SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Information to be Included in Statements Filed Pursuant
to Rule 13d-1(a) and Amendments Thereto Filed Pursuant to Rule 13d-2(a)
(Amendment No. 5)*
Scientific Games Corporation (f/k/a Autotote Corporation) (Name of Issuer) |
Common Stock, par value $0.01 per share (Title of Class of Securities) |
053323 10 1 (CUSIP Number) |
John Frank Managing Director and General Counsel Oaktree Capital Management, LLC 333 South Grand Avenue, 28th Floor Los Angeles, California 90071 (213) 830-6300 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
December 13, 2001 (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-l(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 Section 240.13d-7(b) for other parties to whom copies are to be sent.
(Continued
on following pages)
(Page 1 of 9 Pages)
* 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).
CUSIP No. 053323 10 1 | Page 2 of 9 Pages |
1 | NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
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Oaktree Capital Management, LLC |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) / / | ||||||
(b) /x/ | ||||||||
3 | SEC USE ONLY | |||||||
4 | SOURCE OF FUNDS* | |||||||
Not applicable. |
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5 | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | / / | ||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | |||||||
California |
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER | ||||||
4,933,500 |
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8 | SHARED VOTING POWER | |||||||
-0- |
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9 | SOLE DISPOSITIVE POWER | |||||||
4,933,500 |
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10 | SHARED DISPOSITIVE POWER | |||||||
-0- |
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11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |||||||
4,933,500 |
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12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* | / / | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | |||||||
12.19% |
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14 | TYPE OF REPORTING PERSON* | |||||||
IA, OO |
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*SEE INSTRUCTION BEFORE FILLING OUT! |
CUSIP No. 053323 10 1 | Page 3 of 9 Pages |
1 | NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
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OCM Opportunities Fund, L.P. |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) / / | ||||||
(b) /x/ | ||||||||
3 | SEC USE ONLY | |||||||
4 | SOURCE OF FUNDS* | |||||||
Not applicable. |
||||||||
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 |
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER | ||||||
4,785,492 |
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8 | SHARED VOTING POWER | |||||||
-0- |
||||||||
9 | SOLE DISPOSITIVE POWER | |||||||
4,785,492 |
||||||||
10 | SHARED DISPOSITIVE POWER | |||||||
-0- |
||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |||||||
4,785,492 |
||||||||
12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* | / / | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | |||||||
11.83% |
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14 | TYPE OF REPORTING PERSON* | |||||||
PN |
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*SEE INSTRUCTION BEFORE FILLING OUT! |
CUSIP No. 053323 10 1 | Page 4 of 9 Pages |
1 | NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON |
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OCM Principal Opportunities Fund, L.P. |
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2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* | (a) / / | ||||||
(b) /x/ | ||||||||
3 | SEC USE ONLY | |||||||
4 | SOURCE OF FUNDS* | |||||||
Not applicable. |
||||||||
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 |
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7 | SOLE VOTING POWER | ||||||
-0- |
||||||||
8 | SHARED VOTING POWER | |||||||
-0- |
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9 | SOLE DISPOSITIVE POWER | |||||||
-0- |
||||||||
10 | SHARED DISPOSITIVE POWER | |||||||
-0- |
||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | |||||||
-0- |
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12 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* | / / | ||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | |||||||
0% |
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14 | TYPE OF REPORTING PERSON* | |||||||
PN |
||||||||
*SEE INSTRUCTION BEFORE FILLING OUT! |
Page 5 of 9 Pages
This Schedule 13D relates to the Common Stock, par value $0.01 per share ("Common Stock"), of Scientific Games Corporation (f/k/a Autotote Corporation), a Delaware corporation (the "Issuer"). The address of the principal executive office of the Issuer is 750 Lexington Avenue, 25th Floor, New York, New York 10022.
Item 2. Identity and Background
This Schedule 13D is filed on behalf of:
The principal business of Oaktree is providing investment advice and management services to institutional and individual investors. The Opportunities Fund is a limited partnership which generally invests in the securities and other obligations of distressed entities. The Principal Opportunities Fund is a limited partnership which generally invests in entities in which there is a potential for the fund to exercise significant influence over such entities. Oaktree is also the investment manager of a third party account (the "Oaktree Account") which invests in securities similar to those in which the Opportunities Fund invests. Based on Oaktree's relationship with the Funds and the Oaktree Account, Oaktree may be deemed to beneficially own the shares of Common Stock held by both the Funds and the Oaktree Account.
(a)-(c) & (f)
Oaktree is the general partner of each of the Funds. The address of the principal business and principal office for Oaktree, the Funds and the portfolio managers is 333 South Grand Avenue, 28th Floor, Los Angeles, California 90071. The members and executive officers of Oaktree and the Funds are listed below. The principal address for each member and executive officer of Oaktree and the Funds is 333 South Grand Avenue, 28th Floor, Los Angeles, California 90071. Each individual listed below is a citizen of the United States of America.
