The principal business of Blackstone Holdings II L.P. is performing the functions of, and serving as, the managing member (or similar position) and member or equity holder in various affiliated Blackstone entities. The principal business of Blackstone Holdings I/II GP L.L.C. is performing the functions of, and serving as, a general partner of Blackstone Holdings II L.P. and other affiliated Blackstone entities. The principal business of The Blackstone Group Inc. is performing the functions of, and serving as, the sole member of Blackstone Holdings I/II GP L.L.C., and in a similar capacity for other affiliated Blackstone entities. The principal business of Blackstone Group Management L.L.C. is performing the functions of, and serving as, the sole holder of the Class C common stock of The Blackstone Group Inc.
The principal occupation of Mr. Schwarzman is serving as an executive of The Blackstone Group Inc. and Blackstone Group Management L.L.C.
(d) During the last five years, none of the Reporting Persons or, to the best knowledge of the Reporting Persons, any of the other persons set forth onSchedule I attached hereto, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, none of the Reporting Persons or, to the best knowledge of the Reporting Persons, any of the other persons set forth onSchedule I attached hereto, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) See Items 2(a)-(b) above for place of organization or citizenship of each of the Reporting Persons.
Item 3. | Source and Amount of Funds or Other Consideration. |
Item 3 of the Schedule 13D is hereby amended by inserting the following information at the end of Item 3:
On January 24, 2020, the Debt Commitment Letter and the Side Letter were each amended and restated to add MUFG Bank, Ltd. and Blackstone Holdings Finance Co. L.L.C. as Financing Banks party thereto (such amended and restated Debt Commitment Letter, the “Amended and Restated Debt Commitment Letter” and such amended and restated Side Letter, the “Amended and Restated Side Letter”). On January 31, 2020, Buyer delivered notice under the Amended and Restated Side Letter of its election to pursue the financing contemplated under the Amended and Restated Debt Commitment Letter, thereby terminating the Alternative Debt Commitment Letter.
On February 4, 2020, the Loan Parties and Holdings Manager entered into an Amendment No. 1 to the Credit Agreement (“Amendment No. 1 to Credit Agreement”) with Credit Suisse AG, Cayman Islands Branch, as administrative agent and collateral agent, and the lenders party thereto to, among other things, permit the transactions contemplated by the Merger Agreement and certain related transactions and to permit the Borrowers to incur increased incremental commitments thereunder for purposes of funding a portion of the Merger Consideration and related fees and expenses.
On February 14, 2020, the Loan Parties and Holdings Manager entered into Incremental Amendment No. 1 to Credit Agreement (“Incremental Amendment No. 1 to Credit Agreement”) with Credit Suisse AG, Cayman Islands Branch, as administrative agent and collateral agent and the lenders party thereto to, among other things, establish commitments for incremental loans in an aggregate principal amount of $375,000,000 under the Credit Agreement, which the Borrowers can elect to draw under for purposes of funding a portion of the Merger Consideration and related fees and expenses on the terms and conditions set forth in the Incremental Amendment No. 1.
The foregoing descriptions of the Amendment No 1. to Credit Agreement, Incremental Amendment No. 1 to Credit Agreement, Amended and Restated Debt Commitment Letter and Amended and Restated Side Letter do not purport to be complete and are qualified in their entirety by the full text of such agreements, which are attached as exhibits to this Schedule 13D and are incorporated herein by reference.