<PAGE>
-------------------------------
OMB APPROVAL
-------------------------------
OMB Number: 3235-0145
Expires: November 30, 1999
Estimated average burden
hours per response . . . 14.90
-------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
(Amendment No. 7)1
Capital Pacific Holdings, Inc.
(Name of Issuer)
Common Stock, par value $.10
(Title of Class of Securities)
14040M104
(CUSIP Number)
Mark C. Wehrly
Farallon Capital Management, L.L.C.
One Maritime Plaza, Suite 1325
San Francisco, California 94111
(415) 421-2132
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 3, 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 [ ].
Note. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule 13d-7(b)
for other parties to whom copies are to be sent.
(Continued on following pages)
Page 1 of 29 Pages
Exhibit Index Found on Page 26
- -------------------------
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 disclosures provided in a prior cover page.
The information required on 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 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>
13D
===============================
CUSIP No. 14040M104
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
California Housing Finance, L.P.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
2,809,851 Shares, which is 20.2% of the class of securities.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2%
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
PN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 29 Pages
<PAGE>
13D
===============================
CUSIP No. 14040M104
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
California Housing Finance, LLC
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
2,809,851 Shares, which is 20.2% of the class of securities.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2%
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
OO
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 29 Pages
<PAGE>
13D
===============================
CUSIP No. 14040M104
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Farallon Capital Management, L.L.C.
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
2,809,851 Shares, which is 20.2% of the class of securities.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2%
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IA, OO
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 29 Pages
<PAGE>
13D
===============================
CUSIP No. 14040M104
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Enrique H. Boilini
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
2,809,851 Shares, which is 20.2% of the class of securities.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
AF, OO
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Argentina
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2%
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 29 Pages
<PAGE>
13D
===============================
CUSIP No. 14040M104
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
David I. Cohen
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
2,809,851 Shares, which is 20.2% of the class of securities.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
South Africa
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2%
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 29 Pages
<PAGE>
13D
===============================
CUSIP No. 14040M104
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Joseph F. Downes
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
2,809,851 Shares, which is 20.2% of the class of securities.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2%
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 29 Pages
<PAGE>
13D
===============================
CUSIP No. 14040M104
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Duhamel
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
2,809,851 Shares, which is 20.2% of the class of securities.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2%
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 29 Pages
<PAGE>
13D
===============================
CUSIP No. 14040M104
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jason M. Fish
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
2,809,851 Shares, which is 20.2% of the class of securities.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2%
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 29 Pages
<PAGE>
13D
===============================
CUSIP No. 14040M104
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Andrew B. Fremder
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
2,809,851 Shares, which is 20.2% of the class of securities.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2%
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 10 of 29 Pages
<PAGE>
13D
===============================
CUSIP No. 14040M104
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Richard B. Fried
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
2,809,851 Shares, which is 20.2% of the class of securities.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2%
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 11 of 29 Pages
<PAGE>
13D
===============================
CUSIP No. 14040M104
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
William F. Mellin
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
2,809,851 Shares, which is 20.2% of the class of securities.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2%
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 12 of 29 Pages
<PAGE>
13D
===============================
CUSIP No. 14040M104
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Stephen L. Millham
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
2,809,851 Shares, which is 20.2% of the class of securities.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2%
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 13 of 29 Pages
<PAGE>
13D
===============================
CUSIP No. 14040M104
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Meridee A. Moore
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
2,809,851 Shares, which is 20.2% of the class of securities.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2%
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 14 of 29 Pages
<PAGE>
13D
===============================
CUSIP No. 14040M104
===============================
- ---------======================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Thomas F. Steyer
- ---------======================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ X ]**
** The reporting persons making this filing hold an aggregate of
2,809,851 Shares, which is 20.2% of the class of securities.
- ---------======================================================================
3 SEC USE ONLY
- ---------======================================================================
4 SOURCE OF FUNDS*
N/A
- ---------======================================================================
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[ ]
- ---------======================================================================
6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ----------------------=========================================================
NUMBER OF 7 SOLE VOTING POWER
SHARES -0-
------=========================================================
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 2,809,851
------=========================================================
EACH 9 SOLE DISPOSITIVE POWER
REPORTING -0-
------=========================================================
PERSON WITH 10 SHARED DISPOSITIVE POWER
2,809,851
- ----------------------=========================================================
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,809,851
- ---------======================================================================
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
- ---------======================================================================
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
20.2%
- ---------======================================================================
14 TYPE OF REPORTING PERSON*
IN
- ---------======================================================================
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 15 of 29 Pages
<PAGE>
This Amendment No. 7 to Schedule 13D amends the Schedule 13D initially
filed on September 30, 1997 (collectively, with all amendments thereto, the
"Schedule 13D").2
Item 2. Identity And Background
Item 2 of the Schedule 13D is amended and restated in its entirety as
follows:
(a) This statement is filed by the entities and persons listed below, all
of whom together are referred to herein as the "Reporting Persons."
