<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 1)
Under the Securities Exchange Act of 1934
AMF BOWLING, INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
03113V109
(CUSIP Number)
JAMES J. CONNORS, II, ESQ.
KELSO & COMPANY
320 PARK AVENUE
NEW YORK, NY 10022
(212) 751-3939
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
FEBRUARY 26, 1999
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box: / /.
<PAGE> 2
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KELSO INVESTMENT ASSOCIATES V, L.P.
13-3728774
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) / /
GROUP* (b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY / /
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8
EACH SHARED VOTING POWER
REPORTING 6,456,616 SHARES
PERSON WITH -------------------------------------------------------------
9
SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10
SHARED DISPOSITIVE POWER
6,456,616 SHARES
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
6,456,616 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)
10.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
<PAGE> 3
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KELSO EQUITY PARTNERS V, L.P.
13-3787708
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) / /
GROUP* (b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY / /
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8
EACH SHARED VOTING POWER
REPORTING 6,456,616 SHARES
PERSON WITH -------------------------------------------------------------
9
SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10
SHARED DISPOSITIVE POWER
6,456,616 SHARES
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
6,456,616 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)
10.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
2
<PAGE> 4
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
KELSO PARTNERS V, L.P.
13-3728773
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) / /
GROUP* (b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY / /
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8
EACH SHARED VOTING POWER
REPORTING 6,456,616 SHARES
PERSON WITH -------------------------------------------------------------
9
SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10
SHARED DISPOSITIVE POWER
6,456,616 SHARES
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
6,456,616 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)
10.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
PN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
3
<PAGE> 5
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JOSEPH S. SCHUCHERT
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) / /
GROUP* (b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY / /
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8
EACH SHARED VOTING POWER
REPORTING 6,456,616 SHARES
PERSON WITH -------------------------------------------------------------
9
SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10
SHARED DISPOSITIVE POWER
6,456,616 SHARES
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
6,456,616 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)
10.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
4
<PAGE> 6
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRANK T. NICKELL
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) / /
GROUP* (b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY / /
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8
EACH SHARED VOTING POWER
REPORTING 6,456,616 SHARES
PERSON WITH -------------------------------------------------------------
9
SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10
SHARED DISPOSITIVE POWER
6,456,616 SHARES
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
6,456,616 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)
10.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
5
<PAGE> 7
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
THOMAS R. WALL, IV
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) / /
GROUP* (b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY / /
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8
EACH SHARED VOTING POWER
REPORTING 6,456,616 SHARES
PERSON WITH -------------------------------------------------------------
9
SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10
SHARED DISPOSITIVE POWER
6,456,616 SHARES
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
6,456,616 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)
10.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
6
<PAGE> 8
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GEORGE E. MATELICH
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) / /
GROUP* (b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY / /
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8
EACH SHARED VOTING POWER
REPORTING 6,456,616 SHARES
PERSON WITH -------------------------------------------------------------
9
SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10
SHARED DISPOSITIVE POWER
6,456,616 SHARES
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
6,456,616 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)
10.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
7
<PAGE> 9
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MICHAEL B. GOLDBERG
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) / /
GROUP* (b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY / /
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8
EACH SHARED VOTING POWER
REPORTING 6,456,616 SHARES
PERSON WITH -------------------------------------------------------------
9
SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10
SHARED DISPOSITIVE POWER
6,456,616 SHARES
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
6,456,616 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)
10.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
8
<PAGE> 10
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
DAVID I. WAHRHAFTIG
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) / /
GROUP* (b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY / /
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8
EACH SHARED VOTING POWER
REPORTING 6,456,616 SHARES
PERSON WITH -------------------------------------------------------------
9
SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10
SHARED DISPOSITIVE POWER
6,456,616 SHARES
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
6,456,616 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)
10.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
9
<PAGE> 11
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FRANK K. BYNUM, JR.
