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.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Under the Securities Exchange Act of 1934
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Venator Materials PLC
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(Name of Issuer)
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Common Stock
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Title of Class of Securities)
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G9329Z100
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(CUSIP Number)
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December 31, 2023
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(Date of Event Which Requires Filing of this Statement)
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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).
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CUSIP No. G9329Z100
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1
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NAMES OF REPORTING PERSONS
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CVC Credit Partners, LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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0
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6
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SHARED VOTING POWER
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52,194
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7
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SOLE DISPOSITIVE POWER
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0
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8
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SHARED DISPOSITIVE POWER
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52,194
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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52,194
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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6.6%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IA
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CUSIP No. G9329Z100
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1
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NAMES OF REPORTING PERSONS
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CVC Credit Partners U.S. CLO Management LLC
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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0
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6
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SHARED VOTING POWER
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52,194
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7
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SOLE DISPOSITIVE POWER
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0
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8
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SHARED DISPOSITIVE POWER
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52,194
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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52,194
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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6.6%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IA
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CUSIP No. G9329Z100
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1
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NAMES OF REPORTING PERSONS
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CVC Credit Partners Investment Management Limited
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United Kingdom
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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0
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6
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SHARED VOTING POWER
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52,194
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7
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SOLE DISPOSITIVE POWER
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0
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8
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SHARED DISPOSITIVE POWER
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52,194
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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52,194
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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| < div style="font-family: ;text-align: left">☐ |
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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6.6%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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IA
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CUSIP No. G9329Z100
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1
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NAMES OF REPORTING PERSONS
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CVC Credit Partners Group Holding Foundation
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☐
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Jersey
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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0
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6
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SHARED VOTING POWER
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52,194
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7
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SOLE DISPOSITIVE POWER
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0
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8
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SHARED DISPOSITIVE POWER
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52,194
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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|||
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||||
|
10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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|||
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||||
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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6.6%
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||||
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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HC
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| Item 1(a). | Name of Issuer: |
Venator Materials PLC
| Item 1(b). | Address of Issuer's Principal Executive Offices: |
Titanium House, Hanzard Drive, Wynyard Park, Stockton-On-Tees TS22 5FD, United Kingdom
| Item 2(a). | Name of Person Filing: |
Each of the following is herinafter individually referred to as a "Reporting Person" and collectively as the "Reporting Persons."
1. CVC Credit Partners, LLC
2. CVC Credit Partners U.S. CLO Management LLC
3. CVC Credit Partners Investment Management Limited
4. CVC Credit Partners Group Holding Foundation
This statement is filed by CVC Credit Partners, LLC (“CVC Credit US”) on behalf of and jointly with CVC Credit Partners Group Holding Foundation (“CVC Credit Foundation”), CVC Credit Partners
Investment Management Limited (“CVC Credit UK”), and CVC Credit Partners U.S. CLO Management LLC (“CVC Credit CLO Management”, and together with CVC Credit US and CVC Credit UK, the “Advisers”). The Advisers act as investment
advisers to investment vehicles that own shares of common stock in the issuer (the “Reported Securities”).
CVC Credit US is a wholly owned subsidiary of CVC Credit UK. The majority of interests in CVC Credit UK are ultimately held by CVC Credit Foundation. CVC Credit CLO Management is owned by CVC
Credit Partners U.S. CLO Management (Holdings) Limited, CVC Credit Partners U.S. CLO Origination Corporation and CVC Credit Partners U.S. CLO Holdings, LLC. CVC Credit Partners U.S. CLO Holdings, LLC is owned by CVC Credit
US. Each of CVC Credit Part
ners U.S. CLO Management (Holdings) Limited and CVC Credit Partners U.S. CLO Origination Corporation are wholly-owned subsidiaries of CVC Credit Partners Global CLO Management Limited, with the
majority of interests held indirectly by CVC Credit Foundation.
CVC Credit CLO Management and CVC Credit US are each investment advisers registered under Section 203 of the Investment Advisers Act of 1940. CVC Credit UK is registered under Section 203 of
the Investment Advisers Act of 1940 as a relying adviser of CVC Credit US.
