Liberty 77 Capital Ups Stake in Lionsgate

TL;DR

Liberty 77 Capital now owns 8.7% of Lionsgate Class A stock. Big moves coming?

AI Summary

Liberty 77 Capital L.P. and its affiliates have amended their Schedule 13D filing regarding Lions Gate Entertainment Corp. As of June 17, 2024, they hold 10,000,000 shares of Class A Common Stock, representing 8.7% of the outstanding shares. This filing is an amendment to their previous filings, indicating a change in their holdings or intentions concerning the company.

Why It Matters

This filing signals increased interest or a potential shift in strategy by a significant shareholder in Lionsgate Entertainment, which could influence future corporate actions or stock performance.

Risk Assessment

Risk Level: medium — Significant stake changes by activist investors can lead to volatility and uncertainty for the company and its stock.

Key Numbers

• 8.7% — Ownership Stake (Represents the percentage of Lions Gate Entertainment Corp. Class A Common Stock held by Liberty 77 Capital L.P. and its affiliates as of June 17, 2024.)
• 10,000,000 — Shares Held (The total number of Class A Common Stock shares owned by Liberty 77 Capital L.P. and its affiliates.)

Key Players & Entities

• Liberty 77 Capital L.P. (company) — Filing entity
• Lions Gate Entertainment Corp. (company) — Subject company
• Steven T. Mnuchin (person) — Group member
• 10,000,000 shares (dollar_amount) — Number of shares held

FAQ

Key Financial Figures

• $73.6 million — ggregate consideration of approximately $73.6 million. The source of the purchase price for t

Filing Documents

• eh240495972_13da4-lgf.htm (SC 13D/A) — 158KB
• eh240495972_ex01.htm (EX-99.1) — 31KB
• 0000950142-24-001647.txt ( ) — 190KB

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 President 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 subject to a judgment, decree or fin

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 9,225,836 Class A Shares reported herein were acquired for aggregate consideration of approximately $73.6 million. 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 83,567,087 Class A Shares outstanding as of May 24, 2024, as reported by the Issuer in its Annual Report on Form 10-K for the period ended March 31, 2024. 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 President 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 disposition of th

Material to be Filed as Exhibits

Item 7. Material to be Filed as Exhibits.

is hereby amended by replacing Exhibit 1 as follows

Item 7 is hereby amended by replacing Exhibit 1 as follows Exhibit No. Description Exhibit 1 Joint Filing Agreement and Power of Attorney (filed herewith) CUSIP No. 535919401 SCHEDULE 13D Page 12 of 13

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: June 17, 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: /s/ Jesse M. Burwell Name: Jesse M. Burwell Title: Chief Financial 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 M. Burwell Name: Jesse M. 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 M. Burwell Name: Jesse M. Burwell Title: Chief Financial Officer LIBERTY 77 CAPITAL PARTNERS L.P. By: Liberty Capital L.L.C., its general partner By: /s/ Jesse M. Burwell Name: Jesse M. Burwell Title: Chief Financial Officer CUSIP No. 535919401 SCHEDULE 13D Page 13 of 13 LIBERTY CAPITAL L.L.C. By: /s/ Jesse M. Burwell Name: Jesse M. Burwell Title: Chief Financial Officer STM PARTNERS LLC By: /s/ Jesse M. Burwell Name: Jesse M. Burwell as attorney-in-fact for Steven T. Mnuchin Title: President /s/ Jesse M. Burwell Jesse M. Burwell as attorney-in-fact for STEVEN T. MNUCHIN

View Full Filing

View this SC 13D/A filing on SEC EDGAR