If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule
13D, and is filing this Schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
1
SCHEDULE 13D/A
CUSIP NO. 29403700
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peritus Capital Partners, LLC
I.D. # 77-0493842
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
[ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER-0
8 SHARED VOTING POWER-1,646,052
9 SOLE DISPOSITIVE POWER-0
10 SHARED DISPOSITIVE POWER-1,646,052
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
1,646,052
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.9%
14 TYPE OF REPORTING PERSON
OO
SCHEDULE 13D/A
CUSIP NO. 29403700
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Peritus Asset Management, Inc.
I.D. # 94-3174137
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [X]
(b) [ ]
3 SEC USE ONLY
4 SOURCE OF FUNDS
WC
5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
[ ]
6 CITIZENSHIP OR PLACE OF ORGANIZATION
California
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
7 SOLE VOTING POWER-0
8 SHARED VOTING POWER-2,095,885
9 SOLE DISPOSITIVE POWER-0
10 SHARED DISPOSITIVE POWER-2,095,885
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,095,885
12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES [ ]
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.9%
14 TYPE OF REPORTING PERSON
IA
This Statement, which is being filed by Peritus Asset Management, Inc. and Peritus Capital Partners, LLC,
constitutes Amendment Number One to the Schedule 13D originally filed with the Securities and Exchange Commission
on March 17, 2000 (the "Schedule 13D"). The Schedule 13D relates to the shares of Common Stock, par value $.01
per share (the "Common Stock"), of Viskase Companies, Inc., a Delaware Corporation (the "Company").
Item 5.Interest in Securities of the Issuer.
Item 5 of the Schedule 13D is hereby amended to add the following:
As of the date of the filing of this amendment to Schedule 13D, PCP beneficially owns 1,646,052 shares,
representing 10.9% of the total outstanding shares of the class of securities identified pursuant
to Item 1 and PAMI beneficially owns 2,095,885 shares, representing 13.9% of the total outstanding
shares of the class of securities identified pursuant to Item 1.
The stated percentages are based on 15,058,439 shares of the Common Stock of the Company
outstanding as of November 10, 1999, as reported in the Company's quarterly report on Form 10-Q filed November
15, 1999.
Due to the fact that certain former clients of PAMI are no longer clients of PAMI and have
moved their funds away from PAMI since the last Schedule 13D was filed, in addition to the below reported
transactions (i.e. the trade blotter), the amount of shares beneficially owned by the reporting persons has
also decreased by 7,600.
Trade Blotter
DATE BUYER/SELLER NUMBER OF SHARES PRICE PER TYPE OF
SHARE TRANSACTION*
3/30/2000 PCP-Buy 442,362 $2.03 OM
4/03/2000 PCP-Buy 19,000 $2.04 OM
4/05/2000 PCP-Buy 35,490 $1.88 OM
4/05/2000 PAMI-Buy 23,900 $1.88 OM
4/11/2000 PCP-Buy 15,000 $2.21 OM
4/24/2000 PAMI-Buy 800 $2.50 OM
4/24/2000 PAMI-Buy 500 $2.69 OM
4/24/2000 PAMI-Buy 800 $2.72 OM
4/24/2000 PAMI-Buy 800 $2.75 OM
4/26/2000 PAMI-Buy 1,000 $2.25 OM
5/11/2000 PAMI-Sale 18,200 $2.63 PA
5/11/2000 PCP-Buy 18,200 $2.63 PA
5/16/2000 PAMI-Sale 3,000 $2.75 PA
5/16/2000 PCP-Buy 3,000 $2.75 PA
5/30/2000 PAMI-Buy 2,000 $2.13 OM
*Note: OM= Open Market Transaction; PA= Privately arranged transaction
2
SIGNATURES
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth in the statement
is true, complete and correct.
Dated: June 12, 2000
PERITUS CAPITAL PARTNERS, LLC
By: Peritus Asset Management, Inc., Manager
By: /s/
_______________________________________________
Timothy J. Gramatovich, President
PERITUS ASSET MANAGEMENT, INC.
By: /s/
______________________________________________
Timothy J. Gramatovich, President
EXHIBIT INDEX
Exhibit Page
Number Description Number
------ ----------- ------
1 Joint Filing Agreement, dated March 16, 2000, *
among the Reporting Persons.
________
* Previously filed with Schedule 13D on March 17, 2000.
