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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO 13d-2(b)
(AMENDMENT NO. )(1)
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ELECTRIC LIGHTWAVE, INC.
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(Name of Issuer)
CLASS A COMMON STOCK
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(Title of Class of Securities)
284895 10 9
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(CUSIP Number)
APRIL 13, 2000
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
/ / Rule 13d-1(b)
/X/ Rule 13d-1(c)
/ / Rule 13d-1(d)
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(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that
section of the Act but shall be subject to all other provisions of the Act
(however, see the NOTES).
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CUSIP No. 284895 10 9 13G Page 2 of 8
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1 NAMES OF REPORTING PERSON:
CANYON CAPITAL ADVISORS LLC
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
561,900
NUMBER --------------------------------------------------
OF 6 SHARED VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH 561,900
REPORTING --------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
561,900
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.2%
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12 TYPE OF REPORTING PERSON*
IA
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 284895 10 9 13G Page 3 of 8
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1 NAMES OF REPORTING PERSON:
MITCHELL R. JULIS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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5 SOLE VOTING POWER
0
NUMBER --------------------------------------------------
OF 6 SHARED VOTING POWER
SHARES 561,900
BENEFICIALLY --------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH 0
REPORTING --------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
561,900
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
561,900
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.2%
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12 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 284895 10 9 13G Page 4 of 8
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1 NAMES OF REPORTING PERSON:
JOSHUA S. FRIEDMAN
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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5 SOLE VOTING POWER
0
NUMBER --------------------------------------------------
OF 6 SHARED VOTING POWER
SHARES 561,900
BENEFICIALLY --------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH 0
REPORTING --------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
561,900
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
561,900
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.2%
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12 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP No. 284895 10 9 13G Page 5 of 8
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1 NAMES OF REPORTING PERSON:
R. CHRISTIAN B. EVENSEN
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY):
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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 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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5 SOLE VOTING POWER
0
NUMBER --------------------------------------------------
OF 6 SHARED VOTING POWER
SHARES 561,900
BENEFICIALLY --------------------------------------------------
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH 0
REPORTING --------------------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER
561,900
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
561,900
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
6.2%
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12 TYPE OF REPORTING PERSON*
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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ITEM 1.(a). NAME OF ISSUER:
Electric Lightwave, Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
4400 NE 77th Avenue
Vancouver, WA 98662
ITEM 2(a). NAME OF PERSON FILING:
This Schedule 13G is being filed on behalf of the following
persons*:
(i) Canyon Capital Advisors LLC ("CCA")
(ii) Mitchell R. Julis
(iii) Joshua S. Friedman
(iv) R. Christian B. Evensen
CCA is the investment advisor to the following persons:
(i) The Value Realization Fund, L.P. ("VRF")
(ii) The Value Realization Fund B, L.P. ("VRFB")
(iii) The Canyon Value Realization Fund (Cayman), Ltd. ("CVRF")
* Attached as Exhibit A is a copy of an agreement among the
persons filing (as specified hereinabove) that this Schedule 13G is being
filed on behalf of each of them.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The principal business office of the persons comprising
the group filing this Schedule 13G is located at 9665 Wilshire Boulevard,
Suite 200, Beverly Hills, CA 90212.
ITEM 2(). CITIZENSHIP:
CCA: a Delaware limited liability company
VRF: a Delaware limited partnership
VRFB: a Delaware limited partnership
CVRF: a Cayman Island corporation
Mitchell R. Julis: United States
Joshua S. Friedman: United States
R. Christian B. Evensen: United States
Page 6 of 8
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ITEM 2(d). TITLE OF CLASS OF SECURITIES:
The class of securities beneficially owned by the persons filing
this statement is common stock.
ITEM 2(e). CUSIP Number:
284895 10 9
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b), or 13d-2(b)
or (c) CHECK WHETHER THE PERSON FILING IS: One of the following
Not applicable as this Schedule 13G is filed pursuant to
Rule 13d 1(c).
ITEM 4. OWNERSHIP:
The information in items 1 and 5 through 11 on the cover pages
(pp. 2 - 5) on this Schedule 13G is hereby incorporated by reference.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the beneficial owner of
more than five percent of the class of securities check the following: / /
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON:
CCA is an investment advisor to various managed accounts,
including VRF, VRFB and CVRF, with the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of the
securities held by such managed accounts. Messrs. Julis, Friedman and
Evensen are the sole general partners of entities which own 100% of CCA.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP:
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable.
Page 7 of 8
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ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held
for the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or
effect.
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: April 19, 2000
CANYON CAPITAL ADVISORS LLC,
A DELAWARE LIMITED LIABILITY COMPANY
By: /s/ Joshua S Friedman
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Name: Joshua S. Friedman
Title: Managing Director
JOSHUA S. FRIEDMAN
/s/ Joshua S. Friedman
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MITCHELL R. JULIS
/s/ Mitchell R. Julis
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R. CHRISTIAN B. EVENSEN
/s/ R. Christian B. Evensen
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Page 8 of 8
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EXHIBIT 99.1
AGREEMENT REGARDING JOINT FILING
The undersigned hereby agree and consent to the joint filing on their
behalf of this Schedule 13G in connection with their beneficial ownership of
the Class A Common Stock of Electric Lightwave, Inc.
Dated: April 19, 2000
CANYON CAPITAL ADVISORS LLC,
a Delaware limited liability company
By: /s/ Joshua S Friedman
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Name: Joshua S. Friedman
Title: Managing Director
JOSHUA S. FRIEDMAN
/s/ Joshua S. Friedman
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MITCHELL R. JULIS
/s/ Mitchell R. Julis
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R. CHRISTIAN B. EVENSEN
/s/ R. Christian B. Evensen
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