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CUSIP No. 16411Q101 | | 13D | | Page 42 of 59 Pages |
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 on Schedule I attached hereto, (i) have been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) was 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.
Item 3. Source and Amount of Funds or Other Considerations.
Item 3 of the Schedule 13D is hereby amended and supplemented as follows:
In connection with the closing of the Transaction described in Item 4, on September 24, 2020, Blackstone Infrastructure Partners purchased 50.01% of the equity interests in BX CQP Target Holdco L.L.C. for aggregate consideration of $3,252,502,402.41 using capital contributions from its partners and members, including a loan from BIP-V to Blackstone Infrastructure Partners in the amount of $174,631,307. The above price may be increased up to an aggregate amount of $3,481,193,977.58 based on the satisfaction by the Issuer of certain conditions. In connection with the closing of the Transaction, Blackstone Holdco distributed 13,170,436 Common Units to BX CQP Target Holdco L.L.C., who distributed such units to Blackstone Infrastructure Partners, who distributed such units to one of its members, who transferred such units to BIP-V. BIP-V acquired the 13,170,436 Common Units for aggregate consideration of $421,453,952 using capital contributions from its partners and members and in satisfaction of the loan described above. The above price paid by BIP-V may be increased up to an aggregate amount of $451,087,433 based on the satisfaction by the Issuer of certain conditions.
Item 4. Purpose of Transaction.
Item 4 of the Schedule 13D is hereby amended and supplemented as follows:
On September 24, 2020, BX CQP SuperHoldCo Holdings Manager L.L.C., BX CQP Common Holdco Holdings Manager L.L.C. and BX Rockies Platform Co Holdings Manager L.L.C. completed the sale of all of the limited liability company interests in BX CQP Target Holdco L.L.C. (the “Transaction”) to (i) Blackstone Infrastructure Partners, being an affiliate of BIP Aggregator Q L.P., a Delaware limited partnership, and BIP Aggregator II L.P., a Delaware limited partnership (together with BIP Aggregator Q L.P., the “Initial Blackstone Infrastructure Signatories”), to which the Initial Blackstone Infrastructure Signatories assigned their rights and obligations with respect to the Transaction, and (ii) BIF IV Cypress Aggregator (Delaware) LLC (“Brookfield Infrastructure”) for an aggregate consideration of $6,503,704,064.00, which may be increased to an aggregate amount of $6,960,995,756.00 based on the satisfaction by the Issuer of certain conditions. Following the closing of the Transaction, Blackstone Infrastructure Partners and Brookfield Infrastructure directly own 50.01% and 49.99% of the equity interests in BX CQP Target Holdco L.L.C., respectively, and may be deemed to share beneficial ownership of all of the Common Units that may be deemed to be beneficially owned by BX CQP Target Holdco L.L.C.