Sec Form 13G Filing - OAKTREE CAPITAL MANAGEMENT LP filing for STONEMOR PARTNERS LP (STON) - 2019-10-31

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

 

(Amendment No. 1)*

 

StoneMor Partners L.P.
(Name of Issuer)
 
Common Units Representing Limited Partnership Interests
(Title of Class of Securities)
 
86183Q100
(CUSIP Number)
 
October 30, 2019
(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)
x 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 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. 86183Q100SCHEDULE 13GPage 2 of 17

 

1

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Oaktree Value Equity Holdings, L.P.

 
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a) ¨

(b) ¨

3

SEC USE ONLY

 

 

 
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF

SHARES

BENEFICIALLY OWNED

BY EACH REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

None.

6

SHARED VOTING POWER

 

None.

7

SOLE DISPOSITIVE POWER

 

None.

8

SHARED DISPOSITIVE POWER

 

None.

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0 (1)

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0% (1)

 
12

TYPE OF REPORTING PERSON

 

PN

 
         

(1)Except as otherwise set forth in Item 4, all beneficial ownership amounts herein are as of the date of filing of this Schedule 13G.

 

 

CUSIP No. 86183Q100SCHEDULE 13GPage 3 of 17

  

1

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Oaktree Value Equity Fund GP, L.P.

 
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a) ¨

(b) ¨

3

SEC USE ONLY

 

 

 
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

 

NUMBER OF

SHARES

BENEFICIALLY OWNED

BY EACH REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

None.

6

SHARED VOTING POWER

 

None.

7

SOLE DISPOSITIVE POWER

 

None.

8

SHARED DISPOSITIVE POWER

 

None.

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 
12

TYPE OF REPORTING PERSON

 

PN

 
         

 

 

CUSIP No. 86183Q100SCHEDULE 13GPage 4 of 17

 

1

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Oaktree Value Equity Fund GP Ltd.

 
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a) ¨

(b) ¨

3

SEC USE ONLY

 

 

 
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Cayman Islands

 

NUMBER OF

SHARES

BENEFICIALLY OWNED

BY EACH REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

None.

6

SHARED VOTING POWER

 

None.

7

SOLE DISPOSITIVE POWER

 

None.

8

SHARED DISPOSITIVE POWER

 

None.

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 
12

TYPE OF REPORTING PERSON

 

OO

 
         

 

 

CUSIP No. 86183Q100SCHEDULE 13GPage 5 of 17

 

1

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Oaktree Capital Management, L.P.

 
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a) ¨

(b) ¨

3

SEC USE ONLY

 

 

 
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF

SHARES

BENEFICIALLY OWNED

BY EACH REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

None.

6

SHARED VOTING POWER

 

None.

7

SOLE DISPOSITIVE POWER

 

None.

8

SHARED DISPOSITIVE POWER

 

None.

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 
12

TYPE OF REPORTING PERSON

 

PN

 
         

 

 

CUSIP No. 86183Q100SCHEDULE 13GPage 6 of 17

 

1

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Oaktree Holdings, Inc.

 
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a) ¨

(b) ¨

3

SEC USE ONLY

 

 

 
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF

SHARES

BENEFICIALLY OWNED

BY EACH REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

None.

6

SHARED VOTING POWER

 

None.

7

SOLE DISPOSITIVE POWER

 

None.

8

SHARED DISPOSITIVE POWER

 

None.

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 
12

TYPE OF REPORTING PERSON

 

CO

 
         

 

 

CUSIP No. 86183Q100SCHEDULE 13GPage 7 of 17

 

1

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Oaktree Fund GP I, L.P.

 
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a) ¨

(b) ¨

3

SEC USE ONLY

 

 

 
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF

SHARES

BENEFICIALLY OWNED

BY EACH REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

None.

6

SHARED VOTING POWER

 

None.

7

SOLE DISPOSITIVE POWER

 

None.

8

SHARED DISPOSITIVE POWER

 

None.

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 
12

TYPE OF REPORTING PERSON

 

PN

 
         

 

 

CUSIP No. 86183Q100SCHEDULE 13GPage 8 of 17

 

1

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Oaktree Capital I, L.P.

 
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a) ¨

(b) ¨

3

SEC USE ONLY

 

 

 
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF

SHARES

BENEFICIALLY OWNED

BY EACH REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

None.

