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
Ownership Summary

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%
Filing

 

 

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