<PAGE> 1
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D/A
(Amendment No. 2)
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)
MAY 5, 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: / /.
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<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
0
SHARES --------------------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
6,456,616 SHARES
OWNED BY --------------------------------------------------------------
9
EACH SOLE DISPOSITIVE POWER
0
REPORTING --------------------------------------------------------------
10
PERSON WITH 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
0
SHARES --------------------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
6,456,616 SHARES
OWNED BY --------------------------------------------------------------
9
EACH SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
10
PERSON WITH 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
0
SHARES --------------------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
6,456,616 SHARES
OWNED BY --------------------------------------------------------------
9
EACH SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
10
PERSON WITH 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
-0-
SHARES --------------------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
6,456,616 SHARES
OWNED BY --------------------------------------------------------------
9
EACH SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
10
PERSON WITH 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
-0-
SHARES --------------------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
6,456,616 SHARES
OWNED BY --------------------------------------------------------------
9
EACH SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
10
PERSON WITH 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
-0-
SHARES --------------------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
6,456,616 SHARES
OWNED BY --------------------------------------------------------------
9
EACH SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
10
PERSON WITH 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
-0-
SHARES --------------------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
6,456,616 SHARES
OWNED BY --------------------------------------------------------------
9
EACH SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
10
PERSON WITH 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
-0-
SHARES --------------------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
6,456,616 SHARES
OWNED BY --------------------------------------------------------------
9
EACH SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
10
PERSON WITH 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
-0-
SHARES --------------------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
6,456,616 SHARES
OWNED BY --------------------------------------------------------------
9
EACH SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
10
PERSON WITH 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
-0-
SHARES --------------------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
6,456,616 SHARES
OWNED BY --------------------------------------------------------------
9
EACH SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
10
PERSON WITH 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
-0-
SHARES --------------------------------------------------------------
8
BENEFICIALLY SHARED VOTING POWER
6,456,616 SHARES
OWNED BY --------------------------------------------------------------
9
EACH SOLE DISPOSITIVE POWER
-0-
REPORTING --------------------------------------------------------------
10
PERSON WITH 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. 2 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. 2 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.
12
<PAGE> 14
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The Limited Partnerships intend to obtain any funds to be used if they
exercise subscription privileges in the Rights Offering (as hereinafter defined)
from capital contributions by their partners.
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. (subsequently merged with and into The Goldman Sachs Group, Inc.), 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 agreed to make open market purchases of
the Company's Zero Coupon Convertible Debentures due 2018 (the "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 May 5, 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.
On May 5, 1999, the Company issued a press release announcing a
recapitalization plan. According to the press release, the plan includes a
rights offering (the "Rights Offering"), in which all stockholders would receive
rights to purchase new AMF Common Stock, and a tender offer (the "Tender Offer")
by the Company for a portion of its outstanding Debentures at a discount.
According to the press release, the number of rights per share to be offered and
the exercise price of the rights have not been determined. The press release
indicated that the Company currently expects to raise approximately $140 million
in the Rights Offering and currently intends to use a portion of the proceeds of
the Rights Offering to make the Tender Offer for a minimum of 45% and up to 60%
of the outstanding Debentures at an indicated
13
<PAGE> 15
SCHEDULE 13D
- --------------------------------
CUSIP No. 03113V109
- --------------------------------
price not to exceed 14% of face value. On May 5, 1999, the Company filed with
the Securities and Exchange Commission a preliminary Registration Statement on
Form S-3 with respect to the Rights Offering. The Limited Partnerships have
informed the Company that they currently expect to (i) fully exercise their
basic subscription privileges in the Rights Offering and (ii) tender Debentures
owned by the Limited Partnerships in the Tender Offer under the terms of the
Tender Offer, subject to market conditions and their satisfaction with the final
terms and conditions of the Rights Offering and the Tender Offer. The Limited
Partnerships are under no obligation to participate in the Rights Offering or to
tender Debentures in the Tender Offer.
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 May 5, 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
preliminary Registration Statement on Form S-3 filed with the Securities and
Exchange Commission on May 5, 1999 that there were 59,597,550 shares of Common
Stock outstanding as of April 29, 1999. 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.
None of the Filing Persons beneficially owns any shares of Common Stock
other than as set forth herein.
Based on Amendment No. 4 to a Schedule 13D filed by the Other Investors
and certain other persons on May 10, 1999, the Other Investors may be deemed to
be the beneficial owners of an aggregate of 34,511,354 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 53.9% 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.
14
<PAGE> 16
SCHEDULE 13D
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CUSIP No. 03113V109
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(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 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 (incorporated herein by reference to Exhibit 99.3 of the Amendment
No. 1 to the Statement on Schedule 13D filed with respect to the Common
Stock of the Company on March 8, 1999, File No. 005-52055).
15
<PAGE> 17
SCHEDULE 13D
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CUSIP No. 03113V109
- --------------------------------
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 (incorporated herein by reference
to Exhibit 99.5 of the Amendment No. 1 to the Statement on Schedule 13D
filed with respect to the Common Stock of the Company on March 8, 1999, File
No. 005-52055).
16
<PAGE> 18
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: May 5, 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> 19
*
----------------------------------
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> 20
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 (incorporated herein by reference to Exhibit 99.3 of the Amendment
No. 1 to the Statement on Schedule 13D filed with respect to the Common
Stock of the Company on March 8, 1999, File No. 005-52055).
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 (incorporated herein by reference
to Exhibit 99.5 of the Amendment No. 1 to the Statement on Schedule 13D
filed with respect to the Common Stock of the Company on March 8, 1999, File
No. 005-52055).
