<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULE 13d-1(a)
PLANET HOLLYWOOD INTERNATIONAL INC.
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(Name of Issuer)
CLASS A COMMON STOCK, PAR VALUE $.01
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(Title of Class of Securities)
72702Q102
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(CUSIP Number)
BAY HARBOUR MANAGEMENT, L.C.
TOWER INVESTMENT GROUP, INC.
STEVEN A. VAN DYKE
777 South Harbour Island Boulevard, Suite 270
Tampa, Florida 33602
(813) 272-1992
DOUGLAS P. TEITELBAUM
885 Third Avenue
34/th/ Floor
New York, New York 10022
(212) 371-2211
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
May 9, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box[_]
Note. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on the following pages)
<PAGE>
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CUSIP No 72702Q102 Page 2 of 9 Pages
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1 NAME OF REPORTING PERSON Steven A. Van Dyke
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON N/A
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
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Number of 7 SOLE VOTING POWER -0-
Shares
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Beneficially 8 SHARED VOTING POWER 1,509,016
Owned by
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Each Reporting 9 SOLE DISPOSITIVE POWER -0-
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Person With 10 SHARED DISPOSITIVE POWER 1,509,016
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,509,016
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.2%
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14 TYPE OF REPORTING PERSON IN, HC
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<PAGE>
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CUSIP No 72702Q102 Page 3 of 9 Pages
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1 NAME OF REPORTING PERSON Douglas P. Teitelbaum
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON N/A
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION United States
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Number of 7 SOLE VOTING POWER -0-
Shares
-------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER 1,509,016
Owned by
-------------------------------------------------------------
Each Reporting 9 SOLE DISPOSITIVE POWER -0-
-------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER 1,509,016
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,509,016
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.2%
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14 TYPE OF REPORTING PERSON IN, HC
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CUSIP No 72702Q102 Page 4 of 9 Pages
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1 NAME OF REPORTING PERSON Bay Harbour Management, L.C.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 59-3418243
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
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Number of 7 SOLE VOTING POWER -0-
Shares
-------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER 1,509,016
Owned by
-------------------------------------------------------------
Each Reporting 9 SOLE DISPOSITIVE POWER -0-
-------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER 1,509,016
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,509,016
--------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES [_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.2%
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14 TYPE OF REPORTING PERSON CO
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<PAGE>
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CUSIP No 72702Q102 Page 5 of 9 Pages
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1 NAME OF REPORTING PERSON Tower Investment Group, Inc.
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON 59-2924229
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [X]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION Florida
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Number of 7 SOLE VOTING POWER -0-
Shares
-------------------------------------------------------------
Beneficially 8 SHARED VOTING POWER 1,509,041
Owned by
-------------------------------------------------------------
Each Reporting 9 SOLE DISPOSITIVE POWER -0-
-------------------------------------------------------------
Person With 10 SHARED DISPOSITIVE POWER 1,509,041
--------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,509,041
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
[_]
--------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
47.2%
--------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON HC
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CUSIP No 72702Q102 Pages 6 of 9 Pages
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This Schedule 13 (the "Schedule 13D") is filed with the U.S. Securities
and Exchange Commission (the "SEC") by Steven A. Van Dyke, Douglas P.
Teitelbaum, Tower Investment Group, Inc. and Bay Harbour Management, L.C.
Item 1. Security and Issuer
Class A Common Stock of Planet Hollywood International, Inc. $.01 par
value. The principal offices of the issuer are located at 8669 Commodity Circle
Street, Suite 600, Orlando, Florida 32819.
Item 2. Identity and Background
Bay Harbour Management, L.C. ("Bay Harbour") is a Florida limited
company and a registered investment adviser under the Investment Advisers Act of
1940, as amended. Tower Investment Group, Inc., a Florida corporation ("Tower"),
is the majority stockholder of Bay Harbour. The executive officers and directors
of Bay Harbour and Tower are as follows:
<TABLE>
<CAPTION>
Name Address Occupation Place of Employment
<S> <C> <C> <C>
Steven A. Van Dyke 777 South Harbour Island investment Bay Harbour
Boulevard, Suite 270 management Management, L.C.
Tampa, Florida 33602
Douglas P. Teitelbaum 885 Third Avenue investment Bay Harbour
34/th/ Floor management Management, L.C.
New York, New York 10022
</TABLE>
The principal business address of each Reporting Person is 777 South Harbour
Island Boulevard, Suite 270, Tampa, Florida 33602, except that the principal
business office of Douglas P. Teitelbaum is 885 Third Avenue, 34/th/ Floor, New
York; New York 10022.
No Reporting Person has during the last five years (i) been convicted
in a criminal proceeding (excluding traffic violations or similar misdemeanors)
or (ii) been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and as a result of such proceeding was or is subject
to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
On December 31, 1999, the Reporting Persons beneficially owned
1,392,600 shares of the Common Stock of Planet Hollywood International, Inc.
(the "Company"), as well as certain Senior Subordinated Notes due 2005. The
source of the funds used by Bay Harbour to purchase the common stock and notes
were investment accounts managed on a discretionary basis by Bay Harbour.
Pursuant to a reorganization plan approved by the Bankruptcy Court on
January 21, 2000, the Reporting Persons received shares of Class A Stock in
exchange for both shares of common stock and notes held by the Reporting Persons
on May 9, 2000.
