Filing Details
- Accession Number:
- 0001193125-19-010679
- Form Type:
- 13D Filing
- Publication Date:
- 2019-01-16 17:18:32
- Filed By:
- Brookfield Asset Management Inc.
- Company:
- Oi S.a. (NYSE:OIBR)
- Filing Date:
- 2019-01-16
- SEC Url:
- 13D Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
Brookfield Asset Management Inc | 0 | 343,410,230 | 0 | 343,410,230 | 343,410,230 | 9.0% |
Partners Limited | 0 | 343,410,230 | 0 | 343,410,230 | 343,410,230 | 9.0% |
PF Fund Limited Partnership | 0 | 343,410,230 | 0 | 343,410,230 | 343,410,230 | 9.0% |
Brookfield Credit Opportunities Master Fund | 0 | 343,410,230 | 0 | 343,410,230 | 343,410,230 | 9.0% |
Brookfield Credit Opportunities Co-Invest (B) | 0 | 343,410,230 | 0 | 343,410,230 | 343,410,230 | 9.0% |
OC 538 Offshore Fund | 0 | 343,410,230 | 0 | 343,410,230 | 343,410,230 | 9.0% |
Brookfield Asset Management Private Institutional Capital Adviser (Credit) | 0 | 343,410,230 | 0 | 343,410,230 | 343,410,230 | 9.0% |
Brookfield Credit Opportunities Fund GP | 0 | 343,410,230 | 0 | 343,410,230 | 343,410,230 | 9.0% |
Brookfield Capital Partners (Bermuda) Ltd | 0 | 343,410,230 | 0 | 343,410,230 | 343,410,230 | 9.0% |
OC 538 GP, Ltd | 0 | 343,410,230 | 0 | 343,410,230 | 343,410,230 | 9.0% |
0 | 343,410,230 | 0 | 343,410,230 | 343,410,230 | 9.0% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
OI S.A. In Judicial Reorganization
(Name of Issuer)
Common Shares, without par value
(Title of Class of Securities)
670851500**
(CUSIP)
A.J. Silber
Brookfield Asset Management Inc.
Brookfield Place
181 Bay Street, Suite 300
Toronto, Ontario M5J 2T3
(416) 363-9491
(Name, address and telephone number of person authorized to receive notices and communications)
Copy to:
Richard J. Cooper, Esq.
Jorge U. Juantorena, Esq.
Cleary Gottlieb Steen & Hamilton LLP
One Liberty Plaza
New York, NY 10006
(212) 225-2000
January 11, 2019
(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 that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
* | The remainder of this cover page shall be filled out for a reporting persons 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 CUSIP number is for the American Depositary Shares relating to the common shares. No CUSIP number exists for the underlying common shares, because such shares are not traded in the United States. |
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).
CUSIP No. 670851500 |
1. | NAMES OF REPORTING PERSONS
Brookfield Asset Management Inc. | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCE OF FUNDS
AF | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
☐ | |||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
Canada | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7. | SOLE VOTING POWER:
0 | ||||
8. | SHARED VOTING POWER:
343,410,230 (1) | |||||
9. | SOLE DISPOSITIVE POWER:
0 | |||||
10. | SHARED DISPOSITIVE POWER:
343,410,230 | |||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
343,410,230 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0% (2) | |||||
14. | TYPE OF REPORTING PERSON
CO |
(1) | All of which are held in the form of 68,682,046 American Depositary Shares (ADSs). |
(2) | Based upon 3,796,949,365 common shares, without par value (Common Shares) outstanding (composed of (i) 2,262,901,279 Common Shares outstanding as of October 31, 2018 (according to the prospectus (the Prospectus) filed with the Securities and Exchange Commission (SEC) by the issuer pursuant to Rule 424(b)(2) on November 13, 2018, as amended), (ii) the issuance of 3,314,745 Common Shares on December 6, 2018 (according to the Form 6-K filed by the issuer with the SEC on December 5, 2018), (iii) the issuance of 275,985 Common Shares on January 7, 2019 (according to the Form 6-K filed by the issuer with the SEC on January 4, 2019) and (iv) 1,530,457,356 Common Shares issued by the issuer on January 16, 2019 pursuant to the rights offering being conducted by the issuer (the Rights Offering) on the terms and subject to the conditions specified in the Prospectus). |
CUSIP No. 670851500 |
1. | NAMES OF REPORTING PERSONS
Partners Limited | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCE OF FUNDS
