Glatfelter SC 13G/A / CARLSON CAPITAL L P ownership change

NAMES OF REPORTING PERSON

Double Black Diamond Offshore Ltd.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐ (b) ☒

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Cayman Islands

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. )*

Glatfelter Corporation

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

377316104

(CUSIP Number)

February 16, 2022

(Date of Event Which Requires Filing of This Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed :

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

*	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 the disclosures provided in a prior cover page.

The information required in 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. 377316104		SCHEDULE 13G		Page 2 of 13 Pages


CUSIP No. 377316104		SCHEDULE 13G		Page 3 of 13 Pages


CUSIP No. 377316104		SCHEDULE 13G		Page 4 of 13 Pages


CUSIP No. 377316104		SCHEDULE 13G		Page 5 of 13 Pages


CUSIP No. 377316104		SCHEDULE 13G		Page 6 of 13 Pages


CUSIP No. 377316104		SCHEDULE 13G		Page 7 of 13 Pages

Item 1(a).

NAME OF ISSUER

Glatfelter Corporation, a Pennsylvania corporation (the “Issuer”).

Item 1(b).

ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES

4350 Congress Street, Suite 600

Charlotte, North Carolina 28209

Item 2(a).

NAME OF PERSON FILING

This statement is filed by:

(i) Double Black Diamond Offshore Ltd., a Cayman Islands exempted company (“Double Offshore”), with respect to the Common Stock directly held by it;

(ii) Black Diamond Arbitrage Offshore Ltd., a Cayman Islands exempted company (“Arbitrage Offshore”), with respect to the Common Stock directly held by it;

(iii) Delaware Domiciled Single Investor Limited Partnership – 101, a Delaware limited partnership (“SILP” and together with Double Offshore and Arbitrage Offshore, the “Funds”), with respect to the Common Stock directly held by it;

(iv) Carlson Capital, L.P., a Delaware limited partnership (“Carlson Capital”), which serves as the investment manager to the Funds with respect to any shares of Common Stock of the Issuer held by the Funds;

(v) Asgard Investment Corp. II, a Delaware corporation (“Asgard II”), which serves as the general partner of Carlson Capital, with respect to the Common Stock directly held by the Funds; and

(vii) Mr. Clint D. Carlson, a United States citizen (“Mr. Carlson”), who is the sole stockholder of Asgard II and serves as president of Asgard II and Carlson Capital, with respect to the Common Stock directly held by the Funds.

The foregoing persons are hereinafter sometimes collectively referred to as the “Reporting Persons”.

The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein.

Item 2(b).

ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE

The address of the principal business office of each of the Reporting Persons is 2100 McKinney Avenue, Suite 1800, Dallas, Texas 75201.

Item 2(c).

CITIZENSHIP

Carlson Capital and SILP are Delaware limited partnerships. Double Offshore and Arbitrage Offshore are Cayman Islands exempted company or exempted limited partnership. Asgard II is a Delaware corporation. Mr. Carlson is a United States citizen.

Item 2(d).

TITLE OF CLASS OF SECURITIES

Common Stock, par value $0.01 per share (the “Common Stock”).

Item 2(e).

CUSIP No.

377316104

Item 3.

IF THIS STATEMENT IS FILED PURSUANT TO §§ 240.13D-1(B), OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:

(a) ☐ Broker

or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b) ☐ Bank

as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d) ☐ Investment

company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e) ☒ An

investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) ☐ An

employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) ☐ A

parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) ☐

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) ☐ A

church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) ☐ A

non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J).

(k) ☐ Group,

in accordance with § 240.13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

Item 4.

OWNERSHIP

Double Offshore:

(a) Amount beneficially owned: 1,139,092

(b) Percent of class: 2.56%

(ii) Shared power to vote or direct the vote: 1,139,092