UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
Pegasus Capital Advisors, L.P.
505 Park Avenue, 21st Floor
NY, NY 10022
(212) 710-2500
Receive Notices and Communications)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.o
Note:Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
* 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).
CUSIP No. | 608753 109 |
1 | NAMES OF REPORTING PERSONS PP IV MOUNTAIN PASS II, LLC (27-2275409) | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
WC | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
DELAWARE | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 8,516,558 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | |||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 8,516,558 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
8,516,558 | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
10.3%(1) | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
OO |
Page 2 of 11 Pages
CUSIP No. | 608753 109 |
1 | NAMES OF REPORTING PERSONS PP IV MP AIV 1, LLC (27-2274966) | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
WC | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
DELAWARE | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 4,125,266 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | |||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 4,125,266 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
4,125,266 | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
5.0%(1) | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
OO |
Page 3 of 11 Pages
CUSIP No. | 608753 109 |
1 | NAMES OF REPORTING PERSONS PP IV MP AIV 2, LLC (27-2275068) | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
WC | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
DELAWARE | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 1,506,806 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | |||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 1,506,806 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
1,506,806 | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
1.8%(1) | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
OO |
Page 4 of 11 Pages
CUSIP No. | 608753 109 |
1 | NAMES OF REPORTING PERSONS PP IV MP AIV 3, LLC (27-2275229) | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
WC | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
DELAWARE | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 1,506,806 | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | |||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 1,506,806 | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
1,506,806 | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
1.8%(1) | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
OO |
Page 5 of 11 Pages
CUSIP No. | 608753 109 |
1 | NAMES OF REPORTING PERSONS PEGASUS PARTNERS IV, L.P. | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
DELAWARE | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 8,516,558(1) | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | |||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 8,516,558(1) | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
8,516,558(1) | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
10.3%(2) | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
PN |
Page 6 of 11 Pages
CUSIP No. | 608753 109 |
1 | NAMES OF REPORTING PERSONS PEGASUS PARTNERS IV (AIV), L.P. | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
DELAWARE | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 4,125,266(1) | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | |||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 4,125,266(1) | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
4,125,266(1) | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
5.0%(2) | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
PN |
Page 7 of 11 Pages
CUSIP No. | 608753 109 |
1 | NAMES OF REPORTING PERSONS PEGASUS INVESTORS IV, L.P. | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
DELAWARE | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 15,655,436(1) | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | |||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 15,655,436(1) | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
15,655,436(1) | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
18.9%(2) | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
PN |
Page 8 of 11 Pages
CUSIP No. | 608753 109 |
1 | NAMES OF REPORTING PERSONS PEGASUS INVESTORS IV GP, L.L.C. | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
DELAWARE | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 15,655,436(1) | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | |||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 15,655,436(1) | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
15,655,436(1) | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
18.9%(2) | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
OO |
Page 9 of 11 Pages
CUSIP No. | 608753 109 |
1 | NAMES OF REPORTING PERSONS PEGASUS CAPITAL LLC | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
CONNECTICUT | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 24,475,436(1) | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | |||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 24,475,436(1) | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
24,475,436(1) | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
29.7%(2) | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
OO |
Page 10 of 11 Pages
CUSIP No. | 608753 109 |
1 | NAMES OF REPORTING PERSONS CRAIG COGUT | ||||||||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) | ||||||||||
(a) o | |||||||||||
(b) o | |||||||||||
3 | SEC USE ONLY | ||||||||||
4 | SOURCE OF FUNDS (SEE INSTRUCTIONS) | ||||||||||
OO | |||||||||||
5 | CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) | ||||||||||
o | |||||||||||
6 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||||||||||
UNITED STATES | |||||||||||
7 | SOLE VOTING POWER | ||||||||||
NUMBER OF | 24,475,436(1) | ||||||||||
SHARES | 8 | SHARED VOTING POWER | |||||||||
BENEFICIALLY | |||||||||||
OWNED BY | |||||||||||
EACH | 9 | SOLE DISPOSITIVE POWER | |||||||||
REPORTING | |||||||||||
PERSON | 24,475,436(1) | ||||||||||
WITH | 10 | SHARED DISPOSITIVE POWER | |||||||||
11 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||||||||||
24,475,436(1) | |||||||||||
12 | CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) | ||||||||||
o | |||||||||||
13 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) | ||||||||||
29.7%(2) | |||||||||||
14 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) | ||||||||||
IN |
Page 11 of 11 Pages
On January 21, 2011, PPIV entered into a loan authorization agreement with Bank of Montreal (“BMO”), as lender (the “Loan Agreement”), pursuant to which BMO agreed to provide PPIV with a revolving loan facility in an aggregate principal amount of up to US$10,000,000 (the “Facility”) subject to the terms and conditions of the Loan Agreement. Under the Loan Agreement, the outstanding loans are payable upon the written demand of BMO in its sole discretion subject to a conditional 14 business day payment period with respect to certain repayments of such loans. PPIV is required to pay interest in respect of outstanding loans to BMO monthly, which interest may, at PPIV’s option, be payable in cash or in PIK (payable-in-kind). Interest for each such billing period in respect of the outstanding loans is computed by applying a daily periodic rate based on the greater of (a) BMO’s prime rate plus 2.50% or (b) LlBOR-quoted rate plus 5.25%, as applicable, to each day’s ending balance of the outstanding loans. Pursuant to the terms of the Loan Agreement, PPIV may not incur other debt or guarantees other than the loans and guarantees in favor of BMO, provided that PPIV may provide guarantees or other credit support in respect of obligations of its portfolio companies in an aggregate amount for all such indebtedness, guarantees and other credit support of PPIV not to exceed 80% of PPIV’s uncalled capital commitments (the “Debt Limit”). PPIV may terminate the Loan Agreement upon 15 days’ prior written notice to BMO. PPIV borrowed US$10,000,000 under the Facility on January 24, 2011.
Part II-1
In connection with the Loan Agreement, as supplemented, PPIV entered into a pledge and security agreement (the “Pledge Agreement”) on January 21, 2011, with four of its alternative investment vehicles, MPII, MPAIV1, MPAIV2, and MPAIV3 (collectively, the “Pledgors”) and BMO, as secured party. Under the Pledge Agreement, the Pledgors pledged 4,000,000 shares in the aggregate of common stock of the Issuer (the “Initially Pledged Securities”) to secure PPIV’s obligations under the Loan Agreement and PPIV’s certain other guarantees issued in favor of BMO pursuant to loan facilities between PPIV’s portfolio companies and BMO. The Pledgors may not, without BMO’s prior written consent, sell, assign, or otherwise dispose of the Initially Pledged Securities pledged by such Pledgors or any interest therein. In addition, for so long as the loan violations discussed above exist, the Pledgors may not sell more than 8,000,000 shares of the Issuer owned by such Pledgors. In addition, unless certain defaults occur under the Pledge Agreement (each, a “Trigger Event”), each Pledgor is entitled to exercise all voting and/or consensual powers pertaining to the Initially Pledged Securities pledged by it, and entitled to receive all dividends which are paid in cash out of earned surplus of the Issuer of the Initially Pledged Securities pledged by it. However, upon the occurrence and during the continuance of any Trigger Event, all rights of the Pledgors to exercise their voting and/or consensual powers in connection with the Initially Pledged Securities, and receive and retain the distributions to which they are otherwise entitled to receive and retain, shall at the option of BMO, cease and thereupon become vested in BMO. Pursuant to the terms of the Pledge Agreement, upon the occurrence and during the continuance of any Trigger Event, BMO may sell the Initially Pledged Securities or a portion thereof, subject to certain prescribed conditions.
Concurrently with the Loan Agreement on January 21, 2011, PPIV entered into two supplemental agreements. Under the first supplemental agreement between PPIV and BMO (“Supplemental Agreement No. 1”), PPIV is required to pledge, or cause the Pledgors to pledge, to BMO, in addition to the Initially Pledged Securities, additional shares of common stock of the Issuer (together with the Initially Pledged Securities, the “Pledged Securities”) in the event a minimum coverage ratio of the Initially Pledged Securities to the aggregate amount of loans outstanding under the Loan Agreement and the obligations under certain other loan facilities with PPIV’s portfolio companies guaranteed by PPIV is breached for a period of three consecutive business days. In the event the loan violations cease to exist at any time prior to December 31, 2011, BMO is required to promptly return the Pledged Securities to the Pledgors. If the loan violations have not been cured before December 31, 2011, BMO may sell the Pledged Securities in an amount necessary to cure the loan violations under the Loan Agreement and PPIV’s guarantees of its portfolio companies’ loan facilities. Under the second supplemental agreement, among PPIV, Fiber Preferred Holdings, LLC, Slipstream Funding, LLC and BMO (“Supplemental Agreement No. 2,” and together with the Loan Agreement, Pledge Agreement and Supplemental Agreement No.1, the “Financing Documents”), PPIV and BMO provided that if the loan violations have not ceased to exist by July 1, 2011 and October 1, 2011, the applicable interest rate on the Facility and the other loan facilities with Fiber Preferred Holdings, LLC and Slipstream Funding, LLC will increase by 0.25% and 0.50%, respectively, provided that any such interest rate increases shall terminate upon the cure of such loan violations.
Copies of the Financing Documents are incorporated by reference or included Exhibits to this Amendment No. 1, as the case may be, as Exhibit 10.6 and Exhibits 10.7, 10.8 and 10.9 to this Amendment No. 1. The foregoing descriptions of the Financing Documents are qualified in their entirety by reference to the full texts of the Financing Documents.
The disclosures regarding the Financing Documents in Items 3 are incorporated herein by reference.
Part II-2
The disclosures regarding the Financing Documents in Items 3 are incorporated herein by reference.
Copies of the Financing Documents are incorporated by reference or included Exhibits to this Amendment No. 1, as the case may be, as Exhibit 10.6 and Exhibits 10.7, 10.8 and 10.9 to this Amendment No. 1. The foregoing descriptions of the Financing Documents are qualified in their entirety by reference to the full texts of the Financing Documents.
Part II-3
Exhibit | Description | |
10.6 | Bank of Montreal Loan Authorization Agreement, dated January 21, 2011, by and between Bank of Montreal and Pegasus Partners IV, L.P. | |
10.7 | Supplemental Agreement, dated January 21, 2011, by and between Bank of Montreal and Pegasus Partners IV, L.P. | |
10.8 | Supplemental Agreement, dated January 21, 2011, by and among Bank of Montreal, Pegasus Partners IV, L.P., Fiber Preferred Holdings, LLC and Slipstream Funding, LLC | |
10.9 | Pledge and Security Agreement, dated January 21, 2011, by and among Bank of Montreal, Pegasus Partners IV, L.P., PP IV Mountain Pass II, LLC, PP IV MP AIV I, LLC, PP IV MP AIV 2, LLC and PP IV MP AIV 3, LLC | |
99.2 | Joint Filing Agreement, dated as of January 28, 2011 |
Part II-4
PP IV MOUNTAIN PASS II, LLC | ||||
By: | Pegasus Investors IV, L.P., | |||
its managing member | ||||
By: | Pegasus Investors IV GP, L.L.C., | |||
its general partner | ||||
By: | /s/ Alec Machiels | |||
Name: | Alec Machiels | |||
Title: | Vice President | |||
PP IV MP AIV 1, LLC | ||||
By: | Pegasus Investors IV, L.P., | |||
its managing member | ||||
By: | Pegasus Investors IV GP, L.L.C., | |||
its general partner | ||||
By: | /s/ Alec Machiels | |||
Name: | Alec Machiels | |||
Title: | Vice President | |||
PP IV MP AIV 2, LLC | ||||
By: | Pegasus Investors IV, L.P., | |||
its managing member | ||||
By: | Pegasus Investors IV GP, L.L.C., | |||
its general partner | ||||
By: | /s/ Alec Machiels | |||
Name: | Alec Machiels | |||
Title: | Vice President |
PP IV MP AIV 3, LLC | ||||
By: | Pegasus Investors IV, L.P., | |||
its managing member | ||||
By: | Pegasus Investors IV GP, L.L.C., | |||
its general partner | ||||
By: | /s/ Alec Machiels | |||
Name: | Alec Machiels | |||
Title: | Vice President | |||
PEGASUS PARTNERS IV, L.P. | ||||
By: | Pegasus Investors IV, L.P., | |||
its general partner | ||||
By: | Pegasus Investors IV GP, L.L.C., | |||
its general partner | ||||
By: | /s/ Alec Machiels | |||
Name: | Alec Machiels | |||
Title: | Vice President | |||
PEGASUS PARTNERS IV (AIV), L.P. | ||||
By: | Pegasus Investors IV, L.P., | |||
its general partner | ||||
By: | Pegasus Investors IV GP, L.L.C., | |||
its general partner | ||||
By: | /s/ Alec Machiels | |||
Name: | Alec Machiels | |||
Title: | Vice President | |||
PEGASUS INVESTORS IV, L.P. | ||||
By: | Pegasus Investors IV GP, L.L.C., | |||
its general partner | ||||
By: | /s/ Alec Machiels | |||
Name: | Alec Machiels | |||
Title: | Vice President |
PEGASUS INVESTORS IV GP, L.L.C. | ||||
By: | /s/ Alec Machiels | |||
Name: | Alec Machiels | |||
Title: | Vice President | |||
PEGASUS CAPITAL LLC | ||||
By: | /s/ Craig Cogut | |||
Name: | Craig Cogut | |||
Title: | President | |||
/s/ Craig Cogut | ||||
Craig Cogut | ||||