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) / /
GROUP* (b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY / /
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8
EACH SHARED VOTING POWER
REPORTING 6,456,616 SHARES
PERSON WITH -------------------------------------------------------------
9
SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10
SHARED DISPOSITIVE POWER
6,456,616 SHARES
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
6,456,616 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)
10.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
10
<PAGE> 12
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
PHILIP E. BERNEY
###-##-####
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A (a) / /
GROUP* (b) / /
- --------------------------------------------------------------------------------
3 SEC USE ONLY / /
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
OO
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) / /
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------
7
NUMBER OF SOLE VOTING POWER
SHARES 0
BENEFICIALLY -------------------------------------------------------------
OWNED BY 8
EACH SHARED VOTING POWER
REPORTING 6,456,616 SHARES
PERSON WITH -------------------------------------------------------------
9
SOLE DISPOSITIVE POWER
0
-------------------------------------------------------------
10
SHARED DISPOSITIVE POWER
6,456,616 SHARES
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
6,456,616 SHARES
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) / /
EXCLUDES CERTAIN SHARES*
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW
(11)
10.7%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEMS 1-7 (INCLUDING EXHIBITS) OF
THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
11
<PAGE> 13
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
ITEM 1. SECURITY AND ISSUER.
This Amendment No. 1 to the Statement on Schedule 13D is filed with
respect to the common stock, par value $0.01 per share (the "Common Stock"), of
AMF Bowling, Inc., a Delaware corporation (the "Company").
ITEM 2. IDENTITY AND BACKGROUND.
This Amendment No. 1 to the Statement on Schedule 13D is filed by
Kelso Investment Associates V, L.P., a Delaware limited partnership ("KIA V");
Kelso Equity Partners V, L.P., a Delaware limited partnership ("KEP V" and,
together with KIA V, the "Limited Partnerships"); Kelso Partners V, L.P., a
Delaware limited partnership and the general partner of KIA V ("KP V"); and
Joseph S. Schuchert, Frank T. Nickell, Thomas R. Wall, IV, George E. Matelich,
Michael B. Goldberg, David I. Wahrhaftig, Frank K. Bynum, Jr. and Philip E.
Berney, each of whom is a general partner of KP V and of KEP V (collectively,
the "General Partners" and, together with the Limited Partnerships and KP V, the
"Filing Persons"). Mr. Berney became a general partner of KP V and KEP V on
February 26, 1999. KP V and the General Partners disclaim beneficial ownership
of the securities reported herein; the Limited Partnerships disclaim beneficial
ownership of the securities reported herein except to the extent such securities
are owned directly by either of such Limited Partnerships, respectively.
The Limited Partnerships are private investment vehicles formed for
the purpose of investing in transactions arranged by Kelso & Company, L.P. a
private investment firm specializing in acquisition transactions ("Kelso"). The
principal business address of each of the Filing Persons is c/o Kelso & Company,
320 Park Avenue, New York, NY 10022. The present principal occupation of each of
the General Partners is as follows: Mr. Schuchert is Chairman of Kelso; Mr.
Nickell is President and CEO of Kelso; Mr. Wall is Managing Director of Kelso;
Mr. Matelich is Managing Director of Kelso; Mr. Goldberg is Managing Director of
Kelso; Mr. Wahrhaftig is Managing Director of Kelso; Mr. Bynum is Managing
Director of Kelso; and Mr. Berney is Managing Director of Kelso. Each of the
General Partners is a citizen of the United States.
During the last five years, none of the Filing Persons has been (i)
convicted in a criminal proceeding (excluding traffic violations and similar
misdemeanors), or (ii) 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.
The funds used by the Limited Partnerships to purchase the Zero Coupon
Convertible Debentures Due 2018 of the Company ("Debentures") (an aggregate of
$10,898,902) were obtained by such entities from capital contributions by their
partners.
12
<PAGE> 14
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
ITEM 4. PURPOSE OF THE TRANSACTION.
The Limited Partnerships purchased the shares of Common Stock for the
purpose of acquiring an equity interest in the Company.
On November 12, 1998, the Limited Partnerships entered into an
agreement (the "Debenture & Note Purchase Agreement") with GS Capital Partners
II, L.P., GS Capital Partners II Offshore, L.P., Goldman, Sachs & Co.