AF | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
☐ | |||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
Canada | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7. | SOLE VOTING POWER:
0 | ||||
8. | SHARED VOTING POWER:
343,410,230 (1) | |||||
9. | SOLE DISPOSITIVE POWER:
0 | |||||
10. | SHARED DISPOSITIVE POWER:
343,410,230 | |||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
343,410,230 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0% (2) | |||||
14. | TYPE OF REPORTING PERSON
CO |
(1) | All of which are held in the form of 68,682,046 ADSs. |
(2) | Based upon 3,796,949,365 Common Shares outstanding (composed of (i) 2,262,901,279 Common Shares outstanding as of October 31, 2018 (according to the Prospectus), (ii) the issuance of 3,314,745 Common Shares on December 6, 2018 (according to the Form 6-K filed by the issuer with the SEC on December 5, 2018), (iii) the issuance of 275,985 Common Shares on January 7, 2019 (according to the Form 6-K filed by the issuer with the SEC on January 4, 2019) and (iv) 1,530,457,356 Common Shares issued by the issuer on January 16, 2019 pursuant to the Rights Offering.) |
CUSIP No. 670851500 |
1. | NAMES OF REPORTING PERSONS
PF Fund Limited Partnership | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCE OF FUNDS
AF | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
☐ | |||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
Canada | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7. | SOLE VOTING POWER:
0 | ||||
8. | SHARED VOTING POWER:
343,410,230 (1) | |||||
9. | SOLE DISPOSITIVE POWER:
0 | |||||
10. | SHARED DISPOSITIVE POWER:
343,410,230 | |||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
343,410,230 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0% (2) | |||||
14. | TYPE OF REPORTING PERSON
PN |
(1) | All of which are held in the form of 68,682,046 ADSs. |
(2) | Based upon 3,796,949,365 Common Shares outstanding (composed of (i) 2,262,901,279 Common Shares outstanding as of October 31, 2018 (according to the Prospectus), (ii) the issuance of 3,314,745 Common Shares on December 6, 2018 (according to the Form 6-K filed by the issuer with the SEC on December 5, 2018), (iii) the issuance of 275,985 Common Shares on January 7, 2019 (according to the Form 6-K filed by the issuer with the SEC on January 4, 2019) and (iv) 1,530,457,356 Common Shares issued by the issuer on January 16, 2019 pursuant to the Rights Offering.) |
CUSIP No. 670851500 |
1. | NAMES OF REPORTING PERSONS
Brookfield Credit Opportunities Master Fund, L.P. | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCE OF FUNDS
AF, WC | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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:
343,410,230 (1) | |||||
9. | SOLE DISPOSITIVE POWER:
0 | |||||
10. | SHARED DISPOSITIVE POWER:
343,410,230 | |||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
343,410,230 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0% (2) | |||||
14. | TYPE OF REPORTING PERSON
PN |
(1) | All of which are held in the form of 68,682,046 ADSs. |
(2) | Based upon 3,796,949,365 Common Shares outstanding (composed of (i) 2,262,901,279 Common Shares outstanding as of October 31, 2018 (according to the Prospectus), (ii) the issuance of 3,314,745 Common Shares on December 6, 2018 (according to the Form 6-K filed by the issuer with the SEC on December 5, 2018), (iii) the issuance of 275,985 Common Shares on January 7, 2019 (according to the Form 6-K filed by the issuer with the SEC on January 4, 2019) and (iv) 1,530,457,356 Common Shares issued by the issuer on January 16, 2019 pursuant to the Rights Offering.) |
CUSIP No. 670851500 |
1. | NAMES OF REPORTING PERSONS
Brookfield Credit Opportunities Co-Invest (B), L.P. | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCE OF FUNDS
WC | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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:
343,410,230 (1) | |||||
9. | SOLE DISPOSITIVE POWER:
0 | |||||
10. | SHARED DISPOSITIVE POWER:
343,410,230 | |||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
343,410,230 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0% (2) | |||||