6

SHARED VOTING POWER

 

None.

7

SOLE DISPOSITIVE POWER

 

None.

8

SHARED DISPOSITIVE POWER

 

None.

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 
12

TYPE OF REPORTING PERSON

 

PN

 
         

 

 

CUSIP No. 86183Q100SCHEDULE 13GPage 9 of 17

 

1

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

OCM Holdings I, LLC

 
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a) ¨

(b) ¨

3

SEC USE ONLY

 

 

 
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF

SHARES

BENEFICIALLY OWNED

BY EACH REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

None.

6

SHARED VOTING POWER

 

None.

7

SOLE DISPOSITIVE POWER

 

None.

8

SHARED DISPOSITIVE POWER

 

None.

9

AGGREGA TE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 
12

TYPE OF REPORTING PERSON

 

OO

 
         

 

 

CUSIP No. 86183Q100SCHEDULE 13GPage 10 of 17

 

1

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Oaktree Holdings, LLC

 
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a) ¨

(b) ¨

3

SEC USE ONLY

 

 

 
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF

SHARES

BENEFICIALLY OWNED

BY EACH REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

None.

6

SHARED VOTING POWER

 

None.

7

SOLE DISPOSITIVE POWER

 

None.

8

SHARED DISPOSITIVE POWER

 

None.

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 
12

TYPE OF REPORTING PERSON

 

OO

 
         

 

 

CUSIP No. 86183Q100SCHEDULE 13GPage 11 of 17

 

1

NAME OF REPORTING PERSON OR

I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

Oaktree Capital Group, LLC

 
2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

 

(a) ¨

(b) ¨

3

SEC USE ONLY

 

 

 
4

CITIZENSHIP OR PLACE OF ORGANIZATION

 

Delaware

 

NUMBER OF

SHARES

BENEFICIALLY OWNED

BY EACH REPORTING

PERSON

WITH

5

SOLE VOTING POWER

 

None.

6

SHARED VOTING POWER

 

None.

7

SOLE DISPOSITIVE POWER

 

None.

8

SHARED DISPOSITIVE POWER

 

None.

9

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

0

 
10

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

 

¨
11

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

0.0%

 
12

TYPE OF REPORTING PERSON

 

OO

 
         

 

 

CUSIP No. 86183Q100SCHEDULE 13GPage 12 of 17

 

ITEM 1. (a) Name of Issuer:
    StoneMor Partners L.P. (the “Issuer”)
     
  (b) Address of Issuer’s Principal Executive Offices:
   

3600 Horizon Boulevard,

Trevose, Pennsylvania, 19053

   
ITEM 2.

(a)

 

-  (c) Name of Person Filing; Address of Principal Business Office; and Citizenship
   

This Schedule 13G is filed jointly by each of the following persons (collectively, the “Reporting Persons”) pursuant to a joint filing agreement incorporated by reference to Exhibit 1:

 

(1) Oaktree Value Equity Holdings, L.P., a Delaware limited partnership (“VE Holdings”), in its capacity as the former direct owner of common units;

(2) Oaktree Value Equity Fund GP, L.P., a Cayman Islands exempted limited partnership (“VEF GP”), in its capacity as the general partner of VE Holdings;

(3) Oaktree Value Equity Fund GP Ltd., a Cayman Islands exempted company (“VEF Ltd.”), in its capacity as the general partner of VEF GP;

(4) Oaktree Capital Management, L.P., a Delaware limited partnership (“Management”), in its capacity as the sole director of VEF Ltd.;

(5) Oaktree Holdings, Inc., a Delaware corporation (“Holdings”), in its capacity as the general partner of Management;

(6) Oaktree Fund GP I, L.P., a Delaware limited partnership (“GP I”), in its capacity as sole shareholder of VEF Ltd.;

(7) Oaktree Capital I, L.P., a Delaware limited partnership (“Capital I”), in its capacity as the general partner of GP I;

(8) OCM Holdings I, LLC, a Delaware limited liability company (“Holdings I”), in its capacity as the general partner of Capital I;

(9) Oaktree Holdings, LLC, a Delaware limited liability company (“Holdings LLC”) in its capacity as the managing member of Holdings I; and

(10) Oaktree Capital Group, LLC, a Delaware limited liability company (“OCG”), in its capacity as the sole shareholder of Holdings and the managing member of Holdings LLC.

