13D Filing: MHR Fund Management Further Ups Stake in Loral Space & Communications Inc. (LORL)

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Mark Rachesky’s MHR Fund Management keeps raising its exposure to Loral Space & Communications Ltd. (NASDAQ:LORL). In a new filing with the US Securities and Exchange Commission, MHR reported holding 8.54 million shares of Loral Space & Communication, above the stake of some 8.35 million shares disclosed in a filing a few days ago. Following the increase, MHR holds 39.9% of Loral’s outstanding stock, versus 39% held previously.

In this way, MHR has solidified its position as LORL’s largest shareholder in our database. Coming in second is Solus Alternative Asset Management, managed by Christopher Pucillo, which holds a $86.9 million position; 17.4% of its 13F portfolio is allocated to the stock as of the end of 2015. Other professional money managers that are bullish consist of James Dondero’s Highland Capital Management, Leon Cooperman’s Omega Advisors and George Soros’s Soros Fund Management.

Overall, 24 funds among those we track held long positions in Loral Space & Communications at the end of last year, down by one fund over the quarter.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
MHRC 1,150,079 0 1,150,079 0 1,150,079 5.4%
MHRC I 1,150,079 0 1,150,079 0 1,150,079 5.4%
MHRC II 1,304,368 0 1,304,368 0 1,304,368 6.1%

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Table of Contents

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

[RULE 13D-101]

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO § 240.13d-1(a) AND

AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2(a)

(Amendment No. 26)*

Loral Space & Communications Inc.

(Name of Issuer)

Common Stock, Par Value $.01 Per Share

(Title of Class of Securities)

543881106

(CUSIP Number)

Janet Yeung

MHR Fund Management LLC

1345 Avenue of the Americas, 42nd Floor

New York, New York 10105

(212) 262-0005

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

March 8, 2016

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  ¨.

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See
§240.13d-7 for other parties to whom copies are to be sent.

Continued on following pages

(Page 1 of 29 Pages)

* The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.

The information required on 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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