<PAGE> 1
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
TRITON ENERGY LIMITED
(Name of Issuer)
COMMON STOCK (ORDINARY SHARES), $0.01 PAR VALUE
(Title of Class of Securities)
G90751101
(CUSIP NUMBER)
LAWRENCE D. STUART, JR.
HM4 TRITON, L.P.
C/O HICKS, MUSE, TATE & FURST INCORPORATED
200 CRESCENT COURT
SUITE 1600
DALLAS, TEXAS 75201
(214) 740-7300
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
Copy to:
MICHAEL D. WORTLEY
VINSON & ELKINS L.L.P.
3700 TRAMMELL CROW CENTER
2001 ROSS AVENUE
DALLAS, TEXAS 75201
(214) 220-7732
SEPTEMBER 30, 1998
(Date of Event which Requires Filing of this Statement on Schedule 13D)
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<PAGE> 2
CUSIP NO. G90751101 Schedule 13D/A Page 2 of 10
<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
HM4 Triton, L.P.
- ----------------------------------------------------------------------------------------------------------------------
2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ----------------------------------------------------------------------------------------------------------------------
4 Source of Funds
WC, BK
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5 Check Box if Disclosure of Legal Proceedings is Required [ ]
Pursuant to Items 2(d) or 2(e)
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6 Citizenship or Place of Organization
Cayman Islands
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Number of Shares 7 Sole Voting Power
0
----------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned 8,090,500
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by Each Reporting 9 Sole Dispositive Power
0
----------------------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
8,090,500
- ----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
8.090,500
- ----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes [ ]
Certain Shares
- ----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
18.4%
- ----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
PN
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</TABLE>
<PAGE> 3
CUSIP NO. G90751101 Schedule 13D/A Page 3 of 10
<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
HM4/GP Partners Cayman, L.P.
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2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ----------------------------------------------------------------------------------------------------------------------
4 Source of Funds
WC
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5 Check Box if Disclosure of Legal Proceedings is Required [ ]
Pursuant to Items 2(d) or 2(e)
- ----------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Cayman Islands
- ----------------------------------------------------------------------------------------------------------------------
Number of Shares 7 Sole Voting Power
0
----------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned 8,090,500
----------------------------------------------------------------------------------------------
by Each Reporting 9 Sole Dispositive Power
0
----------------------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
8,090,500
- ----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
8,090,500
- ----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes [ ]
Certain Shares
- ----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
18.4%
- ----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
PN
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</TABLE>
<PAGE> 4
CUSIP NO. G90751101 Schedule 13D/A Page 4 of 10
<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
HM GP Partners IV Cayman, L.P.
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2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
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3 SEC Use Only
- ----------------------------------------------------------------------------------------------------------------------
4 Source of Funds
WC
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5 Check Box if Disclosure of Legal Proceedings is Required [ ]
Pursuant to Items 2(d) or 2(e)
- ----------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Cayman Islands
- ----------------------------------------------------------------------------------------------------------------------
Number of Shares 7 Sole Voting Power
0
----------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned 8,090,500
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by Each Reporting 9 Sole Dispositive Power
0
----------------------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
8,090,500
- ----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
8,090,500
- ----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes [ ]
Certain Shares
- ----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
18.4%
- ----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
PN
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</TABLE>
<PAGE> 5
CUSIP NO. G90751101 Schedule 13D/A Page 5 of 10
<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
HM Fund IV Cayman, LLC
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2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
- ----------------------------------------------------------------------------------------------------------------------
3 SEC Use Only
- ----------------------------------------------------------------------------------------------------------------------
4 Source of Funds
WC
- ----------------------------------------------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required [ ]
Pursuant to Items 2(d) or 2(e)
- ----------------------------------------------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Cayman Islands
- ----------------------------------------------------------------------------------------------------------------------
Number of Shares 7 Sole Voting Power
0
----------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned 8,090,500
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by Each Reporting 9 Sole Dispositive Power
0
----------------------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
8,090,500
- ----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
8,090,500
- ----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes [ ]
Certain Shares
- ----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
18.4%
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14 Type of Reporting Person
OO (Cayman Islands limited liability company)
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</TABLE>
<PAGE> 6
CUSIP NO. G90751101 Schedule 13D/A Page 6 of 10
<TABLE>
<S> <C>
- ----------------------------------------------------------------------------------------------------------------------
1 Name of Reporting Person, S.S. or I.R.S. Identification No. of
Above Person
Thomas O. Hicks
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2 Check the appropriate box if a member of a group (a) [ ]
(b) [ ]
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3 SEC Use Only
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4 Source of Funds
PF
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5 Check Box if Disclosure of Legal Proceedings is Required [ ]
Pursuant to Items 2(d) or 2(e)
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6 Citizenship or Place of Organization
State of Texas
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Number of Shares 7 Sole Voting Power
0
----------------------------------------------------------------------------------------------
Beneficially 8 Shared Voting Power
Owned 8,090,500
----------------------------------------------------------------------------------------------
by Each Reporting 9 Sole Dispositive Power
0
----------------------------------------------------------------------------------------------
Person With 10 Shared Dispositive Power
8,090,500
- ----------------------------------------------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned by Each Reporting
Person
8,090,500
- ----------------------------------------------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) Excludes [ ]
Certain Shares
- ----------------------------------------------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11)
18.4%
- ----------------------------------------------------------------------------------------------------------------------
14 Type of Reporting Person
IN
- ----------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE> 7
Schedule 13D/A Page 7 of 10
This Amendment No. 1 to Schedule 13D is being filed by HM4 Triton, L.P.
