If the filing person has
previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of sections
240.13d-1(e),
240.13d-1(f)
or
140.13d-1(g),
check the following box. ☐
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. 09069N108 (Common Stock)
|
|
|
|
|
|
|
1.
|
|
Names of Reporting Persons.
Coliseum Capital Management, LLC
|
2.
|
|
Check the Appropriate Box
if a Member of a Group (See Instructions)
(a) ☐ (b) ☒
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See
Instructions)
AF
|
5.
|
|
Check if Disclosure of
Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
☐
|
6.
|
|
Citizenship or Place of
Organization
Delaware
|
|
|
|
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
|
|
7.
|
|
Sole Voting Power
0
|
|
8.
|
|
Shared Voting Power
24,558,858 (1)
|
|
9.
|
|
Sole Dispositive Power
0
|
|
10.
|
|
Shared Dispositive Power
24,558,858
(1)
|
|
|
|
|
|
|
|
11.
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
24,558,858 (1)
|
12.
|
|
Check if the Aggregate
Amount in Row (11) Excludes Certain Shares (See Instructions)
☐
|
13.
|
|
Percent of
Class Represented by Amount in Row (11)
16.4% (1)
|
14.
|
|
Type of Reporting Person
(See Instructions)
IA
|
(1)
|
Includes (a) 1,888,991 shares of common stock, $0.0001 par value per share (the
Common
Shares
), (b) 330,227 Common Shares that could be obtained upon conversion of 10,823 shares of Series A Convertible Preferred Stock, par value $0.0001 per share at a conversion price of $5.17 per share (the
Series A Preferred
Shares
), (c) 18,739,640 Common Shares that could be obtained upon conversion of 614,177 shares of Series C Convertible Preferred Stock, par value $0.0001 per share at a conversion price of $5.17 per share (the
Series C Preferred
Shares
), (d) 1,800,000 Common Shares that could be obtained upon conversion of 1,800,000 Class A warrants to purchase Common Shares at a price of $5.17
per share (the
Class
A Warrants
), and
(e) 1,800,000 Common Shares that could be obtained upon conversion of 1,800,000 Class B warrants to purchase Common Shares at a price of $6.45 per share (the
Class
B Warrants
and, together with the
Class A Warrants, the
Warrants
).
|
Page 2 of 11
CUSIP No. 09069N108 (Common Stock)
|
|
|
|
|
|
|
1.
|
|
Names of Reporting Persons.
Coliseum Capital, LLC
|
2.
|
|
Check the Appropriate Box
if a Member of a Group (See Instructions)
(a) ☐ (b) ☒
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See
Instructions)
AF
|
5.
|
|
Check if Disclosure of
Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
☐
|
6.
|
|
Citizenship or Place of
Organization
Delaware
|
|
|
|
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
|
|
7.
|
|
Sole Voting Power
|
|
8.
|
|
Shared Voting Power
18,893,609 (1)
|
|
9.
|
|
Sole Dispositive Power
0
|
|
10.
|
|
Shared Dispositive Power
18,893,609
(1)
|
|
|
|
|
|
|
|
11.
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
18,893,609 (1)
|
12.
|
|
Check if the Aggregate
Amount in Row (11) Excludes Certain Shares (See Instructions)
☐
|
13.
|
|
Percent of
Class Represented by Amount in Row (11)
13.0% (1)
|
14.
|
|
Type of Reporting Person
(See Instructions)
OO
|
(1)
|
Includes (a) 1,428,272 Common Shares, (b) 254,406 Common Shares that could be obtained upon conversion of 8,338
Series A Preferred Shares, (c) 14,437,417 Common Shares that could be obtained upon conversion of 473,175 Series C Preferred Shares, (d) 1,386,757 Common Shares that could be obtained upon conversion of 1,386,757 Class A Warrants, and (e)
1,386,757 Common Shares that could be obtained upon conversion of 1,386,757 Class B Warrants.
|
Page 3 of 11
CUSIP No. 09069N108 (Common Stock)
|
|
|
|
|
|
|
1.
|
|
Names of Reporting Persons.
Coliseum Capital Partners, L.P.
|
2.
|
|
Check the Appropriate Box
if a Member of a Group (See Instructions)
(a) ☐ (b) ☒
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See
Instructions)
WC
|
5.
|
|
Check if Disclosure of
Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
☐
|
6.
|
|
Citizenship or Place of
Organization
Delaware
|
|
|
|
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
|
|
7.
|
|
Sole Voting Power
0
|
|
8.
|
|
Shared Voting Power
15,439,119 (1)
|
|
9.
|
|
Sole Dispositive Power
0
|
|
10.
|
|
Shared Dispositive Power
15,439,119
(1)
|
|
|
|
|
|
|
|
11.
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
15,439,119 (1)
|
12.
|
|
Check if the Aggregate
Amount in Row (11) Excludes Certain Shares (See Instructions)
☐
|
13.
|
|
Percent of
Class Represented by Amount in Row (11)
10.9% (1)
|
14.
|
|
Type of Reporting Person
(See Instructions)
PN
|
(1)
|
Includes (a) 1,167,330 Common Shares, (b) 207,876 Common Shares that could be obtained upon conversion of 6,813
Series A Preferred Shares, (c) 11,797,537 Common Shares that could be obtained upon conversion of 386,655 Series C Preferred Shares, (d) 1,133,188 Common Shares that could be obtained upon conversion of 1,133,188 Class A Warrants, and (e)
1,133,188 Common Shares that could be obtained upon conversion of 1,133,188 Class B Warrants.
|
Page 4 of 11
CUSIP No. 09069N108 (Common Stock)
|
|
|
|
|
|
|
1.
|
|
Names of Reporting Persons.
Coliseum Capital Partners II, L.P.
|
2.
|
|
Check the Appropriate Box
if a Member of a Group (See Instructions)
(a) ☐ (b) ☒
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See
Instructions)
WC
|
5.
|
|
Check if Disclosure of
Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
☐
|
6.
|
|
Citizenship or Place of
Organization
Delaware
|
|
|
|
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
|
|
7.
|
|
Sole Voting Power
0
|
|
8.
|
|
Shared Voting Power
3,454,490 (1)
|
|
9.
|
|
Sole Dispositive Power
0
|
|
10.
|
|
Shared Dispositive Power
3,454,490
(1)
|
|
|
|
|
|
|
|
11.
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
3,454,490 (1)
|
12.
|
|
Check if the Aggregate
Amount in Row (11) Excludes Certain Shares (See Instructions)
☐
|
13.
|
|
Percent of
Class Represented by Amount in Row (11)
2.6% (1)
|
14.
|
|
Type of Reporting Person
(See Instructions)
PN
|
(1)
|
Includes (a) 260,942 Common Shares, (b) 46,530 Common Shares that could be obtained upon conversion of 1,525
Series A Preferred Shares, (c) 2,639,880 Common Shares that could be obtained upon conversion of 86,520 Series C Preferred Shares, (d) 253,569 Common Shares that could be obtained upon conversion of 253,569 Class A Warrants, and
(e) 253,569 Common Shares that could be obtained upon conversion of 253,569 Class B Warrants.
|
Page 5 of 11
CUSIP No. 09069N108 (Common Stock)
|
|
|
|
|
|
|
1.
|
|
Names of Reporting Persons.
Adam Gray
|
2.
|
|
Check the Appropriate Box
if a Member of a Group (See Instructions)
(a) ☐ (b) ☒
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See
Instructions)
AF
|
5.
|
|
Check if Disclosure of
Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
☐
|
6.
|
|
Citizenship or Place of
Organization
United
States
|
|
|
|
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
|
|
7.
|
|
Sole Voting Power
0
|
|
8.
|
|
Shared Voting Power
24,558,858 (1)
|
|
9.
|
|
Sole Dispositive Power
0
|
|
10.
|
|
Shared Dispositive Power
24,558,858
(1)
|
|
|
|
|
|
|
|
11.
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
24,558,858 (1)
|
12.
|
|
Check if the Aggregate
Amount in Row (11) Excludes Certain Shares (See Instructions)
☐
|
13.
|
|
Percent of
Class Represented by Amount in Row (11)
16.4% (1)
|
14.
|
|
Type of Reporting Person
(See Instructions)
IN
|
(1)
|
Includes (a) 1,888,991 Common Shares, (b) 330,227 Common Shares that could be obtained upon conversion of
10,823 shares of Series A Convertible Preferred Stock, (c) 18,739,640 Common Shares that could be obtained upon conversion of 614,177 shares of Series C Convertible Preferred Stock, (d) 1,800,000 Common Shares that could be obtained upon conversion
of 1,800,000 Class A Warrants, and (e) 1,800,000 Common Shares that could be obtained upon conversion of 1,800,000 Class B Warrants.
|
Page 6 of 11
CUSIP No. 09069N108 (Common Stock)
|
|
|
|
|
|
|
1.
|
|
Names of Reporting Persons.
Christopher Shackelton
|
2.
|
|
Check the Appropriate Box
if a Member of a Group (See Instructions)
(a) ☐ (b) ☒
|
3.
|
|
SEC Use Only
|
4.
|
|
Source of Funds (See
Instructions)
AF
|
5.
|
|
Check if Disclosure of
Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)
☐
|
6.
|
|
Citizenship or Place of
Organization
United
States
|
|
|
|
|
|
|
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person
With
|
|
7.
|
|
Sole Voting Power
0
|
|
8.
|
|
Shared Voting Power
24,558,858 (1)
|
|
9.
|
|
Sole Dispositive Power
0
|
|
10.
|
|
Shared Dispositive Power
24,558,858
(1)
|
|
|
|
|
|
|
|
11.
|
|
Aggregate Amount Beneficially Owned by Each Reporting Person
24,558,858 (1)
|
12.
|
|
Check if the Aggregate
Amount in Row (11) Excludes Certain Shares (See Instructions)
☐
|
13.
|
|
Percent of
Class Represented by Amount in Row (11)
16.4% (1)
|
14.
|
|
Type of Reporting Person
(See Instructions)
IN
|
(1)
|
Includes (a) 1,888,991 Common Shares, (b) 330,227 Common Shares that could be obtained upon conversion of
10,823 shares of Series A Convertible Preferred Stock, (c) 18,739,640 Common Shares that could be obtained upon conversion of 614,177 shares of Series C Convertible Preferred Stock, (d) 1,800,000 Common Shares that could be obtained upon conversion
of 1,800,000 Class A Warrants, and (e) 1,800,000 Common Shares that could be obtained upon conversion of 1,800,000 Class B Warrants.
|
Page 7 of 11
CUSIP No. 09069N108 (Common Stock)
Explanatory Note:
This Amendment No. 7 (this
Amendment
) to the Schedule 13D
relating to BioScrip, Inc., a Delaware corporation (the
Issuer
), filed by the Filers (as defined below) with the U.S. Securities and Exchange Commission (the
Commission
) on March 19, 2015 (the
Initial 13D
), as amended and supplemented by Amendment No. 1 to the Initial 13D filed on August 27, 2015, Amendment No. 2 to the Initial 13D filed on April 5, 2016, Amendment No. 3 to the Initial 13D filed
on June 22, 2016, Amendment No. 4 to the Initial 13D filed on August 17, 2017, Amendment No. 5 to the Initial 13D filed on September 7, 2017 and Amendment No. 6 to the Initial 13D filed on January 3, 2019, amends
and supplements certain of the items set forth therein.
As used in this Amendment, the term
Filers
collectively refers to:
|
|
|
Coliseum Capital Management, LLC, a Delaware limited liability company (
CCM
);
|
|
|
|
Coliseum Capital, LLC, a Delaware limited liability company (
CC
);
|
|
|
|
Coliseum Capital Partners, L.P., a Delaware limited partnership (
CCP
);
|
|
|
|
Coliseum Capital Partners II, L.P., a Delaware limited partnership (
CCP2
);
|
|
|
|
Adam Gray (
Gray
); and
|
|
|
|
Christopher Shackelton, a director of the Issuer (
Shackelton
).
|
Item 4. Purpose of Transaction.
Item 4 is
hereby supplemented as follows:
Capitalized terms used herein but not defined herein have the meanings assigned to them in the Initial 13D.
Agreement and Plan of Merger and the Voting Agreement
On March 14, 2019, the Issuer (also referred to herein as
Beta
), Beta Sub, Inc., a Delaware corporation and a direct wholly-owned subsidiary
of Beta (
Merger Sub Inc
.), Beta Sub, LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of Beta (
Merger Sub LLC
), HC Group Holdings I, LLC, a Delaware limited liability company
(Omega Parent), HC Group Holdings II, Inc., a Delaware corporation (
Omega
), and HC Group Holdings III, Inc., a Delaware corporation (Omega III, solely for purposes of Section 7.3(b) of the Merger
Agreement), entered into an Agreement and Plan of Merger (the
Merger Agreement
). Pursuant to the Merger Agreement, and subject to the satisfaction or waiver of the conditions specified therein, Merger Sub Inc. will be merged with
and into Omega (the
First Merger
), with Omega surviving (the
Surviving Corporation
) as a direct wholly-owned subsidiary of Beta and, immediately following the First Merger, the Surviving Corporation will merge
(together with the First Merger, the
Mergers
) with and into Merger Sub LLC, with Merger Sub LLC surviving as a direct wholly-owned subsidiary of Beta.
At the effective time of the First Merger (the
First Merger Effective Time
), all of the shares of common stock, par value $0.01 per share,
of Omega issued and outstanding immediately prior to the First Merger Effective Time (other than the shares that are held in the treasury of Omega or owned, directly or indirectly, by Beta, Merger Sub Inc. or Merger Sub LLC immediately prior to the
First Merger Effective Time) shall thereupon be cancelled and converted into the right of Omega Parent to receive 542,261,567 Common Shares (also referred to herein as
Beta Common Stock
) (as may be adjusted for any stock split,
reverse stock split, recapitalization, reclassification, reorganization, exchange, subdivision or combination). In accordance with the Merger Agreement, at the First Merger Effective Time, Beta shall issue 7,270,095 shares (the
Beta
Escrowed Shares
) of Beta Common Stock to Omega Parent in respect of certain unvested restricted stock units (the
Contingent RSUs
) that may vest upon the Beta Common Stock trading above a certain price in the future (such
issuance, together with the issuance of Beta Common Stock pursuant to the immediately preceding sentence, the
Beta Share Issuance
). To the extent the Contingent RSUs in respect of which Beta Escrowed Shares were issued expire,
such Beta Escrowed Shares will be transferred back to Beta and retired for no consideration. The Merger Agreement also provides that Beta shall be entitled to designate two directors to the Board of Directors of Beta (the
Beta
Board
), while Omega shall designate the remaining eight directors, in each case effective as of the First Merger Effective Time.
Page 8 of 11
CUSIP No. 09069N108 (Common Stock)
The consummation of the Mergers is subject to customary closing conditions set forth in the Merger Agreement,
including, but not limited to, (i) the approval by the Beta stockholders of the Beta Share Issuance, (ii) the approval by the Beta stockholders of the Second Amended and Restated Certificate of Incorporation of Beta (the
Amended and
Restated Beta Charter
), (iii) the approval by the Beta stockholders of an amendment to the Certificate of Designations of Series A Convertible Preferred Stock of Beta (the
Series A COD Amendment
), (iv) the absence of any
order, judgment, order, injunction, rule or decree or other action restraining, enjoining or otherwise prohibiting any of the transactions contemplated by the Merger Agreement, (v) the expiration or termination of the waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 and (vi) subject to certain materiality exceptions, the accuracy of certain representations and warranties of the parties contained in the Merger Agreement and the compliance by the parties with
the covenants contained in the Merger Agreement in all material respects. In addition, Omegas obligation to complete the Mergers is subject to (a) its receipt of a tax opinion to the effect that the Mergers qualify as a
reorganization within the meaning of Section 368(a) of the Internal Revenue Code and (b) the expiration of certain waiting periods under agreements with governmental entities and the receipt of certain licenses or consents from certain
governmental entities (as more fully described in the Merger Agreement). A form of the Amended and Restated Beta Charter and a form of the Series A COD Amendment are attached as exhibits to the Merger Agreement which is attached hereto as
Exhibit
99.8
.
Concurrently with the execution of the Merger Agreement, Omega Parent and Omega entered into a voting agreement (the
Voting
Agreement
) with CCP, CCP2 and the Separate Account in which CCP, CCP2 and the Separate Account have agreed, among other things and subject to the terms and conditions of the Voting Agreement, (a) to vote the shares of Beta Common Stock and
other securities of Beta, they beneficially own, in favor of the Beta Share Issuance, the Amended and Restated Beta Charter and the Beta Series A COD Amendment and (b) to not, directly or indirectly, (i) sell, assign, transfer, tender, convert,
exchange or otherwise dispose of or encumber any of the shares of Beta Common Stock they beneficially own or (ii) enter into any contract, option, commitment, or other arrangement or understanding with respect to the direct or indirect sale,
transfer, tender, exchange, assignment, or other disposition or encumbrance of any of the shares of Beta Common Stock they beneficially own.
The
foregoing summary of the Merger Agreement and the Voting Agreement does not purport to be a complete description and is subject to, and qualified in its entirety by, the full text of the Merger Agreement and the Voting Agreement, respectively, which
are attached as
Exhibits 99.8
and
99.9
, respectively, to this Amendment and are incorporated herein by reference.
Preferred Stock
Repurchase Agreement
On March 14, 2019, in connection with the Mergers, Beta entered into a Preferred Stock Repurchase Agreement (the
Preferred Repurchase Agreement
) with CCP, CCP2 and the Separate Account, pursuant to which Beta has agreed to repurchase from CCP, CCP2 and the Separate Account all 614,177 of the issued and outstanding Series C Convertible
Preferred Stock, par value $0.0001 per share, of Beta (the
Series C Preferred Shares
), immediately following, and conditioned upon, the consummation of the Mergers (the
Repurchase Closing
). Pursuant to the
Preferred Repurchase Agreement, each holder of Series C Preferred Shares has agreed to sell each Series C Preferred Share held by it to Beta for (i) an amount in cash equal to 120% of the Liquidation Preference (as defined in the Certificate of
Designations of Series C Convertible Preferred Stock of Beta) per preferred share, determined as of the date of the Repurchase Closing (including any dividends accrued through such date) and (ii) 2.5226 fully paid, validly issued and non-assessable
shares of Beta Common Stock, per preferred share (such Common Stock, the
Repurchase Shares
). If the Merger Agreement is terminated in accordance with its terms, the Preferred Repurchase Agreement shall terminate automatically. In
addition, each of CCP, CCP2 and the Separate Account agreed to not to, and to cause its affiliates not to, (i) directly or indirectly, sell, transfer, assign, pledge, tender, convert, exchange or encumber or otherwise dispose of any of the Series C
Preferred Shares or (ii) exercise its right to convert the Series C Preferred Shares into shares of Beta Common Stock.
In connection with the Mergers,
the Board has approved the Series A COD Amendment which is subject to the approval of the Beta stockholders. Pursuant to the Series A COD Amendment, immediately following the effectiveness of the Mergers without any further action on the part of the
Corporation or any stockholder thereof, (i) (A) four one-hundredths (4/100) of each share of Series A Preferred Stock issued by the Corporation on March 9, 2015 then issued and outstanding shall automatically be converted into 2.5226 shares of
Common Stock and (B) four one-hundredths (4/100) of each share of Series A Preferred Stock issued by the Corporation on July 29, 2015 then issued and outstanding shall automatically be converted into 2.4138 shares of Common Stock and (ii) the
remaining portion of all Series A Preferred Stock (constituting ninety-six one-hundredths (96/100) of each share of Series A Preferred Stock subject to conversion pursuant to the immediately preceding clause (i)) shall be redeemed, to the extent of
funds lawfully available therefor, for an amount in cash equal to 120% of the Liquidation Preference of such share of Series A Preferred Stock as of the Redemption Date (including any dividends accrued through such date).
The foregoing summary of the Preferred Repurchase Agreement and the Series A COD Amendment does not purport to be a complete description and is subject to,
and qualified in its entirety by, the full text of the Preferred Stock Repurchase Agreement and the Series A COD Amendment, which are attached as
Exhibit 99.10
to this Amendment and
Exhibit I
to the Merger Agreement (which is
attached hereto as
Exhibit 99.8
), respectively, and are incorporated herein by reference.
Page 9 of 11
CUSIP No. 09069N108 (Common Stock)
General
The Filers acquired the securities reported herein (the
Securities
) for investment purposes, and such purposes were made in the Filers
ordinary course of business. In pursuing such investment purposes, the Filers may further purchase, hold, vote, trade, dispose or otherwise deal in the Securities at times, and in such manner (including pursuant to hedging transactions), as they
deem advisable to benefit from changes in market prices of the Common Shares, changes in the Issuers operations, business strategy or prospects, or from a sale or merger of the Issuer. To evaluate such alternatives, the Filers routinely will
monitor the Issuers operations, prospects, business development, management, competitive and strategic matters, capital structure, and prevailing market conditions, as well as alternative investment opportunities, liquidity requirements of the
Filers and other investment considerations. Consistent with their investment research methods and evaluation criteria, the Filers may discuss such matters with management or directors of the Issuer, other shareholders, industry analysts, existing or
potential strategic partners or competitors, investment and financing professionals, sources of credit and other investors. Such factors and discussions may materially affect, and result in, the Filers modifying their ownership of the
Securities, exchanging information with the Issuer pursuant to appropriate confidentiality or similar agreements, proposing changes in the Issuers operations, governance or capitalization, or in proposing one or more of the other actions
described in paragraphs (a) through (j) of Item 4 of Schedule 13D. The Filers reserve the right to formulate other plans and/or make other proposals, and take such actions with respect to their investment in the Issuer, including any or all of
the actions set forth in paragraphs (a) through (j) of Item 4 of Schedule 13D, or acquire additional securities of the Issuer or dispose of all Securities beneficially owned by them, in public market or privately negotiated transactions. The
Filers may at any time reconsider and change their plans or proposals relating to the foregoing.
Item 5. Interest in Securities of the Issuer.
Item 5 is hereby amended and supplemented as follows:
The information relating to the beneficial ownership of the Common Shares of the Issuer by each of the Filers set forth in Rows 7 through 13 of the cover pages
hereto is incorporated herein by reference. The percentages set forth in Row 13 for all cover pages filed herewith are calculated based upon 128,155,291 Common Shares outstanding as of March 7, 2019, as reported in the Issuers Form
10-K
for the annual period ended December 31, 2018 filed with the Commission on March 15, 2019.
The Filers
have not effected transactions in the Common Shares in open market transactions in the sixty days preceding the filing of this Amendment.
Except as set
forth in Item 6 hereof, no other person has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Shares, the Series A Preferred Shares, the Series C Preferred Shares or the Warrants
reported herein.
The information in Item 6 is incorporated herein by reference.
Item 6. Contracts, Arrangement, Understandings or Relationships with Respect to Securities of the Issuer.
Item 6 is hereby amended and supplemented as follows:
CCM is an
investment adviser whose clients, including CCP, CCP2 and the Separate Account, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Shares, the Preferred Shares and the
Warrants. CC is the general partner of CCP and CCP2. Gray and Shackelton are the managers of CC and CCM. CCM may have the right to receive performance-related fees from the Separate Account and CC may have the right to receive performance-related
fees from CCP and CCP2.
Page 10 of 11
CUSIP No. 09069N108 (Common Stock)
Item 7. Material to Be Filed as Exhibits.
Item 7 is hereby supplemented as follows:
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Exhibit
No.
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Description
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99.8
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Agreement and Plan of Merger, dated as of March 14, 2019, by and among the Issuer, Beta Sub, Inc., Beta Sub, LLC, HC Group Holdings I, LLC, HC Group Holdings II, Inc. and HC Group Holdings III, Inc. (incorporated by reference
to Exhibit 2.1 to the Issuers Current Report on Form
8-K
filed with the SEC on March 15, 2019)
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99.9
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Voting Agreement, dated as of March 14, 2019, by and among HC Group Holdings I, LLC, HC Group Holdings II, Inc. and the holders of Common Shares or other securities of the Issuer signatory thereto
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99.10
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Preferred Stock Repurchase Agreement, dated March 14, 2019, by and among the Issuer, CCP, CCP2 and the Separate Account (incorporated by reference to Exhibit 10.1 to the Issuers Current Report on Form
8-K
filed with the SEC on March 15, 2019)
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SIGNATURES
After reasonable inquiry and to the best of my knowledge, I certify that the information set forth in this statement is true, complete and correct.
Dated: March 18, 2019
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COLISEUM CAPITAL MANAGEMENT, LLC
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COLISEUM CAPITAL, LLC
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By:
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/s/ Chivonne Cassar
Chivonne Cassar,
Attorney-in-fact
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By:
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/s/ Chivonne Cassar
Chivonne Cassar,
Attorney-in-fact
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COLISEUM CAPITAL PARTNERS, L.P.
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COLISEUM CAPITAL PARTNERS II, L.P.
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By:
By:
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Coliseum Capital, LLC, General Partner
/s/ Chivonne Cassar
Chivonne
Cassar,
Attorney-in-fact
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By:
By:
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Coliseum Capital, LLC, General Partner
/s/ Chivonne Cassar
Chivonne
Cassar,
Attorney-in-fact
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CHRISTOPHER SHACKELTON
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ADAM GRAY
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By:
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/s/ Chivonne Cassar
Chivonne Cassar,
Attorney-in-fact
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By:
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/s/ Chivonne Cassar
Chivonne Cassar,
Attorney-in-fact
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Page 11 of 11