danaholding13g-02142014.htm
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
SCHEDULE 13G
 
Information to be Included in Statements Filed Pursuant to Rules 13d-1(b), (c) and (d) and Amendments Thereto Filed Pursuant to Rule 13d-2(b) (Amendment No. 1)*
 
 
Dana Holding Corporation
(Name of Issuer)
 
 
Common Stock
(Title of Class of Securities)
 
 
235825205
(CUSIP Number)
 
 
December 31, 2013
(Date of Event which Requires Filing of this Statement)
 
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
       
o   Rule 13d-1(b)  
       
x   Rule 13d-1(c)  
       
o   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).
 
 
 
 
 
 
 CUSIP NO.
235825205
  13G    
 
1 NAMES OF REPORTING PERSONS  
       
   
Silver Point Capital, L.P.
  
       
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o
      (b) x
       
3 SEC USE ONLY
   
4 CITIZENSHIP OR PLACE OF ORGANIZATION  
     
   
Delaware
  
     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH
 5 SOLE VOTING POWER  
     
   
6,628,001
  
     
6 SHARED VOTING POWER  
     
   
-0-
  
     
7 SOLE DISPOSITIVE POWER  
     
   
6,628,001
  
     
8 SHARED DISPOSITIVE POWER  
     
   
-0-
  
           
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
     
   
6,628,001
  
     
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o
     
       
11 PERCENT OF CLASS REPRESENTED IN ROW (9)  
     
   
4.3%1
  
     
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
     
   
IA, PN
  
     
 
 
1
The percentage used above is calculated based on 153,249,516 shares outstanding, consisting of 146,904,211 shares outstanding as of October 11, 2013, as reported in the Company’s Form 10-Q filed on October 29, 2013, plus 6,345,305 shares that could become outstanding upon conversion of convertible preferred stock that is convertible into shares of the Company’s common stock.
 
 
 
 
 
 
CUSIP NO.
235825205
 13G    
 
1 NAMES OF REPORTING PERSONS  
       
   
Edward A. Mulé
  
       
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o
      (b) x
       
3 SEC USE ONLY
   
4 CITIZENSHIP OR PLACE OF ORGANIZATION  
     
   
United States
  
     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH
 5 SOLE VOTING POWER  
     
   
-0-
  
     
6 SHARED VOTING POWER  
     
   
6,628,001
  
     
7 SOLE DISPOSITIVE POWER  
     
   
-0-
  
     
8 SHARED DISPOSITIVE POWER  
     
   
6,628,001
  
           
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
     
   
6,628,001
  
     
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o
     
       
11 PERCENT OF CLASS REPRESENTED IN ROW (9)  
     
   
4.3%1
  
     
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
     
   
IN
  
     
 
 
 
 
 
 
 
CUSIP NO.
235825205
 13G    
 
1 NAMES OF REPORTING PERSONS  
       
   
Robert J. O'Shea
  
       
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o
      (b) x
       
3 SEC USE ONLY
   
4 CITIZENSHIP OR PLACE OF ORGANIZATION  
     
   
United States
  
     
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH
 5 SOLE VOTING POWER  
     
   
-0-
  
     
6 SHARED VOTING POWER  
     
   
6,628,001
  
     
7 SOLE DISPOSITIVE POWER  
     
   
-0-
  
     
8 SHARED DISPOSITIVE POWER  
     
   
6,628,001
  
           
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  
     
   
6,628,001
  
     
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o
     
       
11 PERCENT OF CLASS REPRESENTED IN ROW (9)  
     
   
4.3%1
  
     
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)  
     
   
IN
  
     
 
 
 
 
 
 
CUSIP NO.
235825205
 13G    
 
 
Item 1 (a)
Name of Issuer:
   
 
The name of the issuer is Dana Holding Corporation (the “Company”).
   
Item 1 (b)
Address of Issuer’s Principal Executive Offices:
   
 
The Company's principal executive office is located at 3939 Technology Drive, Maumee, Ohio 43537.
   
Item 2(a)
Name of Person Filing:
   
 
This Schedule 13G is being jointly filed by Silver Point Capital, L.P., a Delaware limited partnership (“Silver Point”), Mr. Edward A. Mulé and Mr. Robert J. O’Shea with respect to the ownership of the common stock of the Company by Silver Point Capital Fund, L.P. (the “Fund”) and Silver Point Capital Offshore Fund, Ltd. (the “Offshore Fund”).2 Silver Point, Mr. Mulé and Mr. O’Shea are collectively referred to herein as the “Reporting Persons.”2
 
The Reporting Persons have entered into a Joint Filing Agreement, dated February 14, 2014, a copy of which is filed with this Schedule 13G as Exhibit A, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act.
   
