UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE TO
Tender Offer Statement under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
(Amendment No. 1)
Cimarex Energy Co.
(Name of Subject Company (Issuer))
Cimarex Energy Co.
(Name of Filing Person (Offeror))
Floating Rate Convertible Senior Notes due 2023
(Title of Class of Securities)
55972FAE4
(CUSIP Number of Class of Securities)
Paul Korus
Cimarex Energy Co.
1700 Lincoln Street, Suite 1800
Denver, Colorado 80203
(303) 295-3995
(Name, address, and telephone numbers of person authorized
to receive notices and communications on behalf of filing persons)
Copy to:
Thomas A. Richardson, Esq.
J. Gregory Holloway, Esq.
Paul G. Thompson, Esq.
Holme Roberts & Owen LLP
1700 Lincoln Street, Suite 4100
Denver, Colorado 80203
(303) 861-7000
CALCULATION OF FILING FEE
|
Transaction valuation(1) |
Amount of filing fee(2) |
|
||
---|---|---|---|---|---|
$125,592,014 | $14,782.18 |
Amount
Previously Paid: $14,782.18
Form or Registration No.: Schedule TO
Filing Party: Cimarex Energy Co.
Date Filed: July 6, 2005
Check the appropriate boxes below to designate any transactions to which the statement relates:
o third-party
tender offer subject to Rule 14d-1.
ý issuer tender offer subject to Rule 13e-4.
o going-private transaction subject to Rule 13e-3.
o amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the results of the tender offer: o
AMENDMENT NO. 1 TO SCHEDULE TO
This Amendment No. 1 (the "Amendment") amends and supplements the Tender Offer Statement filed on Schedule TO (the "Schedule TO"), filed initially with the Securities and Exchange Commission on July 6, 2005, by Cimarex Energy Co., a Delaware corporation ("Cimarex"), relating to the change in control offer (the "Offer") by Cimarex to purchase for cash, on the terms and subject to the conditions set forth in the Change in Control Notice and Offer to Purchase, dated July 6, 2005 (the "Offer to Purchase"), as amended and supplemented by the Supplement to Offer to Purchase, dated July 27, 2005 (the "Supplement"), and in the related revised Letter of Transmittal (the "Revised Letter of Transmittal"), as they may be further amended and supplemented from time to time, any and all of the outstanding Floating Rate Convertible Senior Notes due 2023 (the "Securities") originally issued by Magnum Hunter Resources, Inc., a Nevada corporation ("Magnum Hunter").
On July 27, 2005, Cimarex mailed the Supplement and the Revised Letter of Transmittal to the holders of the Securities to supplement and amend the Offer.
Item 1. Summary Term Sheet.
The information set forth in Item 1 is hereby amended and supplemented by the information set forth in the Supplement in section (a) under the caption "Withdrawal Rights" and by the information set forth in the Supplement in sections (a) and (b) under the caption "Amendment to Condition of the Offer," which is incorporated herein by reference.
Item 4. Terms of the Transaction.
(a)(1)(v) | Extension. The information set forth in Item 4(a)(1)(v) is hereby amended and supplemented by the information set forth in the Supplement under the captions "Right to Terminate Offer," and "Amendment to Condition of the Offer," which is incorporated herein by reference. | |
(a)(1)(vi) |
Withdrawal. The information set forth in Item 4(a)(1)(vi) is hereby amended and supplemented by the information set forth in the Supplement under the caption "Withdrawal Rights," which is incorporated herein by reference. |
|
(a)(1)(vii) |
Procedures for Tender and Withdrawal. The information set forth in Item 4(a)(1)(vii) is hereby amended and supplemented by the information set forth in the Supplement under the captions "Withdrawal Rights," "Right to Terminate Offer," "Amendment to Condition of the Offer," and "Procedures for Tendering Notes," which is incorporated herein by reference. |
|
(a)(1)(viii) |
Accepting Securities for Payment. The information set forth in Item 4(a)(1)(viii) is hereby amended and supplemented by the information set forth in the Supplement under the captions "Right to Terminate Offer," "Amendment to Condition of the Offer," and "Procedures for Tendering Notes," which is incorporated herein by reference. |
Item 8. Interest in Securities of the Subject Company.
