0000950123-01-506894.txt : 20011009 0000950123-01-506894.hdr.sgml : 20011009 ACCESSION NUMBER: 0000950123-01-506894 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20011002 GROUP MEMBERS: AIF IV/RRRR LLC GROUP MEMBERS: APOLLO ADVISORS IV LP GROUP MEMBERS: APOLLO MANAGEMENT IV LP GROUP MEMBERS: APOLLO OVERSEAS PARTNERS IV LP FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: APOLLO INVESTMENT FUND IV LP CENTRAL INDEX KEY: 0001068331 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: TWO MANHATTANVILLE ROAD CITY: PURCHOSE STATE: NY ZIP: 10577 MAIL ADDRESS: STREET 1: TWO MANHATTANVILLE ROAD CITY: PURCHASE STATE: NY ZIP: 10577 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: RARE MEDIUM GROUP INC CENTRAL INDEX KEY: 0000756502 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 232368845 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-36742 FILM NUMBER: 1750704 BUSINESS ADDRESS: STREET 1: 565 FIFTH AVE STREET 2: 29TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2128836940 MAIL ADDRESS: STREET 1: 565 FIFTH AVE STREET 2: 29TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: ICC TECHNOLOGIES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: INTERNATIONAL COGENERATION CORP DATE OF NAME CHANGE: 19891005 SC 13D/A 1 y53653a4sc13da.txt AMENDMENT NO. 4 TO SCHEDULE 13D 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934* (Amendment No. 4) RARE MEDIUM GROUP, INC. (NAME OF ISSUER) COMMON STOCK, PAR VALUE $0.01 PER SHARE (TITLE OF CLASS OF SECURITIES) 449238 20 3 (CUSIP NUMBER) DOMINICK P. DECHIARA, ESQ. O'SULLIVAN LLP 30 ROCKEFELLER PLAZA NEW YORK, NY 10112 (212) 408-2400 Copy to: MICHAEL D. WEINER APOLLO MANAGEMENT, L.P. 1999 AVENUE OF THE STARS LOS ANGELES, CA 90067 (310) 201-4100 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS) October 1, 2001 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box. [ ] 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 the 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). - 1 - 2 CUSIP NO. 449238 20 3 SCHEDULE 13D (1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (entities only) Apollo Investment Fund IV, L.P. -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] -------------------------------------------------------------------------------- (3) SEC Use Only -------------------------------------------------------------------------------- (4) Source of Funds (See Instructions) OO (SEE ITEM 3) -------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Delaware -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 30,581,591 Shares Bene- ----------------------------------------------------- ficially (8) Shared Voting Power 39,932,001 Owned by ----------------------------------------------------- Each (9) Sole Dispositive Power 30,581,591 Reporting ----------------------------------------------------- Person With (10) Shared Dispositive Power 39,932,001 -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 39,932,001 -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 43.9% -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) PN -------------------------------------------------------------------------------- - 2 - 3 CUSIP NO. 449238 20 3 SCHEDULE 13D (1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (entities only) Apollo Overseas Partners IV, L.P. -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] -------------------------------------------------------------------------------- (3) SEC Use Only -------------------------------------------------------------------------------- (4) Source of Funds (See Instructions) OO (SEE ITEM 3) -------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Delaware -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 1,640,075 Shares Bene- ----------------------------------------------------- ficially (8) Shared Voting Power 39,932,001 Owned by ----------------------------------------------------- Each (9) Sole Dispositive Power 1,640,075 Reporting ----------------------------------------------------- Person With (10) Shared Dispositive Power 39,932,001 -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 39,932,001 -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 43.9% -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) PN -------------------------------------------------------------------------------- - 3 - 4 CUSIP NO. 449238 20 3 SCHEDULE 13D (1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (entities only) AIF IV/RRRR LLC -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] -------------------------------------------------------------------------------- (3) SEC Use Only -------------------------------------------------------------------------------- (4) Source of Funds (See Instructions) OO (SEE ITEM 3) -------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Delaware -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 7,710,335 Shares Bene- ----------------------------------------------------- ficially (8) Shared Voting Power 39,932,001 Owned by ----------------------------------------------------- Each (9) Sole Dispositive Power 7,710,335 Reporting ----------------------------------------------------- Person With (10) Shared Dispositive Power 39,932,001 -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 39,932,001 -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 43.9% -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) OO -------------------------------------------------------------------------------- - 4 - 5 CUSIP NO. 449238 20 3 SCHEDULE 13D (1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (entities only) Apollo Advisors IV, L.P. -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] -------------------------------------------------------------------------------- (3) SEC Use Only -------------------------------------------------------------------------------- (4) Source of Funds (See Instructions) -------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Delaware -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 0 Shares Bene- ----------------------------------------------------- ficially (8) Shared Voting Power 39,932,001 Owned by ----------------------------------------------------- Each (9) Sole Dispositive Power 0 Reporting ----------------------------------------------------- Person With (10) Shared Dispositive Power 39,932,001 -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 39,932,001 -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 43.9% -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) PN -------------------------------------------------------------------------------- - 5 - 6 CUSIP NO. 449238 20 3 SCHEDULE 13D (1) Names of Reporting Persons I.R.S. Identification Nos. of Above Persons (entities only) Apollo Management IV, L.P. -------------------------------------------------------------------------------- (2) Check the Appropriate Box if a Member of a Group (See Instructions) (a) [X] (b) [ ] -------------------------------------------------------------------------------- (3) SEC Use Only -------------------------------------------------------------------------------- (4) Source of Funds (See Instructions) -------------------------------------------------------------------------------- (5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e) [ ] -------------------------------------------------------------------------------- (6) Citizenship or Place of Organization Delaware -------------------------------------------------------------------------------- Number of (7) Sole Voting Power 0 Shares Bene- ----------------------------------------------------- ficially (8) Shared Voting Power 39,932,001 Owned by ----------------------------------------------------- Each (9) Sole Dispositive Power 0 Reporting ----------------------------------------------------- Person With (10) Shared Dispositive Power 39,932,001 -------------------------------------------------------------------------------- (11) Aggregate Amount Beneficially Owned by Each Reporting Person 39,932,001 -------------------------------------------------------------------------------- (12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] -------------------------------------------------------------------------------- (13) Percent of Class Represented by Amount in Row (11) 43.9% -------------------------------------------------------------------------------- (14) Type of Reporting Person (See Instructions) PN -------------------------------------------------------------------------------- - 6 - 7 AMENDMENT NO. 4 TO SCHEDULE 13D RELATING TO THE COMMON STOCK OF RARE MEDIUM GROUP, INC. This Amendment No. 4 amends and supplements the following Items of the Statement on Schedule 13D, as amended (the "Schedule 13D"), of Apollo Investment Fund IV, L.P., Apollo Overseas Partners IV, L.P., AIF IV/RRRR LLC, Apollo Advisors IV, L.P. and Apollo Management IV, L.P. (collectively, the "Reporting