No investment vehicle managed by the Advisers has voting or dispositive power over more than 5% of the Reported Securities.
| Item 2(b). | Address of Principal Business Office or, if none, Residence: |
The principal business address of the Reporting Persons 1 and 2 above is 712 5th Avenue, 42nd Floor, New York, NY 10019.
The princpal business address of Reporting Person 3 above is Brettenham House, 9 Savoy Street, London, United Kingdom WC2E 7EG.
The principal business address of Reporting Person 4 above is 22 Grenville Street, St Helier Jersey JE4 8PX.
| Item 2(c). | Citizenship: |
Reporting Persons 1 and 2 are organized under the laws of Delaware, United States.
Repoting Person 3 is organized under the laws of the United Kingdom.
Reporting Person 4 is organized under the laws of Jersey.
| Item 2(d). | Title of Class of Securities: |
Common Shares
| Item 2(e). | CUSIP Number: |
G9329Z100
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Item 3.
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If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or |
240.13d-2(b) or (c), Check Whether the Person Filing Is a(n):
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(a)
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☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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(b)
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☐ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
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(c)
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☐ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
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(d)
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☐ Investment company registered under Section 8 of the Investment
Company Act of 1940 (U.S.C. 80a-8);
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(e)
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☑ An investment adviser in accordance with Section
240.13d-1(b)(1)(ii)(E);
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(f)
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☐ An employee benefit plan or endowment fund in accordance with
Section 240.13d-1(b)(1)(ii)(F);
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(g)
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☑ A parent holding company or control person in accordance with
Section 240.13d-1(b)(1)(ii)(G);
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(h)
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☐ A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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☐ 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);
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| (j) |
☐ A non-U.S. institution in accordance with Section 240.13d-1(b)(1) (ii)(J). |
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| (k) |
☐ Group, in accordance with Section 240.13d-1(b)(1)(ii)(K). |
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| 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. |
| (a) |
Amount beneficially owned:
52,194
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| (b) |
Percent of class:
6.6% based upon 785,692 shares of Common Stock outstanding as of January 9, 2024.
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| (c) | Number of shares as to which the person has: |
| (i) | Sole power to vote or to direct the vote: 0 |
| (ii) | Shared power to vote or to direct the vote: 52,194 |
| (iii) | Sole power to dispose or to direct the disposition of: 0 |
| (iv) | Shared power to dispose or to direct the disposition of: 52,194 |
| Item 5. |
Ownership of Five Percent or Less of a Class.
Not Applicable.
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| 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
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Item 10.
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Certifications.
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or
influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection
with a nomination under § 240.14a-11.
SIGNATURE
RULE 13-d-1(k)(1) AGREEMENT
The undersigned persons agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the securities of the Issuer, and do hereby further agree that said Statement on
Schedule 13G shall be filed on behalf of each of them.
| Date: February 14, 2024 |
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| CVC Credit Partners, LLC |
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By:
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/s/ Anna Spector |
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Name: Anna Spector
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Title: Chief Compliance Officer
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| CVC Credit Partners U.S. CLO Management LLC |
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By:
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/s/ Anna Spector | |
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Name: Anna Spector
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Title: Chief Compliance Officer
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| CVC Credit Partners Investment Management Limited |
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By:
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/s/ Anna Spector | |
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Name: Anna Spector
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Title: Chief Compliance Officer
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| CVC Credit Partners Group Holding Foundation |
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By:
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/s/ Pete Selwyn |
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Name: Pete Selwyn
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Title: Council Member
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Exhibit 1
AGREEMENT
The undersigned hereby agree as follows:
(i) Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and
(ii) Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained
therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.
| Date: February 14, 2024 |
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| CVC Credit Partners, LLC |
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By:
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/s/ Anna Spector | |
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Name: Anna Spector
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Title: Chief Compliance Officer
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| CVC Credit Partners U.S. CLO Management LLC |
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By:
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/s/ Anna Spector | |
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Name: Anna Spector
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Title: Chief Compliance Officer
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| CVC Credit Partners Investment Management Limited |
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By:
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/s/ Anna Spector | |
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Name: Anna Spector
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Title: Chief Compliance Officer
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| CVC Credit Partners Group Holding Foundation |
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By:
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/s/ Pete Selwyn |
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Name: Pete Selwyn
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Title: Council Member
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