Filing Details
- Accession Number:
- 0001846170-21-000009
- Form Type:
- 13D Filing
- Publication Date:
- 2021-09-29 20:00:00
- Filed By:
- Byway 1 Corp.
- Company:
- Copper Property Ctl Pass Through Trust
- Filing Date:
- 2021-09-30
- 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 |
---|---|---|---|---|---|---|
Byway | 8 | 18,946,567 | 10 | 18,946,567 | 12 | 25.26% |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934* Copper Property CTL Pass Through Trust (Name of Issuer) Trust Certificates (Title of Class of Securities) 217519107 (CUSIP Number) Ashvin Rao 680 Washington Boulevard, Seventh Floor Stamford, CT 06901 (203) 569-4000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) September 21, 2021 (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 sections 240.13d-1(e), 240.13d-1(f) or 240.13d-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 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. 217519107 1 NAMES OF REPORTING PERSONS Byway 1 Corp. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) 0 (b) 1 3 SEC USE ONLY 4 SOURCE OF FUNDS (see instructions) WC 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) 0 6 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7 SOLE VOTING POWER 8 SHARED VOTING POWER 18,946,567 9 SOLE DISPOSITIVE POWER 10 SHARED DISPOSITIVE POWER 18,946,567 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 0 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 25.26% 14 TYPE OF REPORTING PERSON (see instructions) CO Item 1. Security and Issuer. This Statement on Schedule 13D (this "Schedule 13D") relates to Trust Certificates, no par value (the "Trust Certificates"), of Copper Property CTL Pass Through Trust, a New York common law trust (the "Issuer"). The principal executive offices of the Issuer are located at 3 Second Street, Suite 206, Jersey City, NJ 07311. Item 2. Identity and Background. This Schedule 13D is filed by Byway 1 Corp., a Delaware corporation (the "Reporting Person"). The address of the Reporting Person's principal office is 680 Washington Boulevard, Seventh Floor, Stamford, CT 06901. During the last five years, the Reporting Person has neither been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) nor been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, 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. Item 3. Source and Amount of Funds or Other Consideration. The information in Item 5 of this Schedule 13D is incorporated herein by reference. The aggregate purchase price for the purchase transaction set forth in Item 5 was funded by available cash on hand. The Reporting Person acquired the Trust Certificates as of January 30, 2021, by distribution by the Issuer in connection with a Plan of Reorganization under the U.S. Bankruptcy Code of Old Copper Company, Inc. Item 4. Purpose of Transaction. The information in Items 2, 3 and 6 of this Schedule 13D is incorporated herein by reference. The Reporting Person holds the Trust Certificates for investment purposes. The Reporting Person intends to review on a continuing basis the investments in the Issuer by the Other Reporting Persons. The Reporting Person may seek to sell or otherwise dispose of some or all of the Issuer's securities from time to time, and/or may seek to acquire additional securities of the Issuer from time to time, in each case, in open market or private transactions, block sales or otherwise. Any transaction that the Reporting Person may pursue may be made at any time and from time to time without prior notice and will depend on a variety of factors, including, without limitation, the price and availability of the Issuer's securities, subsequent developments affecting the Issuer, the Issuer's business and the Issuer's prospects, other investment and business opportunities available to the Reporting Person, general industry and economic conditions, the securities markets in general, tax considerations and other factors deemed relevant by the Reporting Person. Except as described in this Schedule 13D, the Reporting Person does not have any present plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D, although the Reporting Person, at any time and from time to time, may review, reconsider and change his position and/or change his purpose and/or develop such plans. Item 5. Interest in Securities of the Issuer. The information in Item 2 of this Schedule 13D is incorporated herein by reference. (a) In the aggregate, the Reporting Person beneficially owns 18,946,567 Trust Certificates, or 25.26% of the Trust Certificates outstanding as of June 30, 2021, based on the Issuer's Form 10-Q filed on August 13, 2021. (b) The Reporting Person may be deemed to be controlled by Spencer B. Haber (the "Other Reporting Person") and therefore share beneficial ownership (and voting and dispositive power) of the Trust Certificates with the Other Reporting Person. Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission that the Reporting Person is the beneficial owner of the Trust Certificates referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose. The filing of this statement should not be construed to be an admission that the Reporting Person or the Other Reporting Person are members of a "group" for the purposes of Sections 13(d) and 13(g) of the Exchange Act. (c) On September 21, 2021, the Reporting Person made an open market acquisition through a broker- dealer of 7,062,727 Trust Certificates for a price per Certificate of $19.125 and an aggregate purchase price of $135,074,654. Except for the foregoing, the Reporting Person has not effected any transaction in the Trust Certificates in the past 60 days. (d) To the best knowledge of the Reporting Person, no person other than the Other Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities beneficially owned by the Other Reporting Persons identified in this Item 5. (e) Not applicable. Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer. The information set forth in Items 3, 4 and 5 of this Schedule 13D is incorporated herein by reference. The Reporting Persons has rights under a Registration Rights and Resale Cooperation Agreement, dated as of January 30, 2021 (which is incorporated by reference to Exhibit 4.1 to the Issuer's Amendment No.1 to Registration Statement on Form 10-12G filed on February 5, 2021). The description of the agreement contained in this Item 6 is not intended to be complete and is qualified in its entirety by reference to such agreement, which is incorporated by reference herein. 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. September 30, 2021 BYWAY 1 CORP. By: /s/ Ashvin Rao Name: Ashvin Rao Title: Vice President and Co-Secretary