Verwaltungs GMBH, Stone Street Fund 1995, L.P., Stone Street Fund 1996, L.P.,
Bridge Street Fund 1995, L.P., and Bridge Street Fund 1996, L.P. (collectively,
the "Other Investors"), pursuant to which the parties thereto have agreed to
make open market purchases of the Company's Debentures and 12 1/4% Senior
Subordinated Discount Notes due 2006 (the "Notes") from time to time for their
respective accounts in agreed-upon proportions. The Debenture & Note Purchase
Agreement provides that each party thereto may terminate its participation in
such open market purchases by providing written notice of such termination to
the other parties thereto. As of February 26, 1999, the Limited Partnerships
have acquired an aggregate of $79,993,000 in principal amount of Debentures
representing their proportionate share of Debentures acquired pursuant to the
Debenture & Note Purchase Agreement. The Debentures are convertible at any time
prior to maturity into shares of Common Stock at a conversion rate of 8.6734
shares per $1,000 principal amount at maturity. Accordingly, the Limited
Partnerships may be deemed to have acquired beneficial ownership of an aggregate
of 693,811 shares of Common Stock by virtue of their acquisition of the
Debentures. There can be no assurance that the Limited Partnerships or any of
the other parties to the Debenture & Note Purchase Agreement will acquire any
additional Debentures thereunder or, if such securities are acquired, the amount
of securities so acquired. The foregoing is qualified in its entirety by
reference to the Debenture & Note Purchase Agreement which is filed as Exhibit 1
hereto and is incorporated herein by reference.
Except as disclosed herein, none of the Filing Persons has any plans
or proposals which relate to or would result in any of the transactions
described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) As of February 26, 1999, the Limited Partnerships may be deemed to
own beneficially and directly, and KP V and the General Partners may be deemed
to own beneficially and indirectly, an aggregate of 6,456,616 shares of Common
Stock, including an aggregate of 693,811 shares of Common Stock that may be
acquired through the conversion of Debentures. The Company has reported in its
Quarterly Report on Form 10-Q for the Quarterly Period ended September 30, 1998
that there were 59,747,550 shares of Common Stock outstanding as of October 23,
1998. Based on the foregoing, the Limited Partnerships may be deemed to own
beneficially and directly, and KP V and the General Partners may be deemed to
own beneficially and indirectly, an aggregate of approximately 10.7 % of the
outstanding shares of Common Stock. KP V and the General Partners disclaim
beneficial ownership of the securities reported herein; the Limited Partnerships
disclaim beneficial ownership of the securities reported herein except to the
extent such securities are owned directly by either of such Limited
Partnerships, respectively.
13
<PAGE> 15
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
None of the Filing Persons beneficially owns any shares of Common
Stock other than as set forth herein.
Based on Amendment No. 3 to a Schedule 13D filed by the Other
Investors and certain other persons on December 16, 1998, the Other Investors
may be deemed to be the beneficial owners of an aggregate of 34,529,004 shares
of Common Stock, including 3,607,761 shares of Common Stock that may be acquired
through the conversion of Debentures. Such shares represent approximately 53.8 %
of the outstanding Common Stock.
(b) Each Filing Person shares the power to vote or direct the vote and
to dispose or to direct the disposition of shares of Common Stock beneficially
owned by such Filing Person as indicated in pages 2 through 9 above.
(c) No transactions in the Common Stock were effected by the Filing
Persons during the past 60 days.
(d) No person is known by any Filing Person to have the right to
receive or the power to direct the receipt of dividends from, or the proceeds
from the sale of, any shares of Common Stock beneficially owned by any Filing
Person.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
On November 12, 1998, the Limited Partnerships entered into the
Debenture & Note Purchase Agreement with the Other Investors, pursuant to which
the parties thereto have agreed to make open market purchases of the Company's
Debentures and Notes from time to time for their respective accounts in
agreed-upon proportions. The Debenture & Note Purchase Agreement provides that
each party thereto may terminate its participation in such open market purchases
by providing written notice of such termination to the other parties thereto.
The foregoing is qualified in its entirety by reference to the Debenture & Note
Purchase Agreement which is filed as Exhibit 1 hereto and is incorporated herein
by reference.
