Filing Details

Accession Number:
0001193125-23-037958
Form Type:
13G Filing
Publication Date:
2023-02-13 19:00:00
Filed By:
Silver Point Capital
Company:
Retail Value Inc. (NYSE:RVIC)
Filing Date:
2023-02-14
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Silver Point Capital 0 0 0 0 0 -0-%
Edward A. Mul 0 0 0 0 0 -0-%
Robert J. O 146 Shea 0 0 0 0 0 -0-%
Filing

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

Retail Value Inc.

(Name of Issuer)

Common Shares, par value $0.10 per share

(Title of Class of Securities)

76133Q102

(CUSIP Number)

December 31, 2022

(Date of Event Which Requires Filing of this Statement)

 

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

 

*

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 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).

 

 

 


CUSIP NO. 76133Q102

  13G

 

  1    

  NAMES OF REPORTING PERSONS

 

  Silver Point Capital, L.P.

  2  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

  (a)  ☐        (b)  ☒

 

  3  

  SEC USE ONLY

 

  4  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

  SOLE VOTING POWER

 

  -0-

   6  

  SHARED VOTING POWER

 

  -0-

   7  

  SOLE DISPOSITIVE POWER

 

  -0-

   8  

  SHARED DISPOSITIVE POWER

 

  -0-

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  -0-

10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  -0-%1

12  

  TYPE OF REPORTING PERSON*

 

  IA, PN

 

1

The percentages used herein and in the rest of this Amendment No. 2 to Schedule 13G are calculated based upon 21,117,150 shares of the Issuers common stock outstanding as of October 27, 2022, as disclosed in the Issuers Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on October 28, 2022.

 

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CUSIP NO. 76133Q102

  13G

 

  1    

  NAMES OF REPORTING PERSONS

 

  Edward A. Mulé

  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

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

  SOLE VOTING POWER

 

  -0-

   6  

  SHARED VOTING POWER

 

  -0-

   7  

  SOLE DISPOSITIVE POWER

 

  -0-

   8  

  SHARED DISPOSITIVE POWER

 

  -0-

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  -0-

10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  -0-%1

12  

  TYPE OF REPORTING PERSON*

 

  IN

 

 

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CUSIP NO. 76133Q102

  13G

 

  1    

  NAMES OF REPORTING PERSONS

 

  Robert J. OShea

  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

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5    

  SOLE VOTING POWER

 

  -0-

   6  

  SHARED VOTING POWER

 

  -0-

   7  

  SOLE DISPOSITIVE POWER

 

  -0-

   8  

  SHARED DISPOSITIVE POWER

 

  -0-

  9    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  -0-

10  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

 

  ☐

11  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

 

  -0-%1

12  

  TYPE OF REPORTING PERSON*

 

  IN

 

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Item 1 (a)   Name of Issuer:
  The name of the issuer is Retail Value Inc. (the Issuer).
(b)   Address of Issuers Principal Executive Offices:
  The Issuers principal executive office is located at 3300 Enterprise Parkway, Beachwood, Ohio 44122.
Item 2(a)   Name of Person Filing:
 

This Amendment No. 2 to Schedule 13G is being jointly filed by Silver Point Capital, L.P., a Delaware limited partnership (Silver Point), Mr. Edward A. Mulé and Mr. Robert J. OShea with respect to the ownership of the Issuers common shares by Silver Point Capital Fund, L.P., Silver Point Capital Offshore Master Fund, L.P., Silver Point Distressed Opportunities Fund, L.P., Silver Point Distressed Opportunities Offshore Master Fund, L.P., Silver Point Distressed Opportunity Institutional Partners, L.P. and Silver Point Distressed Opportunity Institutional Partners Master Fund (Offshore), L.P.2 Silver Point, Mr. Mulé and Mr. OShea are collectively referred to herein as the Reporting Persons.

 

The Reporting Persons have entered into a Joint Filing Agreement, dated February 14, 2023, a copy of which is filed with this Amendment No. 2 to Schedule 13G, pursuant to which the Reporting Persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act.

