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)
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CUSIP No. 543881106
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13G/A
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Page 2 of 15
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1
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|
NAME OF
REPORTING PERSONS
Highland Global Allocation Fund
|
2
|
|
CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP*
(a) ☐ (b) ☐
|
3
|
|
SEC USE ONLY
|
4
|
|
CITIZENSHIP OR PLACE OF
ORGANIZATION
Massachusetts
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
5
|
|
SOLE VOTING POWER
77,945**
|
|
6
|
|
SHARED VOTING POWER
0
|
|
7
|
|
SOLE DISPOSITIVE POWER
77,945**
|
|
8
|
|
SHARED DISPOSITIVE POWER
0
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
77,945**
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
|
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
0.4%**
|
12
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TYPE OF REPORTING PERSON*
IV, OO
|
*
|
SEE INSTRUCTIONS BEFORE FILLING OUT
|
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CUSIP No. 543881106
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13G/A
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Page 3 of 15
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1
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|
NAME OF
REPORTING PERSONS
Highland Capital Management Fund Advisors, 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
77,945**
|
|
7
|
|
SOLE DISPOSITIVE POWER
0
|
|
8
|
|
SHARED DISPOSITIVE POWER
77,945**
|
9
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|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
77,945**
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
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|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
0.4%**
|
12
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TYPE OF REPORTING PERSON*
IA, PN
|
*
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SEE INSTRUCTIONS BEFORE FILLING OUT
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CUSIP No. 543881106
|
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13G/A
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Page 4 of 15
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1
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|
NAME OF
REPORTING PERSONS
Strand Advisors XVI, 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
0
|
|
6
|
|
SHARED VOTING POWER
77,945**
|
|
7
|
|
SOLE DISPOSITIVE POWER
0
|
|
8
|
|
SHARED DISPOSITIVE POWER
77,945**
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
77,945**
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
0.4%**
|
12
|
|
TYPE OF REPORTING PERSON*
HC, CO
|
*
|
SEE INSTRUCTIONS BEFORE FILLING OUT
|
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CUSIP No. 543881106
|
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13G/A
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Page 5 of 15
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1
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|
NAME OF
REPORTING PERSONS
NexPoint Credit Strategies Fund
|
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
13,722**
|
|
6
|
|
SHARED VOTING POWER
0
|
|
7
|
|
SOLE DISPOSITIVE POWER
13,722**
|
|
8
|
|
SHARED DISPOSITIVE POWER
0
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,722**
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
0.1%**
|
12
|
|
TYPE OF REPORTING PERSON*
IV, OO
|
*
|
SEE INSTRUCTIONS BEFORE FILLING OUT
|
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CUSIP No. 543881106
|
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13G/A
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Page 6 of 15
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1
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|
NAME OF
REPORTING PERSONS
NexPoint Advisors, 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
13,722**
|
|
7
|
|
SOLE DISPOSITIVE POWER
0
|
|
8
|
|
SHARED DISPOSITIVE POWER
13,722**
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,722**
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
0.1%**
|
12
|
|
TYPE OF REPORTING PERSON*
IA, PN
|
*
|
SEE INSTRUCTIONS BEFORE FILLING OUT
|
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CUSIP No. 543881106
|
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13G/A
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Page 7 of 15
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1
|
|
NAME OF
REPORTING PERSONS
NexPoint Advisors GP, 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
13,722**
|
|
7
|
|
SOLE DISPOSITIVE POWER
0
|
|
8
|
|
SHARED DISPOSITIVE POWER
13,722**
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,722**
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
0.1%**
|
12
|
|
TYPE OF REPORTING PERSON*
HC, OO
|
*
|
SEE INSTRUCTIONS BEFORE FILLING OUT
|
|
|
|
|
|
CUSIP No. 543881106
|
|
13G/A
|
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Page 8 of 15
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|
|
1
|
|
NAME OF
REPORTING PERSONS
Highland 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
686,400**
|
|
6
|
|
SHARED VOTING POWER
1,284,291**
