-------------------- -----------------
CUSIP No. 235825205 13G Page 1 of 8 Pages
-------------------- -----------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
Information to be Included in Statements Filed
Pursuant to Rules 13d-1(b), (c) and
(d) and Amendments Thereto Filed
Pursuant to Rule 13d-2(b)
(Amendment No. 1)*
Dana Holding Corporation
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock $.01 par value
--------------------------------------------------------------------------------
(Title of Class of Securities)
235825205
--------------------------------------------------------------------------------
(CUSIP Number)
May 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)
*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 (the "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).
-------------------- -----------------
CUSIP No. 235825205 13G Page 2 of 8 Pages
-------------------- -----------------
================================================================================
1 NAMES OF REPORTING PERSONS
Silver Point Capital, L.P.
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 13,349,467 (See Item 4)
--------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY -0-
--------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING 13,349,467 (See Item 4)
--------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH -0-
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,349,467 (See Item 4)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.7%(1)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA, PN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT.
(1) The percentages used herein and in the rest of this Schedule 13G are
calculated based upon 98,979,254 shares of Common Stock outstanding as of May 1,
2008 pursuant to the Company's current report on Form 10-Q filed May 12, 2008
and includes 5,785,929 shares of Convertible Preferred Stock convertible into
shares of Common Stock within sixty (60) days.
-------------------- -----------------
CUSIP No. 235825205 13G Page 3 of 8 Pages
-------------------- -----------------
================================================================================
1 NAMES OF REPORTING PERSONS
Edward A. Mule
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
--------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 13,349,467 (See Item 4)
--------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
--------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 13,349,467 (See Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,349,467 (See Item 4)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.7%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT.
-------------------- -----------------
CUSIP No. 235825205 13G Page 4 of 8 Pages
-------------------- -----------------
================================================================================
1 NAMES OF REPORTING PERSONS
Robert J. O'Shea
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
(b) |_|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES -0-
--------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 13,349,467 (See Item 4)
--------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING -0-
--------------------------------------
PERSON 8 SHARED DISPOSITIVE POWER
WITH 13,349,467 (See Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
13,349,467 (See Item 4)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
|_|
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
12.7%
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
--------------------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT.
-------------------- -----------------
CUSIP No. 235825205 13G Page 5 of 8 Pages
-------------------- -----------------
Item 1(a) Name of Issuer:
The name of the issuer is Dana Holding Corporation, (the
"Company").
Item 1(b) Address of Issuer's Principal Executive Offices:
The Company's principal executive office is located at 4500
Dorr Street, Toledo, OH 43615.
Item 2(a) Name of Person Filing:
This Schedule 13G is being jointly filed by Silver Point
Capital, L.P., a Delaware limited partnership (the "Investment Manager"), Mr.
Edward A. Mule and Robert J. O'Shea with respect to the ownership of the shares
of Common Stock by Silver Point Capital Fund, L.P. (the "Fund") and Silver Point
Capital Offshore Fund, Ltd. (the "Offshore Fund").(2)
The Reporting Persons have entered into a Joint Filing
Agreement, dated June 4, 2008, a copy of which is filed with this Schedule 13G
as Exhibit A, pursuant to which the Reporting Persons have agreed to file this
statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under
the Act.
Item 2(b) Address of Principal Business Office or, if none, Residence:
The address of the principal business office of each of the
Reporting Persons is Two Greenwich Plaza, Greenwich, CT 06830
Item 2(c) Citizenship:
Silver Point Capital, L.P. is organized as a limited
partnership under the laws of the State of Delaware. Both Mr. Mule and Mr.
O'Shea are U.S. citizens.
Item 2(d) Title of Class of Securities:
Common Stock, par value $.01 per share.
Item 2(e) CUSIP No.:
235825205
_______________________________________
(2) Silver Point Capital, L.P. is the investment manager of the Fund and the
Offshore Fund and by virtue of such status may be deemed to be the
beneficial owner of the shares of Common Stock held by the Fund and the
Offshore Fund. Silver Point Capital Management, LLC ("Management") is the
general partner of Silver Point Capital, L.P. and as a result may be
deemed to be the beneficial owner of the shares of Common Stock held by
the Fund and the Offshore Fund. Each of Mr. Edward Mule and Mr. Robert
O'Shea is a member of Management and has voting and investment power with
respect to the shares of Common Stock held by the Fund and the Offshore
Fund and may be deemed to be a beneficial owner of the shares of Common
Stock held by the Fund and the Offshore Fund. Silver Point Capital, L.P.,
Management, and Messrs. Mule and O'Shea disclaim beneficial ownership of
the shares of Common Stock held by the Fund and the Offshore Fund, except
to the extent of any pecuniary interest, and this report shall not be
deemed to be an admission that they are the beneficial owners of such
securities.
-------------------- -----------------
CUSIP No. 235825205 13G Page 6 of 8 Pages
-------------------- -----------------
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a:
Not Applicable.
Item 4 Ownership:
A. Silver Point Capital, L.P.
(a) Amount beneficially owned: 13,349,467
(b) Percent of class: 12.7%
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote:
13,349,467
(ii) Shared power to vote or direct the vote: -0-
(iii) Sole power to dispose or direct the
disposition: 13,349,467
(iv) Shared power to dispose or direct the
disposition: -0-
B. Edward A. Mule
(a) Amount beneficially owned: 13,349,467
(b) Percent of class: 12.7%
(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:
13,349,467
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 13,349,467
C. Robert J. O'Shea
(a) Amount beneficially owned: 13,349,467
(b) Percent of class: 12.7%
(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:
13,349,467
(iii) Sole power to dispose or direct the
disposition: 0
(iv) Shared power to dispose or direct the
disposition: 13,349,467
-------------------- -----------------
CUSIP No. 235825205 13G Page 7 of 8 Pages
-------------------- -----------------
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 hereof each of the Reporting Persons has ceased to be the beneficial
owner of more than five percent of the class of securities, check the following
[ ].
Item 6 Ownership of More Than Five Percent on Behalf of Another
Person:
See response to Item 4.
Item 7 Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company or Control Person:
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:
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 participant in any transaction having that purpose or
effect.
-------------------- -----------------
CUSIP No. 235825205 13G Page 8 of 8 Pages
-------------------- -----------------
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.
Date: June 4, 2008
Silver Point Capital, L.P.
By: /s/ Frederick H. Fogel
-------------------------------------
Name: Frederick H. Fogel
-------------------------------------
Its: Authorized Signatory
-------------------------------------
Exhibit A
AGREEMENT REGARDING THE JOINT FILING OF SCHEDULE 13G
The undersigned hereby agree as follows:
(i) Each of them is individually eligible to use the Schedule 13G to which
this Exhibit is attached, and such Schedule 13G is filed on behalf of each of
them; and
(ii) Each of them is responsible for the timely filing of such Schedule
13G and any amendments thereto, and for the completeness and accuracy of the
information concerning such person contained therein; but none of them is
responsible for the completeness or accuracy of the information concerning the
other persons making the filing, unless such person knows or has reason to
believe that such information is inaccurate.
Date: June 4, 2008
Silver Point Capital, L.P.
By: /s/ Frederick H. Fogel
-------------------------------------
Name: Frederick H. Fogel
-------------------------------------
Its: Authorized Signatory
-------------------------------------
/s/ Edward A. Mule
--------------------------------------------
Edward A. Mule, individually
/s/ Robert J. O'Shea
--------------------------------------------
Robert J. O'Shea, individually