(b)   Address of Principal Business Office or, if none, Residence:
  The address of the principal business office of each of the Reporting Persons is Two Greenwich Plaza, Greenwich, CT 06830.
(c)   Citizenship:
  Silver Point Capital, L.P. is organized as a limited partnership under the laws of the State of Delaware. Both Mr. Mulé and Mr. OShea are U.S. citizens.
(d)   Title of Class of Securities:
  Common Shares, par value $0.10 per share
(e)   CUSIP No.:
  76133Q102
Item 3   If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a:
  Not Applicable

 

2

The funds listed in Item 2(a) above (collectively, the Funds) are managed by Silver Point or its wholly owned subsidiaries. Silver Point Capital Management, LLC (Management) is the general partner of Silver Point and as a result may be deemed to be the beneficial owner of the securities held by the Funds. Each of Mr. Edward A. Mulé and Mr. Robert J. OShea is a member of Management and has voting and investment power with respect to the securities held by the Funds and may be deemed to be a beneficial owner of the securities held by the Funds.

 

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Item 4 Ownership:

A.    Silver Point Capital, L.P.
   (a)    Amount beneficially owned: -0-
   (b)    Percent of class: -0-%
   (c)    Number of shares as to which such person has:
   (i)    Sole power to vote or direct the vote: -0-
   (ii)    Shared power to vote or direct the vote: -0-
   (iii)    Sole power to dispose or direct the disposition: -0-
   (iv)    Shared power to dispose or direct the disposition: -0-
B.    Edward A. Mulé
   (a)    Amount beneficially owned: -0-
   (b)    Percent of class: -0-%
   (c)    Number of shares as to which such person has:
   (i)    Sole power to vote or direct the vote: -0-
   (ii)    Shared power to vote or direct the vote: -0-
   (iii)    Sole power to dispose or direct the disposition: -0-
   (iv)    Shared power to dispose or direct the disposition: -0-
C.    Robert J. OShea
   (a)    Amount beneficially owned: -0-
   (b)    Percent of class: -0-%
   (c)    Number of shares as to which such person has:
   (i)    Sole power to vote or direct the vote: -0-
   (ii)    Shared power to vote or direct the vote: -0-
   (iii)    Sole power to dispose or direct the disposition: -0-
   (iv)    Shared power to dispose or direct the disposition: -0-

 

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Item 5   Ownership of Five Percent or Less of a Class:
  If this statement is being filed to report the fact that as of the date hereof each of the Reporting Persons has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☒.
Item 6   Ownership of More Than Five Percent on Behalf of Another Person:
  See response to Item 4.
Item 7   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:
  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 certify that, to the best of my knowledge and belief, the securities referred to above 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, other than activities solely in connection with a nomination under §240.14a-11.

 

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment No. 2 to Schedule 13G is true, complete and correct.

Date: February 14, 2023

 

Silver Point Capital, L.P.
By:  

/s/ Steven Weiser

Name:   Steven Weiser
Its:   Authorized Signatory
Edward A. Mulé
By:  

/s/ Steven Weiser

Name:   Steven Weiser
Title:   Attorney-in-fact
Robert J. OShea
By:  

/s/ Steven Weiser

Name:   Steven Weiser
Title:   Attorney-in-fact

 

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EXHIBIT INDEX

 

Exhibit

  

Description of Exhibit

Exhibit A    Joint Filing Agreement dated February 14, 2023.
Exhibit B    Power of Attorney of Edward A. Mulé (incorporated here by reference to Exhibit B to Schedule 13G filed by Silver Point Capital, L.P., Edward A. Mulé and Robert OShea with the Securities and Exchange Commission on February 16, 2016 relating to TopBuild Corp.).
Exhibit C    Power of Attorney of Robert OShea (incorporated here by reference to Exhibit C to Schedule 13G filed by Silver Point Capital, L.P., Edward A. Mulé and Robert OShea with the Securities and Exchange Commission on February 16, 2016 relating to TopBuild Corp.).

 

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