("Purchaser"), HM4/GP Partners Cayman, L.P., HM GP Partners IV Cayman, L.P., HM
Fund IV Cayman, LLC, and Thomas O. Hicks (collectively, the "Reporting
Persons"), to amend items 8, 10, 11 and 13 of the cover page for each of the
Reporting Persons and Item 1 and Item 5(a) and (b) to (i) include the effect of
the October 12, 1998, purchase by Purchaser of an additional 354,800 Ordinary
Shares of Triton Energy Limited, as reported in Item 5(c) of the original
Schedule 13D dated October 12, 1998 (the "Original Schedule 13D"), which shares
inadvertently were omitted from the calculations set forth in items 8, 10, 11
and 13 of the cover pages for each of the Reporting Persons and Item 1 and Item
5(a) and (b) in the Original Schedule 13D, and (ii) to reflect the purchase by
Purchaser of an additional 92,500 Ordinary Shares of Triton Energy Limited on
October 13, 1998. This Amendment No. 1 to Schedule 13D also amends Item 3 and
Item 5(c) of the Original Schedule 13D to reflect the purchase by Purchaser of
the additional 92,500 Ordinary Shares of Triton Energy Limited on October 13,
1998. The cover page for each of the Reporting Persons and the full text of
each of Items 1, 3, 5(a) and (b) and 5(c), as amended hereby, are restated in
their entirety in this Amendment No. 1. Items 2, 4, 5(d), 5(e) and 6 of the
Original Schedule 13D remain unchanged.
Unless otherwise indicated, capitalized terms used but not defined
herein which are defined in the Original Schedule 13D shall have the meanings
assigned to such terms in the Original Schedule 13D.
ITEM 1. SECURITY AND ISSUER
The class of equity securities to which this statement on Schedule 13D
relates is the Ordinary Shares, par value $0.01 per share ("Ordinary Shares"),
of Triton Energy Limited, a Cayman Islands company (the "Company"). The
Reporting Persons beneficially own such equity securities as a result of HM4
Triton, L.P.'s, record ownership of 800,500 Ordinary Shares and 1,822,500 8%
Convertible Preference Shares, par value $0.01 per share, of the Company
("Preference Shares"). Each Preference Share currently is convertible at any
time at the option of the holder, prior to redemption by the Company, into four
Ordinary Shares, subject to customary antidilution protections. The Preference
Shares first become redeemable by the Company, at its option in whole but not in
part, on September 30, 2001, provided the Ordinary Shares have traded at certain
specified levels prior to redemption.
The address of the Company's principal executive offices is Caledonian
House, Mary Street, P. O. Box 1043, George Town, Grand Cayman, Cayman Islands.
ITEM 3. SOURCES AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The Purchaser utilized $127,575,000 of its working capital to purchase
1,822,500 Preference Shares on September 30, 1998, at $70.00 per share. This
working capital was provided by capital contributions to the Purchaser from
HM4/GP and the limited partners of the Purchaser. HM4/GP obtained the funds
contributed to Purchaser by capital contributions from HM GP and the limited
partners of HM4/GP; HM GP obtained the funds contributed to HM4/GP by capital
contributions from General Partner and the limited partners of General Partner;
General Partner obtained the funds contributed to HM GP by capital contributions
from Hicks; and Hicks obtained the funds contributed to General Partner from
personal funds.
