SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Loews Cineplex Entertainment Corporation
- --------------------------------------------------------------------------------
(Name of Issuer)
Shares of Common Stock, par value $0.01 per share
- --------------------------------------------------------------------------------
(Title of Class of Securities)
54023-10-0
- --------------------------------------------------------------------------------
(CUSIP Number)
December 31, 1999
- --------------------------------------------------------------------------------
(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)
*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 (the "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).
Page 1
<PAGE>
________________________________________________________________________________
CUSIP No. 54023-10-0 SCHEDULE 13G
________________________________________________________________________________
________________________________________________________________________________
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
MDP Ventures II LLC
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,134,300
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.05%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON
OO
________________________________________________________________________________
Page 2
<PAGE>
________________________________________________________________________________
CUSIP No. 54023-10-0 SCHEDULE 13G
________________________________________________________________________________
________________________________________________________________________________
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Millennium Development Partners II LLC
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,134,300
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.05%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON
OO
________________________________________________________________________________
Page 3
<PAGE>
________________________________________________________________________________
CUSIP No. 54023-10-0 SCHEDULE 13G
________________________________________________________________________________
________________________________________________________________________________
1. NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Christopher M. Jeffries
________________________________________________________________________________
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [_]
(b) [X]
________________________________________________________________________________
3. SEC USE ONLY
________________________________________________________________________________
4. CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
________________________________________________________________________________
NUMBER OF 5. SOLE VOTING POWER
SHARES 4,134,300
_________________________________________________________________
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
_________________________________________________________________
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 4,134,300
_________________________________________________________________
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
________________________________________________________________________________
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,134,300
________________________________________________________________________________
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
________________________________________________________________________________
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.05%
________________________________________________________________________________
12. TYPE OF REPORTING PERSON
IN
________________________________________________________________________________
Page 4
<PAGE>
________________________________________________________________________________
CUSIP No. 54023-10-0 SCHEDULE 13G
________________________________________________________________________________
Item 1(a). Name of Issuer:
Loews Cineplex Entertainment Corporation
Item 1(b). Address of Issuer's Principal Executive Offices:
Loews Cineplex Entertainment Corporation
711 Fifth Avenue
New York, New York 10022
Item 2(a). Name of Person Filing:
This Schedule 13G is being filed by (i) MDP Ventures II LLC ("MDP
Ventures"), (ii) Millennium Development Partners II LLC ("Millennium
Development") and (iii) Christopher M. Jeffries ("CMJ", and together
with MDP Ventures and Millennium Development, the "Reporting
Persons").
Item 2(b). Address of Principal Business Office or, if none, Residence:
The principal business office for each of the Reporting Persons is:
c/o Millennium Partners Management LLC
1995 Broadway
New York, NY 10023
Attention: Steven L. Hoffman
Item 2(c). Citizenship:
CMJ is a citizen of the United States of America.
MDP Ventures and Millennium Development were both organized in the
State of New York.
Item 2(d). Title of Class of Securities:
Shares of Common Stock, par value $0.01 per share (the "Common
Stock").
Item 2(e). CUSIP Number:
54023-10-0
Item 3. If this statement is filed pursuant to ss.ss240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
Not Applicable.
Page 5
<PAGE>
________________________________________________________________________________
CUSIP No. 54023-10-0 SCHEDULE 13G
________________________________________________________________________________
Item 4. Ownership
(a) As of the date of this Schedule 13G, (i) MDP Ventures
beneficially owned an aggregate of 4,134,300 shares of the
Common Stock, constituting 7.05% of the shares of Common Stock
outstanding; (ii) Millennium Development beneficially owned an
aggregate 4,134,300 shares of the Common Stock, constituting
7.05% of the shares of Common Stock outstanding and (iii) CMJ
beneficially owned an aggregate of 4,134,300 shares of the
Common Stock, constituting 7.05% of the shares of Common Stock
outstanding.
(b) Percent of Class: 7.05%
(c) MDP Ventures is the holder of record with respect to 4,134,300
shares of Common Stock. Millennium Development, as the managing
member of MDP Ventures, has the power to vote and the power to
dispose of the Common Stock held by MDP Ventures. CMJ, as the
holder of a majority of the limited liability company interests
of Millennium Development, has the power to manage Millennium
Development and therefore has the sole power to vote and the
sole power to dispose of the Common Stock held by MDP Ventures.
The Reporting Persons do not have shared power to vote or
direct the vote, or shared power to dispose or to direct the
disposition of the Common Stock.
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
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 the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
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.
Page 6
<PAGE>
________________________________________________________________________________
CUSIP No. 54023-10-0 SCHEDULE 13G
________________________________________________________________________________
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 7, 2000
MDP VENTURES II LLC
By: /s/ Steven L. Hoffman
---------------------------------
Steven L. Hoffman, Vice President
MILLENNIUM DEVELOPMENT PARTNERS II LLC
By: /s/ Steven L. Hoffman
---------------------------------
Steven L. Hoffman, Vice President
CHRISTOPHER M. JEFFRIES
/s/ Steven L. Hoffman
-------------------------------------------
By: Steven L. Hoffman, his attorney-in-fact
Page 7
