SC TO-I/A 1 d889277dsctoia.htm SC TO-I/A SC TO-I/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

AMENDMENT NO. 4

TO

SCHEDULE TO

TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

 

Xenia Hotels & Resorts, Inc.

(Name of Subject Company (Issuer) and Filing Person (Offeror))

Common Stock, $0.01 par value per share

(Title of Class of Securities)

984017 103

(CUSIP Number of Class of Securities)

Marcel Verbaas

President and Chief Executive Officer

Xenia Hotels & Resorts, Inc.

200 S. Orange Avenue, Suite 1200

Orlando, Florida 32801

Telephone: (407) 317-6950

(Name, address and telephone number of person authorized to receive notices and communications on behalf of filing person)

Copies to:

Cathy A. Birkeland

Roderick O. Branch

Laura P. Bauer

Latham & Watkins LLP

330 N. Wabash Avenue, Suite 2800

Chicago, Illinois 60611

(312) 876-7700

 

 

CALCULATION OF FILING FEE

 

Transaction Valuation(1)   Amount of Filing Fee(2)
$125,000,000   $14,525.00
 
(1) Calculated solely for purposes of determining the amount of the filing fee. This amount is based upon the offer to purchase up to $125,000,000 in value of shares of Xenia Hotels & Resorts, Inc. common stock, par value $0.01 per share.
(2) The amount of the filing fee, calculated in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended, and Fee Rate Advisory No. 1 for Fiscal Year 2015, equals $116.20 per million dollars of the aggregate value of the transaction.

 

x 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.

 

Amount Previously Paid:    $14,525.00 Filing Party          Xenia Hotels & Resorts, Inc.
Form or Registration No:    Schedule TO Date Filed            February 4, 2015

 

¨ Check the box if filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

 

¨ third-party tender offer subject to Rule 14d-1.
x issuer tender offer subject to Rule 13e-4.
¨ going-private transaction subject to Rule 13e-3.
¨ 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:  ¨

If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:

 

¨ Rule 13e-4(i) (Cross-Border Issuer Tender Offer)
¨ Rule 14d-1(d) (Cross-Border Third-Party Tender Offer)

 

 

 


This Amendment No. 4 (this “Amendment”) amends and supplements the Tender Offer Statement on Schedule TO initially filed by Xenia Hotels & Resorts, Inc., a Maryland corporation (the “Company”), with the Securities and Exchange Commission (the “SEC”) on February 4, 2015 (together with any amendments or supplements thereto, including this Amendment, the “Schedule TO”), which relates to the offer by the Company to purchase up to $125,000,000 in value of its shares of common stock, par value $0.01 per share (the “Shares”) at a price specified by the tendering shareholders of not greater than $21.00 nor less than $19.00 per Share, net to the seller in cash, less the withholding of any applicable taxes and without interest.

The Company’s offer was made upon the terms and subject to the conditions set forth in the Offer to Purchase dated February 4, 2015 (the “Offer to Purchase”) and in the related Letter of Transmittal and Important Instructions and Information, copies of which were previously filed with the Schedule TO as Exhibits (a)(1)(A), (a)(1)(B) and (a)(1)(C), respectively (which together, as amended or supplemented from time to time, constitute the “Offer”).

This Amendment is being filed to amend and supplement the Schedule TO. Except as amended hereby to the extent specifically provided herein, all terms of the Offer and all other disclosures set forth in the Schedule TO and the Exhibits thereto remain unchanged and are hereby expressly incorporated into this Amendment by reference. Capitalized terms used and not otherwise defined in this Amendment shall have the meanings assigned to such terms in the Schedule TO.

This Amendment is being filed to report the results of the Offer and is intended to satisfy the reporting requirements of Rule 13e-4(c)(4) promulgated under the Securities Exchange Act of 1934, as amended.

The following information is provided pursuant to Rule 13e-4(c)(4):

 

    The Company has received the final results of the Offer, which expired at 5:00 p.m., New York City Time, on March 5, 2015.

 

    The Company has accepted for purchase 1,784,401 shares of its common stock at a purchase price of $21.00 per share, for an aggregate purchase price of $37,472,421, excluding fees and expenses relating to the Offer. The 1,784,401 shares accepted for purchase in the Offer represent approximately 1.6% of the Company’s common stock outstanding as of February 3, 2015, the last day prior to the commencement of the Tender Offer.

 

    Stockholders who properly tendered and did not properly withdraw shares of common stock in the Offer at or below the final purchase price of $21.00 per share had all of their tendered shares purchased by the Company at $21.00 per share. DST Systems, Inc., the depositary for the Offer, will promptly issue payment for the shares validly tendered and accepted for purchase in accordance with the terms and conditions of the Offer.

Amendment to Offer to Purchase

The information set forth in the Offer to Purchase under the caption “Section 14. Certain Information About the Company” and Items 1 through 11 of the Schedule TO, to the extent such Items incorporate by reference the information contained in the Offer to Purchase, is hereby amended and supplemented by adding to the end of the subsection under the subheading entitled “Incorporation by Reference” the following:

“On March 9, 2015, the Company issued a press release announcing the final results and settlement of the Offer, which expired at 5:00 p.m., New York City Time, on March 5, 2015. A copy of such press release was filed as Exhibit (a)(5)(E) to the Schedule TO and is incorporated by reference herein.”

 

Item 12. Exhibits

Item 12 of the Schedule TO is hereby amended and supplemented by adding the following exhibit:

 

“(a)(5)(E)         Press Release, issued March 9, 2015”


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.

 

Xenia Hotels & Resorts, Inc.
Date: March 9, 2015 By:

/s/ Marcel Verbaas

Name: Marcel Verbaas
Title: President and Chief Executive Officer


EXHIBIT INDEX

 

(a)(1)(A) Offer to Purchase, dated February 4, 2015*
(a)(1)(B) Letter of Transmittal*
(a)(1)(C) Important Instructions and Information, dated February 4, 2015*
(a)(1)(D) Odd Lot Certification Form*
(a)(1)(E) Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees, dated February 4, 2015*
(a)(5)(A) Summary Advertisement in Wall Street Journal, dated February 4, 2015*
(a)(5)(B) Press Release, issued February 4, 2015*
(a)(5)(C) Xenia Master Q&A Document*
(a)(5)(D) Press Release, issued March 6, 2015*
(a)(5)(E) Press Release, issued March 9, 2015**

 

* Previously filed on Schedule TO, as amended, dated February 4, 2015.
** Filed herewith.