The Partnership
(i) California Housing Finance, L.P., a Delaware limited
partnership (the "Partnership"), with respect to the Shares
held by it.
The General Partner Of The Partnership
(ii) California Housing Finance, LLC, a Delaware limited liability
company which is the general partner of the Partnership (the
"General Partner"), with respect to the Shares held by the
Partnership.3
The Management Company
(iii) Farallon Capital Management, L.L.C., a Delaware limited
liability company (the "Management Company"), with respect to
the Shares held by the Partnership.
The Managing Members Of The Management Company
(iv) The following persons who are managing members of the
Management Company, with respect to the Shares held by the
Partnership: Enrique H. Boilini ("Boilini"), David I. Cohen
("Cohen"), Joseph F. Downes
- ---------------------
2 The original Schedule 13D and Amendments No. 1-6 were filed under CIK #
0001012168. Amendment No. 7 was filed under CIK # 0000909661, as will be all
future amendments to the Schedule 13D.
3 The limited partners of the Partnership are Farallon Capital Partners,
L.P., a California limited partnership ("FCP"), a discretionary account (the
"Managed Account") managed by the Management Company (as defined herein), RR
Capital Partners, L.P., a Delaware limited partnership ("RR") and Farallon
Special Situation Partners, L.P., a Delaware limited partnership ("FSSP").
The members of the General Partner are FCP, the Managed Account, RR and
FSSP.
Page 16 of 29 Pages
<PAGE>
("Downes"), William F. Duhamel ("Duhamel"), Jason M. Fish
("Fish"), Andrew B. Fremder ("Fremder"), Richard B. Fried
("Fried"), William F. Mellin ("Mellin"), Stephen L. Millham
("Millham"), Meridee A. Moore ("Moore") and Thomas F. Steyer
("Steyer").
Boilini, Cohen, Downes, Duhamel, Fish, Fremder, Fried, Mellin, Millham,
Moore, and Steyer are together referred to herein as the "Individual Reporting
Persons."
(b) The address of the principal business and principal office of (i) the
Partnership, the General Partner and the Management Company is One Maritime
Plaza, Suite 1325, San Francisco, California 94111 and (ii) each of the
Individual Reporting Persons is set forth in Annex 1 hereto.
(c) The principal business of the Partnership is to invest in and engage in
certain financial transactions with the Company and its affiliates. The
principal business of the General Partner is to act as the general partner of
the Partnership. The principal business of the Management Company is that of a
registered investment adviser. The Management Company also acts as the manager
of the General Partner. The principal business of each of the Individual
Reporting Persons is set forth in Annex 1 hereto.
(d) None of the Partnership, the General Partner, the Management Company or
any of the Individual Reporting Persons has, during the last five years, been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) None of the Partnership, the General Partner, the Management Company or
any of the Individual Reporting Persons has, during the last five years, been
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.
Page 17 of 29 Pages
<PAGE>
(f) The citizenship of each of the Partnership, the General Partner and the
Management Company is set forth above. Each of the Individual Reporting Persons
is a United States citizen other than (i) Enrique H. Boilini who is an
Argentinean citizen and (ii) David I. Cohen who is a South African citizen.
The other information required by Item 2 relating to the identity and
background of the Reporting Persons is set forth in Annex 1 hereto.
Item 4. Purpose Of The Transaction.
The following existing paragraph of Item 4 of the Schedule 13D is amended
and restated to read as follows:
In order to maximize and protect the value of the Partnership's investment
in the Company and the New LLC and to exercise its minority protections and
other rights, the Reporting Persons intend to engage in communications from time
to time with one or more shareholders or bondholders of the Company, one or more
officers of the Company, one or more members of the board of directors of the
Company, potential investors in the Company and/or other third parties and any
financial advisers to the Company regarding the Company, the New LLC and their
affiliates and subsidiaries (including but not limited to operations,
acquisitions or dispositions, refinancings, recapitalizations and other
strategic transactions that could be undertaken by the Company, the New LLC
and/or their affiliates and subsidiaries). The Reporting Persons may in such
communications advocate a particular course of action. The Reporting Persons, if
permitted by the Company, may participate in the planning and/or negotiation of
any such transaction.
