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tm2117708-2_sc13e3a - none - 1.9218752s
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549​
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SCHEDULE 13E-3
RULE 13E-3 TRANSACTION STATEMENT
UNDER SECTION 13(E) OF THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)​
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Evolve Transition Infrastructure LP
(Name of Issuer)​
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Stonepeak Catarina Holdings, LLC
SP Common Equity Subsidiary LLC
Stonepeak Texas Midstream Holdco LLC
Stonepeak Catarina Upper Holdings LLC
Stonepeak Infrastructure Fund (Orion AIV) LP
Stonepeak Associates LLC
Stonepeak GP Holdings LP
Stonepeak GP Investors LLC
Stonepeak GP Investors Manager LLC
Michael Dorrell
Evolve Transition Infrastructure LP
Evolve Transition Infrastructure GP LLC
(Name of Person Filing Statement)
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Common Units Representing Limited Partner Interests
(Title of Class of Securities)​
30053M104
(CUSIP Numbers of Class of Securities)​
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Adrienne Saunders
General Counsel
c/o Stonepeak Infrastructure Partners
55 Hudson Yards
550 W. 34th St., 48th Floor
New York, NY 10001
(212) 907-5100
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Charles C. Ward
Chief Financial Officer
Evolve Transition Infrastructure GP LLC
1360 Post Oak Blvd., Suite 2400
Houston, Texas 77056
(713) 783-8000
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Filing Person)​
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Copies to:
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George J. Vlahakos
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Philip M. Haines
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Sidley Austin LLP
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Hunton Andrews Kurth LLP
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1000 Louisiana Street, Suite 5900
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600 Travis, Street 4200
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Houston, Texas 77002
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Houston, Texas 77002
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(713) 495-4522
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(713) 220-4200
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This statement is filed in connection with (check the appropriate box):
a.
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The filing of solicitation materials or an information statement subject to Regulation 14A, Regulation 14C or Rule 13e-3(c) under the Securities Exchange Act of 1934.
b.
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The filing of a registration statement under the Securities Act of 1933.
c.
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A tender offer.
d.
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None of the above.
Check the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary copies: ☐
Check the following box if the filing is a final amendment reporting the results of the transaction: ☒
Calculation of Filing Fee
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Transaction value*
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Amount of filing fee**
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$9,244,293.00
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$1,008.55
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*
Estimated for purposes of calculating the amount of the filing fee only. The amount assumes the purchase of all outstanding common units representing limited partner interests (the “Common Units”) of Sanchez Midstream Partners LP (“SNMP”) not owned by Stonepeak Catarina Holdings, LLC (“Stonepeak”) and its affiliates at a purchase price of $0.62 per Common Unit, net to the seller in cash, which is equal to the price which would be paid if Stonepeak caused the exercise of the limited call right described in this Transaction Statement on Schedule 13E-3, including the exhibits attached hereto. On December 8, 2020, 19,953,880 Common Units were outstanding of which 5,043,730 are owned by Stonepeak and its affiliates. Accordingly, this calculation assumes the purchase of 14,910,150 Common Units, the maximum number of Common Units that may be acquired in the transactions.
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**
The amount of the filing fee is calculated in accordance with Rule 0-11 of the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory #1 for Fiscal Year 2021 issued by the Securities and Exchange Commission, equals $109.10 per million dollars of the transaction value.