The information set forth in Item 8 is hereby deleted in its entirety and replaced with the following:
Cimarex has one class of voting securities outstanding. On July 27, 2005, there were approximately 82,415,999 shares of common stock issued and outstanding, with each share entitled to one vote. Cimarex held approximately 1,487,315 shares of its own securities representing shares that were owned by Magnum Hunter prior to the Second Merger and were exchanged for Cimarex shares. Certain of the subsidiaries of Cimarex that formerly were subsidiaries of Magnum Hunter own shares of Cimarex common stock as a result of their ownership of Magnum Hunter common stock
1
that was exchanged for Cimarex common stock in the First Merger. Shares of Cimarex common stock held by Cimarex and Cimarex subsidiaries cannot be voted and are not considered outstanding under Delaware General Corporation Law. The following table shows, as of July 27, 2005, the approximate number of shares of common stock beneficially owned by Cimarex and its subsidiaries and the percentage of the outstanding common stock that number would represent if the shares were considered outstanding under Delaware law:
Name of Beneficial Owner |
Beneficial Ownership Total |
Percent of Class |
|||
---|---|---|---|---|---|
Cimarex Energy Co. | 1,487,315 | 1.75 | % | ||
Magnum Hunter Production, Inc. | 100,720 | <1.0 | % | ||
Canvasback Energy, Inc. | 790,476 | <1.0 | % | ||
Hunter Resources, Inc. | 22 | <1.0 | % |
The address of each subsidiary listed above is c/o Cimarex Energy Co., 1700 Lincoln Street, Suite 1800, Denver, Colorado 80203-4518.
The following table shows, as of July 27, 2005, the number and percentage of shares of common stock beneficially owned by each of the individuals identified under Item 3(b) above.
Name of Beneficial Owner |
Shares Owned(1) |
Option Shares(2) |
Beneficial Ownership Total |
Percent of Class |
|||||
---|---|---|---|---|---|---|---|---|---|
F.H. Merelli | 234,247 | 543,960 | 778,207 | <1.0 | % | ||||
Jerry Box | 8,424 | | 8,424 | <1.0 | % | ||||
Glenn A. Cox | 6,994 | 6,667 | 13,661 | <1.0 | % | ||||
Cortlandt S. Dietler | 107,308 | 49,167 | 156,475 | <1.0 | % | ||||
Hans Helmerich | 99,955 | (3) | 6,667 | 106,622 | (3) | <1.0 | % | ||
David A. Hentschel | 5,808 | 6,667 | 12,475 | <1.0 | % | ||||
Paul D. Holleman | 5,808 | 31,667 | 37,475 | <1.0 | % | ||||
L.F. Rooney, III | 23,345 | 6,667 | 30,012 | <1.0 | % | ||||
Michael J. Sullivan | 4,479 | 6,667 | 11,146 | <1.0 | % | ||||
L. Paul Teague | 46,149 | 13,334 | 59,483 | <1.0 | % | ||||
Thomas E. Jorden | 10,497 | 18,200 | 28,697 | <1.0 | % | ||||
Paul Korus | 7,867 | 36,400 | 44,267 | <1.0 | % | ||||
Joseph R. Albi | 7,197 | 36,700 | 43,897 | <1.0 | % | ||||
Stephen P. Bell | | 36,400 | 36,400 | <1.0 | % | ||||
Richard S. Dinkins | 4,226 | 18,200 | 22,426 | <1.0 | % | ||||
Gary R. Abbott | 4,980 | | 4,980 | <1.0 | % | ||||
James H. Shonsey | 7,000 | 4,800 | 11,800 | <1.0 | % |
Stock Units. Executive officers own restricted stock units that are not payable in shares of common stock until the eighth anniversary of the date of grant. The following table shows as of July 27, 2005, the number of stock units owned by each of the officers named under Item 3(b) above. The
2
stock units do not have voting rights, but the holders of the units are entitled to receive cash payments equal to any cash dividends and other distributions paid in cash on our common stock.
Name of Unit Holder |
Number of Units Owned |
|
---|---|---|
F. H. Merelli | 211,200 | |
Thomas E. Jorden | 45,500 | |
Paul Korus | 45,500 | |
Joseph R. Albi | 45,500 | |
Stephen P. Bell | 45,500 | |
Richard S. Dinkins | 45,500 | |
Gary R. Abbott | 21,250 | |
James H. Shonsey | 15,000 |
Messrs. Helmerich, Sullivan and Teague, directors of Cimarex, each hold 1,829 deferred compensation units that represent the right to receive one share of Cimarex common stock at the time provided in the director's deferred compensation election. The deferred compensation units do not have voting rights, but the holders of the units are entitled to receive cash payments equal to any cash dividends paid on Cimarex common stock.
Cimarex and the individuals identified under Item 3(b) above have engaged in the following transactions in Cimarex securities in the past 60 days:
3
Item 11. Additional Information.
Item 12. Exhibits.