In addition, the General Partner of the Partnership has entered into a
letter agreement (a copy of which is attached to this Schedule 13D as Exhibit I)
with the Company and Capital Pacific Holdings, LLC (the "LLC"), a subsidiary of
the Company, pursuant to which the General Partner
Page 18 of 29 Pages
<PAGE>
has committed, until January 31, 2000, to provide the LLC with a credit facility
of up to $30,000,000 for the sole purpose of permitting the LLC to repurchase
its 12--3/4% Senior Notes issued under the Indenture dated May 13, 1994, as
amended. The credit facility is expected to be non-recourse. The parties have
not yet agreed to any other terms. The commitment to make such credit facility
available is subject to the parties resolving all remaining terms and conditions
and entering into definitive documentation with respect thereto.
Item 5. Interest In Securities Of The Issuer.
Item 5 of the Schedule 13D is amended and restated in its entirety as
follows:
(a) The Partnership
(a),(b) The information set forth in Rows 7 through 13 of the cover
page hereto for the Partnership is incorporated herein by
reference for each such Partnership. The percentage amount
set forth in Row 13 of each cover page filed herewith as
well as Footnote Two hereto is calculated based upon the
13,879,811 Shares outstanding as of October 1, 1999 as
reported by the Company in its Quarterly Report on Form 10-Q
for the period ended August 31, 1999 filed with the
Securities and Exchange Commission on October 15, 1999.
(c) There have been no transactions in the Shares since the filing of
the prior Schedule 13D.
(d) The General Partner, as general partner of the Partnership, has
the power to direct the affairs of the Partnership, including the
disposition of the proceeds of the sale of the Shares owned by
the Partnership. The Management Company, as manager of the
General Partner, has the power to direct the affairs of the
General Partner including the disposition of the proceeds of the
sale of the Shares. The Individual Reporting Persons are managing
members of the General Partner.
(e) Not applicable.
(b) The General Partner
(a),(b) The information set forth in Rows 7 through 13 of the cover
page hereto for the General Partner is incorporated herein
by reference.
(c) None.
Page 19 of 29 Pages
<PAGE>
(d) The Management Company, as manager of the General Partner, has
the power to direct the affairs of the General Partner including
the disposition of the proceeds of the sale of the Shares. The
Individual Reporting Persons are managing members of the General
Partner.
(e) Not applicable.
(c) The Management Company
(a),(b) The information set forth in Rows 7 through 13 of the cover
page hereto for the Management Company is incorporated
herein by reference.
(c) None.
(d) The Management Company, as manager of the General Partner, has
the power to direct the affairs of the General Partner including
the disposition of the proceeds of the sale of the Shares. The
Individual Reporting Persons are managing members of the General
Partner.
(e) Not applicable.
(d) The Individual Reporting Persons
(a),(b) The information set forth in Rows 7 through 13 of the cover
page hereto for each Individual Reporting Person is
incorporated herein by reference for each such Individual
Reporting Person.
(c) None.
(d) The General Partner, as general partner of the Partnership, has
the power to direct the affairs of the Partnership, including the
disposition of the proceeds of the sale of the Shares owned by
the Partnership. The Management Company, as manager of the
General Partner, has the power to direct the affairs of the
General Partner including the disposition of the proceeds of the
sale of the Shares. The Individual Reporting Persons are managing
members of the General Partner.
(e) Not applicable.
The Shares reported hereby for the Partnership are owned directly by it.
The General Partner, as general partner of the Partnership, may be deemed to be
the beneficial owner of all Shares owned by the Partnership. The Management
Company, as manager of the General Partner, may be deemed to be the beneficial
owner of all Shares owned by the Partnership. Each of the Individual Reporting
Persons may be deemed, as a managing member of the Management Company, to be the
beneficial
Page 20 of 29 Pages
<PAGE>
owner of all Shares owned by the Partnership. Each of the General Partner, the
Management Company and the Individual Reporting Persons hereby disclaims any
beneficial ownership of any such Shares.