 

The principal business address of each of the Reporting Persons is c/o Oaktree Capital Group Holdings GP, LLC, 333 South Grand Avenue, 28th Floor, Los Angeles, CA 90071.

     
  (d) Title of Class of Securities:
   

 

Common Units Representing Limited Partnership Interests (“Common Units”)

     
  (e) CUSIP Number: 86183Q100

 

 

CUSIP No. 86183Q100SCHEDULE 13GPage 13 of 17

 

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SS.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)
  (c) ¨ Insurance 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 ss.240.13d-1(b)(1)(ii)(E)
  (f) ¨ An employee benefit plan or endowment fund in accordance with ss.240.13d-1(b)(1)(ii)(F);
  (g) ¨ A Parent holding company or control person in accordance with ss.240.13d-1(b)(1)(ii)(G);
  (h) ¨ A savings associations 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) ¨ Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).

 

 

CUSIP No. 86183Q100SCHEDULE 13GPage 14 of 17

 

ITEM 4. OWNERSHIP
   
  As of October 29, 2019, VE Holdings directly held 3,950,660 common units representing limited partnership interests of the Issuer (“Units”).  VE Holdings disposed of its remaining Units in a series of transactions on October 31, 2019, and the Reporting Persons ceased to beneficially own any Units.  The responses of the Reporting Persons to Rows 5, 6, 7, 8, 9 and 11 in each of their respective cover pages to this Schedule 13G are hereby incorporated by reference into this Item 4.
   
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
   
 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. x 

   
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
   
  Not applicable.
   
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
   
  Not applicable.
   
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
   
  Not applicable.
   
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
   
  Not applicable.
   
ITEM 10. CERTIFICATIONS.
   
  Not applicable.

 

 

CUSIP No. 86183Q100SCHEDULE 13GPage 15 of 17

 

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. 

 

Dated: October 31, 2019

 

  OAKTREE VALUE EQUITY HOLDINGS, L.P.  
       
  By: Oaktree Value Equity Fund GP, L.P.  
  Its: General Partner  
       
  By: Oaktree Value Equity Fund GP, Ltd.  
  Its: General Partner  
       
  By: Oaktree Capital Management, L.P.  
  Its: Director  
       
  By: /s/ Jordan Mikes  
  Name: Jordan Mikes  
  Title: Senior Vice President  
       
       
  OAKTREE VALUE EQUITY FUND GP, L.P.  
       
  By: Oaktree Value Equity Fund GP, Ltd.  
  Its: General Partner  
       
  By: Oaktree Capital Management, L.P.  
  Its: Director  
       
  By: /s/ Jordan Mikes  
  Name: Jordan Mikes  
  Title: Senior Vice President  
       
       
  OAKTREE VALUE EQUITY FUND GP LTD.  
       
  By: Oaktree Capital Management, L.P.  
  Its: Director  
       
  By: /s/ Jordan Mikes  
  Name: Jordan Mikes  
  Title: Senior Vice President  

 

 

CUSIP No. 86183Q100SCHEDULE 13GPage 16 of 17

 

  OAKTREE CAPITAL MANAGEMENT, L.P.  
       
  By: /s/ Jordan Mikes  
  Name: Jordan Mikes  
  Title: Senior Vice President  
       
       
  OAKTREE HOLDINGS, INC.  
       
  By: /s/ Jordan Mikes  
  Name: Jordan Mikes  
  Title: Senior Vice President  
       
       
  OAKTREE FUND GP I, L.P.  
     
       
  By: /s/ Jordan Mikes  
  Name: Jordan Mikes  
  Title: Authorized Signatory  
       
       
  OAKTREE CAPITAL I, L.P.  
       
       
  By: /s/ Jordan Mikes  
  Name: Jordan Mikes  
  Title: Senior Vice President  
       
       
  OCM HOLDINGS I, LLC  
       
  By: /s/ Jordan Mikes  
  Name: Jordan Mikes  
  Title: Senior Vice President  
       
       
  OAKTREE HOLDINGS, LLC  
       
  By: /s/ Jordan Mikes  
  Name: Jordan Mikes  
  Title: Senior Vice President  

 

 

CUSIP No. 86183Q100SCHEDULE 13GPage 17 of 17

 

  OAKTREE CAPITAL GROUP, LLC  
       
  By: /s/ Jordan Mikes  
  Name: Jordan Mikes  
  Title: Senior Vice President