The following are attached as exhibits to this Schedule TO:
Exhibit Number |
Exhibit Description |
|
---|---|---|
(a)(1) | Offer to Purchase dated July 6, 2005.* | |
(a)(2) |
Letter of Transmittal.* |
|
(a)(3) |
Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9.* |
|
(a)(4) |
Letter to brokers, dealers, commercial banks, trust companies and other nominees.* |
|
(a)(5) |
Letter to be used by brokers, dealers, commercial banks, trust companies and other nominees to their clients.* |
|
(a)(6) |
Press release issued by Cimarex on July 6, 2005.* |
|
(a)(7) |
Press release issued by Cimarex on July 27, 2005** |
|
(a)(8) |
Supplement to Offer to Purchase dated July 27, 2005.** |
|
(a)(9) |
Revised Letter of Transmittal. ** |
|
(a)(10) |
Supplemental letter to brokers, dealers, commercial banks, trust companies and other nominees. ** |
|
(a)(11) |
Supplemental letter to be used by brokers, dealers, commercial banks, trust companies and other nominees to their clients. ** |
|
(b) |
Amended and Restated Credit Agreement dated as of June 13, 2005, among Cimarex Energy Co., the Lenders listed on the signature pages thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, U.S. Bank National Association, as Co-Syndication Agent, Bank of America, N.A., as Co-Syndication Agent, Wells Fargo Bank, N.A., as Documentation Agent and J.P. Morgan Securities Inc., as Lead Arranger and Sole Book Runner (incorporated by reference to Exhibit 10.1 to Cimarex's Current Report on Form 8-K, filed with the SEC on June 17, 2005, file no. 001-31446). |
|
(d)(1) |
Indenture dated December 15, 2003 between Magnum Hunter Resources, Inc., the subsidiary guarantors named therein and Deutsche Bank Trust Company Americas, as Trustee (incorporated by reference to Magnum Hunter's Form 10-K for the year ended December 31, 2003). |
|
(d)(2) |
Form of Floating Rate Convertible Senior Notes due 2023 (included in Exhibit (d)(1)). |
|
(d)(3) |
First Supplemental Indenture, dated June 6, 2005 among Magnum Hunter Resources, Inc., the Subsidiary Guarantors named therein and Deutsche Bank Trust Company Americas, as Trustee (incorporated by reference to Exhibit 4.1 to Magnum Hunter's Current Report on Form 8-K, filed with the SEC on June 8, 2005, file no. 001-12508). |
|
4
(d)(4) |
Second Supplemental Indenture, dated June 7, 2005 among Magnum Hunter Resources, Inc., Cimarex Energy Co., the Subsidiary Guarantors named therein and Deutsche Bank Trust Company Americas, as Trustee (incorporated by reference to Exhibit 4.1 to Cimarex's Current Report on Form 8-K, filed with the SEC on June 8, 2005, file no. 001-31446). |
|
(d)(5) |
Third Supplemental Indenture, dated June 13, 2005 among Cimarex Energy Co., the Subsidiary Guarantors named therein and Deutsche Bank Trust Company Americas, as Trustee (incorporated by reference to Exhibit 4.1 to Cimarex's Current Report on Form 8-K, filed with the SEC on June 17, 2005, file no. 001-31446). |
|
(d)(6) |
Registration Rights Agreement dated as of December 17, 2003, among Magnum Hunter Resources, Inc., the Subsidiary Guarantors named therein and Deutsche Bank Securities Inc. and Banc of America Securities LLC, as representatives of the initial purchasers (filed as Exhibit 4.10 to Cimarex's Registration Statement on Form S-3 dated May 25, 2005 (Registration No. 333-125235) and incorporated herein by reference). |
|
(d)(7) |
Joinder to Registration Rights Agreement dated as of June 13, 2005, among the Subsidiary Guarantors party thereto (incorporated by reference to Exhibit 4.3 to Cimarex's Current Report on Form 8-K, filed with the SEC on June 17, 2005, file no. 001-31446). |
|
(d)(8) |
Agreement and Plan of Merger, dated as of January 25, 2005, among Cimarex Energy Co., Cimarex Nevada Acquisition Sub and Magnum Hunter Resources, Inc. (attached as Annex A to the joint proxy statement/prospectus included in Cimarex's Registration Statement on Form S-4 (Registration No. 333-123019), and incorporated herein by reference). |
|
(d)(9) |
