Mnuchin's Liberty 77 Amends Lions Gate 13D Filing

TL;DR

**Mnuchin's Liberty 77 Capital just updated its Lions Gate stake, watch for their next move!**

AI Summary

Liberty 77 Capital L.P., led by Steven T. Mnuchin, filed an Amendment No. 1 to their Schedule 13D on January 18, 2024, indicating a change in their beneficial ownership of Lions Gate Entertainment Corp.'s Class A Voting Common Shares. This amendment updates their previous filing, signaling a potential shift in their investment strategy or influence over Lions Gate. Investors should note this as it reflects the ongoing involvement and potential strategic moves of a significant institutional investor in the company.

Why It Matters

This filing indicates that a major investor, Liberty 77 Capital L.P., is actively managing its stake in Lions Gate, which could signal future strategic actions or changes in their level of influence over the company.

Risk Assessment

Risk Level: medium — Changes in significant shareholder filings can precede major corporate actions, creating uncertainty and potential volatility for the stock.

Analyst Insight

Investors should monitor subsequent filings from Liberty 77 Capital L.P. for further details on their ownership percentage and any stated intentions, as this could signal potential strategic shifts for Lions Gate Entertainment Corp.

Key Players & Entities

• Liberty 77 Capital L.P. (company) — the filing person and a significant investor in Lions Gate Entertainment Corp.
• Steven T. Mnuchin (person) — a group member associated with Liberty 77 Capital L.P.
• Lions Gate Entertainment Corp. (company) — the subject company whose Class A Voting Common Shares are being reported on.
• William Barratt (person) — the person authorized to receive notices for Liberty 77 Capital L.P.
• January 16, 2024 (date) — the date of the event requiring the filing of this statement.

Forward-Looking Statements

• Liberty 77 Capital L.P. may be adjusting its stake in Lions Gate Entertainment Corp. in the near future. (Liberty 77 Capital L.P.) — medium confidence, target: Q1 2024
• Steven T. Mnuchin's involvement suggests a continued strategic interest in Lions Gate's future direction. (Steven T. Mnuchin) — high confidence, target: Ongoing

FAQ

Key Financial Figures

• $49,996,200 — ggregate consideration of approximately $49,996,200. The source of the purchase price for t

Filing Documents

• eh240439180_13da1-lgf.htm (SC 13D/A) — 151KB
• 0000950142-24-000180.txt ( ) — 153KB

Identity and Background

Item 2. Identity and Background.

is hereby restated as follows

Item 2 is hereby restated as follows: This Schedule 13D is being filed by each of: (i) Liberty 77 Capital L.P. (the “ Liberty Manager ”), a Delaware limited partnership and investment manager of the Liberty Funds; (ii) Liberty 77 Fund L.P., a Cayman Islands exempted limited partnership; (iii) Liberty 77 Fund International L.P., a Cayman Islands exempted limited partnership (together with Liberty 77 Fund L.P., the “ Liberty Funds ”); (iv) Liberty 77 Capital Partners L.P. (“ Liberty Manager GP ”), a Delaware limited partnership and the general partner of the Liberty Manager; (v) Liberty Capital L.L.C., a Delaware limited liability company and the general partner of the Liberty Manager GP; (vi) STM Partners LLC, a Delaware limited liability company which indirectly controls the Liberty Manager and the general partner of the Liberty Funds; (vii) Steven T. Mnuchin (“ Secretary Mnuchin ”), an individual and citizen of the United States and chief executive officer and controlling member of STM Partners LLC, each person or entity listed in clauses (i) – (vii), a “ Reporting Person ” and, collectively, the “ Reporting Persons .” The address of the principal place of business and principal office of the Reporting Persons is c/o Liberty 77 Capital L.P., 2099 Pennsylvania Avenue NW, Washington, D.C. 20006. The Reporting Persons are making this single, joint filing, pursuant to a joint filing agreement in accordance with Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), which was previously filed as Exhibit 1 hereto. None of the Reporting Persons has, during the last five years, (i) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (ii) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding were or are