|
|
7
|
|
SOLE DISPOSITIVE POWER
686,400**
|
|
8
|
|
SHARED DISPOSITIVE POWER
1,284,291**
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,970,691**
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
9.2%**
|
12
|
|
TYPE OF REPORTING PERSON*
IA, PN
|
*
|
SEE INSTRUCTIONS BEFORE FILLING OUT
|
|
|
|
|
|
CUSIP No. 543881106
|
|
13G/A
|
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Page 9 of 15
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|
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1
|
|
NAME OF
REPORTING PERSONS
Strand Advisors,
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
0
|
|
6
|
|
SHARED VOTING POWER
1,970,691**
|
|
7
|
|
SOLE DISPOSITIVE POWER
0
|
|
8
|
|
SHARED DISPOSITIVE POWER
1,970,691**
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,970,691**
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
9.2%**
|
12
|
|
TYPE OF REPORTING PERSON*
HC, CO
|
*
|
SEE INSTRUCTIONS BEFORE FILLING OUT
|
|
|
|
|
|
CUSIP No. 543881106
|
|
13G/A
|
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Page 10 of 15
|
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|
|
|
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|
|
1
|
|
NAME OF
REPORTING PERSONS
James D. Dondero
|
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
2,062,358**
|
|
7
|
|
SOLE DISPOSITIVE POWER
0
|
|
8
|
|
SHARED DISPOSITIVE POWER
2,062,358**
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,062,358**
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
9.6%**
|
12
|
|
TYPE OF REPORTING PERSON*
HC, IN
|
*
|
SEE INSTRUCTIONS BEFORE FILLING OUT
|
SCHEDULE 13G/A
This Amendment No. 6 to the Schedule 13G (this Amendment) is being filed on behalf of Highland Global Allocation Fund, a
series of Highland Funds II, a Massachusetts business trust (the Global Fund), Highland Capital Management Fund Advisors, L.P., a Delaware limited partnership (Highland Fund Advisors), Strand Advisors XVI, Inc., a Delaware
corporation (Strand XVI), NexPoint Credit Strategies Fund, a Delaware statutory trust (the Credit Fund), NexPoint Advisors, L.P., a Delaware limited partnership (NexPoint), NexPoint Advisors GP, LLC, a Delaware
limited liability company (NexPoint GP), Highland Capital Management, L.P., a Delaware limited partnership (Highland Capital), Strand Advisors, Inc., a Delaware corporation (Strand), and James D. Dondero
(collectively, the Reporting Persons). This Amendment modifies the original Schedule 13G filed with the Securities and Exchange Commission on October 2, 2012, as subsequently amended on February 14, 2013, as subsequently
amended on February 14, 2014, as subsequently amended on February 17, 2015, as subsequently amended on February 11, 2016, as subsequently amended on February 10, 2017 (collectively, the Original 13G) by the Reporting
Persons.
Brad Ross is the President of Strand XVI, James D. Dondero is the President of NexPoint GP, and James D. Dondero is the
President of Strand and Highland Capital Management Services, Inc., a Delaware corporation (Highland Services). Strand XVI is the general partner of Highland Fund Advisors. Highland Fund Advisors is the investment advisor to the Global
Fund. NexPoint GP is the general partner of NexPoint. NexPoint is the investment advisor to the Credit Fund. Strand is the general partner of Highland Capital. Highland Capital serves, indirectly, as the general partner to a private fund (the
HCM Fund and collectively with the Global Fund and the Credit Fund, the Funds) and the investment advisor to Highland Services. This Amendment relates to the voting common stock, par value $0.01 per share (the Common
Stock), of Loral Space & Communications Inc., a Delaware corporation (the Issuer), held by (i) the Funds (ii) Highland Capital and (iii) Highland Services.
Item 4 of the Original 13G is hereby amended and restated to read as follows:
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(a)
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The Global Fund may be deemed the beneficial owner of 77,945 shares of Common Stock that it holds directly. Highland Fund Advisors, as the investment advisor to the Global Fund, and Strand XVI, as the general partner of
Highland Fund Advisors, may be deemed the beneficial owners of the 77,945 shares of Common Stock held by the Global Fund.
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The Credit Fund may be deemed the beneficial owner of 13,722 shares of Common Stock that it holds directly. NexPoint, as the investment
advisor to the Credit Fund, and NexPoint GP, as the general partner of NexPoint, may be deemed the beneficial owners of the 13,722 shares of Common Stock held by the Credit Fund.
Highland Capital may be deemed the beneficial owner of the 686,400 shares of Common Stock it holds directly. As the indirect general partner
of the HCM Fund and the investment advisor to Highland Services, Highland Capital and Strand, as the general partner of Highland Capital, may be deemed the beneficial owners of the 1,284,291 shares of Common Stock held by the HCM Fund and Highland
Services.
Mr. Dondero may be deemed the beneficial owner of the 2,062,358 shares of Common Stock held
by (i) the Funds (ii) Highland Capital and (iii) Highland Services.
