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)
|
|
|
|
|
CUSIP No. 12574Q103
|
|
13G/A
|
|
|
|
|
|
|
|
|
|
1
|
|
NAME OF
REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Cyrus Capital Partners, 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
0
|
|
7
|
|
SOLE DISPOSITIVE POWER
0
|
|
8
|
|
SHARED DISPOSITIVE POWER
3,818,186
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9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,818,186
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
27.9% **
|
12
|
|
TYPE OF REPORTING PERSON*
IA, PN
|
*
|
SEE INSTRUCTIONS BEFORE FILLING OUT
|
2
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|
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CUSIP No. 12574Q103
|
|
13G/A
|
|
|
|
|
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|
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1
|
|
NAME OF
REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Cyrus Capital Partners 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
0
|
|
7
|
|
SOLE DISPOSITIVE POWER
0
|
|
8
|
|
SHARED DISPOSITIVE POWER
3,818,186
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,818,186
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
27.9% **
|
12
|
|
TYPE OF REPORTING PERSON*
OO, HC
|
*
|
SEE INSTRUCTIONS BEFORE FILLING OUT
|
3
|
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|
|
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CUSIP No. 12574Q103
|
|
13G/A
|
|
|
|
|
|
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|
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1
|
|
NAME OF
REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Stephen C. Freidheim
|
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 Citizen
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
|
|
5
|
|
SOLE VOTING POWER
0
|
|
6
|
|
SHARED VOTING POWER
0
|
|
7
|
|
SOLE DISPOSITIVE POWER
0
|
|
8
|
|
SHARED DISPOSITIVE POWER
3,818,186
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,818,186
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
27.9% **
|
12
|
|
TYPE OF REPORTING PERSON*
IN, HC
|
*
|
SEE INSTRUCTIONS BEFORE FILLING OUT
|
4
|
|
|
|
|
CUSIP No. 12574Q103
|
|
13G/A
|
|
|
|
|
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1
|
|
NAME OF
REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Crescent 1, 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
0
|
|
7
|
|
SOLE DISPOSITIVE POWER
717,819
|
|
8
|
|
SHARED DISPOSITIVE POWER
0
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
717,819
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
5.2% **
|
12
|
|
TYPE OF REPORTING PERSON*
PN
|
*
|
SEE INSTRUCTIONS BEFORE FILLING OUT
|
5
|
|
|
|
|
CUSIP No. 12574Q103
|
|
13G/A
|
|
|
|
|
|
|
|
|
|
1
|
|
NAME OF
REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
CRS Master Fund, 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
0
|
|
6
|
|
SHARED VOTING POWER
0
|
|
7
|
|
SOLE DISPOSITIVE POWER
645,274
|
|
8
|
|
SHARED DISPOSITIVE POWER
0
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
645,274
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
4.7% **
|
12
|
|
TYPE OF REPORTING PERSON*
PN
|
*
|
SEE INSTRUCTIONS BEFORE FILLING OUT
|
6
|
|
|
|
|
CUSIP No. 12574Q103
|
|
13G/A
|
|
|
|
|
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1
|
|
NAME OF
REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Cyrus Opportunities Master Fund II,
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
0
|
|
7
|
|
SOLE DISPOSITIVE POWER
2,077,092
|
|
8
|
|
SHARED DISPOSITIVE POWER
0
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,077,092
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
15.2% **
|
12
|
|
TYPE OF REPORTING PERSON*
CO
|
*
|
SEE INSTRUCTIONS BEFORE FILLING OUT
|
7
|
|
|
|
|
CUSIP No. 12574Q103
|
|
13G/A
|
|
|
|
|
|
|
|
|
|
1
|
|
NAME OF
REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Cyrus Select Opportunities Master Fund,
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
0
|
|
7
|
|
SOLE DISPOSITIVE POWER
378,001
|
|
8
|
|
SHARED DISPOSITIVE POWER
0
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
378,001
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
2.8% **
|
12
|
|
TYPE OF REPORTING PERSON*
CO
|
*
|
SEE INSTRUCTIONS BEFORE FILLING OUT
|
8
|
|
|
|
|
CUSIP No. 12574Q103
|
|
13G/A
|
|
|
|
|
|
|
|
|
|
1
|
|
NAME OF
REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Cyrus Capital Advisors, 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
0
|
|
7
|
|
SOLE DISPOSITIVE POWER
0
|
|
8
|
|
SHARED DISPOSITIVE POWER
1,363,093
|
9
|
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,363,093
|
10
|
|
CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (9) EXCLUDES CERTAIN SHARES*
☐
|
11
|
|
PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 9
10.0% **
|
12
|
|
TYPE OF REPORTING PERSON*
OO
|
*
|
SEE INSTRUCTIONS BEFORE FILLING OUT
|
9
SCHEDULE 13G/A
This Amendment No. 2 to the Schedule 13G (this Amendment) is being filed on behalf of Cyrus Capital Partners, L.P., a
Delaware limited partnership (the Investment Manager), Mr. Stephen C. Freidheim, the principal of the Investment Manager, Crescent 1, L.P., a Delaware limited partnership (the Crescent Fund), CRS Master Fund, L.P.,
a Cayman Islands exempted limited partnership (the CRS Fund), Cyrus Opportunities Master Fund II, Ltd., a Cayman Islands exempted limited company (the Opportunities II Fund), Cyrus Select Opportunities Master Fund, Ltd., a
Cayman Islands exempted limited company (the Select Fund), Cyrus Capital Advisors, LLC, a Delaware limited liability company that serves as the general partner of the Crescent Fund and the CRS Fund (the General Partner), and
Cyrus Capital Partners GP, LLC, a Delaware limited liability company that serves as the general partner of the Investment Manager and the managing member of the General Partner (the GP of the Investment Manager, and together with the
Investment Manager, the General Partner, Mr. Freidheim, the Crescent Fund, the CRS Fund, the Opportunities II Fund and the Select Fund, the Reporting Persons), relating to Common Stock, $0.001 par value (Common Stock),
of CM Finance Inc, a Maryland corporation (the Issuer).
