Mnuchin's Liberty 77 Amends Lions Gate Stake on Feb 9

TL;DR

**Mnuchin's Liberty 77 Capital just updated its Lions Gate stake, watch for potential shifts.**

AI Summary

Liberty 77 Capital L.P., led by Steven T. Mnuchin, filed an Amendment No. 2 to their Schedule 13D on February 13, 2024, indicating a change in their beneficial ownership of Lions Gate Entertainment Corp.'s Class A Voting Common Shares. The filing specifies that the 'Date of Event which Requires Filing of this Statement' was February 9, 2024. This matters to investors because it signals a potential shift in the influence or intentions of a significant institutional shareholder, which could impact future strategic decisions or stock performance of Lions Gate Entertainment Corp.

Why It Matters

This filing updates the market on the holdings of a major investor, Steven T. Mnuchin's Liberty 77 Capital L.P., in Lions Gate Entertainment Corp., potentially signaling future strategic moves or changes in their investment thesis.

Risk Assessment

Risk Level: medium — Changes in significant shareholder filings can indicate evolving strategies or potential divestitures, creating uncertainty for other investors.

Analyst Insight

Investors should monitor subsequent filings from Liberty 77 Capital L.P. and Steven T. Mnuchin for more details on their intentions, as well as any public statements from Lions Gate Entertainment Corp. that might shed light on this change.

Key Players & Entities

• Liberty 77 Capital L.P. (company) — filing group member and reporting person
• Steven T. Mnuchin (person) — group member associated with Liberty 77 Capital L.P.
• Lions Gate Entertainment Corp. (company) — the issuer of the securities
• William Barratt (person) — person authorized to receive notices for Liberty 77 Capital L.P.
• February 9, 2024 (date) — date of event requiring the filing
• February 13, 2024 (date) — filing date of the SC 13D/A

Forward-Looking Statements

• Liberty 77 Capital L.P. may be adjusting its investment strategy or level of engagement with Lions Gate Entertainment Corp. (Liberty 77 Capital L.P.) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $63,604,706 — ggregate consideration of approximately $63,604,706. The source of the purchase price for t

Filing Documents

• eh240447571_13da2-lgf.htm (SC 13D/A) — 163KB
• 0000950142-24-000390.txt ( ) — 165KB

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 7,976,706 Class A Shares reported herein were acquired for aggregate consideration of approximately $63,604,706. 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 83,564,574 Class A Shares outstanding as of February 5, 2024, as reported by the Issuer in its Quarterly Report on Form 10-Q for the period ended December 31, 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 or his 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 th

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: February 13, 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