The Limited Partnerships are party to a Stockholders Agreement, dated
as of April 30, 1996 (as amended, the "Stockholders Agreement"), by and among
the Company, the Limited Partnerships, the Other Investors and the other parties
thereto. The Stockholders Agreement is filed as Exhibit 2 hereto and is
incorporated herein by reference.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
1. Form of Agreement, dated as of November 12, 1998, by and among the Limited
Partnerships and the other parties thereto (incorporated herein by
reference to Exhibit 99.1 of the Statement
14
<PAGE> 16
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
on Schedule 13D filed with respect to the Common Stock of the Company on
November 23, 1998, File No. 005-52055).
2. Stockholders Agreement, dated as of April 30, 1996, by and among the
Company, the Limited Partnerships, the Other Investors and the other
parties thereto, and the amendments thereto (incorporated herein by
reference to Exhibit 10.15 to the Company's Registration Statement on Form
S-1, File No. 333-34099).
3. Joint Filing Agreement, dated as of February 26, 1999, among the Filing
Persons.
4. Powers of attorney for Messrs. Joseph S. Schuchert, Frank T. Nickell,
Thomas R. Wall, IV, George E. Matelich, Michael B. Goldberg, David I.
Wahrhaftig and Frank K. Bynum, Jr. (incorporated herein by reference to
Exhibit 99.4 of the Statement on Schedule 13D filed with respect to the
Common Stock of the Company on November 23, 1998, File No. 005-52055).
5. Power of attorney for Mr. Philip E. Berney.
15
<PAGE> 17
SIGNATURES
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.
Dated: February 26, 1999
KELSO INVESTMENT ASSOCIATES V, L.P.
By: Kelso Partners V, L.P., its
General Partner
By: /s/ James J. Connors, II
Name: James J. Connors, II
Title: Attorney-in-fact
KELSO EQUITY PARTNERS V, L.P.
By: /s/ James J. Connors, II
Name: James J. Connors, II
Title: Attorney-in-fact
KELSO PARTNERS V, L.P.
By: /s/ James J. Connors, II
Name: James J. Connors, II
Title: Attorney-in-fact
*
-----------------------------------------------
Joseph S. Schuchert
*
-----------------------------------------------
Frank T. Nickell
*
-----------------------------------------------
George E. Matelich
<PAGE> 18
*
-----------------------------------------------
Thomas R. Wall, IV
*
-----------------------------------------------
Frank K. Bynum, Jr.
*
-----------------------------------------------
Michael B. Goldberg
*
-----------------------------------------------
David I. Wahrhaftig
*
-----------------------------------------------
Philip E. Berney
* By: /s/ James J. Connors, II
James J. Connors, II
Attorney-in-fact
<PAGE> 19
INDEX OF EXHIBITS
1. Form of Agreement, dated as of November 12, 1998, by and among the Limited
Partnerships and the other parties thereto (incorporated herein by
reference to Exhibit 99.1 of the Statement on Schedule 13D filed with
respect to the Common Stock of the Company on November 23, 1998, File No.
005-52055).
2. Stockholders Agreement, dated as of April 30, 1996, by and among the
Company, the Limited Partnerships, the Other Investors and the other
parties thereto, and the amendments thereto (incorporated herein by
reference to Exhibit 10.15 to the Company's Registration Statement on Form
S-1, File No. 333-34099).
3. Joint Filing Agreement, dated as of February 26, 1999, among the Filing
Persons.
4. Powers of attorney for Messrs. Joseph S. Schuchert, Frank T. Nickell,
Thomas R. Wall, IV, George E. Matelich, Michael B. Goldberg, David I.
Wahrhaftig and Frank K. Bynum, Jr. (incorporated herein by reference to
Exhibit 99.4 of the Statement on Schedule 13D filed with respect to the
Common Stock of the Company on November 23, 1998, File No. 005-52055).