Amendment No. 1 to Agreement and Plan of Merger, dated as of February 18, 2005, among Cimarex Energy Co., Cimarex Nevada Acquisition Sub and Magnum Hunter Resources, Inc. (attached as Annex A to the joint proxy statement/prospectus included in Cimarex's Registration Statement on Form S-4 (Registration No. 333-123019), and incorporated herein by reference). |
|
(d)(10) |
Amendment No. 2 to Agreement and Plan of Merger, dated as of April 20, 2005, among Cimarex Energy Co., Cimarex Nevada Acquisition Sub and Magnum Hunter Resources, Inc. (attached as Annex A to the joint proxy statement/prospectus included in Cimarex's Registration Statement on Form S-4 (Registration No. 333-123019), and incorporated herein by reference). |
|
(d)(11) |
Voting Agreement, dated as of January 25, 2005, among Cimarex Energy Co., Gary C. Evans and Jacquelyn Evelyn Enterprises, Inc. (incorporated by reference to Exhibit 99.1 to Cimarex's Current Report on Form 8-K filed with the SEC on January 28, 2005, file no. 001-31446). |
|
(d)(12) |
Agreement and Plan of Merger, dated as of June 7, 2005, between Cimarex Energy Co. and Magnum Hunter Resources, Inc. (incorporated by reference to Exhibit 99.1 to Cimarex's Current Report on Form 8-K filed with the SEC on June 17, 2005, file no. 001-31446). |
|
(d)(13) |
Indenture, dated March 15, 2002, between Magnum Hunter Resources, Inc., the subsidiary guarantors named therein and Bankers Trust Company, as Trustee (incorporated by reference to Magnum Hunter Resources, Inc.'s Form 10-K for the year ended December 31, 2001). |
|
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(d)(14) |
Form of 9.6% Senior Notes due 2012 (included in Exhibit (d)(13). |
|
(d)(15) |
First Supplemental Indenture dated as of June 13, 2005, among Cimarex Energy Co., the Subsidiary Guarantors party thereto and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company) (incorporated by reference to Exhibit 4.2 to Cimarex's Current Report on Form 8-K filed with the SEC on June 17, 2005, file no. 001-31446). |
|
(g) |
None. |
|
(h) |
None. |
Item 13. Information Required by Schedule 13E-3.
Not applicable.
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After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Amendment No. 1 to Schedule TO is true, compete and correct.
CIMAREX ENERGY CO. | ||||
By: |
/s/ PAUL KORUS |
|||
Name: | Paul Korus | |||
Title: | Vice President, Chief Financial Officer and Treasurer |
Date: July 27, 2005
Exhibit Number |
Exhibit Description |
|
---|---|---|
(a)(1) | Offer to Purchase dated July 6, 2005.* | |
(a)(2) |
Letter of Transmittal.* |
|
(a)(3) |
Guidelines for Certification of Taxpayer Identification Number on Substitute Form W-9.* |
|
(a)(4) |
Letter to brokers, dealers, commercial banks, trust companies and other nominees.* |
|
(a)(5) |
Letter to be used by brokers, dealers, commercial banks, trust companies and other nominees to their clients.* |
|
(a)(6) |
Press release issued by Cimarex on July 6, 2005.* |
|
(a)(7) |
Press release issued by Cimarex on July 27, 2005** |
|
(a)(8) |
Supplement to Offer to Purchase dated July 27, 2005.** |
|
(a)(9) |
Revised Letter of Transmittal. ** |
|
(a)(10) |
Supplemental letter to brokers, dealers, commercial banks, trust companies and other nominees. ** |
|
(a)(11) |
Supplemental letter to be used by brokers, dealers, commercial banks, trust companies and other nominees to their clients. ** |
|
(b) |
Amended and Restated Credit Agreement dated as of June 13, 2005, among Cimarex Energy Co., the Lenders listed on the signature pages thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, U.S. Bank National Association, as Co-Syndication Agent, Bank of America, N.A., as Co-Syndication Agent, Wells Fargo Bank, N.A., as Documentation Agent and J.P. Morgan Securities Inc., as Lead Arranger and Sole Book Runner (incorporated by reference to Exhibit 10.1 to Cimarex's Current Report on Form 8-K, filed with the SEC on June 17, 2005, file no. 001-31446). |
|
(d)(1) |
Indenture dated December 15, 2003 between Magnum Hunter Resources, Inc., the subsidiary guarantors named therein and Deutsche Bank Trust Company Americas, as Trustee (incorporated by reference to Magnum Hunter's Form 10-K for the year ended December 31, 2003). |
|
(d)(2) |