14. | TYPE OF REPORTING PERSON
PN |
(1) | All of which are held in the form of 68,682,046 ADSs. |
(2) | Based upon 3,796,949,365 Common Shares outstanding (composed of (i) 2,262,901,279 Common Shares outstanding as of October 31, 2018 (according to the Prospectus), (ii) the issuance of 3,314,745 Common Shares on December 6, 2018 (according to the Form 6-K filed by the issuer with the SEC on December 5, 2018), (iii) the issuance of 275,985 Common Shares on January 7, 2019 (according to the Form 6-K filed by the issuer with the SEC on January 4, 2019) and (iv) 1,530,457,356 Common Shares issued by the issuer on January 16, 2019 pursuant to the Rights Offering.) |
CUSIP No. 670851500 |
1. | NAMES OF REPORTING PERSONS
OC 538 Offshore Fund, L.P. | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCE OF FUNDS
WC | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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:
343,410,230 (1) | |||||
9. | SOLE DISPOSITIVE POWER:
0 | |||||
10. | SHARED DISPOSITIVE POWER:
343,410,230 | |||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
343,410,230 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0% (2) | |||||
14. | TYPE OF REPORTING PERSON
PN |
(1) | All of which are held in the form of 68,682,046 ADSs. |
(2) | Based upon 3,796,949,365 Common Shares outstanding (composed of (i) 2,262,901,279 Common Shares outstanding as of October 31, 2018 (according to the Prospectus), (ii) the issuance of 3,314,745 Common Shares on December 6, 2018 (according to the Form 6-K filed by the issuer with the SEC on December 5, 2018), (iii) the issuance of 275,985 Common Shares on January 7, 2019 (according to the Form 6-K filed by the issuer with the SEC on January 4, 2019) and (iv) 1,530,457,356 Common Shares issued by the issuer on January 16, 2019 pursuant to the Rights Offering.) |
CUSIP No. 670851500 |
1. | NAMES OF REPORTING PERSONS
Brookfield Asset Management Private Institutional Capital Adviser (Credit), LLC | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCE OF FUNDS
AF | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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:
343,410,230 (1) | |||||
9. | SOLE DISPOSITIVE POWER:
0 | |||||
10. | SHARED DISPOSITIVE POWER:
343,410,230 | |||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
343,410,230 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0% (2) | |||||
14. | TYPE OF REPORTING PERSON
CO |
(1) | All of which are held in the form of 68,682,046 ADSs. |
(2) | Based upon 3,796,949,365 Common Shares outstanding (composed of (i) 2,262,901,279 Common Shares outstanding as of October 31, 2018 (according to the Prospectus), (ii) the issuance of 3,314,745 Common Shares on December 6, 2018 (according to the Form 6-K filed by the issuer with the SEC on December 5, 2018), (iii) the issuance of 275,985 Common Shares on January 7, 2019 (according to the Form 6-K filed by the issuer with the SEC on January 4, 2019) and (iv) 1,530,457,356 Common Shares issued by the issuer on January 16, 2019 pursuant to the Rights Offering.) |
CUSIP No. 670851500 |
1. | NAMES OF REPORTING PERSONS
Brookfield Credit Opportunities Fund GP, LLC | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCE OF FUNDS
AF | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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:
343,410,230 (1) | |||||
9. | SOLE DISPOSITIVE POWER:
0 | |||||
10. | SHARED DISPOSITIVE POWER:
343,410,230 | |||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
343,410,230 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0% (2) | |||||
14. | TYPE OF REPORTING PERSON
CO |
(1) | All of which are held in the form of 68,682,046 ADSs. |
(2) | Based upon 3,796,949,365 Common Shares outstanding (composed of (i) 2,262,901,279 Common Shares outstanding as of October 31, 2018 (according to the Prospectus), (ii) the issuance of 3,314,745 Common Shares on December 6, 2018 (according to the Form 6-K filed by the issuer with the SEC on December 5, 2018), (iii) the issuance of 275,985 Common Shares on January 7, 2019 (according to the Form 6-K filed by the issuer with the SEC on January 4, 2019) and (iv) 1,530,457,356 Common Shares issued by the issuer on January 16, 2019 pursuant to the Rights Offering.) |
