SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
AMENDMENT NO. 1
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
WILTEL COMMUNICATIONS, INC.
(SUCCESSOR TO WILLIAMS COMMUNICATIONS GROUP, INC.)
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
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(Title of class of securities)
972487 10 2
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(CUSIP number)
JOSEPH A. ORLANDO
VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
LEUCADIA NATIONAL CORPORATION
315 PARK AVENUE SOUTH
NEW YORK, NEW YORK 10010
WITH A COPY TO:
ANDREA A. BERNSTEIN, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153
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(Name, address and telephone number of person
authorized to receive notices and communications)
OCTOBER 28, 2002
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(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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 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.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934 (the "Exchange Act") or otherwise subject to the liabilities of that
section of the Exchange Act but shall be subject to all other provisions of the
Exchange Act.
(Continued on following pages)
(Page 1 of 8 pages)
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CUSIP No. 972487 10 2 13D
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1 NAME OF REPORTING PERSON: LUK Acquisition I, LLC
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
------------------- ---------------------------------------------------------------------------------------------------- -----------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
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3 SEC USE ONLY
------------------- ------------------------------- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 11,775,000 (see Item 5)
OWNED BY
------- -------------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING
------- -------------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 11,775,000 (see Item 5)
------------------- --------------------------------------------------------------- ------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 11,775,000 (see Item 5)
------------------- ---------------------------------------------------------------------------------------------------- -----------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
------------------- ---------------------------------------------------------------------------------------------------- -----------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 23.55%
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14 TYPE OF REPORTING PERSON: OO (Limited Liability Company)
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2
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CUSIP No. 972487 10 2 13D
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1 NAME OF REPORTING PERSON: LUK Acquisition II, LLC
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
------------------- ---------------------------------------------------------------------------------------------------- -----------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------- ------------------------------- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS: N/A
------------------- ---------------------------------------------------------------------------------------------------- -----------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- -------------------------------------------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware
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NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES
------- -------------------------------------------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 10,225,000 (see Item 5)
OWNED BY
------- -------------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING
------- -------------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 10,225,000 (see Item 5)
------------------- --------------------------------------------------------------- ------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 10,225,000 (see Item 5)
------------------- ---------------------------------------------------------------------------------------------------- -----------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
------------------- ---------------------------------------------------------------------------------------------------- -----------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 20.45%
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14 TYPE OF REPORTING PERSON: OO (Limited Liability Company)
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3
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CUSIP No. 972487 10 2 13D
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1 NAME OF REPORTING PERSON: Leucadia National Corporation
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
------------------- ---------------------------------------------------------------------------------------------------- -----------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [x]
(b) [_]
------------------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
------------------- ------------------------------- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS: WC
------------------- ---------------------------------------------------------------------------------------------------- -----------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
------------------- -------------------------------------------------- -------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: New York
------------------------------ ------- -------------------------------------------- ------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 1,700,000 (see Item 5)
SHARES
------- -------------------------------------------- ------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 22,000,000 (see Item 5)
OWNED BY
------- -------------------------------------------- ------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 1,700,000 (see Item 5)
REPORTING
------- -------------------------------------------- ------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 22,000,000 (see Item 5)
------------------- --------------------------------------------------------------- ------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 23,700,000 (see Item 5)
------------------- ---------------------------------------------------------------------------------------------------- -----------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
------------------- ---------------------------------------------------------------------------------------------------- -----------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 47.40%
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14 TYPE OF REPORTING PERSON: CO
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4
Item 1. Security and Issuer.
-------------------
This Statement constitutes Amendment No. 1 ("Amendment No. 1") to
the statement on Schedule 13D (the "Original 13D") filed with the Securities and
Exchange Commission by Leucadia National Corporation ("Leucadia"), and its
subsidiaries, LUK Acquisition I, LLC ("LUK I") and LUK Acquisition II, LLC ("LUK
II"), with respect to the common stock, $0.01 par value per share (the "WilTel
Common Stock"), of WilTel Communications Group, Inc., a Nevada corporation
("WilTel").
Unless otherwise indicated, all capitalized terms used herein have
the meanings ascribed to them in the Original 13D.
Item 3. Source and Amount of Funds or Other Consideration.
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On October 28, 2002, Leucadia purchased 1,700,000 shares of WilTel
Common Stock, on a when issued basis, from Jefferies & Company, Inc. and two
funds managed by Jefferies for an aggregate purchase price of $20,400,000.
The funds used for this acquisition were obtained from Leucadia's working
capital.
Item 5. Interest in Securities of the Issuer.
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(a)-(b) As of October 28, 2002, the Beneficial Owners beneficially
owned the following shares of WilTel Common Stock:
(i) LUK I is the direct owner of 11,775,000 shares of WilTel
Common Stock representing 23.55% of the 50,000,000 shares of WilTel Common Stock
outstanding after giving effect to issuances of WilTel Common Stock pursuant to
the Plan (the "Outstanding Shares").
(ii) LUK II is the direct owner of 10,225,000 shares of WilTel
Common Stock representing 20.45% of the Outstanding Shares.
(iii) Upon issuance, Leucadia will be the direct owner of
1,700,000 shares of WilTel Common Stock representing 3.40% of the Outstanding
Shares. By virtue ofits ownership of all of the outstanding membership interests
of LUK I and LUK II, for purposes of this Amendment No. 1, Leucadia may be
deemed to share voting and dispositive power with respect to the shares of
WilTel Common Stock owned of record by LUK I and LUK II, and therefore may be
deemed to be the beneficial owner of an aggregate 23,700,000 shares of WilTel
Common Stock representing 47.40% of the Outstanding Shares.
(c) Item 3 is incorporated herein by reference. Except for the
1,700,000 shares of WilTel Common Stock purchased on October 28, 2002 by
Leucadia, none of the Beneficial Owners, nor, to the best of their knowledge,
any of their respective executive officers or directors has effected any
transactions in WilTel Common Stock since the filing of the Original 13D, which
was filed on October 24, 2002.
(d) Not applicable.
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(e) Not applicable.
Item 6. Contracts, Arrangements, Understanding or Realtionships With
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Respect to Securities of the Issuer.
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See Item 3 hereof, which is incorporated herein by reference.
Item 7. Material to be Filed as Exhibits.
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1. Agreement among the Beneficial Owners with respect to the
filing of this Amendment No. 1.
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SIGNATURE
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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.
Dated: October 30, 2002
LUK ACQUISITION I, LLC
BY:/s/ Joseph A. Orlando
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Name: Joseph A. Orlando
Title: President
LUK ACQUISITION II, LLC
BY:/s/ Joseph A. Orlando
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Name: Joseph A. Orlando
Title: President
LEUCADIA NATIONAL CORPORATION
BY:/s/ Joseph A. Orlando
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Name: Joseph A. Orlando
Title: Vice President and Chief Financial Officer
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