Item 6. Contracts, Arrangements, Understandings Or
Relationships With Respect To Securities Of The Issuer.
Item 6 of the Schedule 13D is amended and updated as follows:
The General Partner of the Partnership has entered into a letter agreement
with the LLC, pursuant to which the General Partner has committed, until January
31, 2000, to provide the LLC with a credit facility of up to $30,000,000 for the
sole purpose of permitting the LLC to repurchase its 12--3/4% Senior Notes
issued under the Indenture dated May 13, 1994, as amended. The credit facility
is expected to be non-recourse. The parties have not yet agreed to any other
terms. The agreement to make such loans is subject to the parties resolving all
remaining terms and conditions and entering into definitive documentation with
respect thereto.
Item 7. Materials To Be Filed As Exhibits.
There is filed herewith as Exhibit I the letter between the General
Partner of the Partnership, the Company and the LLC pursuant to which the
General Partner committed to provide the credit facility to the LLC as described
in Items 4 and 6 above.
Page 21 of 29 Pages
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated: November 3, 1999
CALIFORNIA HOUSING FINANCE, L.P.
By: California Housing Finance, LLC,
its General Partner
By: Farallon Capital Management, L.L.C.
its Manager
/s/ Joseph F. Downes
----------------------------------------
By: Joseph F. Downes,
Managing Member
CALIFORNIA HOUSING FINANCE, LLC
By: Farallon Capital Management, L.L.C.
its Manager
/s/ Joseph F. Downes
----------------------------------------
By: Joseph F. Downes,
Managing Member
FARALLON CAPITAL MANAGEMENT, L.L.C.
/s/ Joseph F. Downes
----------------------------------------
By: Joseph F. Downes,
Managing Member
/s/ Joseph F. Downes
----------------------------------------
Joseph F. Downes, individually and as
attorney-in-fact for each of Enrique H. Boilini,
David I. Cohen, William F. Duhamel, Jason M. Fish,
Andrew B. Fremder, Richard B. Fried,
William F. Mellin, Stephen L. Millham,
Meridee A. Moore, and Thomas F. Steyer.
[continued on next page]
Page 22 of 29 Pages
<PAGE>
[continued from prior page]
The Powers of Attorney, each executed by Boilini, Cohen, Fish, Fremder,
Mellin, Millham, Moore and Steyer authorizing Downes to sign and file this
Schedule 13D on each person's behalf, which were filed with Amendment No. 1 to
the Schedule 13D filed with the Securities and Exchange Commission on January
20, 1998, by such Reporting Persons with respect to the Units of Spiros
Development Corporation II, Inc., are hereby incorporated by reference. The
Powers of Attorney, each executed by Duhamel and Fried authorizing Downes to
sign and file this Schedule 13D on each person's behalf, which were filed with
Amendment No. 7 to the Schedule 13D filed with the Securities and Exchange
Commission on February 9, 1999 by such Reporting Persons with respect to the
Callable Class A Common Stock of Crescendo Pharmaceuticals Corporation, are
hereby incorporated by reference.
Page 23 of 29 Pages
<PAGE>
ANNEX 1
Set forth below with respect to the Partnership, the General Partner, the
Management Company is the following: (a) name; (b) address; (c) principal
business; (d) state of organization; and (e) controlling persons. Set forth
below with respect to each managing member of the Management Company is the
following: name; business address; principal occupation; and citizenship.
1. The Partnership
(a) California Housing Finance, L.P.
(b) c/o Farallon Capital Management, L.L.C.
(c) One Maritime Plaza, Suite 1325
San Francisco, CA 94111
(d) Invests and engages in certain financial transactions with the
Company and its affiliates
(e) Delaware limited partnership
(f) General Partner: California Housing Finance, L.L.C.
2. The General Partner
(a) California Housing Finance, L.L.C.
(b) c/o Farallon Capital Management, L.L.C.
One Maritime Plaza, Suite 1325
San Francisco, CA 94111
(c) Acts as General Partner of California Housing Finance, L.P.
(d) Delaware limited liability company
(e) Manager: Farallon Capital Management, L.L.C.
3. The Management Company
(a) Farallon Capital Management, L.L.C.
(b) One Maritime Plaza, Suite 1325
San Francisco, CA 94111
(c) Serves as investment adviser to various managed accounts. Also
acts as manager of California Housing Finance, L.L.C.
