SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
(Amendment No. 1)
Under the Securities Exchange Act of 1934*
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RTI International Metals, Inc.
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
74973W107
(CUSIP Number)
December 31, 2008
(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)
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* 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).
Schedule 13G PAGE 2 of 11
CUSIP No. 74973W107
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Columbus Hill Capital Management, L.P.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(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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(5) SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF (6) SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------------------
EACH REPORTING (7) SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
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(12) TYPE OF REPORTING PERSON
PN
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Schedule 13G PAGE 3 of 11
CUSIP No. 74973W107
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
CHC Partners, L.L.C.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
(5) SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF (6) SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------------------
EACH REPORTING (7) SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
OO
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Schedule 13G PAGE 4 of 11
CUSIP No. 74973W107
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Kevin D. Eng
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
(5) SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF (6) SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------------------
EACH REPORTING (7) SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
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(12) TYPE OF REPORTING PERSON
IN
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Schedule 13G PAGE 5 of 11
CUSIP No. 74973W107
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(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Howard T. Kaminsky
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [X]
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(3) SEC USE ONLY
--------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
(5) SOLE VOTING POWER
0
--------------------------------------------------------------
NUMBER OF (6) SHARED VOTING POWER
SHARES
BENEFICIALLY 0
OWNED BY --------------------------------------------------------------
EACH REPORTING (7) SOLE DISPOSITIVE POWER
PERSON
WITH 0
--------------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
--------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
--------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
--------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON
IN
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Schedule 13 G PAGE 6 of 11
This statement on Schedule 13G is filed with respect to the Common Stock (as
defined in Item 2(d) below) of RTI International Metals, Inc., a corporation
organized under the laws of the State of Ohio.
ITEM 1(a). NAME OF ISSUER:
The name of the issuer is RTI International Metals, Inc. (the "Company").
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
The Company's principal executive office is located at Westpointe Corporate
Center One, 5th Floor, 1550 Coraopolis Heights Road, Pittsburgh, Pennsylvania
15108-2973.
ITEMS 2(a), 2(b) and 2(c). NAME OF PERSON FILING, ADDRESS OR PRINCIPAL BUSINESS
OFFICE AND CITIZENSHIP:
This statement is filed by the entities and persons listed below, all of whom
together are referred to herein as the "Reporting Persons":
(i) Columbus Hill Capital Management, L.P., a Delaware limited
partnership, with respect to the Shares reported in this Schedule 13G
(the "Shares") held by certain investment funds managed by Columbus
Hill Capital Management, L.P.(the "Funds"). Columbus Hill Capital
Management, L.P. serves as the investment manager to each of the
Funds.
(ii) CHC Partners, L.L.C., a Delaware limited liability company, which is
the general partner of Columbus Hill Capital Management, L.P., with
respect to the Shares.
(iii) Mr. Kevin D. Eng and Mr. Howard T. Kaminsky, with respect to Shares.
Mr. Eng and Mr. Kaminsky each serves as a managing member of CHC
Partners, L.L.C. Mr. Eng and Mr. Kaminsky each also serves as a
managing member of the general partner of one of the Funds and as a
director on the Board of Directors of one of the Funds. The Funds
have the power to replace Columbus Hill Capital Management, L.P. as
investment manager at the end of any year upon not less than 30 days
prior written notice.
The address of the principal business office of each of the Reporting Persons is
c/o Columbus Hill Capital Management, L.P., 830 Morris Turnpike, 2nd Floor,
Short Hills, NJ 07078.
Columbus Hill Capital Management, L.P. and CHC Partners, L.L.C. are organized
under the laws of the State of Delaware. Mr. Eng and Mr. Kaminsky are United
States citizens.
