SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
HG Vora Capital Management, LLC
870 Seventh Avenue, Second Floor
New York, NY 10019
Receive Notices and Communications)
Milbank, Tweed, Hadley & McCloy LLP
One Chase Manhattan Plaza
New York, NY 10005
(212) 530-5921
May 19, 2010
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.o
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-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 purposes of Section 18 of the Securities Exchange Act of 1934 (the “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.: | 617748W108 |
(1) | NAME OF REPORTING PERSON: HG Vora Special Opportunities Master Fund, Ltd. | ||||||||||
(2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||||||||
(a) þ | |||||||||||
(b) o | |||||||||||
(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) | ||||||||||
o | |||||||||||
(6) | CITIZENSHIP OR PLACE OF ORGANIZATION: | ||||||||||
Cayman Islands | |||||||||||
(7) | SOLE VOTING POWER: | ||||||||||
NUMBER OF | 899,999 | ||||||||||
SHARES | (8) | SHARED VOTING POWER: | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 899,999 | ||||||||||
EACH | (9) | SOLE DISPOSITIVE POWER: | |||||||||
REPORTING | |||||||||||
PERSON | 899,999 | ||||||||||
WITH: | (10) | SHARED DISPOSITIVE POWER: | |||||||||
899,999 | |||||||||||
(11) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: | ||||||||||
899,999 | |||||||||||
(12) | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ||||||||||
o | |||||||||||
(13) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): | ||||||||||
2.99% | |||||||||||
(14) | TYPE OF REPORTING PERSON: | ||||||||||
OO (Cayman Islands exempted company) |
CUSIP No.: | 617748W108 |
(1) | NAME OF REPORTING PERSON: HG Vora Special Opportunities Fund LP | ||||||||||
(2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||||||||
(a) þ | |||||||||||
(b) o | |||||||||||
(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) | ||||||||||
o | |||||||||||
(6) | CITIZENSHIP OR PLACE OF ORGANIZATION: | ||||||||||
Delaware | |||||||||||
(7) | SOLE VOTING POWER: | ||||||||||
NUMBER OF | 2,100,001 | ||||||||||
SHARES | (8) | SHARED VOTING POWER: | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 2,100,001 | ||||||||||
EACH | (9) | SOLE DISPOSITIVE POWER: | |||||||||
REPORTING | |||||||||||
PERSON | 2,100,001 | ||||||||||
WITH: | (10) | SHARED DISPOSITIVE POWER: | |||||||||
2,100,001 | |||||||||||
(11) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: | ||||||||||
2,100,001 | |||||||||||
(12) | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ||||||||||
o | |||||||||||
(13) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): | ||||||||||
6.98% | |||||||||||
(14) | TYPE OF REPORTING PERSON: | ||||||||||
PN |
CUSIP No.: | 617748W108 |
(1) | NAME OF REPORTING PERSON: HG Vora Capital Management, LLC | ||||||||||
(2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||||||||
(a) þ | |||||||||||
(b) o | |||||||||||
(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) | ||||||||||
o | |||||||||||
(6) | CITIZENSHIP OR PLACE OF ORGANIZATION: | ||||||||||
Delaware | |||||||||||
(7) | SOLE VOTING POWER: | ||||||||||
NUMBER OF | 3,000,000 | ||||||||||
SHARES | (8) | SHARED VOTING POWER: | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 3,000,000 | ||||||||||
EACH | (9) | SOLE DISPOSITIVE POWER: | |||||||||
REPORTING | |||||||||||
PERSON | 3,000,000 | ||||||||||
WITH: | (10) | SHARED DISPOSITIVE POWER: | |||||||||
3,000,000 | |||||||||||
(11) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: | ||||||||||
3,000,000 | |||||||||||
(12) | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ||||||||||
o | |||||||||||
(13) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): | ||||||||||
9.97% | |||||||||||
(14) | TYPE OF REPORTING PERSON: | ||||||||||
PN |
4
CUSIP No.: | 617748W108 |
(1) | NAME OF REPORTING PERSON: Parag Vora | ||||||||||
(2) | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | ||||||||||
(a) þ | |||||||||||
(b) o | |||||||||||
(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) | ||||||||||
o | |||||||||||
(6) | CITIZENSHIP OR PLACE OF ORGANIZATION: | ||||||||||
USA | |||||||||||
(7) | SOLE VOTING POWER: | ||||||||||
