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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. ___________)*
AirGate PCS, Inc.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
009367103
--------------------------------------------------------------------------------
(CUSIP Number)
February 12, 2004
--------------------------------------------------------------------------------
(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)
[X] Rule 13d-1(c)
[ ] 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).
(Continued on following pages)
Page 1 of 10 Pages
Exhibit Index Found on Page 9
13G
===================
CUSIP No. 009367103
===================
------------====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Lonestar Partners, L.P.
------------====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------====================================================================
5 SOLE VOTING POWER
NUMBER OF -0-
--------------===========================================
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 340,903
--------------===========================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH --------------===========================================
8 SHARED DISPOSITIVE POWER
340,903
------------====================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
340,903
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
2.9 %
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
PN
------------====================================================================
Page 2 of 10 Pges
13G
===================
CUSIP No. 009367103
===================
------------====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Lonestar Capital Management LLC
------------====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
------------====================================================================
5 SOLE VOTING POWER
NUMBER OF -0-
--------------===========================================
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 340,903
--------------===========================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH --------------===========================================
8 SHARED DISPOSITIVE POWER
340,903
------------====================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
340,903
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
2.9 %
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IA, OO
------------====================================================================
Page 3 of 10 Pges
13G
===================
CUSIP No. 009367103
===================
------------====================================================================
1 NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Jerome L. Simon
------------====================================================================
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)
(a) [ ]
(b) [ X ]
------------====================================================================
3 SEC USE ONLY
------------====================================================================
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
------------====================================================================
5 SOLE VOTING POWER
NUMBER OF -0-
--------------===========================================
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 340,903
--------------===========================================
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
PERSON WITH --------------===========================================
8 SHARED DISPOSITIVE POWER
340,903
------------====================================================================
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
340,903
------------====================================================================
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
10 CERTAIN SHARES (See Instructions)
[ ]
------------====================================================================
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
2.9 %
------------====================================================================
TYPE OF REPORTING PERSON (See Instructions)
12
IN, HC
------------====================================================================
Page 4 of 10 Pges
Item 1. Issuer
------
(a) Name of Issuer:
--------------
AirGate PCS, Inc. (the "Company")
(b) Address of Issuer's Principal Executive Offices:
-----------------------------------------------
Harris Tower, 233 Peachtree St. NE, Suite 1700, Atlanta,
Georgia 30303
Item 2. Identity And Background
-----------------------
Title Of Class Of Securities And CUSIP Number (Item 2(d) and (e))
This statement relates to shares of Common Stock, par value $0.01 per
share (the "Shares"), of the Company. The CUSIP number of the shares is
009367103.
Name Of Persons Filing, Address Of Principal Business Office And
-----------------------------------------------------------------------
Citizenship (Item 2(a), (b) and (c))
------------------------------------
This statement is filed by the entities and persons listed below, all
of whom together are referred to herein as the "Reporting Persons."
(i) Lonestar Partners, L.P.
-----------------------
Lonestar Partners, L.P., a Delaware limited partnership
("Lonestar"), with respect to the Shares held by it.
(ii) Lonestar Capital Management LLC
-------------------------------
Lonestar Capital Management LLC, a Delaware limited liability
company ("LCM"), the investment adviser to and general partner
of Lonestar, with respect to the Shares held by Lonestar.
(iii) Jerome L. Simon
---------------
Jerome L. Simon ("Simon"), the manager and sole member of LCM,
with respect to the Shares held by Lonestar.
The citizenship of each of Lonestar and LCM is set forth above. Simon
is a United States citizen. The address of the principal business and principal
office of the Reporting Persons is One Maritime Plaza, 11th Floor, San
Francisco, California 94111.
Page 5 of 10 Pges
Item 3. If This Statement Is Filed Pursuant To Sections 240.13d-1(b) or
-----------------------------------------------------------------------
240.13d-2(b) or (c), Check Whether The Person Filing Is An Entity
-----------------------------------------------------------------------
Specified in (a) - (j):
----------------------
Not Applicable.
If This Statement Is Filed Pursuant To Section 240.13d-1(c), Check This
-----------------------------------------------------------------------
Box. [X]
---
Item 4. Ownership
---------
The information required by Items 4(a) - (c) and set forth in Rows 5
through 11 of the cover page for each Reporting Person hereto is incorporated
herein by reference for each such Reporting Person.
The Shares reported hereby for Lonestar are owned directly by Lonestar.
LCM, as general partner and investment adviser to Lonestar, may be deemed to be
the beneficial owner of all such Shares owned by Lonestar. Simon, as the manager
and sole member of LCM, may be deemed to be the beneficial owner of all such
Shares held by Lonestar. Each of LCM and Simon hereby disclaims any beneficial
ownership of any such Shares.
Item 5. Ownership Of Five Percent Or Less Of A Class
--------------------------------------------
As of the date of this filing, the Reporting Persons own less than 5%
of the outstanding Shares, based on a Share outstanding number of 11,760,942
Shares as reported by the Company. As of February 12, 2004 (the trigger date for
this filing), the Reporting Persons had owned more than 5% of the
then-outstanding Shares. Due to additional Shares issued by the Company on or
about February 20, 2004 as part of its recapitalization plan, the percentage of
Shares owned by the Reporting Persons as of such date decreased to less than 5%.
For information regarding the Company's recapitalization plan, see the Form 8-K
filed by the Company with the Securities and Exchange Commission on February 12,
2004.
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
--------------------------------------------------------
Not Applicable.
Item 8. Identification And Classification Of Members Of The Group
---------------------------------------------------------
The Reporting Persons are filing this Schedule 13G pursuant to
Rule 13d-1(c). Consistent with Item 2 of the cover page for each
Reporting Person above, the Reporting Persons neither disclaim nor
affirm the existence of a group among them.
Page 6 of 10 Pges
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.
Page 7 of 10 Pges
SIGNATURES
----------
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: February 23, 2004
LONESTAR PARTNERS, L.P. LONESTAR CAPITAL MANAGEMENT LLC
By: Lonestar Capital Management LLC,
its General Partner By: /s/ Jerome L. Simon
-----------------------------
Name: Jerome L. Simon
By: /s/ Jerome L. Simon Title: Manager
-----------------------------
Name: Jerome L. Simon
Title: Manager
/s/ Jerome L. Simon
-----------------------------
Jerome L. Simon
Page 8 of 10 Pges
EXHIBIT INDEX
EXHIBIT 1 Joint Acquisition Statement Pursuant to Section
240.13d1(k)
Page 9 of 10 Pges
EXHIBIT 1
to
SCHEDULE 13G
JOINT ACQUISITION STATEMENT
PURSUANT TO SECTION 240.13D-(f)(1)
----------------------------------
The undersigned acknowledge and agree that the foregoing statement on
Schedule 13G is filed on behalf of each of the undersigned and that all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him, her or it contained therein, but
shall not be responsible for the completeness and accuracy of the information
concerning the other entities or persons, except to the extent that he, she or
it knows or has reason to believe that such information is inaccurate.
Dated: February 23, 2004
LONESTAR PARTNERS, L.P. LONESTAR CAPITAL MANAGEMENT LLC
By: Lonestar Capital Management LLC,
its General Partner By: /s/ Jerome L. Simon
-----------------------------
Name: Jerome L. Simon
By: /s/ Jerome L. Simon Title: Manager
-----------------------------
Name: Jerome L. Simon
Title: Manager
/s/ Jerome L. Simon
-----------------------------
Jerome L. Simon
Page 10 of 10 Pges