UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934

(Amendment No. )*



Hunter Maritime Acquisition Corp.

(Name of Issuer)

 

Warrant

(Title of Class of Securities)

 

Y37828129

(CUSIP Number)

 

 

May 25, 2017
(Date of Event Which Requires Filing of this Statement)

 

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

 

o Rule 13d-1(b)

x Rule 13d-1(c)

o Rule 13d-1(d)

 

 

*The remainder of this cover page shall be filled out for a reporting person’s 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.  Y37828129
  SCHEDULE 13G
Page 2 of 8 Pages

 

         
1
NAME OF REPORTING PERSONS
 
CarVal Investors, LLC
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
 
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 Warrants
6
SHARED VOTING POWER
 
1,250,000 Warrants
7
SOLE DISPOSITIVE POWER
 
0 Warrants
8
SHARED DISPOSITIVE POWER
 
1,250,000 Warrants
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,250,000 Warrants
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
14.5%
12
TYPE OF REPORTING PERSON
 
IA

 

 
 

CUSIP No.  Y37828129
  SCHEDULE 13G
Page 3 of 8 Pages

 

         
1
NAME OF REPORTING PERSONS
 
CVI Ocean Transportation II Holdings, Inc.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) o
(b) o
 
3
SEC USE ONLY
 
 
4
CITIZENSHIP OR PLACE OF ORGANIZATION
 
Marshall Islands
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
5
SOLE VOTING POWER
 
0 Warrants
6
SHARED VOTING POWER
 
1,250,000 Warrants
7
SOLE DISPOSITIVE POWER
 
0 Warrants
8
SHARED DISPOSITIVE POWER
 
1,250,000 Warrants
9
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
1,250,000 Warrants
10
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
 
 
o
11
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
 
14.5%
12
TYPE OF REPORTING PERSON
 
CO

 

 
 

 

CUSIP No.  Y37828129
  SCHEDULE 13G
Page 4 of  8 Pages

 

Item 1. (a) Name of Issuer

Hunter Maritime Acquisition Corp.

(b) Address of Issuer’s Principal Executive Offices

c/o MI Management Company

Trust Company Complex, Suite 206

Ajeltake Road

P.O. Box 3055

Majuro, Marshall Islands

MH96960

Item 2. (a) Name of Person Filing

CarVal Investors, LLC

CVI Ocean Transportation II Holdings, Inc.

(b) Address of Principal Business Office, or, if none, Residence

Carval Investors, LLC - 9320 Excelsior Boulevard, 7th Floor, Hopkins, MN 55343

CVI Ocean Transportation II Holdings, Inc. - c/o Carval Investors, LLC- 9320 Excelsior Boulevard, 7th Floor, Hopkins, MN 55343

(c) Citizenship

Carval Investors, LLC - Delaware

CVI Ocean Transportation II Holdings, Inc. - Marshall Islands

  (d) Title of Class of Securities

Warrant

  (e) CUSIP No.:

Y37828129

 
 

 

CUSIP No.  Y37828129
  SCHEDULE 13G
Page 5 of 8 Pages

 

 

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

  (a) ¨ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
 
  (b) ¨ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
 
  (c) ¨ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
 
  (d) ¨ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
 
  (e) o An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
 
  (f) ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
 
  (g) ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);
 
  (h) ¨ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
  (i) ¨ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
  (j) ¨ A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
 
  (k) ¨ A group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:                             
       

 

 
 

 

CUSIP No.  Y37828129
  SCHEDULE 13G
Page 6 of 8 Pages

 

 

Item 4. Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Carval Investors, LLC may be deemed to be the beneficial owner as it has discretion as Investment Manager.

Carval Investors, LLC and CVI Ocean Transportation II Holdings, Inc.

(a) Amount beneficially owned: 1,250,000 Warrants

(b) Percent of class: 14.5%

(c) Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote: 0 Warrants

(ii) Shared power to vote or to direct the vote: 1,250,000 Warrants

(iii) Sole power to dispose or to direct the disposition of: 0 Warrants

(iv) Shared power to dispose or to direct the disposition of: 1,250,000 Warrants

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 the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [].

Item 6. Ownership of More Than Five Percent on Behalf of Another Person

 

Not Applicable

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.

 

 

 
 
CUSIP No.  Y37828129
  SCHEDULE 13G
Page 7 of 8 Pages

 

 

SIGNATURE

 

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 5, 2017

 

 

  CarVal Investors, LLC
       
  By:   /s/ Matthew Bogart
    Name:    Matthew Bogart
    Title:    General Counsel and Chief Compliance Officer

 

  CVI Ocean Transportation II Holdings, Inc.
       
  By:   /s/ Christopher Hedberg
    Name:    Christopher Hedberg
    Title:    President
 
 
CUSIP No.  Y37828129
  SCHEDULE 13G
Page 8 of 8 Pages

 

 

EXHIBIT 1

 

JOINT FILING AGREEMENT

PURSUANT TO RULE 13d-1(k)