This Amendment relates to the Common Stock of the Issuer owned by the
Crescent Fund, the CRS Fund, the Opportunities II Fund and the Select Fund (collectively, the Cyrus Funds). The Investment Manager serves as the investment adviser to the Cyrus Funds and may direct the disposition of the 3,818,186 shares
of Common Stock held by the Cyrus Funds. As the general partner of the investment adviser to the Cyrus Funds, the GP of the Investment Manager may direct the disposition of the 3,818,186 shares of Common Stock held by the Cyrus Funds. As the
principal of the Investment Manager, Mr. Freidheim may direct the disposition of the 3,818,186 shares of Common Stock held by the Cyrus Funds. The General Partner is the general partner of the Crescent Fund and the CRS Fund and, to the extent
the General Partner can decide to terminate each of the investment management agreements that exists between the Investment Manager and each of the Crescent Fund and CRS Fund, may direct the disposition of the 1,363,093 shares of Common Stock held
by the Crescent Fund and the CRS Fund. This Amendment modifies the original Schedule 13G filed with the Securities and Exchange Commission on February 12, 2015 by the Reporting Persons, as amended on February 12, 2016 (the Original
13G).
This Amendment amends and restates the Original 13G as set forth below.
Item 1(a)
|
Name of Issuer.
|
CM Finance Inc
Item 1(b)
|
Address of Issuers Principal Executive Offices.
|
601 Lexington Avenue, 26th Floor
New York, New York 10022
10
Item 2(a)
|
Name of Person Filing.
|
|
(1)
|
Cyrus Capital Partners, L.P.
|
|
(2)
|
Cyrus Capital Partners GP, LLC
|
|
(3)
|
Mr. Stephen C. Freidheim
|
|
(5)
|
CRS Master Fund, L.P.
|
|
(6)
|
Cyrus Opportunities Master Fund II, Ltd.
|
|
(7)
|
Cyrus Select Opportunities Master Fund, Ltd.
|
|
(8)
|
Cyrus Capital Advisors, LLC
|
Item 2(b)
|
Address of Principal Business Office, or, if none, Residence.
|
For all filers:
65 East 55
th
Street, 35
th
Floor
New York, New York 10022
Item 2(c)
|
Citizenship or Place of Organization.
|
|
(1)
|
Cyrus Capital Partners, L.P. is a Delaware limited partnership.
|
|
(2)
|
Cyrus Capital Partners GP, LLC is a Delaware limited liability company.
|
|
(3)
|
Stephen C. Freidheim is a United States citizen.
|
|
(4)
|
Crescent 1, L.P. is a Delaware limited partnership.
|
|
(5)
|
CRS Master Fund, L.P. is a Cayman Islands exempted limited partnership.
|
|
(6)
|
Cyrus Opportunities Master Fund II, Ltd. is a Cayman Islands exempted limited company.
|
|
(7)
|
Cyrus Select Opportunities Master Fund, Ltd. is a Cayman Islands exempted limited company.
|
|
(8)
|
Cyrus Capital Advisors, LLC is a Delaware limited liability company.
|
Item 2(d)
|
Title of Class of Securities.
|
Common Stock, $0.001 par value (Common
Stock).
12574Q103
Inapplicable.
|
(a)
|
The Crescent Fund is the beneficial owner of 717,819 shares of Common Stock that it holds directly.
|
The CRS Fund is the beneficial owner of 645,274 shares of Common Stock that it holds directly.
11
The Opportunities II Fund is the beneficial owner of 2,077,092 shares of Common Stock that it
holds directly.
The Select Fund is the beneficial owner of 378,001 shares of Common Stock that it holds directly.
The Investment Manager is the beneficial owner of 3,818,186 shares of Common Stock held by the Cyrus Funds.
The GP of the Investment Manager is the beneficial owner of 3,818,186 shares of Common Stock held by the Cyrus Funds.
Mr. Freidheim is the beneficial owner of 3,818,186 shares of Common Stock held by the Cyrus Funds.