CUSIP No. 670851500 |
1. | NAMES OF REPORTING PERSONS
Brookfield Capital Partners (Bermuda) Ltd. | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCE OF FUNDS
AF | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
☐ | |||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7. | SOLE VOTING POWER:
0 | ||||
8. | SHARED VOTING POWER:
343,410,230 (1) | |||||
9. | SOLE DISPOSITIVE POWER:
0 | |||||
10. | SHARED DISPOSITIVE POWER:
343,410,230 | |||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
343,410,230 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0% (2) | |||||
14. | TYPE OF REPORTING PERSON
CO |
(1) | All of which are held in the form of 68,682,046 ADSs. |
(2) | Based upon 3,796,949,365 Common Shares outstanding (composed of (i) 2,262,901,279 Common Shares outstanding as of October 31, 2018 (according to the Prospectus), (ii) the issuance of 3,314,745 Common Shares on December 6, 2018 (according to the Form 6-K filed by the issuer with the SEC on December 5, 2018), (iii) the issuance of 275,985 Common Shares on January 7, 2019 (according to the Form 6-K filed by the issuer with the SEC on January 4, 2019) and (iv) 1,530,457,356 Common Shares issued by the issuer on January 16, 2019 pursuant to the Rights Offering.) |
CUSIP No. 670851500 |
1. | NAMES OF REPORTING PERSONS
OC 538 GP, Ltd. | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCE OF FUNDS
AF | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 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:
343,410,230 (1) | |||||
9. | SOLE DISPOSITIVE POWER:
0 | |||||
10. | SHARED DISPOSITIVE POWER:
343,410,230 | |||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
343,410,230 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0% (2) | |||||
14. | TYPE OF REPORTING PERSON
CO |
(1) | All of which are held in the form of 68,682,046 ADSs. |
(2) | Based upon 3,796,949,365 Common Shares outstanding (composed of (i) 2,262,901,279 Common Shares outstanding as of October 31, 2018 (according to the Prospectus), (ii) the issuance of 3,314,745 Common Shares on December 6, 2018 (according to the Form 6-K filed by the issuer with the SEC on December 5, 2018), (iii) the issuance of 275,985 Common Shares on January 7, 2019 (according to the Form 6-K filed by the issuer with the SEC on January 4, 2019) and (iv) 1,530,457,356 Common Shares issued by the issuer on January 16, 2019 pursuant to the Rights Offering.) |
CUSIP No. 670851500 |
1. | NAMES OF REPORTING PERSONS
2518154 Ontario Limited | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☐
| |||||
3. | SEC USE ONLY
| |||||
4. | SOURCE OF FUNDS
AF | |||||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
☐ | |||||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
Canada | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
| 7. | SOLE VOTING POWER:
0 | ||||
8. | SHARED VOTING POWER:
343,410,230 (1) | |||||
9. | SOLE DISPOSITIVE POWER:
0 | |||||
10. | SHARED DISPOSITIVE POWER:
343,410,230 | |||||
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:
343,410,230 | |||||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
☐ | |||||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.0% (2) | |||||
14. | TYPE OF REPORTING PERSON
CO |
(1) | All of which are held in the form of 68,682,046 ADSs. |
(2) | Based upon 3,796,949,365 Common Shares outstanding (composed of (i) 2,262,901,279 Common Shares outstanding as of October 31, 2018 (according to the Prospectus), (ii) the issuance of 3,314,745 Common Shares on December 6, 2018 (according to the Form 6-K filed by the issuer with the SEC on December 5, 2018), (iii) the issuance of 275,985 Common Shares on January 7, 2019 (according to the Form 6-K filed by the issuer with the SEC on January 4, 2019) and (iv) 1,530,457,356 Common Shares issued by the issuer on January 16, 2019 pursuant to the Rights Offering.) |
Introductory Statement
Pursuant to Rule 13d-2 promulgated under the Act, this Schedule 13D/A (this Amendment No. 1) amends the Schedule 13D filed on September 27, 2018 (the Original Schedule 13D, and together with Amendment No. 1, the Schedule 13D).