NUMBER OF | 3,000,000 | ||||||||||
SHARES | (8) | SHARED VOTING POWER: | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | 3,000,000 | ||||||||||
EACH | (9) | SOLE DISPOSITIVE POWER: | |||||||||
REPORTING | |||||||||||
PERSON | 3,000,000 | ||||||||||
WITH: | (10) | SHARED DISPOSITIVE POWER: | |||||||||
3,000,000 | |||||||||||
(11) | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: | ||||||||||
3,000,000 | |||||||||||
(12) | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES | ||||||||||
o | |||||||||||
(13) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): | ||||||||||
9.97% | |||||||||||
(14) | TYPE OF REPORTING PERSON: | ||||||||||
IN |
1. | Offshore Fund — 899,999 shares of Common Stock, which represents 2.99% of the Issuer’s outstanding Common Stock. | ||
2. | Domestic Fund — 2,100,001 shares of Common Stock, which represents 6.98% of the Issuer’s outstanding Common Stock. | ||
3. | Manager — 3,000,000 shares of Common Stock, which represents 9.97% of the Issuer’s outstanding Common Stock. | ||
4. | Parag Vora — 3,000,000 shares of Common Stock, which represents 9.97% of the Issuer’s outstanding Common Stock. |
Avg. Price of | ||||||||
Shares | Shares | |||||||
Purchased | Purchased or | |||||||
Trade Date | /(Sold) | Sold | ||||||
7-Apr-10 | (4,740 | ) | $ | 7.3476 | ||||
8-Apr-10 | 4,740 | $ | 7.1000 | |||||
12-Apr-10 | (15,390 | ) | $ | 7.4768 | ||||
14-Apr-10 | 5,400 | $ | 7.4973 | |||||
15-Apr-10 | 8,940 | $ | 7.4796 | |||||
16-Apr-10 | 1,050 | $ | 7.4000 | |||||
22-Apr-10 | (118,890 | ) | $ | 7.9774 | ||||
23-Apr-10 | (30,000 | ) | $ | 8.4076 | ||||
29-Apr-10 | (19,500 | ) | $ | 8.9119 | ||||
4-May-10 | 14,400 | $ | 8.4539 | |||||
5-May-10 | 17,490 | $ | 7.9613 | |||||
6-May-10 | (24,300 | ) | $ | 7.5652 | ||||
7-May-10 | 5,220 | $ | 6.6823 | |||||
7-May-10 | (150 | ) | $ | 7.2385 | ||||
10-May-10 | (8,160 | ) | $ | 7.4831 | ||||
11-May-10 | 14,280 | $ | 6.9936 | |||||
12-May-10 | 4,440 | $ | 7.0239 | |||||
13-May-10 | 11,280 | $ | 7.0211 | |||||
14-May-10 | 41,160 | $ | 6.6858 | |||||
17-May-10 | 32,100 | $ | 6.5116 | |||||
18-May-10 | 62,902 | $ | 6.4225 | |||||
19-May-10 | 10,800 | $ | 5.9537 | |||||
20-May-10 | 44,047 | $ | 5.9099 | |||||
21-May-10 | 24,000 | $ | 6.0858 | |||||
24-May-10 | 34,020 | $ | 6.5004 | |||||
25-May-10 | 39,150 | $ | 6.4607 | |||||
26-May-10 | 92,010 | $ | 6.9050 | |||||
27-May-10 | 164,850 | $ | 7.2125 | |||||
28-May-10 | 23,880 | $ | 7.5071 | |||||
1-Jun-10 | 16,080 | $ | 7.4513 |
Avg. Price of | ||||||||
Shares | Shares | |||||||
Purchased | Purchased or | |||||||
Trade Date | /(Sold) | Sold | ||||||
7-Apr-10 | (11,060 | ) | $ | 7.3476 | ||||
8-Apr-10 | 11,060 | $ | 7.1000 | |||||
12-Apr-10 | (35,910 | ) | $ | 7.4768 | ||||
14-Apr-10 | 12,600 | $ | 7.4973 | |||||
15-Apr-10 | 20,860 | $ | 7.4796 | |||||
16-Apr-10 | 2,450 | $ | 7.4000 | |||||
22-Apr-10 | (277,410 | ) | $ | 7.9774 | ||||
23-Apr-10 | (70,000 | ) | $ | 8.4076 | ||||
29-Apr-10 | (45,500 | ) | $ | 8.9119 | ||||
4-May-10 | 33,600 | $ | 8.4539 | |||||
5-May-10 | 40,810 | $ | 7.9613 | |||||
6-May-10 | (56,700 | ) | $ | 7.5652 | ||||
7-May-10 | 12,180 | $ | 6.6823 | |||||
7-May-10 | (350 | ) | $ | 7.2385 | ||||
10-May-10 | (19,040 | ) | $ | 7.4831 | ||||
11-May-10 | 33,320 | $ | 6.9936 | |||||
12-May-10 | 10,360 | $ | 7.0239 | |||||
13-May-10 | 26,320 | $ | 7.0211 | |||||
14-May-10 | 96,040 | $ | 6.6858 | |||||
17-May-10 | 74,900 | $ | 6.5116 | |||||
18-May-10 | 146,773 | $ | 6.4225 | |||||
19-May-10 | 25,200 | $ | 5.9537 | |||||
20-May-10 | 102,778 | $ | 5.9099 | |||||
21-May-10 | 56,000 | $ | 6.0858 | |||||
24-May-10 | 79,380 | $ | 6.5004 | |||||
25-May-10 | 91,350 | $ | 6.4607 | |||||
26-May-10 | 214,690 | $ | 6.9050 | |||||
27-May-10 | 384,650 | $ | 7.2125 | |||||
28-May-10 | 55,720 | $ | 7.5071 | |||||
1-Jun-10 | 37,520 | $ | 7.4513 |
HG VORA SPECIAL OPPORTUNITIES MASTER FUND, LTD. | ||||
By: | /s/ Parag Vora | |||
Name: | Parag Vora | |||
Title: | ||||
HG VORA SPECIAL OPPORTUNITIES FUND LP | ||||
By: | /s/ Parag Vora | |||
Name: | Parag Vora | |||
Title: | ||||
HG VORA CAPITAL MANAGEMENT, LLC | ||||
By: | /s/ Parag Vora | |||
Name: | Parag Vora | |||
Title: | ||||
/s/ Parag Vora | ||||
Parag Vora | ||||