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☐
Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
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​ Amount Previously Paid: $1,008.55 ​ ​ Filing Party: Stonepeak Catarina Holdings, LLC et al. ​
​ Form or Registration No.: Schedule 13e-3 (File No. 005-82227) ​ ​ Date Filed: December 11, 2020 ​
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This Amendment No. 3 to the Transaction Statement on Schedule 13E-3 (as amended, this “Transaction Statement”), is being jointly filed with the United States Securities and Exchange Commission pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended, and Rule 13e-3 thereunder, by (i) Stonepeak Catarina Holdings, LLC, a Delaware limited liability company (“Stonepeak Catarina” and, together with its subsidiaries, other than the Partnership (as defined herein) “Stonepeak”), SP Common Equity Subsidiary LLC, a Delaware limited liability company, Stonepeak Texas Midstream Holdco LLC, a Delaware limited liability company, Stonepeak Catarina Upper Holdings LLC, a Delaware limited liability company, Stonepeak Infrastructure Fund (Orion AIV) LP, a Delaware limited partnership, Stonepeak Associates LLC, a Delaware limited liability company, Stonepeak GP Holdings LP, a Delaware limited partnership, Stonepeak GP Investors LLC, a Delaware limited liability company, Stonepeak GP Investors Manager LLC, a Delaware limited liability company, and Michael Dorrell, a citizen of the United States of America, (ii) Evolve Transition Infrastructure LP, a Delaware limited partnership (the “Partnership”), and (iii) Evolve Transition Infrastructure GP LLC, a Delaware limited liability company and the general partner of the Partnership. Given the additional issuances of common units representing limited partner interests in the Partnership (“Common Units”) in connection with the Partnership’s previously announced at-the-market offering and the increase in per common unit trading price since the initial filing of the Transaction Statement, the filing persons do not currently expect that the potential issuances of Common Units under the letter agreement dated November 16, 2020 will result in the issuance of Common Units to Stonepeak Catarina sufficient enough to provide Stonepeak the opportunity to cause the exercise of the limited call right provided for in the Third Amended and Restated Agreement of Limited Partnership of the Partnership, as amended to the date hereof, prior to December 31, 2022. By filing this Amendment No. 3 to the Transaction Statement, the filing persons hereby withdraw the Transaction Statement.
 
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SIGNATURE
After due 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: September 22, 2021 ​ ​
SP COMMON EQUITY SUBSIDIARY LLC
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​ ​ ​ ​ By: ​ ​ STONEPEAK CATARINA HOLDINGS, LLC, its sole member ​
​ ​ ​ ​ By: ​ ​ STONEPEAK TEXAS MIDSTREAM HOLDCO LLC, its managing member ​
​ ​ ​ ​ By: ​ ​ STONEPEAK ASSOCIATES LLC, its managing member ​
​ ​ ​ ​ By: ​ ​ STONEPEAK GP HOLDINGS LP, its sole member ​
​ ​ ​ ​ By: ​ ​ STONEPEAK GP INVESTORS LLC, its general partner ​
​ ​ ​ ​ By: ​ ​ STONEPEAK GP INVESTORS MANAGER LLC, its managing member ​
​ ​ ​ ​ By: ​ ​
/s/ Michael Dorrell
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Name: Michael Dorrell
Title: Managing Member
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​ ​ ​ ​ STONEPEAK CATARINA HOLDINGS, LLC ​
​ ​ ​ ​ By: ​ ​ STONEPEAK TEXAS MIDSTREAM HOLDCO LLC, its managing member ​
​ ​ ​ ​ By: ​ ​ STONEPEAK ASSOCIATES LLC, its managing member By: STONEPEAK GP HOLDINGS LP, its sole member ​
​ ​ ​ ​ By: ​ ​ STONEPEAK GP INVESTORS LLC, its general partner ​
​ ​ ​ ​ By: ​ ​ STONEPEAK GP INVESTORS MANAGER LLC, its managing member ​
​ ​ ​ ​ By: ​ ​
/s/ Michael Dorrell
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Name: Michael Dorrell