The Purchaser utilized $6,972,389 borrowed pursuant to a $30 million
line of credit facility to purchase an aggregate of 800,500 Ordinary Shares in
open market purchases on October 8, 9, 12 and 13, 1998. See Item 5(c) below.
<PAGE> 8
Schedule 13D/A Page 8 of 10
Bankers Trust Company provided the line of credit facility for the sole purpose
of providing interim financing to enable Purchaser to purchase Ordinary Shares
prior to the receipt by Purchaser of additional capital contributions from its
partners. Purchaser intends to repay the borrowings under the line of credit
facility within the next several days with capital contributions from its
partners. The terms of the line of credit facility are set forth in the Line
Letter and Base Rate Promissory Note attached hereto as Exhibits 10.5 and 10.6,
respectively, and incorporated herein by reference.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) and (b) The Purchaser is the record and beneficial owner of 800,500
Ordinary Shares, which represent approximately 1.8% of the Company's outstanding
Ordinary Shares (giving effect to the conversion of Preference Shares held by
Purchaser at the current conversion rate). The Purchaser also is the record
owner of 1,822,500 Preference Shares, or 100% of the issued and outstanding
Preference Shares. The 1,822,500 Preference Shares currently are convertible
into an aggregate of 7,290,000 Ordinary Shares, which Ordinary Shares are
beneficially owned by Purchaser and represent approximately 16.6% of the
Company's Ordinary Shares outstanding (giving effect to the conversion of the
Preference Shares held by Purchaser at the current conversion rate). The
8,090,500 Ordinary Shares beneficially owned by the Purchaser as described above
represent approximately 18.4% of the Company's Ordinary Shares outstanding,
giving effect to the conversion of Preference Shares held by Purchaser.
As a result of the relationship of Hicks to the General Partner, the
General Partner to HM GP, HM GP to HM 4/GP, and HM4/GP to the Purchaser, each
Reporting Person may be deemed to have shared power to vote, or direct the vote
of, and to dispose, or direct the disposition of, the Ordinary Shares and
Preference Shares owned by Purchaser.
(c) On September 30, 1998, the Purchaser acquired 1,822,500
Preference Shares, at a price of $70.00 per share, from the Company pursuant to
the Purchase Agreement, which Preference Shares currently are convertible into
7,290,000 Ordinary Shares. On October 8, 9, 12 and 13, 1998, Purchaser acquired
a total of 800,500 Ordinary Shares in open market purchases as follows:
<TABLE>
<CAPTION>
NUMBER OF SHARES DATE ACQUIRED PRICE PER SHARE MANNER
- ---------------- ------------- --------------- ------
<S> <C> <C> <C>
290,700 October 8, 1998 $8.25 open market purchase
2,500 October 9, 1998 $8.375 open market purchase
10,000 October 9, 1998 $8.50 open market purchase
6,000 October 9, 1998 $8.5625 open market purchase
3,000 October 9, 1998 $8.625 open market purchase
22,500 October 9, 1998 $8.75 open market purchase
12,500 October 9, 1998 $8.9375 open market purchase
6,000 October 9, 1998 $9.00 open market purchase
354,800 October 12, 1998 $9.00 open market purchase
92,500 October 13, 1998 $9.00 open market purchase
</TABLE>
<PAGE> 9
Schedule 13D/A Page 9 of 10
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
10.1 Stock Purchase Agreement, dated August 31, 1998, by and
between Triton Energy Limited and HM4 Triton, L.P.(1)*
10.2 Shareholders Agreement, dated September 30, 1998, by and
between Triton Energy Limited and HM4 Triton, L.P.*
10.3 Monitoring and Oversight Agreement, dated September 30, 1998,
by and between Triton Energy Limited and Hicks, Muse & Co.
Partners, L.P.*
10.4 Financial Advisory Agreement, dated August 31, 1998, by and
between Triton Energy Limited and Hicks, Muse & Co. Partners,
L.P.*
10.5 Line Letter dated October 9, 1998, by and between Bankers
Trust Company and HM4 Triton, L.P.(2)*
10.6 Base Rate Promissory Note dated October 9, 1998, in the
original principal amount of $30,000,000, executed by HM4
Triton, L.P., and payable to Bankers Trust Company.*
24.1 Power of Attorney for Thomas O. Hicks (filed as Exhibit 2 to
Schedule 13D regarding Coho Energy, Inc., filed with the
Securities and Exchange Commission on May 20, 1998, and
incorporated herein by reference).
24.2 Power of Attorney for HM4/GP Partners Cayman, L.P.*
24.3 Power of Attorney for HM GP Partners IV Cayman, L.P.*
24.4 Power of Attorney for HM Fund IV Cayman, LLC.*
24.5 Power of Attorney for HM4 Triton, L.P.*
99.1 Joint Filing Agreement dated October 9, 1998, among HM4
Triton, L.P., HM Fund IV Cayman, LLC, HM GP Partners IV
Cayman, L.P., HM4/GP Partners Cayman, L.P. and Thomas O.
Hicks.*
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* Previously Filed.
(1) The Stock Purchase Agreement is filed herewith without attached
exhibits and schedules, but such omitted exhibits and schedules will be
provided by the Purchaser upon written request.
(2) The Line Letter is filed herewith without attached exhibits, but such
omitted exhibits will be provided by the Purchaser upon written
request.
<PAGE> 10
Schedule 13D/A Page 10 of 10
SIGNATURES
After due inquiry and to the best of my knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
Dated October 13, 1998 HM4 TRITON, L.P.
By: /s/ MICHAEL D. SALIM
-----------------------------------
Michael D. Salim
Attorney-in-Fact
Dated October 13, 1998 THOMAS O. HICKS
/s/ MICHAEL D. SALIM
---------------------------------------
By: Michael D. Salim, Attorney-in-Fact
Dated October 13, 1998 HM4/GP PARTNERS CAYMAN, L.P.
/s/ MICHAEL D. SALIM
---------------------------------------
By: Michael D. Salim, Attorney-in-Fact
Dated October 13, 1998 HM GP PARTNERS IV CAYMAN, L.P.
/s/ MICHAEL D. SALIM
---------------------------------------
By: Michael D. Salim, Attorney-in-Fact
Dated October 13, 1998 HM FUND IV CAYMAN, LLC
/s/ MICHAEL D. SALIM
---------------------------------------
By: Michael D. Salim, Attorney-in-Fact
<PAGE> 11
CUSIP NO. G90751101 Schedule 13D/A
EXHIBIT INDEX
<TABLE>
<S> <C>
10.1 Stock Purchase Agreement, dated August 31, 1998, by and
between Triton Energy Limited and HM4 Triton, L.P.(1)*
10.2 Shareholders Agreement, dated September 30, 1998, by and
between Triton Energy Limited and HM4 Triton, L.P.*
10.3 Monitoring and Oversight Agreement, dated September 30, 1998,
by and between Triton Energy Limited and Hicks, Muse & Co.
Partners, L.P.*
10.4 Financial Advisory Agreement, dated AUGUST 31, 1998, by and
between Triton Energy Limited and Hicks, Muse & Co. Partners,
L.P.*
10.5 Line Letter dated October 9, 1998, by and between Bankers
Trust Company and HM4 Triton, L.P.(2)*
10.6 Base Rate Promissory Note dated October 9, 1998, in the
original principal amount of $30,000,000, executed by HM4
Triton, L.P., and payable to Bankers Trust Company.*
24.1 Power of Attorney for Thomas O. Hicks (filed as Exhibit 2 to
Schedule 13D regarding Coho Energy, Inc., filed with the
Securities and Exchange Commission on May 20, 1998, and
incorporated herein by reference).
24.2 Power of Attorney for HM4/GP Partners Cayman, L.P.*
24.3 Power of Attorney for HM GP Partners IV Cayman, L.P.*
24.4 Power of Attorney for HM Fund IV Cayman, LLC.*
24.5 Power of Attorney for HM4 Triton, L.P.*
99.1 Joint Filing Agreement dated October 9, 1998, among HM4
Triton, L.P., HM Fund IV Cayman, LLC, HM GP Partners IV
Cayman, L.P., HM4/GP Partners Cayman, L.P. and Thomas O.
Hicks.*
</TABLE>
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* Previously Filed.
(1) The Stock Purchase Agreement is filed herewith without attached
exhibits and schedules, but such omitted exhibits and schedules will be
provided by the Purchaser upon written request.
(2) The Line Letter is filed herewith without attached exhibits, but such
omitted exhibits will be provided by the Purchaser upon written
request.
