0001193125-18-300348.txt : 20181016 0001193125-18-300348.hdr.sgml : 20181016 20181016171640 ACCESSION NUMBER: 0001193125-18-300348 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20181016 DATE AS OF CHANGE: 20181016 GROUP MEMBERS: CHARLES R. KAYE GROUP MEMBERS: JOSEPH P. LANDY GROUP MEMBERS: WARBURG PINCUS & CO. GROUP MEMBERS: WARBURG PINCUS LLC GROUP MEMBERS: WARBURG PINCUS PARTNERS GP LLC GROUP MEMBERS: WARBURG PINCUS PARTNERS, L.P. GROUP MEMBERS: WARBURG PINCUS PRIVATE EQUITY X O&G, L.P. GROUP MEMBERS: WARBURG PINCUS X GP L.P. GROUP MEMBERS: WARBURG PINCUS X, L.P. GROUP MEMBERS: WPP GP LLC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Antero Midstream GP LP CENTRAL INDEX KEY: 0001623925 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 611748605 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-89987 FILM NUMBER: 181124986 BUSINESS ADDRESS: STREET 1: 1615 WYNKOOP STREET CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: (303) 357-7310 MAIL ADDRESS: STREET 1: 1615 WYNKOOP STREET CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: Antero Resources Midstream Management LLC DATE OF NAME CHANGE: 20141031 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Warburg Pincus Private Equity VIII, L.P. CENTRAL INDEX KEY: 0001157334 IRS NUMBER: 134161869 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: C/O WARBURG PINCUS LLC STREET 2: 450 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 212-878-0600 MAIL ADDRESS: STREET 1: C/O WARBURG PINCUS LLC STREET 2: 450 LEXINGTON AVENUE CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: WARBURG PINCUS PRIVATE EQUITY VIII L P DATE OF NAME CHANGE: 20010813 SC 13D/A 1 d495530dsc13da.htm SC 13D/A SC 13D/A

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)*

 

 

Antero Midstream GP LP

(Name of Issuer)

Common Shares Representing Limited Partnership Interests

(Title of Class of Securities)

03675Y 103

(CUSIP Number)

c/o Warburg Pincus & Co.

450 Lexington Avenue

New York, NY 10017

212-878-0600

With a copy to:

Adam D. Larson, P.C.

Kirkland & Ellis LLP

609 Main Street

Houston, Texas 77002

713-836-3600

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

October 9, 2018

(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 that is the subject of this Schedule 13D, and is filing this Schedule 13D 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 this 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 (the “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).

 

 

 


SCHEDULE 13D

CUSIP No. 03675Y 103

 

  1       

  Name of Reporting Persons

 

  Warburg Pincus Private Equity VIII, L.P.

  2      

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☒

 

  3      

  SEC Use Only

 

      

  4      

  Source of Funds

 

  OO

  5      

  Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  ☐

  6      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  18,568,833

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  18,568,833

11      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  18,568,833

12      

  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13      

  Percent of Class Represented by Amount in Row (11)

 

  10.0% (1)

14      

  Type of Reporting Person

 

  PN

 

(1)

Based on the 186,209,369 common shares representing limited partnership interests (“Shares”) outstanding according to the Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2018 filed by Antero Midstream GP LP (the “Issuer”) with the U.S. Securities and Exchange Commission (the “SEC”) on August 1, 2018 (the “10-Q”).


CUSIP No. 03675Y 103

 

  1       

  Name of Reporting Persons

 

  Warburg Pincus Private Equity X O&G, L.P.

  2      

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☒

 

  3      

  SEC Use Only

 

      

  4      

  Source of Funds

 

  OO

  5      

  Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  ☐

  6      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  34,834,296

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  34,834,296

11      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  34,834,296

12      

  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13      

  Percent of Class Represented by Amount in Row (11)

 

  18.7% (1)

14      

  Type of Reporting Person

 

  PN

 

(1)

Based on the 186,209,369 Shares outstanding according to the 10-Q.


CUSIP No. 03675Y 103

 

  1       

  Name of Reporting Persons

 

  Warburg Pincus X, L.P.

  2      

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☒

 

  3      

  SEC Use Only

 

      

  4      

  Source of Funds

 

  OO

  5      

  Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  ☐

  6      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  35,948,706

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  35,948,706

11      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  35,948,706

12      

  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13      

  Percent of Class Represented by Amount in Row (11)

 

  19.3% (1)

14      

  Type of Reporting Person

 

  PN

 

(1)

Based on the 186,209,369 Shares outstanding according to the 10-Q.


CUSIP No. 03675Y 103

 

  1       

  Name of Reporting Persons

 

  Warburg Pincus X GP L.P.

  2      

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☒

 

  3      

  SEC Use Only

 

      

  4      

  Source of Funds

 

  OO

  5      

  Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  ☐

  6      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  35,948,706

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  35,948,706

11      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  35,948,706

12      

  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13      

  Percent of Class Represented by Amount in Row (11)

 

  19.3% (1)

14      

  Type of Reporting Person

 

  PN

 

(1)

Based on the 186,209,369 Shares outstanding according to the 10-Q.


CUSIP No. 03675Y 103

 

  1       

  Name of Reporting Persons

 

  WPP GP LLC

  2      

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☒

 

  3      

  SEC Use Only

 

      

  4      

  Source of Funds

 

  OO

  5      

  Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  ☐

  6      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  36,002,529

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  36,002,529

11      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  36,002,529

12      

  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13      

  Percent of Class Represented by Amount in Row (11)

 

  19.3% (1)

14      

  Type of Reporting Person

 

  OO

 

(1)

Based on the 186,209,369 Shares outstanding according to the 10-Q.


CUSIP No. 03675Y 103

 

  1       

  Name of Reporting Persons

 

  Warburg Pincus Partners, L.P.

  2      

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☒

 

  3      

  SEC Use Only

 

      

  4      

  Source of Funds

 

  OO

  5      

  Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  ☐

  6      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  55,109,589

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  55,109,589

11      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  55,109,589

12      

  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13      

  Percent of Class Represented by Amount in Row (11)

 

  29.6% (1)

14      

  Type of Reporting Person

 

  PN

 

(1)

Based on the 186,209,369 Shares outstanding according to the 10-Q.


CUSIP No. 03675Y 103

 

  1       

  Name of Reporting Persons

 

  Warburg Pincus Partners GP LLC

  2      

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☒

 

  3      

  SEC Use Only

 

      

  4      

  Source of Funds

 

  OO

  5      

  Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  ☐

  6      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  55,109,589

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  55,109,589

11      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  55,109,589

12      

  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13      

  Percent of Class Represented by Amount in Row (11)

 

  29.6% (1)

14      

  Type of Reporting Person

 

  PN

 

(1)

Based on the 186,209,369 Shares outstanding according to the 10-Q.


CUSIP No. 03675Y 103

 

  1       

  Name of Reporting Persons

 

  Warburg Pincus & Co.

  2      

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☒

 

  3      

  SEC Use Only

 

      

  4      

  Source of Funds

 

  OO

  5      

  Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  ☐

  6      

  Citizenship or Place of Organization

 

  New York

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  55,109,589

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  55,109,589

11      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  55,109,589

12      

  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13      

  Percent of Class Represented by Amount in Row (11)

 

  29.6% (1)

14      

  Type of Reporting Person

 

  PN

 

(1)

Based on the 186,209,369 Shares outstanding according to the 10-Q.


CUSIP No. 03675Y 103

 

  1       

  Name of Reporting Persons

 

  Warburg Pincus LLC

  2      

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☒

 

  3      

  SEC Use Only

 

      

  4      

  Source of Funds

 

  OO

  5      

  Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  ☐

  6      

  Citizenship or Place of Organization

 

  New York

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  55,109,589

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  55,109,589

11      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  55,109,589

12      

  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13      

  Percent of Class Represented by Amount in Row (11)

 

  29.6% (1)

14      

  Type of Reporting Person

 

  OO

 

(1)

Based on the 186,209,369 Shares outstanding according to the 10-Q.


CUSIP No. 03675Y 103

 

  1       

  Name of Reporting Persons

 

  Charles R. Kaye

  2      

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☒

 

  3      

  SEC Use Only

 

      

  4      

  Source of Funds

 

  OO

  5      

  Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  ☐

  6      

  Citizenship or Place of Organization

 

  United States of America

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  55,109,589

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  55,109,589

11      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  55,109,589

12      

  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13      

  Percent of Class Represented by Amount in Row (11)

 

  29.6% (1)

14      

  Type of Reporting Person

 

  IN

 

(1)

Based on the 186,209,369 Shares outstanding according to the 10-Q.


CUSIP No. 03675Y 103

 

  1       

  Name of Reporting Persons

 

  Joseph P. Landy

  2      

  Check the Appropriate Box if a Member of a Group

  (a)  ☐        (b)  ☒

 

  3      

  SEC Use Only

 

      

  4      

  Source of Funds

 

  OO

  5      

  Check Box if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)

 

  ☐

  6      

  Citizenship or Place of Organization

 

  United States of America

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7     

  Sole Voting Power

 

  0

  8     

  Shared Voting Power

 

  55,109,589

  9     

  Sole Dispositive Power

 

  0

  10     

  Shared Dispositive Power

 

  55,109,589

11      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  55,109,589

12      

  Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13      

  Percent of Class Represented by Amount in Row (11)

 

  29.6% (1)

14      

  Type of Reporting Person

 

  IN

 

(1)

Based on the 186,209,369 Shares outstanding according to the 10-Q.


CUSIP No. 03675Y 103

 

INTRODUCTION

This Amendment No. 2 (this “Amendment”) amends and supplements the Schedule 13D relating to the Shares that was filed on May 22, 2017 and amended by Amendment No. 1 on June 13, 2017 (the “Original Schedule 13D” and, together with this Amendment, the “Schedule 13D”) with the SEC by Warburg Pincus Private Equity VIII, L.P., a Delaware limited partnership (“WP VIII” and, together with its two affiliated partnerships, Warburg Pincus Netherlands Private Equity VIII C.V. I, a limited partnership formed under the laws of the Netherlands (“WP VIII CV I”), and WP-WPVIII Investors, L.P., a Delaware limited partnership (“WP-WPVIII Investors”), collectively, the “WP VIII Funds”); Warburg Pincus Private Equity X O&G, L.P., a Delaware limited partnership (“WP X O&G” and, together with its affiliated partnership, Warburg Pincus X Partners, L.P., a Delaware limited partnership, the “WP X O&G Funds”); Warburg Pincus X, L.P., a Delaware limited partnership (“WP X GP”), which is the general partner of each of the WP X O&G Funds; Warburg Pincus X GP L.P., a Delaware limited partnership (“WP X GP LP”), which is the general partner of WP X GP; WPP GP LLC, a Delaware limited liability company (“WPP GP”), which is the general partner of WP X GP LP and WP-WPVIII Investors GP L.P., a Delaware limited partnership (“WP-WPVIII GP”), which is the general partner of WP-WPVIII Investors; Warburg Pincus Partners, L.P., a Delaware limited partnership (“WP Partners”), which is (i) the managing member of WPP GP, and (ii) the general partner of WP VIII and WP VIII CV I; Warburg Pincus Partners GP LLC, a Delaware limited liability company (“WP Partners GP”), which is the general partner of WP Partners; Warburg Pincus & Co., a New York general partnership (“WP”), which is the managing member of WP Partners GP; Warburg Pincus LLC, a New York limited liability company (“WP LLC”), which is the manager of each of the WP VIII Funds and the WP X O&G Funds; and Charles R. Kaye and Joseph P. Landy, who are the Managing General Partners of WP and the Managing Members and Co-Chief Executive Officers of WP LLC and may be deemed to control the Warburg Pincus Entities (as defined below). Each of the WP VIII Funds, the WP X O&G Funds, WP X GP, WP X GP LP, WPP GP, WP Partners, WP Partners GP, WP and WP LLC are collectively referred to herein as the “Warburg Pincus Entities” and, together with Charles R. Kaye and Joseph P. Landy, the “Reporting Persons.” Unless set forth below, all previous Items of the Original Schedule 13D are unchanged. Capitalized terms used but not defined herein shall have the meaning set forth in the Original Schedule 13D.

Item 2. Identity and Background

Schedule A attached hereto, which amends the Schedule A included in the Original Schedule 13D, sets forth lists of all directors/managers and executive officers or persons holding equivalent positions (the “Scheduled Persons”) of each Reporting Person.

Item 4. Purpose of Transaction.

This Item 4 shall be deemed to amend and restate Item 4 to the Original Schedule 13D in its entirety:

The following describes plans or proposals that the Reporting Person may have with respect to the matters set forth in Item 4(a)-(j) of Schedule 13D:

(a)

Simplification Agreement

On October 9, 2018, the Issuer and Antero Midstream Partners LP, a Delaware limited partnership (“Antero Midstream”), announced that they had entered into a Simplification Agreement (the “Simplification Agreement”), dated as of October 9, 2018, by and among AMGP GP LLC, a Delaware limited liability company and the general partner of the Issuer (“AMGP GP”), the Issuer, Antero IDR Holdings LLC, a Delaware limited liability company and subsidiary of the Issuer (“IDR Holdings”), Arkrose Midstream Preferred Co LLC, a Delaware limited liability company and wholly owned subsidiary of the Issuer (“Preferred Co”), Arkrose Midstream Newco Inc., a Delaware corporation and wholly owned subsidiary of the Issuer (“NewCo”), Arkrose Midstream Merger Sub LLC, a Delaware limited liability company and wholly owned subsidiary of NewCo (“Merger Sub”), Antero Midstream Partners GP LLC (“AMP GP”), a Delaware limited liability company and the general partner of the Issuer, and Antero Midstream (collectively, the “Parties”).

Pursuant to the Simplification Agreement, the Parties will, on the terms and subject to the satisfaction of certain conditions contained therein, consummate a series of transactions pursuant to which: (1) AMP GP will execute and deliver an amendment (the “Antero Midstream Partnership Agreement Amendment”) to the Agreement of Limited Partnership of Antero Midstream, dated as of November 10, 2014, as amended by Amendment No. 1, dated as of February 23, 2016, and Amendment No. 2, dated as of December 20, 2017 (the “Antero Midstream Partnership Agreement”), pursuant to which, among other things, (i) the “General Partner” as defined in the Antero Midstream


CUSIP No. 03675Y 103

 

Partnership Agreement shall be permitted to have certain indebtedness, which is intended to permit the GP Merger (as defined below), and (ii) the provisions of the Antero Midstream Partnership Agreement relating to the allocation of gross income relating to distributions paid pursuant to the Simplification Agreement will be modified; (2) at the election of AMP GP, AMP GP will merge with and into the Issuer with the Issuer surviving such merger as the general partner of Antero Midstream (the “GP Merger”); (3) the Issuer will be converted from a limited partnership to a corporation under the laws of the State of Delaware, to be named Antero Midstream Corporation (hereinafter referred to as “New AM”) pursuant to and in accordance with the plan of conversion set forth in the Simplification Agreement (the “Plan of Conversion,” and such conversion, the “Conversion”), each shareholder of the Issuer will receive an equivalent number of shares of New AM Common Stock (as defined below) and a certificate of incorporation of New AM will be adopted and filed with the Delaware Secretary of State and bylaws of New AM will be adopted substantially in the forms attached as exhibits to the Simplification Agreement (the “New AM Organizational Documents”); (4) (i) New AM will (A) contribute up to $120.00 (and in no event less than $100.00) of cash to Preferred Co and (B) issue up to 12,000 shares (and in no event less than 10,000 shares) of Series A Non-Voting Perpetual Preferred Stock, par value $0.01, of New AM (the “New AM Preferred Stock”), to Preferred Co for consideration of $0.01 per share, the terms of which shall be set forth in the Certificate of Designations substantially in the form attached as an exhibit to the Simplification Agreement (the “Certificate of Designations”), and (ii) Preferred Co will transfer such New AM Preferred Stock to The Antero Foundation, a charitable organization, for no consideration (the “Preferred Stock Issuance”); (5) New AM will contribute and assign to NewCo such number of shares of common stock of New AM, par value $0.01 (the “New AM Common Stock”), that is necessary for purposes of effecting the exchange of Series B Units (as defined below) described below (the “Series B Exchange”), together with an additional number of shares of New AM Common Stock necessary to pay the stock portion of the merger consideration as further described below; and (6) Merger Sub will be merged with and into Antero Midstream, with Antero Midstream surviving such merger as a wholly owned subsidiary of NewCo (the “Merger”).

Also on October 9, 2018, pursuant to the Simplification Agreement, the Issuer, in its capacity as the managing member of IDR Holdings, and certain members of management holding a majority of the Series B Units representing limited liability company interests of IDR Holdings (the “Series B Units” and the holders of such Series B Units, the “Series B Holders”), entered into Amendment No. 2 (the “IDR Holdings LLCA Amendment”) to the Limited Liability Company Agreement of IDR Holdings, dated as of December 31, 2016, as amended on May 9, 2018, and as may be further amended. In connection with the Transactions, all of the issued and outstanding Series B Units will be exchanged for an aggregate 17.35 million shares of New AM Common Stock. New AM will enter into a registration rights agreement substantially in the form attached as an exhibit to the IDR Holdings LLCA Amendment (the “Registration Rights Agreement”) with Antero Resources, a Delaware corporation (“Antero Resources”), certain members of management, certain funds affiliated with Warburg Pincus LLC and Yorktown Partners LLC and the Series B Holders (collectively, the “Holders”), to register the resale of the New AM Common Stock issued to the Holders in the Conversion, the Merger and the Series B Exchange, as applicable, under certain circumstances. The transactions contemplated by the Simplification Agreement are collectively referred to herein as the “Transactions.”

The foregoing description of the Simplification Agreement and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by the actual Simplification Agreement, a copy of which is filed as Exhibit 99.2 hereto and is incorporated by reference in its entirety to this Item 4.

Voting Agreement

On October 9, 2018, concurrently with the execution of the Simplification Agreement, Antero Midstream and the shareholders of the Issuer named in Schedule I thereto (the “Voting Agreement Shareholders”) entered into a Voting Agreement (the “AMLP Voting Agreement”), pursuant to which, subject to the terms and conditions therein, the Voting Agreement Shareholders have agreed to vote (or cause to be voted) all of the Shares beneficially owned by them (the “Covered Shares”) approving the AMGP Shareholder Proposals, and any other matters necessary for consummation of the Merger and the other transactions contemplated in the Simplification Agreement. In addition, the Voting Agreement Shareholders have agreed to vote against the approval or adoption of any action, agreement, transaction or proposal that is intended to or would reasonably be expected to (1) result in a breach of any obligation of the Issuer contained in the Simplification Agreement or (2) to impede, delay, postpone, discourage, frustrate the purposes of or adversely affect any of the Transactions or any action contemplated by the Simplification Agreement.


CUSIP No. 03675Y 103

 

If, without the prior consent of the Voting Agreement Shareholders, any provisions of the Simplification Agreement described in the next sentence are amended or waived, the obligations of the Voting Agreement Shareholders under the AMLP Voting Agreement shall terminate and the Voting Agreement Shareholders will be deemed to vote against all proposals at the AMLP Unitholder Meeting (as defined in the AMLP Voting Agreement). This termination provision applies only to any such Simplification Agreement amendment or waiver that (i) extends the Termination Date, (ii) adversely impacts the merger consideration to be received by the Voting Agreement Shareholders or the number or value of the Shares held by the Voting Agreement Shareholders upon consummation of the Transactions, or (iii) otherwise has a material adverse effect on the interests of the Voting Agreement Shareholders in the Transactions. As of October 9, 2018, the Reporting Persons collectively owned 55,109,589 Shares, representing approximately 29.6% of the total Shares issued and outstanding. The approval of the Simplification Agreement requires the affirmative vote or consent of holders of a majority of the outstanding Shares and the affirmative vote or consent of unaffiliated holders of Shares that hold a majority of the outstanding Shares.

The foregoing description of the AMLP Voting Agreement and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by the actual AMLP Voting Agreement, a copy of which is filed as Exhibit 99.3 hereto and is incorporated by reference in its entirety to this Item 4.

 

(b)

The information set forth in Item 4(a) is incorporated by reference into this Item 4(b).

 

(c)

The information set forth in Item 4(a) is incorporated by reference into this Item 4(c).

 

(d)

The information set forth in Item 4(a) is incorporated by reference into this Item 4(d).

 

(e)

The information set forth in Item 4(a) is incorporated by reference into this Item 4(e).

 

(f)

The information set forth in Item 4(a) is incorporated by reference into this Item 4(f)

 

(g)

The information set forth in Item 4(a) is incorporated by reference into this Item 4(g).

 

(h)

The information set forth in Item 4(a) is incorporated by reference into this Item 4(h).

 

(i)

The information set forth in Item 4(a) is incorporated by reference into this Item 4(i).

 

(j)

The information set forth in Item 4(a) is incorporated by reference into this Item 4(j).

Except as described in this Item 4, none of the Reporting Persons nor, to the knowledge of the Reporting Persons, any of the Scheduled Persons has any present plans or proposals which relate to or which would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of this Schedule 13D. The Reporting Persons reserve the right to formulate other plans or make proposals which relate to or would result in a transaction, event or action enumerated in paragraphs (a) through (j) of Item 4 of the instructions to Schedule 13D with respect to the Issuer, and take action in connection therewith, including a disposition of all or a portion of their investment in the Issuer. The Reporting Persons may, at any time, reconsider and change their plans or proposals relating to the foregoing with respect to the Issuer.

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

The information set forth in Item 4 of this Amendment is hereby incorporated by reference into this Item 6.

Item 7. Material to Be Filed as Exhibits.

Item 7 of the Original Schedule 13D is supplemented as follows:

 

Exhibit 99.2    Simplification Agreement, dated as of October 9, 2018, by and among AMGP GP LLC, Antero Midstream GP LP, Antero IDR Holdings LLC, Arkrose Midstream Preferred Co LLC, Arkrose Midstream NewCo Inc., Arkrose Midstream Merger Sub LLC, Antero Midstream Partners GP LLC and Antero Midstream Partners LP (incorporated by reference to Exhibit 2.1 to Current Report on Form 8-K (Commission File No. 001-38075) filed on October 10, 2018).


CUSIP No. 03675Y 103

 

Exhibit 99.3    Voting Agreement, dated as of October 9, 2018, by and between Antero Midstream GP LP and the shareholders named on Schedule I thereto stockholders (incorporated by reference to Exhibit 10.1 to Current Report on Form 8-K (Commission File No. 001-38075) filed on October 10, 2018).


SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

WARBURG PINCUS PRIVATE EQUITY VIII, L.P.
By:    Warburg Pincus Partners, L.P., its general partner   
By:    Warburg Pincus Partners GP LLC, its general partner   
By:    Warburg Pincus & Co., its managing member   
By:    /s/ Robert B. Knauss                                                     Date: October 16, 2018                                             
   Name: Robert B. Knauss   
   Title: Partner   
WARBURG PINCUS PRIVATE EQUITY X O&G, L.P.
By:    Warburg Pincus X, L.P., its general partner   
By:    Warburg Pincus X GP L.P., its general partner   
By:    WPP GP LLC, its general partner   
By:    Warburg Pincus Partners, L.P., its managing member   
By:    Warburg Pincus Partners GP LLC, its general partner   
By:    Warburg Pincus & Co., its managing member   
By:    /s/ Robert B. Knauss                                                     Date: October 16, 2018                                             
   Name: Robert B. Knauss   
   Title: Partner   
WARBURG PINCUS X, L.P.
By:    Warburg Pincus X GP L.P., its general partner   
By:    WPP GP LLC, its general partner   
By:    Warburg Pincus Partners, L.P., its managing member   
By:    Warburg Pincus Partners GP LLC, its general partner   
By:    Warburg Pincus & Co., its managing member   
By:    /s/ Robert B. Knauss                                                     Date: October 16, 2018                                             
   Name: Robert B. Knauss   
   Title: Partner   
WARBURG PINCUS X GP L.P.
By:    WPP GP LLC, its general partner   
By:    Warburg Pincus Partners, L.P., its managing member   
By:    Warburg Pincus Partners GP LLC, its general partner   
By:    Warburg Pincus & Co., its managing member   
By:    /s/ Robert B. Knauss                                                     Date: October 16, 2018                                             
   Name: Robert B. Knauss   
   Title: Partner   


WPP GP LLC   
By:    Warburg Pincus Partners, L.P., its managing member   
By:    Warburg Pincus Partners GP LLC, its general partner   
By:    Warburg Pincus & Co., its managing member   
By:    /s/ Robert B. Knauss                                                     Date: October 16, 2018                                             
   Name: Robert B. Knauss   
   Title: Partner   
WARBURG PINCUS PARTNERS, L.P.   
By:    Warburg Pincus Partners GP LLC, its general partner   
By:    Warburg Pincus & Co., its managing member   
By:    /s/ Robert B. Knauss                                                     Date: October 16, 2018                                             
   Name: Robert B. Knauss   
   Title: Partner   
WARBURG PINCUS PARTNERS GP LLC   
By:    Warburg Pincus & Co., its managing member   
By:    /s/ Robert B. Knauss                                                     Date: October 16, 2018                                             
   Name: Robert B. Knauss   
   Title: Partner   
WARBURG PINCUS & CO.   
By:    /s/ Robert B. Knauss                                                     Date: October 16, 2018                                             
   Name: Robert B. Knauss   
   Title: Partner   
WARBURG PINCUS LLC   
By:    /s/ Robert B. Knauss                                                     Date: October 16, 2018                                             
   Name: Robert B. Knauss   
   Title: Managing Director   
CHARLES R. KAYE   
By:    /s/ Charles R. Kaye                                                     Date: October 16, 2018                                             
   Name: Charles R. Kaye   
   Title: Robert B. Knauss, Attorney-in-Fact*   


JOSEPH P. LANDY

 

By:    /s/ Joseph P. Landy                                                 Date: October 16, 2018                                             
   Name: Joseph P. Landy   
   Title: Robert B. Knauss, Attorney-in-Fact*   

 

*

The Power of Attorney given by each of Mr. Kaye and Mr. Landy was previously filed with the SEC on July 12, 2016 as an exhibit to a beneficial ownership report on Schedule 13D filed by Warburg Pincus LLC with respect to WEX, Inc. and is hereby incorporated by reference.


SCHEDULE A

Set forth below is the name, position and present principal occupation of each of the general partners of Warburg Pincus & Co. (“WP”) and members of Warburg Pincus LLC (including its subsidiaries, “WP LLC”). Except as otherwise indicated, the business address of each of such persons is 450 Lexington Avenue, New York, New York 10017, and each of such persons is a citizen of the United States.

GENERAL PARTNERS OF WP

 

NAME

  

PRESENT PRINCIPAL OCCUPATION IN ADDITION

TO POSITION WITH WP, AND POSITIONS

WITH THE REPORTING ENTITIES

Gregory C. Baecher    Partner of WP; Member and Managing Director of WP LLC
Alexander Berzofsky    Partner of WP; Member and Managing Director of WP LLC
Damon Beyer    Partner of WP; Member and Managing Director of WP LLC
Anthony Robert Buonanno    Partner of WP; Member and Managing Director of WP LLC
Thomas Carella    Partner of WP; Member and Managing Director of WP LLC
Mark M. Colodny    Partner of WP; Member and Managing Director of WP LLC
Cary J. Davis    Partner of WP; Member and Managing Director of WP LLC
Peter Deming    Partner of WP; Member and Managing Director of WP LLC
Joseph Gagnon    Partner of WP; Member and Managing Director of WP LLC
Timothy F. Geithner    Partner of WP; Member, Managing Director and President of WP LLC
Stephanie Geveda    Partner of WP; Member and Managing Director of WP LLC
Steven G. Glenn    Partner of WP; Member and Managing Director of WP LLC
Jeffrey Goldfaden    Partner of WP; Member and Managing Director of WP LLC
David Habachy    Partner of WP; Member and Managing Director of WP LLC
William Blake Holden    Partner of WP; Member and Managing Director of WP LLC
Edward Y. Huang    Partner of WP; Member and Managing Director of WP LLC
In Seon Hwang    Partner of WP; Member and Managing Director of WP LLC
Peter R. Kagan    Partner of WP; Member and Managing Director of WP LLC
Charles R. Kaye    Managing General Partner of WP; Managing Member and Co-Chief Executive Officer of WP LLC
Robert B. Knauss    Partner of WP; Member and Managing Director of WP LLC
David B. Krieger    Partner of WP; Member and Managing Director of WP LLC
Amr Kronfol    Partner of WP; Member and Managing Director of WP LLC
Rajveer Kushwaha    Partner of WP; Member and Managing Director of WP LLC
Joseph P. Landy    Managing General Partner of WP; Managing Member and Co-Chief Executive Officer of WP LLC
James Levy    Partner of WP; Member and Managing Director of WP LLC
Frank Marinaro    Partner of WP; Member and Managing Director of WP LLC
Harsha Marti    Partner of WP; Member and Managing Director of WP LLC
Michael Martin    Partner of WP; Member and Managing Director of WP LLC
Vishnu Menon    Partner of WP; Member and Managing Director of WP LLC
James Neary    Partner of WP; Member and Managing Director of WP LLC
Andrew Park    Partner of WP; Member and Managing Director of WP LLC
Jeffrey Perlman    Partner of WP; Member and Managing Director of WP LLC
Chandler Reedy    Partner of WP; Member and Managing Director of WP LLC
Annette Rodriguez-Ferrer    Partner of WP; Member and Managing Director of WP LLC
John Rowan    Partner of WP; Member and Managing Director of WP LLC
Justin L. Sadrian    Partner of WP; Member and Managing Director of WP LLC
Adarsh Sarma    Partner of WP; Member and Managing Director of WP LLC
John W. Shearburn    Partner of WP; Member and Managing Director of WP LLC
Ashutosh Somani    Partner of WP; Member and Managing Director of WP LLC
David Sreter    Partner of WP; Member and Managing Director of WP LLC
Jeffrey Stein    Partner of WP; Member and Managing Director of WP LLC
Christopher H. Turner    Partner of WP; Member and Managing Director of WP LLC


James W. Wilson    Partner of WP; Member and Managing Director of WP LLC
Daniel Zamlong    Partner of WP; Member and Managing Director of WP LLC
Daniel Zilberman    Partner of WP; Member and Managing Director of WP LLC
WP & Co. Partners, L.P.*   
Warburg Pincus Principal Partnership, L.P.**   

 

*

New York limited partnership; primary activity is ownership interest in WP

**

Delaware limited partnership; primary activity is ownership interest in WP


MEMBERS OF WP LLC

 

NAME

  