(d) Delaware limited liability company
(e) Managing Members: Thomas F. Steyer, Senior Managing Member;
Enrique H. Boilini, David I. Cohen, Joseph H. Downes, William F.
Duhamel, Jason M. Fish, Andrew B. Fremder, Richard B. Fried,
William F. Mellin, Stephen L. Millham and Meridee A. Moore,
Managing Members.
4. The Individual Reporting Persons
Except as stated below, each of the Individual Reporting Persons is a
United States citizen whose business address is c/o Farallon Capital
Management, L.L.C., One Maritime Plaza, Suite 1325, San Francisco,
California 94111. Enrique H. Boilini is an Argentinean citizen
Page 24 of 29 Pages
<PAGE>
whose business address is c/o Farallon Capital Management, L.L.C., 75 Holly
Hill Lane, Greenwich, Connecticut 06830. David I. Cohen is a South African
citizen. The principal occupation of Thomas F. Steyer is serving as senior
managing member of the Management Company. The principal occupation of each
Individual Reporting Person is serving as a managing member of both the
Management Company.
Page 25 of 29 Pages
<PAGE>
EXHIBIT INDEX
EXHIBIT I Letter among California Housing Finance, LLC,
Capital Pacific Holdings, Inc. and Capital Pacific
Holdings, LLC dated as of November 3, 1999.
Page 26 of 29 Pages
<PAGE>
EXHIBIT I
[EXECUTION COPY]
CALIFORNIA HOUSING FINANCE, LLC
One Maritime Plaza
Suite 1325
San Francisco, California 94111
November 3, 1999
Capital Pacific Holdings, LLC
c/o Capital Pacific Holdings, Inc.
4100 Macarthur Blvd.
Suite 200
Newport Beach, California 92660
Capital Pacific Holdings, Inc.
4100 Macarthur Blvd.
Suite 200
Newport Beach, California 92660
Loan to Capital Pacific Holdings, LLC
Gentlemen:
Subject to the conditions set forth below, California Housing Finance,
LLC ("CHF") hereby commits, from the date of this letter agreement through
January 31, 2000, to provide a credit facility (the "Loan") of up to $30,000,000
to Capital Pacific Holdings, LLC (the "Borrower"), for the sole purpose of
allowing the Borrower to repurchase its 12--3/4% Senior Notes (the "Bonds")
issued under the Indenture dated May 13, 1994, as amended (the "Indenture"). The
Loan is expected to be non-recourse.
CHF's commitment is expressly subject to, and conditioned upon (a) the
negotiation, execution and delivery of mutually acceptable loan documentation,
(b) CHF's satisfaction, in its sole discretion, with all of the remaining terms
and conditions of the Loan, including, without limitation, the interest rate,
maturity date, collateral, prepayment terms and events of default, and (c) CHF's
satisfaction with the terms of the repurchase of the Bonds by the Borrower.
Each of the parties hereto agrees to negotiate reasonably in good faith
to reach a mutually acceptable agreement with respect to the remaining terms and
conditions of the Loan.
Please acknowledge your acceptance of the terms of this letter agreement
and the attached Term Sheet by executing this letter agreement in the
appropriate place provided below.
<PAGE>
This letter agreement shall be governed by the laws of the State of New
York and may be executed in counterparts.
CALIFORNIA HOUSING FINANCE, LLC
By: Farallon Capital Management,L.L.C., its
Manager
By: /s/ Jason M. Fish
----------------------------------------
Name: Jason M. Fish
Title: Managing Member
ACCEPTED AND AGREED:
CAPITAL PACIFIC HOLDINGS, INC.
By:
----------------------------------
Name:
Title:
CAPITAL PACIFIC HOLDINGS, LLC
By:
----------------------------------
Name:
Title:
<PAGE>
This letter agreement shall be governed by the laws of the State of New
York and may be executed in counterparts.
CALIFORNIA HOUSING FINANCE, LLC
By: Farallon Capital Management,L.L.C., its
Manager
By:
----------------------------------------
Name:
Title:
ACCEPTED AND AGREED:
CAPITAL PACIFIC HOLDINGS, INC.
By: /s/ Hadi Makarechian
----------------------------------
Name:
Title:
CAPITAL PACIFIC HOLDINGS, LLC
By: /s/ Hadi Makarechian
----------------------------------
Name:
Title:
