Loral Space & Communications Inc.
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(Name of Issuer)
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Common Stock
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(Title of Series of Securities)
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543881106
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(CUSIP number)
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December 31, 2010
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(Date of Event Which Requires Filing of this Statement)
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|
T
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Rule 13d-1(b)
|
|
o
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Rule 13d-1(c)
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o
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Rule 13d-1(d)
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CUSIP No. 543881106
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13G/A
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Page 2 of 8 Pages
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1
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Solus Alternative Asset Management LP
|
|
2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
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(a) o
(b) x
|
3
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SEC USE ONLY
|
|
4
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CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF
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5
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SOLE VOTING POWER
N/A
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SHARES
BENEFICIALLY
OWNED BY
|
6
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SHARED VOTING POWER
1,517,3001
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EACH
REPORTING
PERSON
|
7
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SOLE DISPOSITIVE POWER
N/A
|
WITH
|
8
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SHARED DISPOSITIVE POWER
1,517,3002
|
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,517,3003
|
|
10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES **
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¨
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.32%
|
|
12
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TYPE OF REPORTING PERSON **
IA
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CUSIP No. 543881106
|
13G/A
|
Page 3 of 8 Pages
|
1
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Solus GP LLC
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
|
(a) o
(b) x
|
3
|
SEC USE ONLY
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
NUMBER OF
|
5
|
SOLE VOTING POWER
N/A
|
SHARES
BENEFICIALLY
OWNED BY
|
6
|
SHARED VOTING POWER
1,517,3004
|
EACH
REPORTING
PERSON
|
7
|
SOLE DISPOSITIVE POWER
N/A
|
WITH
|
8
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SHARED DISPOSITIVE POWER
1,517,3005
|
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,517,3006
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES **
|
o
|
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.32%
|
|
12
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TYPE OF REPORTING PERSON **
OO
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CUSIP No. 543881106
|
13G/A
|
Page 4 of 8 Pages
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1
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Christopher Pucillo
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
|
(a) o
(b) x
|
3
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SEC USE ONLY
|
|
4
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
|
NUMBER OF
|
5
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SOLE VOTING POWER
N/A
|
SHARES
BENEFICIALLY
OWNED BY
|
6
|
SHARED VOTING POWER
1,517,3007
|
EACH
REPORTING
PERSON
|
7
|
SOLE DISPOSITIVE POWER
N/A
|
WITH
|
8
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SHARED DISPOSITIVE POWER
1,517,3008
|
9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,517,3009
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES **
|
o
|
11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.32%
|
|
12
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TYPE OF REPORTING PERSON **
IN
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CUSIP No. 543881106
|
13G/A
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Page 5 of 8 Pages
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Item 1(a).
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Name of Issuer:
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Item 1(b).
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Address of Issuer's Principal Executive Offices:
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Item 2(a).
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Name of Person Filing:
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Item 2(b).
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Address of Principal Business Office or, if None, Residence:
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Item 2(c).
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Citizenship:
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Item 2(d).
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Title of Class of Securities:
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Item 2(e).
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CUSIP Number:
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CUSIP No. 543881106
|
13G/A
|
Page 6 of 8 Pages
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Item 3.
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If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
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(a)
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£
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Broker or dealer registered under Section 15 of the Act,
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(b)
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£
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Bank as defined in Section 3(a)(6) of the Act,
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(c)
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£
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Insurance Company as defined in Section 3(a)(19) of the Act,
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(d)
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£
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Investment Company registered under Section 8 of the Investment Company Act of 1940,
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(e)
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T
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Investment Adviser in accordance with Rule 13d-1 (b)(1)(ii)(E),
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(f)
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£
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Employee Benefit Plan or Endowment Fund in accordance with 13d-1 (b)(1)(ii)(F),
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(g)
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£
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Parent Holding Company or control person in accordance with Rule 13d-1 (b)(1)(ii)(G),
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(h)
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£
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Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act,
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(i)
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£
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Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940,
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(j)
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£
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Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
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Item 4.
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Ownership.
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(a)
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Amount beneficially owned: 1,517,30010
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(b)
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Percent of class: 7.32%
|
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(c)
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(i)
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Sole power to vote or direct the vote: N/A
|
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(ii)
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Shared power to vote or direct the vote: 1,517,30011
|
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(iii)
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Sole power to dispose or direct the disposition: N/A
|
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(iv)
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Shared power to dispose or direct the disposition: 1,517,30012
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CUSIP No. 543881106
|
13G/A
|
Page 7 of 8 Pages
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Item 5.
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Ownership of Five Percent or Less of a Class.
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Item 6.
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Ownership of More than Five Percent on Behalf of Another Person.
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Item 7.
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Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
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Item 8.
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Identification and Classification of Members of the Group.
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Item 9.
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Notice of Dissolution of Group.
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Item 10.
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Certification.
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CUSIP No. 543881106
|
13G/A
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Page 8 of 8 Pages
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Date: February 14, 2011
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By:
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/s/ Christopher Pucillo
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Christopher Pucillo
individually and as managing member of
Solus GP LLC,
for itself and as the general partner of
Solus Alternative Asset Management LP
|