UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment ___)*
Denny's Corporation
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
24869P104
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(CUSIP Number)
January 27, 2006
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this is filed:
[X] 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
disclosures provided in a prior cover page.
The information required on 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).
(Page 1 of 9 pages)
CUSIP No. 24869P104
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Ore Hill Hub Fund Ltd.
Tax I.D. 98-0379390
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2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ]
(b) [X]
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3. SEC Use Only
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4. Citizenship or Place of Organization Cayman Islands
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Number of 5. Sole Voting Power 0
Shares ------------------------
Beneficially 6. Shared Voting Power 5,108,696
Owned by ------------------------
Each Reporting 7. Sole Dispositive Power 0
Person With ------------------------
8. Shared Dispositive Power 5,108,696
------------------------
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9. Aggregate Amount Beneficially Owned by Each Reporting Person 5,108,696
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10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See instructions) [ ]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
5.57%
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12. Type of Reporting Person (See Instructions)
OO
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(Page 2 of 9 Pages)
CUSIP No. 24869P104
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Ore Hill Partners LLC
Tax I.D. 03-0420197
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2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ]
(b) [X]
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3. SEC Use Only
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4. Citizenship or Place of Organization Delaware
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Number of 5. Sole Voting Power 0
Shares ------------------------
Beneficially 6. Shared Voting Power 5,108,696
Owned by ------------------------
Each Reporting 7. Sole Dispositive Power 0
Person With ------------------------
8. Shared Dispositive Power 5,108,696
------------------------
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person 5,108,696
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See instructions) [ ]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
5.57%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IA
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(Page 3 of 9 Pages)
CUSIP No. 24869P104
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Benjamin Nickoll
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2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ]
(b) [X]
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3. SEC Use Only
--------------------------------------------------------------------------------
4. Citizenship or Place of Organization USA
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Number of 5. Sole Voting Power 0
Shares ------------------------
Beneficially 6. Shared Voting Power 5,108,696
Owned by ------------------------
Each Reporting 7. Sole Dispositive Power 0
Person With ------------------------
8. Shared Dispositive Power 5,108,696
------------------------
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person 5,108,696
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See instructions) [ ]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
5.57%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN
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(Page 4 of 9 Pages)
CUSIP No. 24869P104
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only).
Frederick Wahl
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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 USA
--------------------------------------------------------------------------------
Number of 5. Sole Voting Power 0
Shares ------------------------
Beneficially 6. Shared Voting Power 5,108,696
Owned by ------------------------
Each Reporting 7. Sole Dispositive Power 0
Person With ------------------------
8. Shared Dispositive Power 5,108,696
------------------------
--------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person 5,108,696
--------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See instructions) [ ]
--------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
5.57%
--------------------------------------------------------------------------------
12. Type of Reporting Person (See Instructions)
IN
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(Page 5 of 9 Pages)
Item 1.
(a) Name of Issuer:
Denny's Corporation
(b) Address of Issuer's Principal Executive Offices:
203 East Main Street, Spartanburg, South Carolina 29319-0001
Item 2.
(a) Name of Persons Filing:
This Statement relates to shares held by Ore Hill Hub Fund Ltd.
("OH Hub Fund"). Ore Hill Partners LLC ("OH Partners") is the
investment manager of the OH Hub Fund, and Benjamin Nickoll ("BN")
and Frederick Wahl ("FW") are the Managing Members of OH Partners.
Accordingly, each of OH Hub Fund, OH Partners, BN and FW may be
deemed to have voting and dispositive power with respect to the
shares reported herein.
(b) Address of Principal Business Office or, if none, Residence:
The address of the principal business office of: (i) OH Hub Fund
is c/o Butterfield Fund Services (Cayman) Ltd., P.O. Box 705 GT,
Butterfield House, 68 Fort Street, Grand Cayman, Cayman Islands,
and (ii) each of OH Partners, BN and FW is 650 Fifth Avenue, 9th
Floor, New York, New York 10019.
(c) Citizenship:
OH Hub Fund is a Cayman Islands exempted company. OH Partners is a
Delaware limited liability company. Each of BN and FW are citizens
of the United States of America.
(d) Title of Class of Securities:
Common Stock, par value $.01 per share
(e) CUSIP Number:
24869P104
Item 3.
OH Partners is a registered investment adviser under Section 203
of the Investment Advisers Act and, accordingly, is filing this
Statement as:
[X] An Investment Adviser in accordance with Rule
13d-1(b)(1)(ii)(E).
This Statement is not being filed pursuant to Rule 13d-1(b), or
13d-2(b) or (c) with respect to the other persons joining in the
filing of this Statement.
Item 4. Ownership.
As to each person joining in the filing of this Statement
(a) Amount beneficially owned: 5,108,696 shares held by OH Hub Fund.
(b) Percent of class: 5.57%.
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 0 .
--------
(ii) Shared power to vote or to direct the vote: 5,108,696 shares.
----------------
(iii) Sole power to dispose or to direct the disposition of: 0 .
------
(iv) Shared power to dispose or to direct the disposition of:
5,108,696 shares.
----------------
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
(Page 6 of 9 pages)
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.
Not applicable.
Item 9. Notice of Dissolution of a Group.
Not applicable.
Item 10. Certification.
By signing below OH Partners certifies that, to the best of its
knowledge and belief, the securities referred to above were acquired and are
held in the ordinary course of business and 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.
By signing below each of OH Hub Fund, BN and FW 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.
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.
February 2, 2006
ORE HILL PARTNERS LLC,
individually and on behalf of
ORE HILL HUB FUND LTD.
By: /s/ CLAUDE A. BAUM
----------------------------
Name: Claude A. Baum
Title: General Counsel
/s/ BENJAMIN NICKOLL
--------------------------------
Benjamin Nickoll
/s/ FREDERICK WAHL
--------------------------------
Frederick Wahl
(Page 7 of 9 pages)
Exhibit Index
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Exhibit Page No.
------- --------
A. Joint Filing Agreement, dated February 3, 2006, by and 9
between Ore Hill Hub Fund Ltd., Ore Hill Partners LLC
Benjamin Nickoll and Frederick Wahl
(Page 8 of 9 pages)
EXHIBIT A
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JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with
respect to the Common Stock of Denny's Corporation dated February 2, 2006 is,
and any amendments thereto (including amendments on Schedule 13D) signed by each
of the undersigned shall be, filed on behalf of each of us pursuant to and in
accordance with the provisions of Rule 13d-1(k) under the Securities Exchange
Act of 1934, as amended.
February 3, 2006
ORE HILL PARTNERS LLC,
individually and on behalf of
ORE HILL HUB FUND LTD.
By: /s/ CLAUDE A. BAUM
----------------------------
Name: Claude A. Baum
Title: General Counsel
/s/ BENJAMIN NICKOLL
--------------------------------
Benjamin Nickoll
/s/ FREDERICK WAHL
--------------------------------
Frederick Wahl
(Page 9 of 9 pages)