UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
DARLING INTERNATIONAL INC.
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
(Title of Class of Securities)
237266101
(CUSIP Number)
MAY 13, 2002
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant
to which this Schedule is filed:
[X] 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 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 ("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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CUSIP NO. 237266101 Page 2 of 12 Pages
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1 NAMES OF REPORTING PERSONS
GL Partners II, LLC
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 3,836,074 shares
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,836,074 shares
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,836,074 shares
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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)
6.2%
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12 TYPE OF REPORTING PERSON*
OO
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CUSIP NO. 237266101 Page 3 of 12 Pages
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1 NAMES OF REPORTING PERSONS
Avenue Capital Partners II, LLC
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 3,836,074 shares
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,836,074 shares
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,836,074 shares
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.2%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
-----------------------------------------------------------------------------
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CUSIP NO. 237266101 Page 4 of 12 Pages
---------------------- -------------------
1 NAMES OF REPORTING PERSONS
Avenue Special Situation Fund II, LP
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 3,836,074 shares
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,836,074 shares
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,836,074 shares
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.2%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
-----------------------------------------------------------------------------
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CUSIP NO. 237266101 Page 5 of 12 Pages
---------------------- -------------------
1 NAMES OF REPORTING PERSONS
Avenue Capital Management II, LLC
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 3,836,074 shares
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
3,836,074 shares
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,836,074 shares
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.2%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
-----------------------------------------------------------------------------
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CUSIP NO. 237266101 Page 6 of 12 Pages
---------------------- -------------------
1 NAMES OF REPORTING PERSONS
Mark Lasry
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
-----------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
-----------------------------------------------------------------------------
3 SEC USE ONLY
-----------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
-----------------------------------------------------------------------------
5 SOLE VOTING POWER
-0-
NUMBER OF ------------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 6,538,530 shares
OWNED BY ------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON ------------------------------------------------------------
WITH 8 SHARED DISPOSITIVE POWER
6,538,530 shares
------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,538,530 shares
----------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* [ ]
-----------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
10.5%
-----------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
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ITEM 1(a). NAME OF ISSUER:
Darling International Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
251 O'Connor Ridge Boulevard
Suite 300
Irving, Texas 75038
ITEM 2(a). NAME OF PERSON FILING:
This Schedule is being jointly filed by:
(i) Avenue Special Situation Fund II, LP, a Delaware limited
partnership (the "Partnership"), with respect to shares held
by it;
(ii) Avenue Capital Partners II, 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;
(iii) GL Partners II, LLC, a Delaware limited liability company
which is the managing member of the General Partner (the
"Managing Member"), with respect to the shares held by the
Partnership;
(iv) Avenue Capital Management II, LLC, a Delaware limited
liability company and the investment advisor to the
Partnership (the "Advisor"), with respect to the shares held
by the Partnership; and
(v) Mark Lasry, managing member of the Managing Member and the
Advisor ("Lasry"), with respect to the shares held by the
Partnership and certain other entities.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
535 Madison Avenue
15th Floor
New York, NY 10022
ITEM 2(c). CITIZENSHIP:
(i) The General Partner, the Managing Member and the Advisor are
each a Delaware limited liability company
(ii) The Partnership is a Delaware limited partnership
(iii) Mr. Lasry is a United States citizen
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.01 per share
ITEM 2(e). CUSIP NUMBER:
237266101
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(b), OR 13D-2(b) OR
(c), CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or Dealer registered under section 15 of the Act,
(b) [ ] Bank as defined in section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in section 3(a)(19) of the Act,
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act of 1940,
(e) [X] An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E)
(f) [ ] An employee benefit plan or endowment fund in accordance with
ss.240.13d-1(b)(1)(ii)(F),
(g) [ ] A parent holding company or control person in accordance with
ss.240.13d-1(b)(1)(ii)(G),
(h) [ ] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act,
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940,
(j) [ ] A group, in accordance with ss.13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP.