The General Partner may be deemed to beneficially own 1,363,093 shares of Common Stock held by the Crescent Fund and the CRS Fund as a result
of being the general partner of the Crescent Fund and the CRS Fund.
|
(b)
|
The Crescent Fund is the beneficial owner of 5.2% of the outstanding shares of Common Stock.
|
The CRS Fund is the beneficial owner of 4.7% of the outstanding shares of Common Stock.
The Opportunities II Fund is the beneficial owner of 15.2% of the outstanding shares of Common Stock.
The Select Fund is the beneficial owner of 2.8% of the outstanding shares of Common Stock.
The Investment Manager is the beneficial owner of 27.9% of the outstanding shares of Common Stock.
The GP of the Investment Manager is the beneficial owner of 27.9% of the outstanding shares of Common Stock.
Mr. Freidheim is the beneficial owner of 27.9% of the outstanding shares of Common Stock.
The General Partner may be deemed to beneficially own 9.96% of the outstanding shares of Common Stock.
These percentages are determined by dividing the number of shares of Common Stock beneficially owned by each of the Reporting Persons on
December 31, 2017 by 13,689,221, the number of shares of Common Stock issued and outstanding as of December 31, 2017, as reported in the Issuers most recent
10-Q
filed on February 7, 2018.
|
(c)
|
The Crescent Fund may direct the disposition of the 717,819 shares of Common Stock that it holds directly.
|
12
The CRS Fund may direct the disposition of the 645,274 shares of Common Stock that it holds
directly.
The Opportunities II Fund may direct the disposition of the 2,077,092 shares of Common Stock that it holds directly.
The Select Fund may direct the disposition of the 378,001 shares of Common Stock that it holds directly.
The Investment Manager, as the investment adviser to the Cyrus Funds, and the GP of the Investment Manager, as the general partner of the
Investment Manager, may direct the disposition of the 3,818,186 shares of Common Stock held by the Cyrus Funds. As the principal of the Investment Manager, Mr. Freidheim may direct the disposition of the 3,818,186 shares of Common Stock held by
the Cyrus Funds. As the general partner of the Crescent Fund and the CRS Fund, to the extent the General Partner can decide to terminate each of the investment management agreements that exists between the Investment Manager and each of the Crescent
Fund and CRS Fund, the General Partner may direct the disposition of the 1,363,093 shares of Common Stock held by the Crescent Fund and the CRS Fund.
The power to vote the shares of Common Stock held by the Cyrus Funds has been delegated as disclosed in the Post-Effective Amendment
No. 3 to Form
N-2
of the Issuer filed on October 14, 2016.
Item 5
|
Ownership of Five Percent or Less of a Class.
|
Inapplicable.
Item 6
|
Ownership of More Than Five Percent on Behalf of Another Person.
|
Inapplicable.
Item 7
|
Identification and Classification of the Subsidiary which Acquired the Security Being Reported On by the Parent Holding Company.
|
Inapplicable.
Item 8
|
Identification and Classification of Members of the Group.
|
The Reporting Persons may
be deemed to be a group.
Item 9
|
Notice of Dissolution of Group.
|
Inapplicable.
Inapplicable.
13
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 12, 2018
|
|
|
CYRUS CAPITAL PARTNERS, L.P.
|
|
|
By:
|
|
Cyrus Capital Partners GP, LLC, its general partner
|
|
|
By:
|
|
/s/ Stephen C. Freidheim
|
|
|
Stephen C. Freidheim
|
|
|
Manager
|
|
CYRUS CAPITAL PARTNERS GP, LLC
|
|
|
By:
|
|
/s/ Stephen C. Freidheim
|
|
|
Stephen C. Freidheim
|
|
|
Manager
|
|
/s/ Stephen C. Freidheim
|
Stephen C. Freidheim
|
|
CRESCENT 1, L.P.
|
|
|
By:
|
|
Cyrus Capital Advisors, LLC, its general partner
|
|
|
By:
|
|
Cyrus Capital Partners GP, LLC, its managing member
|
|
|
By:
|
|
/s/ Stephen C. Freidheim
|
|
|
Stephen C. Freidheim
|
|
|
Manager
|
14
|
|
|
CRS MASTER FUND, L.P.
|
|
|
By:
|
|
Cyrus Capital Advisors, LLC, its general partner
|
|
|
By:
|
|
Cyrus Capital Partners GP, LLC, its managing member
|
|
|
By:
|
|
/s/ Stephen C. Freidheim
|
|
|
Stephen C. Freidheim
|
|
|
Manager
|
|
CYRUS OPPORTUNITIES MASTER FUND II, LTD.
|
|
|
By:
|
|
/s/ Stephen C. Freidheim
|
|
|
Stephen C. Freidheim
|
|
|
Authorized Signatory
|
|
CYRUS SELECT OPPORTUNITIES MASTER FUND, LTD.
|
|
|
By:
|
|
/s/ Stephen C. Freidheim
|
|
|
Stephen C. Freidheim
|
|
|
Authorized Signatory
|
|
CYRUS CAPITAL ADVISORS, LLC
|
|
|
By:
|
|
Cyrus Capital Partners GP, LLC, its managing member
|
|
|
By:
|
|
/s/ Stephen C. Freidheim
|
|
|
Stephen C. Freidheim
|
|
|
Manager
|
15