).
Form of Lock-up Agreement (incorporated by reference to Exhibit A to Exhibit 1.1 to the Issuer’s Current Report on
Form 8-K filed with the Securities and Exchange Commission on November 29, 2018).
|
|
|||
|
CENTERBRIDGE CAPITAL PARTNERS, L.P.
BY: CENTERBRIDGE ASSOCIATES, L.P., its general partner
BY: CENTERBRIDGE CAYMAN GP LTD., its general partner
|
||
By:
|
/s/ Susanne V. Clark |
||
Name:
|
Susanne V. Clark
|
||
Title:
|
Authorized Signatory
|
CENTERBRIDGE
CAPITAL PARTNERS STRATEGIC, L.P.
BY: CENTERBRIDGE ASSOCIATES, L.P., its general partner
BY: CENTERBRIDGE CAYMAN GP LTD., its general partner
|
||
By:
|
/s/ Susanne V. Clark |
|
Name:
|
Susanne V. Clark
|
|
Title:
|
Authorized Signatory
|
CCP CHAMPION INVESTORS, LLC
|
||
By:
|
/s/ Susanne V. Clark |
|
Name:
|
Susanne V. Clark
|
|
Title:
|
Authorized Signatory
|
|
CENTERBRIDGE ASSOCIATES, L.P.
BY: CENTERBRIDGE CAYMAN GP LTD., its general partner
|
||
|
|||
|
|||
By:
|
/s/ Susanne V. Clark |
||
Name:
|
Susanne V. Clark
|
||
Title:
|
Authorized Signatory
|
CENTERBRIDGE CAYMAN GP LTD.
|
|||
|
|||
|
|||
By:
|
/s/ Susanne V. Clark |
||
Name:
|
Susanne V. Clark
|
||
Title:
|
Authorized Signatory
|
CENTERBRIDGE CAPITAL PARTNERS SBS, L.P.
BY: CCP SBS GP, LLC, its general partner
|
|||
|
|||
|
|||
By:
|
/s/ Susanne V. Clark |
||
Name:
|
Susanne V. Clark
|
||
Title:
|
Authorized Signatory
|
CCP SBS GP, LLC
|
|||
By:
|
/s/ Susanne V. Clark |
||
Name:
|
Susanne V. Clark
|
||
Title:
|
Authorized Signatory
|
MARK T. GALLOGLY
|
|
|
|
|
|
/s/ Mark T. Gallogly |
|
Mark T. Gallogly
|
JEFFREY H. ARONSON
|
|
|
|
|
|
/s/ Jeffrey H. Aronson |
|
Jeffrey H. Aronson
|
|
||
13.
14.
|
Underwriting Agreement, dated November 27, 2018, by and among the Issuer, Sankaty Champion Holdings, LLC, Sankaty
Credit Opportunities IV, L.P., Centerbridge Capital Partners, L.P., Centerbridge Capital Partners Strategic, L.P., Centerbridge Capital Partners SBS, L.P., CCP Champion Investors, LLC, MAK Champion Investment LLC, MAK-RO Capital Master Fund
L.P., and the Underwriter (incorporated by reference to Exhibit 1.1 to the Issuer’s Current Report on Form 8-K filed with the Securities and Exchange Commission on November 29, 2018).
Form of Lock-up Agreement (incorporated by reference to Exhibit A to Exhibit 1.1 to the Issuer’s Current Report on
Form 8-K filed with the Securities and Exchange Commission on November 29, 2018).
|