Page 6 of 9 Pages
Executive Officers & Members | ||
Howard S. Marks |
Chairman and Principal |
|
Bruce A. Karsh | President and Principal | |
Sheldon M. Stone | Principal | |
David Richard Masson | Principal | |
Larry W. Keele | Principal | |
Stephen A. Kaplan | Principal | |
Russel S. Bernard | Principal | |
David Kirchheimer | Managing Director and Chief Financial and Administrative Officer | |
John Frank | Managing Director and General Counsel | |
Portfolio Managers of Opportunities Fund |
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Bruce A. Karsh |
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David Richard Masson | ||
Portfolio Managers of Principal Opportunities Fund |
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Stephen A. Kaplan |
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Ronald N. Beck |
(d)-(e)
During the last five years, neither Oaktree, the Funds, nor, to the best of their knowledge, any of their respective executive officers, directors and general partners (i) has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors); or (ii) has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceedings 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
Not Applicable.
Page 7 of 9 Pages
Item 4. Purpose of Transaction
The shares of the Issuer's Common Stock described herein were acquired for investment purposes and for the purposes set forth below.
Oaktree, as the general partner of the Funds, will evaluate the Issuer's businesses and prospects, alternative investment opportunities and all other factors deemed relevant in determining whether to acquire or dispose of additional shares of the Issuer's Common Stock. The investment strategy of the Opportunities Fund is generally to invest in the securities and other obligations of distressed entities. The investment strategy of the Principal Opportunities Fund is generally to invest in entities in which there is a potential to exercise significant influence over such entities. Some or all of the shares of the Issuer's Common Stock beneficially owned by Oaktree and the Funds may be sold, or additional shares of Common Stock may be acquired in the open market or in privately negotiated transactions. Oaktree currently has no agreements, beneficially or otherwise, which would be related to or would result in any of the matters described in Items 4(a)-(j) of Schedule 13D; however, as part of its ongoing review of investment alternatives, Oaktree may consider such matters in the future and, subject to applicable law, may formulate a plan with respect to such matters, and, from time to time, Oaktree may hold discussions with or make formal proposals to management or the Board of Directors of the Issuer, other shareholders of the Issuer or other third parties regarding such matters.
Item 5. Interest in Securities of the Issuer
As of the date of this Schedule 13D, the Principal Opportunities Fund owns and has sole power to vote and dispose of 0 shares of the Issuer's Common Stock.
As of the date of this Schedule 13D, Oaktree, in its capacity as the general partner of the Funds and manager of the Oaktree Account, may be deemed to beneficially own 4,933,500 shares of Common Stock of the Issuer (approximately 12.19% of the outstanding shares of the Issuer's Common Stock).
Page 8 of 9 Pages
Oaktree, as general partner of the Funds and investment manager of the Oaktree Account, may be deemed to beneficially own the shares of the Issuer's Common Stock which are owned by the Funds and the Oaktree Account. Oaktree and each of the individuals listed in Item 2 disclaims ownership of the shares of the Issuer's Common Stock reported herein and the filing of this Statement shall not be construed as an admission that any such person is the beneficial owner of any securities covered by this statement. Other than these transactions, neither the Funds nor Oaktree and, to the best of their knowledge, none of their respective executive officers, directors or general partners has effected any transaction involving the Issuer's Common Stock during the last 60 days.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
Oaktree, as general partner of the Funds and manager of the Oaktree Account, receives a management fee for managing the assets of the Funds and the Oaktree Account and has a carried interest in the Funds and earns an incentive fee from the Oaktree Account.
Except as described above and herein in this Schedule 13D, there are no other contracts, understandings or relationships (legal or otherwise) among the parties named in Item 2 hereto and between such persons and any person with respect to any of the securities of the Issuer currently owned by the Funds.
Item 7. Material to be filed as Exhibits
The following are filed herewith as Exhibits to this Schedule 13D:
Exhibit 1 | A written agreement relating to the filing of the joint acquisition statement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended. |
Page 9 of 9 Pages
After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this Schedule 13D is true, complete and correct.
Dated as of this 14th day of December, 2001.
OAKTREE CAPITAL MANAGEMENT, LLC | |||
By: | /s/ JOHN FRANK John Frank Managing Director and General Counsel |
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OCM OPPORTUNITIES FUND, L.P. | |||
By: Oaktree Capital Management, LLC Its: General Partner |
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By: | /s/ JOHN FRANK John Frank Managing Director and General Counsel |
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OCM PRINCIPAL OPPORTUNITIES FUND, L.P. | |||
By: Oaktree Capital Management, LLC Its: General Partner |
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By: | /s/ JOHN FRANK John Frank Managing Director and General Counsel |
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