Item 2(b)
Address of Principal Business Office or, if none, Residence:
   
 
The address of the principal business office of each of the Reporting Persons is Two Greenwich Plaza, Greenwich, Connecticut 06830.
   
Item 2(c)
Citizenship:
   
 
Silver Point is organized as a limited partnership under the laws of the State of Delaware.  Both Mr. Mulé and Mr. O’Shea are U.S. citizens.
   
Item 2(d)
Title of Class of Securities:
   
 
Common Stock, $0.001 par value per share.
   
Item 2(e)
CUSIP No.:
   
 
235825205
   
Item 3
If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a:
   
 
Not applicable.
   
 
 
 2
Silver Point is the investment manager of the Fund and the Offshore Fund and by virtue of such status may be deemed to be the beneficial owner of the securities held by the Fund and the Offshore Fund.  Silver Point Capital Management, LLC (“Management”) is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of the securities held by the Fund and the Offshore Fund. Each of Mr. Edward A. Mulé and Mr. Robert J. O’Shea is a member of Management and has voting and investment power with respect to the securities held by the Fund and the Offshore Fund and may be deemed to be a beneficial owner of the securities held by the Fund and the Offshore Fund.
 
 
 
 
 
 
CUSIP NO.
235825205
 13G    
 
Item 4
Ownerhsip:
 
   
A.   Silver Point Capital, L.P.
 
  (a)   Amount beneficially owned: 6,628,001
 
  (b)   Percent of class: 4.3%
 
  (c)   Number of shares as to which such person has:
 
  (i)   Sole power to vote or direct the vote: 6,628,001
   
  (ii)   Shared power to vote or direct the vote: -0-
   
  (iii)   Sole power to dispose or direct the disposition: 6,628,001
   
  (iv)   Shared power to dispose or direct the disposition: -0-
 
B.   Edward A. Mulé
 
  (a)   Amount beneficially owned: 6,628,001
 
  (b)   Percent of class: 4.3%
 
  (c)   Number of shares as to which such person has:
 
  (i)   Sole power to vote or direct the vote: -0-
   
  (ii)   Shared power to vote or direct the vote: 6,628,001
   
  (iii)   Sole power to dispose or direct the disposition: -0-
   
  (iv)   Shared power to dispose or direct the disposition: 6,628,001
 
C.   Robert J. O'Shea
 
  (a)   Amount beneficially owned: 6,628,001
 
  (b)   Percent of class: 4.3%
 
  (c)   Number of shares as to which such person has:
 
  (i)   Sole power to vote or direct the vote: -0-
   
  (ii)   Shared power to vote or direct the vote: 6,628,001
   
  (iii)   Sole power to dispose or direct the disposition: -0-
   
  (iv)   Shared power to dispose or direct the disposition: 6,628,001
 
 
 
 
 
 
 
CUSIP NO.
235825205
 13G    
 
Item 5
Ownership of Five Percent or Less of a Class:
   
 
If this statement is being filed to report the fact that as of the date hereof each of the Reporting Persons has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].
   
Item 6
Ownership of More Than Five Percent on Behalf of Another Person:
   
 
See response to Item 4.
   
Item 7
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:
   
 
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 participant in any transaction having that purpose or effect.
   
 
 
 
 
 
 
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.
 
Date: February 14, 2014
 
 
  Silver Point Capital, L.P.
       
  By: /s/ Frederick H. Fogel

  Name: Frederick H. Fogel
  Its: Authorized Signatory
   
  Edward A. Mulé
       
  By: /s/ Frederick H. Fogel

  Title: Attorney-in-fact
       
       
  Robert J. O'Shea
       
  By: /s/ Frederick H. Fogel

  Title: Attorney-in-fact
       

 
 
 
 
Exhibit A
 
AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13G
 
The undersigned hereby agree as follows:
 
(i)           Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and
 
(ii)          Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.
 
Date:  February 14, 2014
 
  Silver Point Capital, L.P.
       
  By: /s/ Frederick H. Fogel

  Name: Frederick H. Fogel
  Its: Authorized Signatory
   
  Edward A. Mulé
       
  By: /s/ Frederick H. Fogel

  Title: Attorney-in-fact
       
       
  Robert J. O'Shea
       
  By: /s/ Frederick H. Fogel

  Title: Attorney-in-fact