Except as otherwise provided herein, each Item of the Schedule 13D remains unchanged. Capitalized terms used herein but not otherwise defined have the meanings ascribed to such terms in the Original Schedule 13D.
ITEM 3. | Source and Amount of Funds or Other Consideration. |
Item 3 is amended by deleting the first sentence in its entirety and replacing it with the following:
The disclosure in Items 4 and 5 is incorporated herein by reference.
Item 3 is also amended and supplemented by adding the following:
On November 23, 2018, certain of the Funds received 38,307,045 transferable rights to acquire Common Share ADSs (the ADS Rights) as part of a rights offering conducted by the Issuer (the Rights Offering). Each ADS Right allowed the holder to subscribe for one Common Share ADS on the terms and subject to the conditions specified in the prospectus (the Prospectus) filed with the Securities and Exchange Commission (the SEC) by the Issuer pursuant to Rule 424(b)(2) on November 13, 2018. On December, 26, 2018 certain of the Funds exercised ADS Rights to subscribe for 38,508,826 Common Share ADSs. On January 11, 2019, the Issuer announced that 1,530,457,356 initial New Common Shares (as defined in the Prospectus) had been subscribed for in the Rights Offering and 91,322,933 Excess New Common Shares (as defined in the Prospectus) had been subscribed for in the Rights Offering. According to the Issuer, 1,530,457,356 initial New Common Shares were issued on or about January 16, 2019 and 91,322,933 Excess New Common Shares will be issued on or about January 24, 2019. Pursuant to the terms of the Rights Offering, the Funds will receive 38,508,826 Common Share ADSs, representing 192,544,130 newly issued Common Shares.
The price per Common Share ADS in the Rights Offering was US$1.592439.
Item 3 is also amended by deleting the sub-section captioned Warrants in its entirety and replacing it with the following:
Warrants
Each Warrant distributed as part of the Qualified Recovery entitled its holder to subscribe for one Common Share at an exercise price of the equivalent in reais of US$0.01 per Common Share. The Funds held their Warrants in the form of ADWs, each representing the right to subscribe for one Common Share ADS. On October 31, 2018, certain of the Funds exercised 1,515,232 ADWs to subscribe for 1,515,232 ADSs representing 7,576,160 Common Shares. The exercise price was US$0.0538 per ADW, which was paid in cash.
ITEM 5. | Interest in Securities of the Issuer. |
(a) and (b) Items 7 through 11 and 13 of each of the cover pages of this Schedule 13D and Item 3 are incorporated herein by reference. Such information is based upon 3,796,949,365 Common Shares outstanding (composed of (i) 2,262,901,279 Common Shares outstanding as of October 31, 2018 (according to the Prospectus), (ii) the issuance of 3,314,745 Common Shares on December 6, 2018 (according to the Form 6-K filed by the issuer with the SEC on December 5, 2018), (iii) the issuance of 275,985 Common Shares on January 7, 2019 (according to the Form 6-K filed by the issuer with the SEC on January 4, 2019) and (iv) 1,530,457,356 Common Shares issued by the issuer on January 16, 2019 pursuant to the Rights Offering).
(c) The information in Item 3 and Item 4 is incorporated herein by reference. Except as set forth in this Schedule 13D, there have been no transactions in the Common Shares of the Issuer effected during the 60 days prior the date of this Schedule 13D by any person named in Item 2 hereof. Schedule I provides additional information with respect to the dates, amounts of securities and prices of any such transactions.
(d) No person is known to the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, any Common Shares.
(e) Not applicable.
SIGNATURE
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.
