-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QKzlCgfL5snORoUaQk+wStOcz/lgA9iBs81HGWtMkwZUveS+gxjEy8tzOGPtyhge xHQyvQ6C5tkZuSJlnqsYRg== 0000950131-01-000040.txt : 20010122 0000950131-01-000040.hdr.sgml : 20010122 ACCESSION NUMBER: 0000950131-01-000040 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010104 GROUP MEMBERS: TERRA CAPITAL HOLDINGS INC GROUP MEMBERS: TERRA CAPITAL INC GROUP MEMBERS: TERRA INDUSTRIES INC GROUP MEMBERS: TERRA NITROGEN CORPORATION SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TERRA NITROGEN CO L P /DE CENTRAL INDEX KEY: 0000879575 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE CHEMICALS [2870] IRS NUMBER: 731389684 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: SEC FILE NUMBER: 005-46987 FILM NUMBER: 1501591 BUSINESS ADDRESS: STREET 1: TERRA CENTRE 600 FOURTH STREET STREET 2: PO BOX 6000 CITY: SIOUX CITY STATE: IA ZIP: 51102-6000 BUSINESS PHONE: 7122771340 MAIL ADDRESS: STREET 1: TERRA CENTER 600 FOURTH STREET STREET 2: PO BOX 6000 CITY: SIOUX CITY STATE: IA ZIP: 51102-6000 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TERRA INDUSTRIES INC CENTRAL INDEX KEY: 0000722079 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MISCELLANEOUS NONDURABLE GOODS [5190] IRS NUMBER: 521145429 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: TERRA CENTRE 600 4TH ST STREET 2: P.O. BOX 6000 CITY: SIOUX CITY STATE: IA ZIP: 51102-6000 BUSINESS PHONE: 7122771340 MAIL ADDRESS: STREET 1: TERRA CENTER STREET 2: 600 4TH ST P O BOX 6000 CITY: SIOUX CITY STATE: IA ZIP: 51102-6000 FORMER COMPANY: FORMER CONFORMED NAME: INSPIRATION RESOURCES CORP DATE OF NAME CHANGE: 19920517 SC 13D/A 1 0001.txt AMENDMENT #9 TO SC 13D SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 9 to Schedule 13D Under the Securities Exchange Act of 1934 TERRA NITROGEN COMPANY, L.P. ---------------------------- (Name of Issuer) Common Units of Limited Partnership Interests --------------------------------------------- (Title of Class of Securities) 881005 20 1 ------------------- (CUSIP Number) George H. Valentine Corporate Secretary Terra Industries Inc. Terra Centre 600 Fourth Street Sioux City, Iowa 51102-6000 (712) 277-1340 ------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 2, 2001 -------------------------------- (Date of Event which Requires Filing of this Statement) If 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(b)(3) or (4), check the following box [_]. Check the following box if a fee is being paid with the statement [_]. ---------------------- ---------------------- CUSIP No. 13D 881005 20 1 ---------------------- ---------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Terra Nitrogen Corporation EIN: 72-1159610 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) or 2(E) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 11,172,414 (See Item 5) OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 11,172,414 (See Item 5) - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 11,172,414 (See Item 5) - ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 60.4% (See Item 5) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 CO - ------------------------------------------------------------------------------ ---------------------- ---------------------- CUSIP No. 13D 881005 20 1 ---------------------- ---------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Terra Capital, Inc. (Due to direct ownership of 2,716,600 Common Units and solely due to indirect ownership of 11,172,414 Common Units through its wholly owned subsidiary, Terra Nitrogen Corporation) EIN: 42-1431650 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) or 2(E) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 13,889,014 Common Units (See Item 5) OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 13,889,014 Common Units (See Item 5) - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 13,889,014 Common Units (See Item 5) - ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 75.07% (See Item 5) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 CO - ------------------------------------------------------------------------------ ---------------------- ---------------------- CUSIP No. 13D 881005 20 1 ---------------------- ---------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Terra Capital Holdings, Inc. (Solely due to indirect ownership through its wholly owned subsidiary, Terra Capital, Inc.) EIN: 42-1431905 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) or 2(E) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Delaware - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 13,889,014 Common Units (See Item 5) OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 13,889,014 Common Units (See Item 5) - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 13,889,014 Common Units (See Item 5) - ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 75.07% (See Item 5) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 CO - ------------------------------------------------------------------------------ ---------------------- ---------------------- CUSIP No. 13D 881005 20 1 ---------------------- ---------------------- - ------------------------------------------------------------------------------ NAME OF REPORTING PERSON 1 S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Terra Industries Inc. (Solely due to indirect ownership through its wholly owned subsidiary, Terra Capital Holdings, Inc.) EIN: 52-1145429 - ------------------------------------------------------------------------------ CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* 2 (a) [_] (b) [X] - ------------------------------------------------------------------------------ SEC USE ONLY 3 - ------------------------------------------------------------------------------ SOURCE OF FUNDS* 4 OO - ------------------------------------------------------------------------------ CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(D) or 2(E) [_] 5 - ------------------------------------------------------------------------------ CITIZENSHIP OR PLACE OF ORGANIZATION 6 Maryland - ------------------------------------------------------------------------------ SOLE VOTING POWER 7 NUMBER OF -0- SHARES ----------------------------------------------------------- SHARED VOTING POWER BENEFICIALLY 8 13,889,014 Common Units (See Item 5) OWNED BY ----------------------------------------------------------- EACH SOLE DISPOSITIVE POWER 9 REPORTING -0- PERSON ----------------------------------------------------------- SHARED DISPOSITIVE POWER WITH 10 13,889,014 Common Units (See Item 5) - ------------------------------------------------------------------------------ AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11 13,889,014 Common Units (See Item 5) - ------------------------------------------------------------------------------ CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* 12 [_] - ------------------------------------------------------------------------------ PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 13 75.07% (See Item 5) - ------------------------------------------------------------------------------ TYPE OF REPORTING PERSON* 14 CO - ------------------------------------------------------------------------------ Item 1. Security and Issuer. ------------------- This Amendment No. 9 amends the Schedule 13D dated March 31, 1997 (as amended by Amendments Nos. 1 through 8, the "Schedule 13D") of the Reporting Persons relating to Common Units of limited partnership interests (the "Common Units") of Terra Nitrogen Company, L.P., a Delaware limited partnership ("TNCLP"). The principal executive offices of TNCLP are at 600 Fourth Street, Sioux City, Iowa 51101. Item 2. Identity and Background ----------------------- Not amended. Item 3. Source and Amount of Funds or Other Consideration. ------------------------------------------------- Item 3 is hereby amended by the deletion of the existing second paragraph and substituting in its place the following paragraph: "The source of funds used or to be used by Terra or its subsidiaries to acquire additional Common Units is available cash or borrowings under existing bank facilities. After the completion of Terra Capital's most recent purchase of Common Units, the covenants in such bank facilities prohibit further purchases of Common Units by Terra and its subsidiaries. The amount of funds expended for January 1998 and April 1998 purchases totaled $5.88 million. The amount of funds expended for the purchases between May 1, 1998 and May 19, 1998 totaled $4.8 million. The amount of funds expended for the purchases between May 20, 1998 and June 22, 1998 totaled $4.9 million. The amount of funds expended for the purchases between May 6, 1999 and June 30, 1999 totaled $2.0 million. The amount of funds expended for the purchases between July 1, 1999 and July 30, 1999 totaled $3.8 million. The amount of funds expended for the purchases between August 1, 1999 and August 31, 1999 totaled $2.1 million. The amount of funds expended for the purchases between October 30, 2000 and December 20, 2000 totaled $1.98 million. The amount of funds expended for the purchases between December 21, 2000 and January 2, 2001 totaled $2.08 million." Item 4. Purpose of Transaction. ---------------------- Item 