UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No. 1
Loews Cineplex Entertainment Corporation
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(Name of Issuer)
Shares of Common Stock, par value $0.01 per share
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(Title of Class of Securities)
54023-10-0
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(CUSIP Number)
August 25, 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)
* 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 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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SCHEDULE 13G
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CUSIP No. 54023-10-0
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1 Names of Reporting Persons
I.R.S. Identification Nos. of above Persons (entities only)
MDP Ventures II LLC
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2 Check the Appropriate Box if a Member of a Group (a) |_|
(See Instructions) (b) |x|
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3 SEC Use Only
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4 Citizenship or Place of Organization
New York
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5 Sole Voting Power
0
Number of ------------------------------------------------------------
Shares 6 Shared Voting Power
Beneficially 0
Owned by ------------------------------------------------------------
Each 7 Sole Dispositive Power
Reporting 0
Person with ------------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
6,092,700
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10 Check Box If the Aggregate Amount in Row (9)
Excludes Certain Shares |_|
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11 Percent of Class Represented by Amount in Row (9)
10.4%
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12 Type of Reporting Person
OO
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SCHEDULE 13G
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CUSIP No. 54023-10-0
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1 Name of Reporting Persons
I.R.S. Identification Nos. of above Persons (entities only)
Millennium Development Partners II LLC
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2 Check the Appropriate Box if a Member of a Group (a) |_|
(See Instructions) (b) |x|
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3 SEC Use Only
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4 Citizenship or Place of Organization
New York
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5 Sole Voting Power
0
Number of ------------------------------------------------------------
Shares 6 Shared Voting Power
Beneficially 0
Owned by ------------------------------------------------------------
Each 7 Sole Dispositive Power
Reporting 0
Person with ------------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
6,092,700
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10 Check Box If the Aggregate Amount in Row (9)
Excludes Certain Shares |_|
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11 Percent of Class Represented by Amount in Row (9)
10.4%
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12 Type of Reporting Person
OO
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SCHEDULE 13G
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CUSIP No. 54023-10-0
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1 Name of Reporting Persons
I.R.S. Identification Nos. of above Persons (entities only)
Christopher M. Jeffries
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2 Check the Appropriate Box if a Member of a Group (a) |_|
(See Instructions) (b) |x|
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3 SEC Use Only
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4 Citizenship or Place of Organization
United States of America
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5 Sole Voting Power
6,092,700
Number of ------------------------------------------------------------
Shares 6 Shared Voting Power
Beneficially 0
Owned by ------------------------------------------------------------
Each 7 Sole Dispositive Power
Reporting 6,092,700
Person with ------------------------------------------------------------
8 Shared Dispositive Power
0
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9 Aggregate Amount Beneficially Owned by Each Reporting Person
6,092,700
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10 Check Box If the Aggregate Amount in Row (9)
Excludes Certain Shares |_|
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11 Percent of Class Represented by Amount in Row (9)
10.4%
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12 Type of Reporting Person
IN
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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; 11th Floor
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, New York 10023
Attention: Brian J. Collins
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 Sections 240.13d-1(b) or
240.13d-2(b) or (c), check whether the person is a:
Not Applicable.
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SCHEDULE 13G
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CUSIP No. 54023-10-0
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Item 4. Ownership:
(a) As of the date of this Amendment No. 1 to Schedule 13G, (i)
MDP Ventures beneficially owned an aggregate of 6,092,700
shares of the Common Stock, constituting 10.4% of the shares
of Common Stock outstanding; (ii) Millennium Development
beneficially owned an aggregate 6,092,700 shares of the Common
Stock, constituting 10.4% of the shares of Common Stock
outstanding, and (iii) CMJ beneficially owned an aggregate of
6,092,700 shares of the Common Stock, constituting 10.4% of
the shares of Common Stock outstanding.
(b) Percent of Class: 10.4%
(c) MDP Ventures is the holder of record with respect to 6,092,700
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
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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.
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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: September 14, 2000
MDP VENTURES II LLC
By:
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Steven L. Hoffman, Vice President
MILLENNIUM DEVELOPMENT PARTNERS II LLC
By:
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Steven L. Hoffman, Vice President
CHRISTOPHER M. JEFFRIES
By:
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Steven L. Hoffman, his attorney-in-fact
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