Title: Managing Member
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​ ​ ​ ​ STONEPEAK TEXAS MIDSTREAM HOLDCO LLC ​
​ ​ ​ ​ By: ​ ​ STONEPEAK ASSOCIATES LLC, its managing member ​
​ ​ ​ ​ By: ​ ​ STONEPEAK GP HOLDINGS LP, its sole member ​
​ ​ ​ ​ By: ​ ​ STONEPEAK GP INVESTORS LLC, its general partner ​
​ ​ ​ ​ By: ​ ​ STONEPEAK GP INVESTORS MANAGER LLC, its managing member ​
​ ​ ​ ​ By: ​ ​
/s/ Michael Dorrell
​
Name: Michael Dorrell
Title: Managing Member
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​ ​ ​ ​ STONEPEAK CATARINA UPPER HOLDINGS LLC ​
​ ​ ​ ​
By:
​ ​ STONEPEAK INFRASTRUCTURE FUND (ORION AIV) LP, its managing member ​
​ ​ ​ ​
By:
​ ​ STONEPEAK ASSOCIATES LLC, its general partner ​
​ ​ ​ ​
By:
​ ​ STONEPEAK GP HOLDINGS LP, its sole member ​
​ ​ ​ ​
By:
​ ​ STONEPEAK GP INVESTORS LLC, its general partner ​
​ ​ ​ ​
By:
​ ​ STONEPEAK GP INVESTORS MANAGER LLC, its managing member ​
​ ​ ​ ​
By:
​ ​
/s/ Michael Dorrell
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Name: Michael Dorrell
Title: Managing Member
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​ ​ ​ ​ STONEPEAK INFRASTRUCTURE FUND (ORION AIV) LP ​
​ ​ ​ ​
By:
​ ​ STONEPEAK ASSOCIATES LLC, its general partner ​
​ ​ ​ ​
By:
​ ​ STONEPEAK GP HOLDINGS LP, its sole member ​
​ ​ ​ ​
By:
​ ​ STONEPEAK GP INVESTORS LLC, its general partner ​
​ ​ ​ ​
By:
​ ​ STONEPEAK GP INVESTORS MANAGER LLC, its managing member ​
​ ​ ​ ​
By:
​ ​
/s/ Michael Dorrell
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Name: Michael Dorrell
Title: Managing Member
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​ ​ ​ ​ STONEPEAK ASSOCIATES LLC ​
​ ​ ​ ​
By:
​ ​ STONEPEAK GP HOLDINGS LP, its sole member ​
​ ​ ​ ​
By:
​ ​ STONEPEAK GP INVESTORS LLC, its general partner ​
​ ​ ​ ​
By:
​ ​ STONEPEAK GP INVESTORS MANAGER LLC, its managing member ​
​ ​ ​ ​
By:
​ ​
/s/ Michael Dorrell
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Name: Michael Dorrell
Title: Managing Member
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​ ​ ​ ​ STONEPEAK GP HOLDINGS LP ​
​ ​ ​ ​
By:
​ ​ STONEPEAK GP INVESTORS LLC, its general partner ​
​ ​ ​ ​
By:
​ ​ STONEPEAK GP INVESTORS MANAGER LLC, its managing member ​
​ ​ ​ ​
By:
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/s/ Michael Dorrell
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Name: Michael Dorrell
Title: Managing Member
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​ ​ ​ ​ STONEPEAK GP INVESTORS LLC ​
​ ​ ​ ​
By:
​ ​ STONEPEAK GP INVESTORS MANAGER LLC, its managing member ​
​ ​ ​ ​
By:
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/s/ Michael Dorrell
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Name: Michael Dorrell
Title: Managing Member
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​ ​ ​ ​ STONEPEAK GP INVESTORS MANAGER LLC ​
​ ​ ​ ​
By:
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/s/ Michael Dorrell
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Name: Michael Dorrell
Title: Managing Member
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​ ​ ​ ​ ​ ​ ​
/s/ Michael Dorrell
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Name: Michael Dorrell
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​ ​ ​ ​ EVOLVE TRANSITION INFRASTRUCTURE PARTNERS LP ​
​ ​ ​ ​
By:
​ ​ Evolve Transition Infrastructure GP LLC, its general partner ​
​ ​ ​ ​
By:
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/s/ Charles C. Ward
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Name: Charles C. Ward
Title: Chief Financial Officer and Secretary
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​ ​ ​ ​ EVOLVE TRANSITION INFRASTRUCTURE GP LLC ​
​ ​ ​ ​
By:
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/s/ Charles C. Ward
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Name: Charles C. Ward
Title: Chief Financial Officer and Secretary
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