Form of Floating Rate Convertible Senior Notes due 2023 (included in Exhibit (d)(1)). |
|
(d)(3) |
First Supplemental Indenture, dated June 6, 2005 among Magnum Hunter Resources, Inc., the Subsidiary Guarantors named therein and Deutsche Bank Trust Company Americas, as Trustee (incorporated by reference to Exhibit 4.1 to Magnum Hunter's Current Report on Form 8-K, filed with the SEC on June 8, 2005, file no. 001-12508). |
|
(d)(4) |
Second Supplemental Indenture, dated June 7, 2005 among Magnum Hunter Resources, Inc., Cimarex Energy Co., the Subsidiary Guarantors named therein and Deutsche Bank Trust Company Americas, as Trustee (incorporated by reference to Exhibit 4.1 to Cimarex's Current Report on Form 8-K, filed with the SEC on June 8, 2005, file no. 001-31446). |
|
(d)(5) |
Third Supplemental Indenture, dated June 13, 2005 among Cimarex Energy Co., the Subsidiary Guarantors named therein and Deutsche Bank Trust Company Americas, as Trustee (incorporated by reference to Exhibit 4.1 to Cimarex's Current Report on Form 8-K, filed with the SEC on June 17, 2005, file no. 001-31446). |
|
(d)(6) |
Registration Rights Agreement dated as of December 17, 2003, among Magnum Hunter Resources, Inc., the Subsidiary Guarantors named therein and Deutsche Bank Securities Inc. and Banc of America Securities LLC, as representatives of the initial purchasers (filed as Exhibit 4.10 to Cimarex's Registration Statement on Form S-3 dated May 25, 2005 (Registration No. 333-125235) and incorporated herein by reference). |
|
(d)(7) |
Joinder to Registration Rights Agreement dated as of June 13, 2005, among the Subsidiary Guarantors party thereto (incorporated by reference to Exhibit 4.3 to Cimarex's Current Report on Form 8-K, filed with the SEC on June 17, 2005, file no. 001-31446). |
|
(d)(8) |
Agreement and Plan of Merger, dated as of January 25, 2005, among Cimarex Energy Co., Cimarex Nevada Acquisition Sub and Magnum Hunter Resources, Inc. (attached as Annex A to the joint proxy statement/prospectus included in Cimarex's Registration Statement on Form S-4 (Registration No. 333-123019), and incorporated herein by reference). |
|
(d)(9) |
Amendment No. 1 to Agreement and Plan of Merger, dated as of February 18, 2005, among Cimarex Energy Co., Cimarex Nevada Acquisition Sub and Magnum Hunter Resources, Inc. (attached as Annex A to the joint proxy statement/prospectus included in Cimarex's Registration Statement on Form S-4 (Registration No. 333-123019), and incorporated herein by reference). |
|
(d)(10) |
Amendment No. 2 to Agreement and Plan of Merger, dated as of April 20, 2005, among Cimarex Energy Co., Cimarex Nevada Acquisition Sub and Magnum Hunter Resources, Inc. (attached as Annex A to the joint proxy statement/prospectus included in Cimarex's Registration Statement on Form S-4 (Registration No. 333-123019), and incorporated herein by reference). |
|
(d)(11) |
Voting Agreement, dated as of January 25, 2005, among Cimarex Energy Co., Gary C. Evans and Jacquelyn Evelyn Enterprises, Inc. (incorporated by reference to Exhibit 99.1 to Cimarex's Current Report on Form 8-K filed with the SEC on January 28, 2005, file no. 001-31446). |
|
(d)(12) |
Agreement and Plan of Merger, dated as of June 7, 2005, between Cimarex Energy Co. and Magnum Hunter Resources, Inc. (incorporated by reference to Exhibit 99.1 to Cimarex's Current Report on Form 8-K filed with the SEC on June 17, 2005, file no. 001-31446). |
|
(d)(13) |
Indenture, dated March 15, 2002, between Magnum Hunter Resources, Inc., the subsidiary guarantors named therein and Bankers Trust Company, as Trustee (incorporated by reference to Magnum Hunter Resources, Inc.'s Form 10-K for the year ended December 31, 2001). |
|
(d)(14) |
Form of 9.6% Senior Notes due 2012 (included in Exhibit (d)(13)). |
|
(d)(15) |
First Supplemental Indenture dated as of June 13, 2005, among Cimarex Energy Co., the Subsidiary Guarantors party thereto and Deutsche Bank Trust Company Americas (formerly known as Bankers Trust Company) (incorporated by reference to Exhibit 4.2 to Cimarex's Current Report on Form 8-K filed with the SEC on June 17, 2005, file no. 001-31446). |
|
(g) |
None. |
|
(h) |
None. |