Source and Amount of Funds or Other Consideration

Item 3. Source and Amount of Funds or Other Consideration.

is hereby restated as follows

Item 3 is hereby restated as follows: As of the date hereof, the aggregate of 6,620,482 Class A Shares reported herein were acquired for aggregate consideration of approximately $49,996,200. The source of the purchase price for the Class A Shares was capital available for investment from the Liberty Funds. CUSIP No. 535919401 SCHEDULE 13D Page 10 of 13

Interest in Securities of the Issuer

Item 5. Interest in Securities of the Issuer.

is hereby restated as follows

Item 5 is hereby restated as follows: References to percentage ownership of the Class A Shares in this Schedule 13D are based on 83,530,119 Class A Shares outstanding as of November 6, 2023, as reported by the Issuer in its Quarterly Report on Form 10-Q for the period ended September 30, 2023. The Reporting Persons may be deemed to constitute a “person” or “group” within the meaning of Section 13(d)(3) of the Exchange Act. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and the filing of this Schedule 13D shall not be construed as an admission of such beneficial ownership or that the Reporting Persons constitute a person or group. (a) By virtue of the fact that (i) the Class A Shares reported herein were purchased for the respective accounts of the Liberty Funds, (ii) the Liberty Manager is the investment manager of the Liberty Funds , (iii) Liberty Manager GP is the general partner of the Liberty Manager, (iv) Liberty Capital L.L.C. is the general partner of the Liberty Manager GP, (v) STM Partners LLC indirectly controls the Liberty Manager and the general partner of the Liberty Funds , and (vi) Secretary Mnuchin is the controlling member of STM Partners LLC, the other Reporting Persons may be deemed to have the power to vote and direct the disposition of the Class A Shares owned of record by Liberty 77 Fund L.P. and Liberty 77 Fund International L.P. As a result, as of the date hereof, each of the Reporting Persons may be deemed to beneficially own the Class A Shares indicated on row (11) on such Reporting Person’s cover page included herein, or the approximate percentage of the aggregate amount of Class A common shares indicated on row (13) on such Reporting Person’s cover page included herein. (b) Each of the Reporting Persons has the sole power to vote or direct the vote and the shared power to dispose or to direct the disp

SIGNATURES

SIGNATURES 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: January 18, 2024 LIBERTY 77 CAPITAL L.P. By: Liberty 77 Capital Partners L.P., its general partner By: Liberty Capital L.L.C., its general partner By: STM Partners LLC, its manager By: /s/ Steven T. Mnuchin Name: Steven T. Mnuchin Title: Chief Executive Officer LIBERTY 77 FUND L.P. By: Liberty 77 Capital GenPar L.P., its general partner By: Liberty 77 Capital UGP L.L.C., its general partner By: /s/ Jesse Burwell Name: Jesse Burwell Title: Chief Financial Officer LIBERTY 77 FUND INTERNATIONAL L.P. By: Liberty 77 Capital GenPar L.P., its general partner By: Liberty 77 Capital UGP L.L.C., its general partner By: /s/ Jesse Burwell Name: Jesse Burwell Title: Chief Financial Officer LIBERTY 77 CAPITAL PARTNERS L.P. By: Liberty Capital L.L.C., its general partner By: /s/ Jesse Burwell Name: Jesse Burwell Title: Chief Financial Officer CUSIP No. 535919401 SCHEDULE 13D Page 13 of 13 LIBERTY CAPITAL L.L.C. By: /s/ Jesse Burwell Name: Jesse Burwell Title: Chief Financial Officer STM PARTNERS LLC By: /s/ Steven T. Mnuchin Name: Steven T. Mnuchin Title: Chief Executive Officer /s/ Steven T. Mnuchin STEVEN T. MNUCHIN

View Full Filing

View this SC 13D/A filing on SEC EDGAR