Persons") originally filed on June 14, 1999, as amended on August 19, 1999, September 6, 2000 and May 23, 2001, with the Securities and Exchange Commission with respect to the shares of common stock of Rare Medium Group, Inc. (the "Issuer"), par value $0.01 per share (the "Issuer Common Stock"). Unless otherwise indicated, all capitalized terms used but not defined herein have the meanings set forth in the Schedule 13D. The purpose of this Amendment No. 4 is to report that the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 14, 2001 and as amended through the date of this Amendment No. 4, by and among Motient Corporation ("Acquiror"), MR Acquisition Corp., a wholly owned subsidiary of Acquiror and the Issuer, has been terminated effective as of October 1, 2001. Pursuant to the terms of the three separate Voting Agreements, by and between Acquiror, on the one hand, and each of Apollo Investment Fund IV, L.P. ("Apollo Fund"), Apollo Overseas Partners IV, L.P. ("Apollo Overseas") and AIF IV/RRRR LLC ("AIF IV", collectively with Apollo Fund and Apollo Overseas, the "Apollo Entities"), on the other hand, each dated as of May 14, 2001 (collectively, the "Voting Agreements"), upon the termination of the Merger Agreement in accordance with its terms, each Voting Agreement and each Proxy (as defined in each Voting Agreement) delivered thereunder has been terminated and has no further force or effect. ITEM 4. PURPOSE OF TRANSACTION. Item 4 is hereby amended and supplemented as follows: In connection with the termination of the Merger Agreement and each of the Voting Agreements, Acquiror, on the one hand, and each of the Apollo Entities, on the other hand, entered into a Letter Agreement, dated as of October 1, 2001 (the "Letter Agreement"). Pursuant to the Letter Agreement, none of the parties thereto (nor any of their respective directors, officers, employees and advisors, each in their capacity as such) have any further obligations or liabilities owing to the others in connection with or arising out of the Merger Agreement, the Registration Rights Agreement (as defined in the Letter Agreement), the Voting Agreements, the Proxies or the termination of any such agreement. The summary of the Letter Agreement contained in this Amendment No. 4 does not purport to be complete and is subject to, and qualified in its entirety by reference to, the text of the Letter Agreement, a copy of which is filed as Exhibit 8 hereto and incorporated herein by reference. - 7 - 8 ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Item 6 is hereby amended and supplemented as follows: The summary of the Letter Agreement discussed above in Item 4 is hereby incorporated by reference in this Item 6. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS Item 7 is hereby amended and supplemented by adding thereto the following: Exhibit 8 - Letter Agreement, dated as of October 1, 2001. - 8 - 9 SIGNATURE After reasonable 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: October 2, 2001 APOLLO INVESTMENT FUND IV, L.P. By: Apollo Advisors IV, L.P., its General Partner By: Apollo Capital Management By: /s/ Michael D. Weiner -------------------------- Name: Michael D. Weiner Title: Vice President - 9 - 10 SIGNATURE After reasonable 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: October 2, 2001 APOLLO OVERSEAS PARTNERS IV, L.P. By: Apollo Advisors IV, L.P., its General Partner By: Apollo Capital Management IV, Inc., its General Partner By: /s/ Michael D. Weiner -------------------------- Name: Michael D. Weiner Title: Vice President - 10 - 11 SIGNATURE After reasonable 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: October 2, 2001 AIF IV/RRRR LLC IV, L.P. By: Apollo Management IV, L.P., its Manager By: AIF IV Management, Inc., its General Partner By: /s/ Michael D. Weiner ---------------------------- Name: Michael D. Weiner Title: Vice President - 11 - 12 SIGNATURE After reasonable 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: October 2, 2001 APOLLO ADVISORS IV, L.P. By: Apollo Capital Management IV, Inc., its General Partner By: /s/ Michael D. Weiner ---------------------------- Name: Michael D. Weiner Title: Vice President - 12 - 13 SIGNATURE After reasonable 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: October 2, 2001 APOLLO MANAGEMENT IV, L.P. By: AIF IV Management, Inc. its General Partner By: /s/ Michael D. Weiner ---------------------------- Name: Michael D. Weiner Title: Vice President - 13 - 14 INDEX TO EXHIBITS EXHIBIT NUMBER DESCRIPTION ------ ----------- Exhibit 8 Letter Agreement, dated as of October 1, 2001. - 14 - EX-99.8 3 y53653a4ex99-8.txt LETTER AGREEMENT 1 MOTIENT CORPORATION MR ACQUISITION CORP. 10802 PARKRIDGE BLVD. RESTON, VIRGINIA 20191-5416 October 1, 2001 Apollo Investment Fund IV, L.P. Apollo Overseas Partners IV, L.P. AIF IV/RRRR LLC 1301 Avenue of the Americas 38th Floor New York, NY 10019 Attention: Andrew Africk RE: Termination of Agreements and Releases Ladies and Gentlemen: Reference is hereby made to (i) the Agreement and Plan of Merger by and among Motient Corporation ("Acquiror"), MR Acquisition Corp. ("Merger Sub") and Rare Medium Group, Inc. (the "Company"), dated as of May 14, 2001 (as amended through the date hereof, the "Merger Agreement"); (ii) the Amended and Restated Registration Rights Agreement by and between Acquiror and Apollo Investment Fund IV, L.P. (the "Fund"), Apollo Overseas Partners IV, L.P. ("Overseas") and AIF IV/RRRR LLC (collectively with the Fund and Overseas, the "Apollo Entities"), dated as of June 11, 2001 (the "Registration Rights Agreement"); and (iii) the three separate Voting Agreements, by and between Acquiror, on the one hand, and each of the three Apollo Entities, on the other hand, each dated as of May 14, 2001 (collectively, the "Voting Agreements"). All capitalized terms used but not otherwise defined herein shall have the meaning set forth in the Merger Agreement. Acquiror, Merger Sub and the Company have terminated the Merger Agreement pursuant to Section 8.01(a) thereof effective as of the date of this letter. Pursuant to Section 5.13 of the Registration Rights Agreement, upon the termination of the Merger Agreement in accordance with its terms, the Registration Rights Agreement shall thereupon terminate and shall have no further force or effect. Pursuant to Section 24 of each Voting Agreement, upon the termination of the Merger Agreement in accordance with its terms, each Voting Agreement and each Proxy (as defined in each Voting Agreement) delivered thereunder shall thereupon terminate and shall have no further force or effect. Acquiror, Merger Sub and the Apollo Entities hereby acknowledge and agree that as a result of the termination of the Merger Agreement, the Registration Rights Agreement, the Voting Agreements and the Proxies, none of such parties (nor any of their respective directors, officers, employees and advisors, each in their capacity as such) shall have any further obligations or liabilities owing to the others in connection with or arising out of the Merger Agreement, the Registration Rights Agreement, the Voting Agreements, the Proxies or the termination of any such agreement. 2 Apollo Investment Fund IV, L.P. Apollo Overseas Partners IV, L.P. AIF IV/RRRR LLC October 1, 2001 Page 2 This letter agreement may be executed and delivered in two or more counterparts, and by the different parties hereto in separate counterparts, each of which when executed and delivered shall be deemed to be an original but all of which taken together shall constitute one and the same agreement. This letter agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware without regard to any principles of conflicts of law. 3 Apollo Investment Fund IV, L.P. Apollo Overseas Partners IV, L.P. AIF IV/RRRR LLC October 1, 2001 Page 3 Please acknowledge your understanding of and agreement with the foregoing by signing this letter agreement in the spaces provided below. Sincerely, MOTIENT CORPORATION By: /s/ Walter V. Purnell, Jr. -------------------------------- Name: Walter V. Purnell, Jr. Title: President and Chief Executive Officer MR ACQUISITION CORP. By: /s/ Walter V. Purnell, Jr. -------------------------------- Name: Walter V. Purnell, Jr. Title: President AGREED TO AND ACCEPTED this 1st day of October, 2001 APOLLO INVESTMENT FUND IV, L.P. By: Apollo Investment Fund IV, L.P., general partner Apollo Capital Management IV, Inc., general partner By: /s/ Andrew Africk --------------------------------------------------- Andrew Africk, Vice President APOLLO OVERSEAS PARTNERS IV, L.P. By: Apollo Investment Fund IV, L.P., general partner Apollo Capital Management IV, Inc., general partner By: /s/ Andrew Africk --------------------------------------------------- Andrew Africk, Vice President AIF IV/RRRR LLC By: /s/ Andrew Africk --------------------------------------------------- Andrew Africk, Manager