January 16, 2019
BROOKFIELD ASSET MANAGEMENT INC. |
/s/ AJ Silber |
By: AJ Silber |
Title: Vice President |
PARTNERS LIMITED |
/s/ Brian D. Lawson |
By: Brian D. Lawson |
Title: President |
PF FUND LIMITED PARTNERSHIP |
By: 2518154 Ontario Limited, its General Partner |
/s/ Kathy Sarpash |
By: Kathy Sarpash |
Title: Vice President |
BROOKFIELD CREDIT OPPORTUNITIES MASTER FUND, L.P. |
By: Brookfield Asset Management Private Institutional Capital Adviser (Credit), LLC, its Investment Manager |
/s/ Anthony Bavaro |
By: Anthony Bavaro |
Title: Vice President |
BROOKFIELD CREDIT OPPORTUNITIES CO-INVEST (B), L.P. |
By: Brookfield Asset Management Private Institutional Capital Adviser (Credit), LLC, its Investment Manager |
/s/ Anthony Bavaro |
By: Anthony Bavaro |
Title: Vice President |
OC 538 OFFSHORE FUND, L.P. |
By: Brookfield Asset Management Private Institutional Capital Adviser (Credit), LLC, its Investment Manager |
/s/ Anthony Bavaro |
By: Anthony Bavaro |
Title: Vice President |
BROOKFIELD ASSET MANAGEMENT PRIVATE INSTITUTIONAL CAPITAL ADVISER (CREDIT), LLC |
/s/ Anthony Bavaro |
By: Anthony Bavaro |
Title: Vice President |
BROOKFIELD CREDIT OPPORTUNITIES FUND GP, LLC |
/s/ Anthony Bavaro |
By: Anthony Bavaro |
Title: Vice President |
BROOKFIELD CAPITAL PARTNERS (BERMUDA) LTD. |
/s/ Jane Sheere |
By: Jane Sheere |
Title: Secretary |
OC 538 GP, LTD. |
/s/ Robert Paine |
By: Robert Paine |
Title: Director |
2518154 ONTARIO LIMITED |
/s/ Kathy Sarpash |
By: Kathy Sarpash |
Title: Vice President |
Schedule I
TRADING IN SHARES
Between November 14, 2018 and January 16, 2019, the Reporting Persons made the following transactions in the Common Shares (in the form of Common Share ADSs) and of Common Share ADS Rights of the Company:
Name | Trade Date | Buy/Sell | No. of ADSs | No. of Common Shares | Gross Price (per ADS) | Security | ||||||||||||||
Brookfield Credit Opportunities Master Fund, L.P. | 11/14/2018 | Buy | 15,000 | 75,000 | $ | 2.89 | Common Shares | |||||||||||||
OC 538 Offshore Fund, L.P. | 11/14/2018 | Buy | 35,000 | 175,000 | $ | 2.89 | Common Shares | |||||||||||||
PF Fund Limited Partnership | 11/19/2018 | Buy | 46,212 | 231,060 | $ | 2.75 | Common Shares | |||||||||||||
OC 538 Offshore Fund, L.P. | 11/19/2018 | Buy | 15,000 | 75,000 | $ | 2.75 | Common Shares | |||||||||||||
Brookfield Credit Opportunities Master Fund, L.P. | 11/27/2018 | Buy | 200,000 | 1,000,000 | $ | 1.82 | Common Shares | |||||||||||||
OC 538 Offshore Fund, L.P. | 11/27/2018 | Buy | 200,000 | 1,000,000 | $ | 1.82 | Common Shares | |||||||||||||
OC 538 Offshore Fund, L.P. | 1/4/2019 | Buy | 434,325 | 2,171,625 | $ | 1.86 | Common Shares | |||||||||||||
OC 538 Offshore Fund, L.P. | 1/7/2019 | Buy | 100,000 | 500,000 | $ | 1.88 | Common Shares | |||||||||||||
OC 538 Offshore Fund, L.P. | 1/9/2019 | Buy | 165,000 | 825,000 | $ | 1.89 | Common Shares | |||||||||||||