THE PARTNERSHIP:
(a) Amount beneficially owned: 3,836,074 shares
(b) Percent of class: 6.2%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: None
(ii) Shared power to vote or to direct the vote: 3,836,074 shares
(iii) Sole power to dispose or to direct the disposition of: None
(iv) Shared power to dispose or to direct the disposition of:
3,836,074 shares
THE GENERAL PARTNER:
(a) Amount beneficially owned: 3,836,074 shares
(b) Percent of class: 6.2%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: None
(ii) Shared power to vote or to direct the vote: 3,836,074 shares
(iii) Sole power to dispose or to direct the disposition of: None
(iv) Shared power to dispose or to direct the disposition of:
3,836,074 shares
THE MANAGING MEMBER:
(a) Amount beneficially owned: 3,836,074 shares
(b) Percent of class: 6.2%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: None
(ii) Shared power to vote or to direct the vote: 3,836,074 shares
(iii) Sole power to dispose or to direct the disposition of: None
(iv) Shared power to dispose or to direct the disposition of:
3,836,074 shares
THE ADVISOR:
(a) Amount beneficially owned: 3,836,074 shares
(b) Percent of class: 6.2%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: None
(ii) Shared power to vote or to direct the vote: 3,836,074 shares
(iii) Sole power to dispose or to direct the disposition of: None
(iv) Shared power to dispose or to direct the disposition of:
3,836,074 shares
LASRY:
(a) Amount beneficially owned: 6,538,530 shares
(b) Percent of class: 10.5%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote: None
(ii) Shared power to vote or to direct the vote: 6,538,530 shares
(iii) Sole power to dispose or to direct the disposition of: None
(iv) Shared power to dispose or to direct the disposition of:
6,538,530 shares
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.
Other entities directly or indirectly managed by one or more of the
reporting persons have the right to receive dividends from, or the proceeds from
the sale of, the shares of Common Stock reported herein. Any such party does not
beneficially own more than 5% of the class.
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 (we) certify that, to the best of my (our) knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and 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.
SIGNATURE
After reasonable inquiry and to the best of my (our) knowledge and belief, I
(we) certify that the information set forth in this statement is true, complete
and correct.
Dated: February 18, 2003
GL PARTNERS II, LLC AVENUE CAPITAL MANAGEMENT II, LLC
/s/ Mark Lasry /s/ Mark Lasry
---------------------------------- ------------------------------------
By: Mark Lasry By: Mark Lasry
Title: Managing Member Title: Managing Member
AVENUE CAPITAL PARTNERS II, LLC AVENUE SPECIAL SITUATION FUND II, LP
By: GL Partners II, LLC, By: Avenue Capital Partners II, LLC
Its managing member Its general partner
By: GL Partners II, LLC
/s/ Mark Lasry Its managing member
----------------------------------
By: Mark Lasry /s/ Mark Lasry
Title: Managing Member ------------------------------------
By: Mark Lasry
/s/ Mark Lasry Title: Managing Member
----------------------------------
MARK LASRY, an individual
JOINT FILING AGREEMENT
GL Partners II, LLC, Avenue Capital Partners II, LLC, and Avenue Capital
Management II, LLC, each a Delaware limited liability company; Avenue Special
Situation Fund II, LP, a Delaware limited partnership; and Mark Lasry, an
individual, hereby agree to file jointly the statement on Schedule 13G to which
this Agreement is attached and any amendments thereto which may be deemed
necessary, pursuant to Regulation 13D-G under the Securities Exchange Act of
1934.
It is understood and agreed that each of the parties hereto is responsible for
the timely filing of such statement and any amendments thereto, and for the
completeness and accuracy of the information concerning such party contained
therein, but such party is not responsible for the completeness and accuracy of
information concerning any other party unless such party knows or has reason to
believe such information is inaccurate.
It is understood and agreed that a copy of this Agreement shall be attached as
an exhibit to the statement on Schedule 13G, and any amendments thereto, filed
on behalf of each of the parties hereto.
Dated: February 18, 2003
GL PARTNERS II, LLC AVENUE CAPITAL MANAGEMENT II, LLC
/s/ Mark Lasry /s/ Mark Lasry
------------------------------------- ------------------------------------
By: Mark Lasry By: Mark Lasry
Title: Managing Member Title: Managing Member
AVENUE CAPITAL PARTNERS II, LLC AVENUE SPECIAL SITUATION FUND II, LP
By: GL Partners II, LLC, By: Avenue Capital Partners II, LLC
Its managing member Its general partner
By: GL Partners II, LLC
/s/ Mark Lasry Its managing member
-------------------------------------
By: Mark Lasry /s/ Mark Lasry
Title: Managing Member ------------------------------------
By: Mark Lasry
/s/ Mark Lasry Title: Managing Member
-------------------------------------
MARK LASRY, an individual