4 is hereby amended by the deletion of the existing second paragraph and substituting in its place the following paragraph: "Terra announced in December 1997 that it may purchase up to 4 million additional Common Units on the open market and through privately negotiated transactions. Terra Capital purchased 86,100 Common Units in late January 1998 and 132,300 Common Units in late April 1998 pursuant to the stock buy-back authority granted by the Terra board of directors. Terra Capital further purchased 185,300 Common Units between May 1, 1998 and May 19, 1998 pursuant to the buyback authority. Terra Capital further purchased 192,300 Common Units between May 20, 1998 and June 22, 1998 pursuant to the buyback authority. Terra Capital further purchased 203,000 Common Units between May 6, 1999 and June 30, 1999 pursuant to the buyback authority. Terra Capital further purchased 182,400 Common Units between July 1, 1999 and July 30, 1999 pursuant to the buyback authority. Terra Capital further purchased 223,800 Common Units between August 1, 1999 and August 31, 1999 pursuant to the buyback authority. Terra Capital further purchased 259,800 Common Units between October 30, 2000 and December 20, 2000 pursuant to the buyback authority. Terra Capital further purchased 240,200 Common Units between December 19, 2000 and January 2, 2001 pursuant to the buyback authority. Under the terms of the Agreement of Limited Partnership, Terra has the right to acquire all outstanding Common Units based on market value when its ownership interest reaches 75%. Its most recent purchases have increased its ownership to 75.07%, thus triggering this right. Although Terra reserves the right to consider in the future whether to acquire all the Common Units pursuant to this right, it does not now have any present plan or intention to do so. However, Terra plans to study the feasibility and potential effects on Terra of exercising such right, including exploring any necessary financing for the acquisition of the remaining Common Units and any required amendments to its bank facilities." Item 5. Interest in Securities of the Issuer. ------------------------------------ Item 5, section (a) is hereby amended by deleting the second and third sentences of the first paragraph and replacing them with the following sentences: "Terra Capital is the direct beneficial owner of 2,716,600 Common Units and, by virtue of its ownership of all the outstanding common stock of TNC, may be deemed to possess indirect beneficial ownership of the Common Units beneficially owned by TNC. Thus, Terra Capital's direct and indirect ownership in the aggregate represents approximately 75.07% of the outstanding Common Units." Item 5, section (b) is hereby further amended by deleting the second sentence of the first paragraph and replacing it with the following sentence: "Terra Capital has the power to vote or direct the vote and the power to dispose of or direct the disposition of the 2,716,600 Common Units beneficially owned by Terra Capital." Item 5 is hereby further amended by adding the following table under section (c)(i) to read as follows:
Purchase Date Number of Price per Unit ------------- --------- -------------- Units ----- 12/19/00 1,000 $8.0000 12/21/00 14,900 $8.0000 12/22/00 31,900 $8.0000 12/26/00 4,500 $7.9292 12/27/00 4,400 $7.9446 01/02/01 183,500 $8.8750 ------- Total (between 12/19/00 and 01/02/01) 240,200 Total (between 10/30/00 and 01/02/01) 500,000
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect --------------------------------------------------------------------- to Securities of the Issuer. ---------------------------- Not amended. Item 7. Material to be Filed as Exhibits. -------------------------------- Not amended. SIGNATURE After reasonable inquiry and to the best of our knowledge and belief, the undersigned certifies that the information set forth in this Statement is true, complete and correct. Date: January 4, 2001 TERRA NITROGEN CORPORATION By /s/ George H. Valentine ------------------------------------- George H. Valentine Its: Vice President and General Counsel TERRA CAPITAL, INC. By /s/ George H. Valentine ------------------------------------- George H. Valentine Its: Vice President and Corporate Secretary TERRA CAPITAL HOLDINGS, INC. By /s/ George H. Valentine ------------------------------------- George H. Valentine Its: Vice President and Corporate Secretary TERRA INDUSTRIES INC. By /s/ George H. Valentine ------------------------------------- George H. Valentine Its: Senior Vice President, General Counsel and Corporate Secretary -----END PRIVACY-ENHANCED MESSAGE-----