OC 538 Offshore Fund, L.P. | 1/9/2019 | Buy | 100,000 | 500,000 | $ | 1.90 | Common Shares | |||||||||||||
OC 538 Offshore Fund, L.P. | 1/15/2019 | Buy | 250,000 | 1,250,000 | $ | 1.80 | Common Shares |
Name | Trade Date | Buy/Sell | No. of ADS Rights | No. of Common Shares | Gross Price (per ADS Right) | Security | ||||||||||||
Brookfield Credit Opportunities Master Fund, L.P. | 11/29/18 | Buy | 221,332 | 1,106,660 | $ | 0.2200 | Common Shares | |||||||||||
OC 538 Offshore Fund, L.P. | 11/29/18 | Buy | 500,000 | 2,500,000 | $ | 0.2200 | Common Shares | |||||||||||
Brookfield Credit Opportunities Master Fund, L.P. | 12/06/18 | Buy | 212,500 | 1,062,500 | $ | 0.1219 | Common Shares | |||||||||||
OC 538 Offshore Fund, L.P. | 12/06/18 | Buy | 37,500 | 187,500 | $ | 0.1219 | Common Shares | |||||||||||
Brookfield Credit Opportunities Master Fund, L.P. | 12/07/18 | Buy | 283,333 | 1,416,665 | $ | 0.0800 | Common Shares | |||||||||||
Brookfield Credit Opportunities Master Fund, L.P. | 12/07/18 | Buy | 141,667 | 708,335 | $ | 0.1000 | Common Shares | |||||||||||
OC 538 Offshore Fund, L.P. | 12/07/18 | Buy | 50,000 | 250,000 | $ | 0.0800 | Common Shares | |||||||||||
OC 538 Offshore Fund, L.P. | 12/07/18 | Buy | 25,000 | 125,000 | $ | 0.1000 | Common Shares | |||||||||||
PF Fund Limited Partnership | 12/07/18 | Buy | 333,333 | 1,666,665 | $ | 0.1000 | Common Shares | |||||||||||
PF Fund Limited Partnership | 12/07/18 | Buy | 666,667 | 3,333,335 | $ | 0.0800 | Common Shares | |||||||||||
Brookfield Credit Opportunities Master Fund, L.P. | 12/12/18 | Buy | 1,180,010 | 5,900,050 | $ | 0.0158 | Common Shares | |||||||||||
OC 538 Offshore Fund, L.P. | 12/12/18 | Buy | 400,000 | 2,000,000 | $ | 0.0158 | Common Shares | |||||||||||
Brookfield Credit Opportunities Master Fund, L.P. | 12/13/18 | Buy | 250,000 | 1,250,000 | $ | 0.0200 | Common Shares | |||||||||||
OC 538 Offshore Fund, L.P. | 12/13/18 | Buy | 50,000 | 250,000 | $ | 0.0200 | Common Shares | |||||||||||
PF Fund Limited Partnership | 12/13/18 | Buy | 232,990 | 1,164,950 | $ | 0.0200 | Common Shares | |||||||||||
Brookfield Credit Opportunities Master Fund, L.P. | 12/14/18 | Buy | 2,112,000 | 10,560,000 | $ | 0.0199 | Common Shares | |||||||||||
PF Fund Limited Partnership | 12/14/18 | Buy | 775,000 | 3,875,000 | $ | 0.0199 | Common Shares | |||||||||||
Brookfield Credit Opportunities Master Fund, L.P. | 12/17/18 | Buy | 222,263 | 1,111,315 | $ | 0.0140 | Common Shares | |||||||||||
PF Fund Limited Partnership | 12/17/18 | Buy | 222,263 | 1,111,315 | $ | 0.0140 | Common Shares | |||||||||||
Brookfield Credit Opportunities Master Fund, L.P. | 12/18/18 | Buy | 777,737 | 3,888,685 | $ | 0.0150 | Common Shares | |||||||||||
PF Fund Limited Partnership | 12/18/18 | Buy | 777,737 | 3,888,685 | $ | 0.0150 | Common Shares |