SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
(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)
Under the Securities Exchange Act of 1934
(Amendment No.2)
AT Plastics
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
001947100
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(CUSIP Number)
Dennis J. Block, Esq.,
100 Maiden Lane, New York, NY 10038
(212) 504-6000
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
February 22, 2000
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(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(d)(3) or (4), 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.
*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 ("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 13D
CUSIP No. 001947100 Page 2 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Perry Corp.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)(a)|_| (b)|x|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)|_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
New York
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7 SOLE VOTING POWER
10,407,400
NUMBER OF
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH
REPORTING --------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 10,407,400
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,407,400
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.3%
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14 TYPE OF REPORTING PERSON (See Instructions)
CO
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<PAGE>
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SCHEDULE 13D
CUSIP No. 001947100 Page 3 of 6 Pages
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard C. Perry
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions)(a)|_| (b)|x|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS (See Instructions)
OO
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e)|_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
10,407,400 (all shares benefically owned by
NUMBER OF Perry Corp.)
SHARES --------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
EACH
REPORTING --------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 10,407,400 (all shares benefically owned by
Perry Corp.)
--------------------------------------------------------
10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,407,400 (all shares benefically owned by Perry Corp.)
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
(See Instructions)|_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.3%
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14 TYPE OF REPORTING PERSON (See Instructions)
IN
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<PAGE>
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SCHEDULE 13D
CUSIP No. 001947100 Page 4 of 6 Pages
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INTRODUCTION
This Amendment No. 2 relates to the Schedule 13D filed on behalf of Perry
Corp. and Richard C. Perry with the Securities and Exchange Commission on
February 19, 1999 and on March 16, 1999, and further amended hereby (the
"Schedule 13D"). Items 3, 4, 5 and 6 of the Schedule 13D are amended and
supplemented as follows:
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The source of the funds for the purchase of the Common Shares
reported herein was the investment capital of certain investment accounts under
the management and control of Perry Corp. The total amount of such funds is CAN$
18,747,712.
ITEM 4. PURPOSE OF TRANSACTION.
On February 22, 2000, certain funds under the management and control
of Perry Corp. acquired 6,817,350 Common Shares pursuant to an underwritten
public offering in Canada and a private placement in the United States of Common
Shares of the Issuer.
Andrew J. Smith, a managing director of Perry Capital LLC (which is
an affiliate of Perry Corp.), is the Chairman of the board of directors and
interim President and Chief Executive Officer of the Issuer. Geoff Perrera, a
principal of Perry Capital LLC, is Vice President, Finance and Chief Financial
Officer of the Issuer. Veronica Ho, a managing director of Perry Corp., is a
director of the Issuer.
Except as disclosed above, the Reporting Persons do not have any
present intention to take any of the actions described in paragraphs (b) through
(j) of Item 4 of Schedule 13D. However, the Reporting Persons may, subject to
the continuing evaluation of the Issuer's condition and prospects, acquire from
time to time additional securities of the Issuer in the open market or in
privately negotiated transactions or otherwise. Depending on such evaluation,
the Reporting Persons may, from time to time, retain or sell all or a portion of
the securities of the Issuer beneficially owned by them in the open market or in
privately negotiated transactions. Any actions the Reporting Persons may take
will be dependent on numerous facts, including general market and economic
conditions, the ongoing evaluation of the Issuer's business and prospects and
future developments.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) Based on publicly available information the Issuer has
33,269,265 Common Shares issued and outstanding.
Perry Corp. is the beneficial owner of 10,407,400 Common Shares,
or 31.3% of the outstanding Common Shares. Richard C. Perry may be deemed the
beneficial owner of 10,407,400 Common Shares, or 31.3% of the outstanding
Common Shares. Mr. Perry disclaims such beneficial ownership.
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SCHEDULE 13D
CUSIP No. 001947100 Page 5 of 6 Pages
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(b)
PERRY CORP. RICHARD C. PERRY
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SOLE POWER TO VOTE/
DIRECT VOTE 10,407,400 10,407,400
SHARED POWER TO VOTE/
DIRECT VOTE None None
SOLE POWER TO DISPOSE/
DIRECT DISPOSITION 10,407,400 10,407,400
SHARED POWER TO
DISPOSE/ DIRECT
DISPOSITION None None
(c) Pursuant to the transactions described in Item 4, on February
22, 2000, Perry Corp. acquired beneficial ownership of 6,817,350 Common Shares
of the Issuer at a price of CAN$2.75 per share or a total of CAN$18,747,712.50.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
On February 22, 2000, the Issuer and two funds managed and
controlled by Perry Corp., Perry Partners, L.P. and Perry Partners
International, Inc., entered into a registration rights agreement pursuant to
which the Issuer granted Perry Partners, L.P. and Perry Partners
International, Inc. certain rights to require the Issuer to register under
the Securities Act of 1933 the shares of Common Stock reported in Item 4.
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SCHEDULE 13D
CUSIP No. 001947100 Page 6 of 6 Pages
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SIGNATURE.
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 23, 2000
Perry Corp.
By: /s/ Richard C. Perry
-----------------------------------
Richard C. Perry
President and Chief Executive Officer
/s/ Richard C. Perry
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Richard C. Perry