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(b)
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The Global Fund, Highland Fund Advisors and Strand XVI may be deemed the beneficial owners of 0.4% of the outstanding shares of Common Stock held by the Global Fund. This percentage was determined by dividing 77,945,
the number of shares of Common Stock held directly by the Global Fund, by 21,427,078, which is the number of shares of Common Stock outstanding as of November 1, 2017 according to the Issuers Quarterly Report on Form
10-Q
filed with the Securities Exchange Commission on November 8, 2017.
|
The Credit
Fund, NexPoint and NexPoint GP may be deemed the beneficial owners of 0.1% of the outstanding shares of Common Stock held by the Credit Fund. This percentage was determined by dividing 13,722, the number of shares of Common Stock held directly by
the Credit Fund, by 21,427,078, which is the number of shares of Common Stock outstanding as of November 1, 2017 according to the Issuers Quarterly Report on Form
10-Q
filed with the Securities
Exchange Commission on November 8, 2017.
Highland Capital and Strand may be deemed the beneficial owner of 9.2% of the outstanding
Common Stock. This percentage was determined by dividing 1,970,691, the number of shares of Common Stock held directly by (i) the HCM Fund, (ii) Highland Services and (ii) Highland Capital, by 21,427,078, which is the number of shares
of Common Stock outstanding as of November 1, 2017 according to the Issuers Quarterly Report on Form
10-Q
filed with the Securities Exchange Commission on November 8, 2017.
Mr. Dondero may be deemed the beneficial owner of 9.6% of the outstanding Common Stock. This percentage was determined by dividing
2,062,358, the number of shares of Common Stock held directly by (i) the Funds, (ii) Highland Capital and (iii) Highland Services, by 21,427,078, which is the number of shares of Common Stock outstanding as of November 1, 2017
according to the Issuers Quarterly Report on Form
10-Q
filed with the Securities Exchange Commission on November 8, 2017.
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(c)
|
The Global Fund has the sole power to vote and dispose of the 77,945 shares of Common Stock that it holds directly. Highland Fund Advisors and Strand XVI have the shared power to vote and dispose of the 77,945 shares of
Common Stock held by the Global Fund.
|
The Credit Fund has the sole power to vote and dispose of the 13,722 shares of Common
Stock that it holds directly. NexPoint and NexPoint GP have the shared power to vote and dispose of the 13,722 shares of Common Stock held by the Credit Fund.
Highland Capital has the sole power to vote and dispose of the 686,400 shares of Common Stock it
holds directly. Highland Capital and Strand have the shared power to vote and dispose of the 1,284,291 shares of Common Stock held by the HCM Fund and Highland Services.
Mr. Dondero has the shared power to vote and dispose of the 2,062,358 shares of Common Stock held by (i) the Funds,
(ii) Highland Capital and (iii) Highland Services.
By signing below each of the Reporting Persons certifies that, to the
best of such persons 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.
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 14, 2018
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|
HIGHLAND FUNDS II, on behalf of its series Highland Global Allocation Fund
|
|
|
|
|
|
By:
|
|
/s/ Dustin Norris
|
|
|
|
|
Name: Dustin Norris
|
|
|
|
|
Title: Secretary
|
|
HIGHLAND CAPITAL MANAGEMENT FUND ADVISORS, L.P.
|
|
|
By:
|
|
Strand Advisors XVI, Inc., its general partner
|
|
|
|
|
|
By:
|
|
/s/ Dustin Norris
|
|
|
|
|
Name: Dustin Norris
|
|
|
|
|
Title: Secretary
|
|
STRAND ADVISORS XVI, INC.
|
|
|
|
|
|
By:
|
|
/s/ Dustin Norris
|
|
|
Name: Dustin Norris
|
|
|
Title: Secretary
|
|
NEXPOINT CREDIT STRATEGIES FUND
|
|
|
|
|
|
By:
|
|
/s/ Dustin Norris
|
|
|
Name: Dustin Norris
|
|
|
Title: Secretary
|
|
NEXPOINT ADVISORS, L.P.
|
|
By: NexPoint Advisors GP, LLC, its general partner
|
|
|
|
|
|
By:
|
|
/s/ Dustin Norris
|
|
|
|
|
Name: Dustin Norris
|
|
|
|
|
Title: Secretary
|
|
|
|
|
|
NEXPOINT ADVISORS GP, LLC
|
|
|
|
|
|
By:
|
|
/s/ Dustin Norris
|
|
|
Name: Dustin Norris
|
|
|
Title: Secretary
|
|
HIGHLAND CAPITAL MANAGEMENT, L.P.
|
|
|
By:
|
|
Strand Advisors, Inc., its general partner
|
|
|
|
|
|
By:
|
|
/s/ James D. Dondero
|
|
|
|
|
Name: James D. Dondero
|
|
|
|
|
Title: President
|
|
STRAND ADVISORS, INC.
|
|
|
By:
|
|
/s/ James D. Dondero
|
Name: James D. Dondero
|
Title: President
|
|
/s/ James D. Dondero
|
James D. Dondero
|