Sec Form 13G Filing - Centerbridge Associates III L.P. filing for GoHealth Inc. (GOCO) - 2021-02-04

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
What is insider trading>>

 

 

United States

Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.    )*

 

 

GoHealth, Inc.

(Name of Issuer)

Class A Common Stock, $0.0001 par value per share

(Title of Class of Securities)

38046W105

(CUSIP Number)

December 31, 2020

(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. 38046W105    Schedule 13G    Page 1 of 12

 

  1     

  Names of Reporting Persons

 

  CCP III Cayman 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

 

  0

     6      

  Shared Voting Power

 

  121,475,638

     7      

  Sole Dispositive Power

 

  0

     8      

  Shared Dispositive Power

 

  121,475,638

< /tr>
  9     

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  121,475,638

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  73.6%

12  

  Type of Reporting Person

 

  OO


CUSIP No. 38046W105    Schedule 13G    Page 2 of 12

 

  1     

  Names of Reporting Persons

 

  Centerbridge Associates III, 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

 

  0

     6      

  Shared Voting Power

 

  40,682,961

     7      

  Sole Dispositive Power

 

  0

     8      

  Shared Dispositive Power

 

  40,682,961

  9     

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  40,682,961

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  48.3%

12  

  Type of Reporting Person

 

  PN


CUSIP No. 38046W105    Schedule 13G    Page 3 of 12

 

  1     

  Names of Reporting Persons

 

  CCP III AIV VII 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

 

  0

     6      

  Shared Voting Power

 

  23,129,333

     7      

  Sole Dispositive Power

 

  0

     8      

  Shared Dispositive Power

 

  23,129,333

  9     

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  23,129,333

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  27.5%

12  

  Type of Reporting Person

 

  PN


CUSIP No. 38046W105    Schedule 13G    Page 4 of 12

 

  1     

  Names of Reporting Persons

 

  CB Blizzard Co-Invest 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

 

  0

     6      

  Shared Voting Power

 

  17,553,628

     7      

  Sole Dispositive Power

 

  0

     8      

  Shared Dispositive Power

 

  17,553,628

  9     

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  17,553,628

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  20.9%

12  

  Type of Reporting Person

 

  PN


CUSIP No. 38046W105    Schedule 13G    Page 5 of 12

 

  1     

  Names of Reporting Persons

 

  Blizzard Aggregator, 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

 

  0

     6      

  Shared Voting Power

 

  80,792,677

     7      

  Sole Dispositive Power

 

  0

     8      

  Shared Dispositive Power

 

  80,792,677

  9     

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  80,792,677

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  49.0%

12  

  Type of Reporting Person

 

  OO (Limited Liability Company)


CUSIP No. 38046W105    Schedule 13G    Page 6 of 12

 

  1     

  Names of Reporting Persons

 

  Jeffrey Aronson

  2  

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☐

 

  3  

  SEC Use Only

 

  4  

  Citizenship or Place of Organization

 

  United States

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

     5      

  Sole Voting Power

 

  0

     6      

  Shared Voting Power

 

  121,475,638

     7      

  Sole Dispositive Power

 

  0

     8      

  Shared Dispositive Power

 

  121,475,638

  9     

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  121,475,638

10  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

  Not Applicable

11  

  Percent of Class Represented by Amount in Row 9

 

  73.6%

12  

  Type of Reporting Person

 

  IN


CUSIP No. 38046W105    Schedule 13G    Page 7 of 12

 

ITEM 1.

(a)    Name of Issuer:

GoHealth, Inc. (the “Issuer”).

 

  (b)

Address of Issuer’s Principal Executive Offices:

214 West Huron St., Chicago, Illinois, 60654.

 

ITEM 2.

(a)    Name of Person Filing:

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

 

CCP III Cayman GP Ltd. (“CCP GP”);

Centerbridge Associates III, L.P. (“Centerbridge Associates”);

CCP III AIV VII Holdings, L.P. (“CCP III”);

CB Blizzard Co-Invest Holdings, L.P. (“CB Blizzard”);

Blizzard Aggregator, LLC (“Blizzard Aggregator”); and

Jeffrey Aronson.

 

  (b)

Address of Principal Business Office:

The principal business address of the Reporting Persons is 375 Park Avenue, 11th Floor, New York, New York 10152.

 

  (c)

Citizenship of each Reporting Person is:

CCP GP is organized under the laws of the Cayman Islands. Mr. Aronson is a citizen of the United States. Each of the other Reporting Persons is organized under the laws of the State of Delaware.

 

  (d)

Title of Class of Securities:

Class A Common Stock, $0.0001 par value per share (“Class A Common Stock”).

 

  (e)

CUSIP Number:

38046W105

 

ITEM 3.

Not applicable.

 

ITEM 4.

Ownership.