PRESENT PRINCIPAL OCCUPATION IN ADDITION

TO POSITION WITH WP LLC, AND POSITIONS

WITH THE REPORTING ENTITIES

Saurabh Agarwal (1)    Member and Managing Director of WP LLC
Jonas Agesand (2)    Member and Managing Director of WP LLC
Gregory C. Baecher    Member and Managing Director of WP LLC; Partner of WP
Alexander Berzofsky    Member and Managing Director of WP LLC; Partner of WP
Damon Beyer    Member and Managing Director of WP LLC; Partner of WP
Peder Bratt (3)    Member and Managing Director of WP LLC
Anthony Robert Buonanno    Member and Managing Director of WP LLC; Partner of WP
Thomas Carella    Member and Managing Director of WP LLC; Partner of WP
Michael Chen (4)    Member and Managing Director of WP LLC
Julian Cheng (5)    Member and Managing Director of WP LLC
Mark M. Colodny    Member and Managing Director of WP LLC; Partner of WP
Cary J. Davis    Member and Managing Director of WP LLC; Partner of WP
Peter Deming    Member and Managing Director of WP LLC; Partner of WP
Yi Ding (4)    Member and Managing Director of WP LLC
Simon Eyers (6)    Managing Director of WP LLC
Min Fang (4)    Member and Managing Director of WP LLC
Max Fowinkel (3)    Member and Managing Director of WP LLC
Joseph Gagnon    Member and Managing Director of WP LLC; Partner of WP
Timothy F. Geithner    Member, Managing Director and President of WP LLC; Partner of WP
Stephanie Geveda    Member and Managing Director of WP LLC; Partner of WP
Steven G. Glenn    Member and Managing Director of WP LLC; Partner of WP
Jeffrey G. Goldfaden    Member and Managing Director of WP LLC; Partner of WP
David Habachy    Member and Managing Director of WP LLC; Partner of WP
William Blake Holden    Member and Managing Director of WP LLC; Partner of WP
Edward Y. Huang    Member and Managing Director of WP LLC; Partner of WP
In Seon Hwang    Member and Managing Director of WP LLC; Partner of WP
Faisal Jamil (6)    Member and Managing Director of WP LLC
Peter R. Kagan    Member and Managing Director of WP LLC; Partner of WP
Charles R. Kaye    Managing Member and Co-Chief Executive Officer of WP LLC; Managing General Partner of WP
Robert B. Knauss    Member and Managing Director of WP LLC; Partner of WP
David B. Krieger    Member and Managing Director of WP LLC; Partner of WP
Amr Kronfol    Member and Managing Director of WP LLC; Partner of WP
Rajveer Kushwaha    Member and Managing Director of WP LLC; Partner of WP
Joseph P. Landy    Managing Member and Co-Chief Executive Officer of WP LLC; Managing General Partner of WP
James Levy    Member and Managing Director of WP LLC; Partner of WP
Vishal Mahadevia    Member and Managing Director of WP LLC
Frank Marinaro    Member and Managing Director of WP LLC; Partner of WP
Harsha Marti    Member and Managing Director of WP LLC; Partner of WP
Michael Martin    Member and Managing Director of WP LLC; Partner of WP
Vishnu Menon    Member and Managing Director of WP LLC; Partner of WP
Piero Minardi (7)    Member and Managing Director of WP LLC
James Neary    Member and Managing Director of WP LLC; Partner of WP
Hoi Ying Ng (5)    Member and Managing Director of WP LLC
René Obermann (3)    Member and Managing Director of WP LLC
Narendra Ostawal (1)    Member and Managing Director of WP LLC
Andrew Park    Member and Managing Director of WP LLC; Partner of WP
Jeffrey Perlman    Member and Managing Director of WP LLC; Partner of WP
Chandler Reedy    Member and Managing Director of WP LLC; Partner of WP
David Reis (3)    Member and Managing Director of WP LLC


Annette Rodriguez-Ferrer    Member and Managing Director of WP LLC; Partner of WP
John Rowan    Member and Managing Director of WP LLC; Partner of WP
Justin L. Sadrian    Member and Managing Director of WP LLC; Partner of WP
Anish Saraf (1)    Member and Managing Director of WP LLC
Adarsh Sarma    Member and Managing Director of WP LLC; Partner of WP
Viraj Sawhney (1)    Member and Managing Director of WP LLC
John W. Shearburn    Member and Managing Director of WP LLC; Partner of WP
Ashutosh Somani    Member and Managing Director of WP LLC; Partner of WP
David Sreter    Member and Managing Director of WP LLC; Partner of WP
Jeffrey Stein    Member and Managing Director of WP LLC; Partner of WP
Biddanda N. Thimmaya (1)    Member and Managing Director of WP LLC
Christopher H. Turner    Member and Managing Director of WP LLC; Partner of WP
Somit Varma (1)    Member and Managing Director of WP LLC
Zhen Wei (5)    Member and Managing Director of WP LLC
James W. Wilson    Member and Managing Director of WP LLC; Partner of WP
Bo Xu (4)    Member and Managing Director of WP LLC
Daniel Zamlong    Member and Managing Director of WP LLC; Partner of WP
Qiqi Zhang (4)    Member and Managing Director of WP LLC
Langlang Zhou (4)    Member and Managing Director of WP LLC
Daniel Zilberman    Member and Managing Director of WP LLC; Partner of WP

 

(1)

Citizen of India

(2)

Citizen of Sweden

(3)

Citizen of Germany

(4)

Citizen of China

(5)

Citizen of Hong Kong

(6)

Citizen of United Kingdom

(7)

Citizen of Italy

As of October 1, 2018