On May 8, 2000, the Company obtained a $10 million standby term loan
from Bay Harbour. In consideration for making such loan commitment, the Company
issued 350,001 shares of New Class A Common Stock and warrants to purchase
200,000 shares of New Class A Common Stock at an exercise price of $4.2857 per
share exercisable until January 9, 2003. The source of the funds used by Bay
Harbour to fund this loan are investment accounts managed on a discretionary
basis by Bay Harbour.
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CUSIP No 72702Q102 Pages 7 of 9 Pages
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Item 4. Purpose of Transaction.
On October 12, 1999, the Company and twenty-five of its operating
subsidiaries filed voluntary petitions commencing cases under Chapter 11 of the
United States Bankruptcy Code with the United States Bankruptcy Court for the
District of Delaware (Case No. 99-3612). On November 8, 1999, the Debtors filed
a Joint Plan of Reorganization and a proposed Disclosure Statement with the
Bankruptcy Court which were supported by the Official Committee of Unsecured
Creditors for the Debtors. On December 13, 1999, the Debtors filed their First
Amended Joint Plan of Reorganization and First Amended Disclosure Statement
with the Bankruptcy Court. A hearing on the confirmation of the Plan was held
on January 20, 2000 and the Plan, as modified by the Confirmation Order, was
confirmed by the Bankruptcy Court pursuant to an Order dated January 21, 2000
(the "Confirmation Order"). The Plan became effective on May 9, 2000.
The Reporting Persons acquired its shares of Class A Common Stock as a
result of the reorganization of the Company, and as partial consideration for
$10 million standby term loan from Bay Harbour to the Company. The Reporting
Persons presently consider the Shares an attractive investment and intend to
review their investment on an ongoing basis.
On May 9, 2000 Douglas P. Teitelbaum, an officer and director of Bay
Harbour and Tower, was elected to the Board of Directors of the Company for a
term to expire in 2003. Apart from the election of Mr. Teitelbaum to the Board
of Directors of the Company, the Reporting Persons have no present plans or
intentions which would result in or relate to any of the transactions described
in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
Although the foregoing reflects activities presently contemplated by
the Reporting Persons with respect to the Company, the foregoing is subject to
change at any time.
Item 5. Interest in Securities of the Issuer.
As of the filing date of this Statement, each Reporting Person
beneficially owns 1,509,041 shares of the Company's Common Stock, which
represent approximately 47.2 % of the Company's Class A Stock outstanding based
upon 3,000,000 shares of the Company's Class A Stock outstanding as of May 9,
2000 (together with the warrants to purchase 200,000 shares held by the
Reporting Persons). For purposes of disclosing the number of shares
beneficially owned by each of the Reporting Persons, (A) Van Dyke and Teitelbaum
are deemed to beneficially own all shares of the Company's Common Stock that are
beneficially owned by Tower and Bay Harbour and (B) Tower is deemed to
beneficially own all shares of the Company's Common Stock that are beneficially
owned by Bay Harbour.
The 1,509,041 shares of the Company's Common Stock held by Bay Harbour
reported in this Statement are beneficially owned by Van Dyke, Teitelbaum, Tower
and Bay Harbour for the benefit of certain investment partnerships and managed
accounts over which Van Dyke, Teitelbaum, Tower and Bay Harbour control the
power to (i) direct the voting of such shares of the Company's Common Stock and
(ii) dispose of such shares of the Company's Common Stock. The limited partners
of the investment partnerships and the investors in the managed accounts for
which Bay Harbour acts as an investment adviser have the right to participate in
the receipt of dividends from, or proceeds from the sale of, securities held by
their funds or accounts, as the case may be. Other than Trophy Hunter
Investments, Ltd., no such fund, single limited partner of any of such funds nor
any investor in a managed account has the right to receive or the power to
direct the receipt of dividends from, or proceeds from the sale of, shares of
the Company's Class A Common Stock reported in this Schedule 13D.
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CUSIP No 72702Q102 Pages 8 of 9 Pages
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Item 6. Contracts, Arrangements, Understanding or Relationships with Respect to
Securities of the Issuer.
Except as described in Item 4 above, there are no contracts,
arrangements, understandings, or relationships between the Reporting Persons, on
the one hand, and any persons, on the other hand, with respect to any securities
of the Company.
Item 7. Material to be filed as Exhibits.
1. Joint Filing Agreement, Dated June 19, 2000
2. Note Purchase Agreement, dated as of May 8, 2000, by and
among Planet Hollywood International, Inc., each of the
Purchasers signatory thereto; and Wilmington Trust Company,
as agent for the Purchasers.
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CUSIP No 72702Q102 Pages 9 of 9 Pages
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SIGNATURE
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Dated: June 19, 2000
BAY HARBOUR MANAGEMENT, L.C.
By: /s/ Steven A. Van Dyke
__________________________
Name: Steven A. Van Dyke
TOWER INVESTMENT GROUP, INC.
By: /s/ Steven A. Van Dyke
__________________________
Name: Steven A. Van Dyke
Title: President
/s/ Steven A. Van Dyke
_____________________________
STEVEN A. VAN DYKE
/s/ Douglas P. Teitelbaum
_____________________________
DOUGLAS P. TEITELBAUM
<PAGE>
Exhibit Index
1. Joint Filing Agreement, dated June 19, 2000
3. Note Purchase Agreement, dated as of May 8, 2000, by and among
Planet Hollywood International, Inc., each of the Purchasers
signatory thereto; and Wilmington Trust Company, as agent for the
Purchasers.