5. Power of attorney for Mr. Philip E. Berney.
<PAGE> 1
Exhibit 3
JOINT FILING AGREEMENT
Pursuant to Rule 13d-1(k)(1)(iii) promulgated under the Securities
Exchange Act of 1934, as amended, the undersigned agree that Amendment No. 1 to
the Statement on Schedule 13D to which this exhibit is attached, and any further
amendments to such Statement on Schedule 13D, is filed on behalf of each of them
in the capacities set forth below.
Dated: February 26, 1999
KELSO INVESTMENT ASSOCIATES V, L.P.
By: Kelso Partners V, L.P., its
General Partner
By: /s/ James J. Connors, II
Name: James J. Connors, II
Title: Attorney-in-fact
KELSO EQUITY PARTNERS V, L.P.
By: /s/ James J. Connors, II
Name: James J. Connors, II
Title: Attorney-in-fact
KELSO PARTNERS V, L.P.
By: /s/ James J. Connors, II
Name: James J. Connors, II
Title: Attorney-in-fact
*
-------------------------------------------------
Joseph S. Schuchert
*
-------------------------------------------------
Frank T. Nickell
*
-------------------------------------------------
George E. Matelich
<PAGE> 2
*
-------------------------------------------------
Thomas R. Wall, IV
*
-------------------------------------------------
Frank K. Bynum, Jr.
*
-------------------------------------------------
Michael B. Goldberg
*
-------------------------------------------------
David I. Wahrhaftig
*
-------------------------------------------------
Philip E. Berney
* By: /s/ James J. Connors, II
James J. Connors, II
Attorney-in-fact
2
<PAGE> 1
EXHIBIT 5
POWER OF ATTORNEY
The undersigned hereby constitutes and appoints James J. Connors, II
and Howard A. Matlin, and each of them, with full power of substitution and
resubstitution, as his true and lawful attorneys-in-fact and agents to:
(1) execute and deliver for and on behalf of the undersigned (i) any and
all Forms 3, 4 and 5 relating to AMF Bowling, Inc. (the "Company")
and required to be filed in accordance with Section 16(a) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act") and
the rules thereunder and (ii) any and all schedules relating to the
company required to be filed in accordance with Section 13(d) of the
Exchange Act and the rules thereunder (together, the "Forms and
Schedules"), in the undersigned's capacity as a director and/or
controlling person of the Company and/or as a partner of Kelso
Partners V, L.P., and/or Kelso Equity Partners V, L.P., and in all
other capacities pursuant to which such Forms and Schedules may be
required to be filed by the undersigned;
(2) do and perform any and all acts on behalf of the undersigned which
may be necessary or desirable to complete and execute any such Forms
and Schedules and timely file such Forms and Schedules with the
United States Securities and Exchange Commission and any stock
exchange or similar authority; and
(3) take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of
benefit to, in the best interest of, or legally required by, the
undersigned, it being understood that the documents executed by such
attorney-in-fact on behalf of the undersigned pursuant to this Power
of Attorney shall be in such form and shall contain such terms and
conditions as such attorney-in-fact may approve in such
attorney-in-fact's discretion.
The undersigned hereby grants to such attorneys-in-fact and agents
full power and authority to do and perform any and every act and thing
whatsoever requisite, necessary or proper to be done in the exercise of any of
the rights and powers herein granted, as fully to all intents and purposes as
the undersigned might or could do if personally present, with full power of
substitution or revocation, hereby ratifying and confirming all that each such
attorney-in-fact and agent, or his substitute or substitutes, shall lawfully do
or cause to be done by virtue of this power of attorney and the rights and
powers herein granted. The undersigned acknowledges that the foregoing
attorneys-in-fact and agents, in serving in such capacity at the request of the
undersigned, are not assuming any of the undersigned's responsibilities to
comply with Section 16 or Section 13(d) of the Exchange Act.
This Power of Attorney shall remain in full force and effect until
the undersigned is no longer required to file the Forms and Schedules with
respect to the undersigned's holdings of and transactions in securities issued
by the Company, unless earlier revoked by the undersigned in a signed writing
delivered to the foregoing attorneys-in-fact and agents.
<PAGE> 2
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney
to be executed as of the 26th day of February, 1999.
/s/ Philip E. Berney
Philip E. Berney
2