(a-c)


CUSIP No. 38046W105    Schedule 13G    Page 8 of 12

 

The ownership information presented below represents beneficial ownership of Class A Common Stock of the Issuer as of December 31, 2020 based upon 84,182,961 shares of Class A Common Stock outstanding as of November 6, 2020 as reported in the quarterly report on Form 10-Q filed with the Securities and Exchange Commission on November 13, 2020 and assumes the redemption of the LLC Interests held of record by Blizzard Aggregator as of the date hereof. The LLC Interests may be redeemed at any time for shares of Class A Common Stock on a one-to-one basis.

 

Reporting Person   

Amount

beneficially

owned

    

Percent

of class:

    Sole
power
to vote
or to
direct
the vote:
     Shared
power to
vote or to
direct the
vote:
    

Sole
power to
dispose or
to direct
the
disposition

of:

    

Shared

power to

dispose or

to direct

the

disposition

of:

 

CCP III Cayman GP Ltd.

     121,475,638   &#x A0;    73.6     0        121,475,638        0        121,475,638  

Centerbridge Associates III, L.P.

     40,682,961        48.3     0        40,682,961        0        40,682,961  

CCP III AIV VII Holdings, L.P.

     23,129,333        27.5     0        23,129,333        0        23,129,333  

CB Blizzard Co-Invest Holdings, L.P.

     17,553,628        20.9     0        17,553,628        0        17,553,628  

Blizzard Aggregator, LLC

     80,792,677        49.0     0        80,792,677        0        80,792,677  

Jeffrey Aronson

     121,475,638        73.6     0        121,475,638        0        121,475,638  

CCP III is the record holder of 23,129,333 shares of Class A Common Stock. CB Blizzard is the record holder of 17,553,628 shares of Class A Common Stock. Blizzard Aggregator is the record holder of 80,792,677 LLC Interests.

CCP GP is the general partner of Centerbridge Associates, which is the general partner of each of CCP III and CB Blizzard. As a result, each of CCP GP and Centerbridge Associates may be deemed to share beneficial ownership of the Class A Common Stock held by CCP III and CB Blizzard. CCP GP is also the sole manager of Blizzard Aggregator and may be deemed to share beneficial ownership of the LLC Interests held by Blizzard Aggregator. Mark T. Gallogly retired from Centerbridge Partners, L.P. effective December 7, 2020. Jeffrey H. Aronson is the sole director of CCP GP and, as a result, may be deemed to beneficially own the securities held by each of CCP III, CB Blizzard and Blizzard Aggregator. However, none of the foregoing should be construed in and of itself as an admission by Mr. Aronson or by any Reporting Person as to beneficial ownership of securities owned by another Reporting Person. In addition, Mr. Aronson expressly disclaims beneficial ownership of the shares of Class A Common Stock held by each of CCP III and CB Blizzard, as well as the LLC Interests held by Blizzard Aggregator, except to the extent of any proportionate pecuniary interest therein.

 

ITEM 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

 

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.


CUSIP No. 38046W105    Schedule 13G    Page 9 of 12

 

ITEM 8.

Identification and Classification of Members of the Group.

Not applicable.

 

ITEM 9.

Notice of Dissolution of Group.

Not applicable.

 

ITEM 10.

Certification.

Not applicable.


CUSIP No. 38046W105    Schedule 13G    Page 10 of 12

 

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.

Date:    February 4, 2021

 

CCP III Cayman GP Ltd.
By:   /s/ Susanne V. Clark
Name:   Susanne V. Clark
Title:   Authorized Signatory
Centerbridge Associates III, L.P.
By: CCP III Cayman GP Ltd., its general partner
By:   /s/ Susanne V. Clark
Name:   Susanne V. Clark
Title:   Authorized Signatory
CCP III AIV VII Holdings, L.P.
By: Centerbridge Associates III, L.P., its general partner
By: CCP III Cayman GP Ltd., its general partner
By:   /s/ Susanne V. Clark
Name:   Susanne V. Clark
Title:   Authorized Signatory
CB Blizzard Co-Invest Holdings, L.P.
By: Centerbridge Associates III, L.P., its general partner
By: CCP III Cayman GP Ltd., its general partner
By:   /s/ Susanne V. Clark
Name:   Susanne V. Clark
Title:   Authorized Signatory


CUSIP No. 38046W105    Schedule 13G    Page 11 of 12

 

Blizzard Aggregator, LLC
By: CCP III Cayman GP Ltd., its sole manager
By:   /s/ Susanne V. Clark
Name:   Susanne V. Clark
Title:   Authorized Signatory
Jeffrey H. Aronson
/s/ Jeffrey H. Aronson


CUSIP No. 38046W105    Schedule 13G    Page 12 of 12

 

LIST OF EXHIBITS

 

Exhibit No.

  

Description

99    Joint Filing Agreement.