Schedule 13 G PAGE 7 of 11
ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, $.01 par value
ITEM 2(e). CUSIP NUMBER: 74973W107
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 13d-1(b) OR 13d-2(b) OR (c),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the Act;
(b) [ ] Bank as defined in Section 3(a)(6) of the Act;
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act;
(d) [ ] Investment Company registered under Section 8 of the Investment
Company Act of 1940;
(e) [ ] Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940: see Rule 13d-1(b)(1)(ii)(E);
(f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F);
(g) [ ] Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G);
(h) [ ] Savings Associations as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [ ] Church Plan that is excluded from the definition of an investment
company under Section 3(c)(14) of the Investment Company Act of
1940;
(j) ( ) Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
IF THIS STATEMENT IS FILED PURSUANT TO Rule 13d-1(c), CHECK THIS BOX. [X]
Schedule 13 G PAGE 8 of 11
ITEM 4. OWNERSHIP.
The percentages set forth in this Item 4 are based on there being 23,004,136
shares of Common Stock outstanding as of December 31, 2008 as reported in the
Condensed Consolidated Balance Sheet of the Company as at December 31, 2008,
which is contained in Exhibit 99.1 to Form 8-K filed by the Company on February
3, 2009.
A. Columbus Hill Capital Management, L.P.
(a) Amount beneficially owned: -0-
(b) Percent of class: 0%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: -0-
(ii) shared power to vote or direct the vote: -0-
(iii) sole power to dispose or direct the disposition: -0-
(iv) shared power to dispose or direct the disposition: -0-
B. CHC Partners, L.L.C.
(a) Amount beneficially owned: -0-
(b) Percent of class: 0%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: -0-
(ii) shared power to vote or direct the vote: -0-
(iii) sole power to dispose or direct the disposition: -0-
(iv) shared power to dispose or direct the disposition: -0-
C. Kevin D. Eng
(a) Amount beneficially owned: -0-
(b) Percent of class: 0%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: -0-
(ii) shared power to vote or direct the vote: -0-
(iii) sole power to dispose or direct the disposition: -0-
(iv) shared power to dispose or direct the disposition: -0-
D. Howard T. Kaminsky
(a) Amount beneficially owned: -0-
(b) Percent of class: 0%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote: -0-
(ii) shared power to vote or direct the vote: -0-
(iii) sole power to dispose or direct the disposition: -0-
(iv) shared power to dispose or direct the disposition: -0-
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
Schedule 13 G PAGE 9 of 11
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following: [X]
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Other than as set forth herein, no other person is known to have the right to
receive or the power to direct the receipt of dividends from, or proceeds from
the sale of, the securities reported in this Schedule 13G.
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 GROUP.
Not applicable.
ITEM 10. CERTIFICATION. (if filing pursuant to Rule 13d-1(c))
Each of the Reporting Persons hereby makes the following
certification:
By signing below each Reporting Person certifies that, to the best of
its 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 not held
in connection with or as a participant in any transaction having that purpose or
effect.
Schedule 13 G PAGE 10 of 11
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 13, 2009
COLUMBUS HILL CAPITAL MANAGEMENT, L.P.
By: /s/ David W. Ambrosia
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Name: David W. Ambrosia
Title: Managing Director and
General Counsel
CHC CAPITAL PARTNERS, L.L.C.
By: /s/ *
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Name: Kevin D. Eng
Title: Managing Member
KEVIN D. ENG
By: /s/ *
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Name: Kevin D. Eng
HOWARD T. KAMINSKY
By: /s/ *
------------------------------------
Name: Howard T. Kaminsky
/s/ David W. Ambrosia
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* David W. Ambrosia, as attorney-in-fact for Kevin D. Eng and Howard T.
Kaminsky pursuant to Power of Attorney dated January 20, 2009.
EXHIBIT INDEX
Exhibit 99.1: Joint Filing Agreement, by and among Columbus Hill Capital
Management, L.P., CHC Partners, L.L.C., Kevin D. Eng and
Howard T. Kaminsky.
Exhibit 99.2: Power of Attorney granted by Mr. Kevin D. Eng in favor
of David W. Ambrosia and David Newmark, dated January 20, 2009.
Exhibit 99.3: Power of Attorney granted by Mr. Howard T. Kaminsky in favor of
David W. Ambrosia and David Newmark, dated January 20, 2009.